Friday, 22 January 2016

Fastest & Simplest European Residency Option Available Today

There are a number of options open for those wanting fast access to Europe. The current Residency by Investment Programmes that are available in Europe includes options from the likes of Spain, 
Portugal, Cyprus, Bulgaria and Hungary.  They typically enable the investor and family to live in the country that is providing the programme and to travel on a Schengen visa. They are therefore suited to those that require the flexibility of fast and secure route to Europe if needed, the option to travel without the need to work in Europe.

The speed, complexity and costs do vary and one option in particular has proved to be extremely attractive since its introduction a few years ago and that is the Cyprus Permanent Residency Programme. There have been over 2,000 successful applicants in the last 2 years, however why is it proving to be so popular?  Basically it is very fast, very simple and also more cost effective than the previous options that were on the market.

It has now introduced a fast track service which takes just 8 weeks!! There are no residency requirements, no language requirements and is therefore provides a very fast and easy option for those with funds to invest.  By investing a €300,000 in a new home it is also considerable more cost effective than the Golden Visa options from Spain and Portugal which start at €500,000.



Thursday, 7 January 2016

Why Wait 6 Years? Faster, Cheaper and Simpler Access to the UK and Europe


An Alternative to the UK Tier I Investment Visa
The UK Tier 1 Investment Visa has been a reasonably attractive route for wealthy non EU individuals and families to gain access to the UK and European Union for many years. However the cost of this option recently doubled to €2 million, the process and requirements have understandably become more challenging, it includes extensive residency requirements and typically takes in the region of 6 years to accomplish.

This may still be an attractive option for some, however the length of time it takes, the requirement to live in the UK for a minimum of 185 days per year, every year for 5 years, and the language requirements makes it prohibitive for many. So is there a practical alternative that can provide similar benefits?

 The Cyprus (European Union) Citizenship and Passport Programme offers almost identical benefits to the UK Tier 1 Investment Visa route in a fraction of the time, is far simpler and is without any residency or language requirements.

How do the offerings compare in terms of benefits to the investor
They both provide the freedom, security and mobility of a second passport and the possibility to live, work and study anywhere in the European Union. Both offerings include the investors spouse and dependants and the Cyprus offering extends this cover to dependants up to the age of 28 as long as they are in full time education. They both allow extensive travel to over 150 countries. 

Are there any notable differences
Not at the moment as both offerings currently provide Full European Union Citizenship and Passports and the benefits that go with it. On the cover page of the UK Passport it states European Union, United Kingdom of Great Britain and Northern Ireland Passport whilst the cover page of the Cyprus Passport states European Union, Republic of Cyprus Passport. However depending upon the outcome of this year’s EU referendum the UK option may be restricted to providing the ability to live and work in the UK only whilst the Cyprus offering will provide complete freedom and access to live and work anywhere in the European union.

Are there major differences in qualification?
The difference in qualification is quite extensive. The UK Tier 1 Investor visa requires the investor to live in the UK for a minimum of 185 days every year for a minimum period of 5 years before an application can be made for Citizenship. It therefore typically takes around 6 years to obtain UK (EU) Citizenship and Passports. There are English language tests and requirements. The minimum investment level has recently increased to £2m (approximately €2.8m) and property investment does not qualify as an allowable investment route despite it being a very popular investment vehicle for international investors.

By comparison the Cyprus offering taking just 3-4 months for Cyprus (European Union) Passports and Citizenship to be issued is lightning fast. There are no residency requirements, no language requirements and one of the major investment options for the fast track route is property investment. At €2.5m it is also a little less expensive.

Citizenship-by-investment raises €2.5bn for Cyprus

CYPRUS’ citizenship-by-investment programme has yielded €2.5bn in revenues for the government since 2013, Interior minister Socratis Hasikos told lawmakers on Friday.

