As of 1st November 2020, the Cyprus Investment Programme is closed until further notice. Cyprus Investment Programme has been ranked 7th best globally. Cyprus ranked well in freedom of movement and standard of living.
As of 1st November 2020, the Cyprus Investment Programme is closed until further notice. Contact us for further information.
In a special report titled ‘A Guide to Global Citizenship’, PWM has compiled an index of the top twelve jurisdictions which offer a Cyprus passport in a short period of time to investors. An investor is generally required to invest in the economy of the jurisdiction where he or she wishes to attain a passport with all the benefits it entails.
The Cyprus Investment Programme has been classified as the seventh best in the world. The jurisdictions were ranked depending on how they scored on a number of criteria, including, the standard of living, mandatory travel or residence, due diligence, and ease of processing and minimum investment outlay.
Cyprus – a high standard of living and visa-free travel to 171 countries
With the possibility to travel to 171 countries, Cyprus ranked very well for travelling without a visa.
It also ranked highly for the high standard of living which it offers to its citizens.
The Cyprus Investment Programme also ranked highly with a short processing time of 6 months, with approval being given in 2-3 months. It also ranked well for ease of processing. The programme also received a fairly good score for its mandatory travel or residence requirements since it requires investors to visit Cyprus only once and does not impose any residence requirements before, during or after the programme.
Overall, Cyprus ranked quite well in almost every pillar, which is why it was ranked as the 7th best destination.
An Overview
In this index, Cyprus received the highest score out of any European nation and distinguished itself from its European counterparts for offering highly attractive benefits for those seeking a passport which will allow them to travel more easily to a greater number of jurisdictions.
The report also noted that Cyprus has a strong economy with low unemployment levels. Several offshore companies seeking a tax-efficient jurisdiction where they can relocate their assets have chosen Cyprus as their jurisdiction of choice.
It also added that the International Monetary Fund (IMF) has estimated a real GDP growth rate of 2.8 per cent for 2016, but has forecasted a reduction in growth to 2.2 per cent for 2017.
