Your Complete Guide
If you are looking to gain residency abroad, investing in property could be a great way to go about it. Citizenship by investment is something that is becoming more and more popular with our clients, and as experts in overseas property investment, we’re the ideal people to guide you through the process. Here’s everything you need to know about citizenship by investment programs in Cyprus and Spain, so you can decide whether it is a suitable choice for you.
What Is Citizenship by Investment?
First of all, what is citizenship by investment? Citizenship by investment, which is also known as economic citizenship, is a process whereby you can obtain citizenship of a country in exchange for making a significant financial contribution to its economy. This is a great way for nations to attract investments and boost economic growth – and it’s currently used by over 100 countries in the world.
Why are so many people interested in citizenship by investment? It can allow you to open up travel opportunities such as VISA-free travel within the EU Schengen zone, reduce your tax burden, or simply relocate to another country.
What kind of investment do you need to make to become a citizen in these countries? There are many different ways to invest your money, such as business ventures or government bonds – but we’re going to be focusing on property.
How to Get Citizenship by Investment
As we mentioned above, a number of countries offer citizenship by investment schemes, including Spain and Cyprus. Let’s take a look at what they have to offer.
Spain
You can obtain residency in Spain through the country’s Golden Visa scheme, which was launched in 2013. If you invest €500,000 in Spanish real estate, you will obtain family residency. This investor visa can be renewed every two years, and after five years it is possible to gain permanent residency. After ten years, you will be able to obtain citizenship. It is not necessary to live in Spain to retain and renew the residency visa, making it ideal for those who want to maintain their roots in the UK. The government fees are low, and the renewal fees are also incredibly reasonable.
Cyprus
This Mediterranean island is a great place to snap up property, and doing so can help you gain residency. The Cypriot government has long wanted to increase foreign investment and to grow its economy, and as a result, residence permits can now be issued to applicants from non-EU countries who intend to invest in the republic. You will need to invest a minimum of €300,000, and there are different ways you can do this. The citizenship by investment in Cyprus process can be carried out without needing to travel to the country, biometric capturing aside. Another bonus is that residency extends to the main applicant’s spouse and any children under 25 years of age.
North Cyprus
North Cyprus boasts one of the most exciting property markets available to investors today, and we have a huge range of properties for you to take your pick from. The Northern Cyprus government offers a citizenship by investment scheme that allows foreigners to acquire citizenship by investing a minimum of €300,000 in the country – which does include property. To be eligible for citizenship by investment in North Cyprus, you must have a clean criminal record and be able to speak Turkish or English.
Can Luux Venture Group Help Me with the Citizenship by Investment Process?
Yes, we can! We specialise in overseas property investment, and we’re well-versed in all the ways our clients can utilise their investment to gain residency and all the benefits that come with it. Whether you are looking for citizenship by investment in Spain or Cyprus, our team are here to give you all the help you need to navigate the process with ease and help you to avoid any common pitfalls.
We know that investing in property overseas can feel daunting, especially if you are doing so for the first time. That’s why we’re here to answer any questions that you may have and to give you the support and guidance that can only come from years of securing the best possible opportunities for our clients in these in-demand foreign markets.
Get in Touch Today
Want to find out more about how to get citizenship by investment? Then get in touch with our experienced team today. Whether you have seen a property that you like on our site or you just want to have a casual, no-obligation chat with a member of our team, we’re here to give you the information that you need. So, what are you waiting for?
FAQs
Citizenship by investment programs allow a huge range of people to gain residency in a country by investing in real estate. Of course, each county will have its own criteria that you will need to meet. Luckily for you, we’re well-versed in all the requirements for citizenship by investment schemes and will be able to advise you on which ones are most suited to your needs.
We’re passionate about helping our clients access all the benefits that come from foreign property investment, and will get to know you so we can give you in-depth, honest answers about your suitability.
There has never been more choice available to those seeking citizenship by investment, and more and more countries are offering their own versions of schemes that allow you to obtain residency in exchange for investing in property. Choosing the right one can be tricky – which is where we come in.
The country you choose to pursue the citizenship by investment process in can depend on a variety of factors, such as how much you have to spend, if you plan to live in the country with your spouse and any dependents, and how long you want to wait before you can obtain full citizenship.
Gaining residency in another country through investing in property presents a huge range of opportunities – but will you need to leave the UK and set up a home there? The good news is that, no you won’t! In most cases, you’ll just need to visit as per the conditions of your residency permit, and most of the work to obtain this in the first place can be carried out here in the UK.
Of course, if you are looking to move to Spain or Cyprus permanently, citizenship by investment is a great way to get that journey started. Whatever your plans for the future are, we’re here to offer you tailored support and advice.