Cyprus and Portugal are the best economies to invest in Europe currently, with some great options that make getting a second passport a hassle-free experience for the aspirants. Chance of becoming a permanent resident in under 3 months, no specific language requirements, dual citizenship, free trade within the EU and Low tax rates, no restrictions on living, working and studying in Europe and owning land in an EU member state are some of the benefits of living in Europe.
Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from a recent recession through significant activity in the shipping, tourism, legal and financial services sectors. It is one of the safest countries of the world with a population of less than 5 million.
Cyprus offers the Citizenship by Investment program for business persons and investors looking to establish a business. Under this program, an investment of €5 million can be made in a property, enterprise, financial assets or for maintaining ownership of assets for a period of 3 years. To be eligible for the Cyprus Citizenship by Investment program, the applicant must have a valid passport, provide proof of source and origin of the declared funds for investment, have no criminal history and not be on the list of persons whose property is ordered to be frozen within the boundaries of the EU.
Applicants can also invest in Portugal, a country that boasts of rich and diverse culture, Mediterranean climate. Investors find many opportunities in Portugal’s secure and fast-developing market. Some of the benefits of Citizenship by Investment program of Portugal are residence visa waiver for entering Portugal, visa-free travel within the Schengen member states, permanent residency after five years as a temporary resident, citizenship after one year as a permanent resident and inclusion of family members, such as spouse or partner, dependent children and dependent parents.
An investment of €500,000 in a property or €350,000 in a 30-year or older property in Portugal is needed under this program. To be eligible, one must have proof that investment funds originate from abroad, hold no criminal record, have no property frozen across the EU, pay application and processing fees where applicable, enter Portugal for the first time on a valid Schengen visa and meet the minimum stay requirements
Shifting your base and permanently residing in another country takes a lot of work and legal formalities. WWICS, being a leading global resettlement consultant, offers end-to-end services to its clients. A team of expert professional experts housing years of experience in resettlement, guide you through the entire process in the shortest possible time.