Presenting the ministry’s 2016 budget, Hasikos told the House Finance committee that the programme, which affords wealthy foreigners the Cypriot nationality if they park €5m of deposits into a local bank or invest an equal amount in shares or bonds in Cyprus, or if they buy property worth at least €300,000, has exceeded expectations, but declined to reveal the number of investors who took advantage of the scheme.

Necessary conditions for eligibility to the programme is that the money invested was previously kept abroad, and that the applicant does not work in Cyprus. The Interior minister said this income has helped Cyprus weather the tough times of crisis in previous years, and noted that naturalisation is linked to investments, property sales, deposits, and the trading of shares.

However, Hasikos said, pressure is being applied by the European Union on Cyprus to amend the scheme’s eligibility criteria, which the government is resisting. “We had told the EU that we instituted the programme as a temporary measure to combat the effects of the financial crisis,” Hasikos said. But, he said, the programme is not being abandoned.


Hasikos assured lawmakers that applicants are screened extensively before being granted citizenship. “We don’t approve terrorists or drug dealers – there are thorough checks before a foreigner is naturalised,” he noted. 


Sunday, 15 November 2015

New Lucrative Revenue Stream for Local Real Estate Companies

Do you have you access to wealthy property investors and interested in an additional lucrative revenue stream?

We are building strategic relationships in the region with professional Real Estate Companies that have access to wealthy property investors as there is a mainly untapped market for investors to gain 2nd passports (European Union) through international property investment. This provides the investor and family with the freedom, security and mobility to live, work and study anywhere in the European Union and to travel freely to over 150 countries.


We provide a fast track (3 months) European Union Citizenship service through real estate investment to wealthy individuals and families and if you have access to such clients and are interested in an additional very lucrative revenue stream then please leave a message here or contact me at derek@europeancitizenships.com or visit our partners page here 

Wednesday, 11 November 2015

Twinned Cities – Paphos, Cyprus and Amman, Jordan

Cypriot President Nicos Anastasiades visited the headquarters of Greater Amman Municipality (GAM) on Tuesday, where the Amman and Paphos mayors signed a twinning agreement. 

Anastasiades, who was accompanied by Paphos Mayor Phedon Phedonos, said his visit seeks to build solid grounds for Jordanian-Cypriot relations in economy, tourism and culture, and to boost grounds for mutual respect between the people of the two countries.  

The Cypriot president, received at GAM by Amman Mayor Aqel Biltaji, described the twinning agreement signed between Amman and Paphos, a city on the southwest coast of Cyprus, as a clear indication of efforts to boost future cooperation. During the visit, Biltaji presented the key to Amman to Anastasiades, who expressed his admiration for the history of the capital and the various successive civilisations that lived and prospered in Jordan. 

Underscoring the importance of the twinning agreement, Biltaji highlighted the historic links between the two cities, noting that both have played a key role in the field of trade. He also emphasised the tourism and cultural cooperation that the agreement will lead to, stressing Amman’s resilience and ability to cooperate with other cities, and deal with crises.

Biltaji noted that Paphos has been named European Capital of Culture for 2017.

Biltaji also presented the Cypriot president with a golden coin, depicting His Majesty King Abdullah on one side and an image of the Baptism Site on the other, as a token of appreciation. He also presented a similar silver coin to Phedonos.   

Anastasiades and his wife arrived in Amman on Monday on an official visit to the Kingdom, during which he is scheduled to hold talks with His Majesty King Abdullah.The talks will cover bilateral relations, and regional and international developments.

For information on the Fast Track EU Citizenship Programme visit here

Monday, 9 November 2015

Understanding the European Citizenship and Residency Landscape


EU Passports


The Citizenship and Residency Market can be very confusing with the number of offerings from many different countries providing what looks on the surface like similar offerings. The reality can be very different and hopefully this information will help dispel some of the myths, simplify your choice and ensure that you choose the right option that meets your requirements.



The offerings can be placed into 3 main categories: - The Caribbean/Americas Citizenships, The European Residency Programmes, the FULL EU Citizenship Programmes. 

