Se­cure a Plan B in Europe

Premier Magazine (South AFrica) - - Contents - Text & Im­ages © Cypriot Re­alty

Putting to­gether a mean­ing­ful legacy that pro­tects the fu­ture of you and your fam­ily is some­thing that many peo­ple want to ex­plore.

Prop­erty Own­er­ship in Cyprus

In Cyprus, when you com­bine prop­erty own­er­ship with se­cur­ing per­ma­nent res­i­dency or a se­cond cit­i­zen­ship, then you are re­ally putting a mean­ing­ful Plan B in place for you and your fam­ily.

There are two prop­erty in­vest­ment pro­grammes avail­able: Se­cur­ing Per­ma­nent Res­i­dency in four to six weeks or se­cur­ing Euro­pean Union cit­i­zen­ship in six months.

Get­ting Per­ma­nent Res­i­dency

The per­ma­nent res­i­dency pro­gramme of Cyprus is the only pro­gramme in Europe where three gen­er­a­tions of the same fam­ily all se­cure res­i­dency for life in four to six weeks of ap­ply­ing. By buy­ing a sin­gle prop­erty for a min­i­mum of €300,000, the en­tire fam­ily gets per­ma­nent res­i­dency per­mits.

This means that the main ap­pli­cant, the spouse, all de­pen­dent chil­dren up to age 25, as well as both the par­ents and the par­entsin-law qual­ify for res­i­dency.

The fam­ily does not need to live in Cyprus for the res­i­dency per­mits to re­main valid, nor does the in­vestor need to buy in a spe­cial des­ig­nated area (SDA). A tan­gi­ble ben­e­fit is that the prop­erty can be rented out to earn a Euro-based in­come.

Get­ting EU Cit­i­zen­ship

If ur­gently se­cur­ing Euro­pean Union pass­ports for you and your fam­ily is a pri­or­ity, then Cyprus’ Cit­i­zen­ship through their In­vest­ment pro­gramme is your so­lu­tion.

This is the only pro­gramme where Euro­pean cit­i­zen­ship is guar­an­teed to be granted in six months, and all de­pen­dent chil­dren up to age 28 qual­ify. The in­vestor and his or her en­tire fam­ily have visa-free ac­cess to more than 169 coun­tries in the world, and com­plete free­dom of ac­cess to the whole of the Euro­pean Union, in­clud­ing the United King­dom.

All Cypriot pass­port hold­ers can live, work, study, and travel any­where in Europe with­out any re­stric­tions.

Now that is a se­ri­ous Plan B worth in­vest­ing in.

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