Purchasing Cyprus Citizenship for Israelis – Cypriot Citizenship for Israelis
If you are interested in purchasing Cyprus citizenship for Israelis (Cypriot citizenship), then this article will provide you with information on the benefits, challenges, time table, investment necessary, and more.
How to Purchase Cyprus Citizenship for Israelis
Cyprus is one of the more expensive countries to purchase citizenship in because it has one of the best passports with the opportunity to travel visa-free to over 150 countries and to live, work, or study in 28 European Union countries. It will take approximately three months to process an application for Cyprus citizenship when a purchaser is also making a €2.5 million investment in real estate or spreading this amount or more money in purchasing real estate and investing in Cyprus. The investor must be willing to maintain a minimum of €500,000 in residential real estate, which will be declared the primary residence of the investor. However, the investor is welcome to rent the property as well.
The Benefits and Challenges of Purchasing Cyprus Citizenship for Israelis
Cyprus has one of the best passports as citizenship allows one to travel to numerous countries as well as work and live anywhere in the European Union. It is also attractive as citizenship in Cyprus does not require the individual to maintain a physical presence in Cyprus. One of the potential challenges is that the European Union may soon require Cyprus to insist that new citizens live in Cyprus for at least 12 months in order to obtain citizenship. Also, as we mentioned above, it is mandatory to keep €500,000 invested in a private residence in Cyprus.
Our Law Firm
Our law firm, Cohen, Decker, Pex & Brosh, has a few areas of expertise, including immigration services to Israel, the US, the UK, Canada and more. Thus, we know how long the immigration process can be, which is why some are interested in citizenship investment programs for Israelis, which allows for Israelis to purchase citizenship in Cyprus (or other countries). This has become an increasingly attractive option for people who have the financial means (a minimum $250,000 investment from people with a net worth of at least two million dollars). Our law offices are committed to providing you with the best service possible, and we will only take cases where there is a good chance of obtaining citizenship through us and our partners.
If you have any questions about purchasing Cyprus citizenship for Israelis (or you are interested in looking for less expensive citizenship by investment options), please contact us. Advocate Joshua Pex or one of our other partners specializing in Cyprus citizenship for Israelis would be happy to help.
: 03-3724722, 055-9781688