The Caribbean/Americas Citizenships

These offerings from countries such as St Kitts, Dominica, Antigua & Barbuda, and Grenada are
typically in the $250,000 to $400,000 region and provide you with citizenship of that island only and some travel capability on a visa

The European Residency Programmes

The European Residency Programme offerings are provided by Spain, Portugal, Cyprus, Bulgaria
and Hungary (the latter two confusingly name them citizenship programmes) they typically cost in
the region of €500,000 and offer residency (live in the particular country only), the ability to travel to Schengen countries and an option to upgrade to full citizenship after 5-10 years.

The FULL EU Citizenship Programmes

Whilst the Citizenship Programmes are more expensive they offer complete FREEDOM, SECURITY
& MOBILITY to allow you & your family to LIVE, WORK or STUDY anywhere in the European Union 
and provide extensive travel to over 150 countries

FULL EU Citizenship Programme Options

The UK Tier 1 Investment Programme costs  £2m (€2.8m) making it the most expensive of the three options. It takes a minimum of 5 years before applying and you have to live a minimum of 185 days in the UK every year for 5 years, pass a language test and interview making it complex and expensive.

The Malta (EU) Individual Investor programme costs  €1.15m, however you are required to donate €650,000 to the Maltese government as a gift. You are required to live in Malta for 12 months before applying and the application then takes a further 6 months. The qualification challenge and the donation to the government are proving to make the Maltese option not that popular.

The Cyprus (EU) Citizenship by Investment Programme requires €2.5m (typically in real estate), takes 3-4 months and there are no residency or language requirements. The speed and simplicity of the Cyprus programme is making it the most popular option for those wanting FULL EU Citizenship & Passport and the Freedom to Live or Work in Europe.

You can read the full article here

For further information or assistance contact us at:
 info@europeancitizenships.com
+44(0)20 3488 0590 or +44(0)7771 716434

Friday, 6 November 2015

Is now the right time to be investing in Cyprus?

The Cyprus Economy

Exceeding international expectations and returning  to positive growth in 2015, Cyprus has made substantial progress in restructuring its economy. Cyprus has been remarkably resilient following the financial crisis and has implemented tough austerity measures to restructure its economy. Although it has been a challenging time, the economic adjustment programme is very much on track, with good progress made in all key objectives set out by the country’s international lenders. So far, Cyprus has passed all evaluations with flying colours and the country is coming out of recession in 2015 – a year earlier than first projected.
 Investors and progressive business minds recognise that Cyprus today is one of the best places to invest! It is well known that the recent discovery of the largest oil and natural gas near to the coast of Cyprus is expected to completely transform the country’s economy over the next decade! There has recently been some large notable Real Estate investments reflecting the new confidence in the Cyprus economic position

The Cyprus Property Market

A new horizon has opened for the property industry and other major investments in response to the oil and gas that has been found in Cyprus, with large overseas  investment in new Ports and Marinas, new Malls and other major projects already planned and under construction. These new projects inject daily progress into the Islands plans making Cyprus one of the most attractive places for investment in Europe.

The confidence in this market is typified by a number of major real estate projects that are currently planned including:
Limassol Marina, yia Napa Marina, Venus Rock , Limin Bay Two 18-hole Signature Golf Courses, Eagle Pin Golf  development, Neapolis Smart EcoCity: Paphos,  Nicosia City Mall,  
Limassol Landmark a 34 story tower

Timing

Land Registry reveals that the total number of property buyers has increased notably, particularly with purchases from overseas increasing by 20% in the first half of 2015.

It is now considered by many as the best time for foreigner investors to invest in the Cyprus Property Market, after the global recession, the properties are still at  low prices, but not for too long! This is the chance for investors to grab the opportunity today in buying exceptional properties in this beautiful and developed Island at the post-recession prices and see an impressive and guaranteed return from their investment over the next few years!

You can read the full article here 

For further information or assistance contact us at:

+44(0)20 3488 0590 or +44(0)7771 716434