Residence/Citizenship by investment into Real Estate’ programs in South European countries (EU members): what is the best practice for Cyprus
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Real Estate Program, School of Architecture, Land and Enviromental Sciences, Neapolis University Pafos
Abstract
The increasing world supply of immigrant investor programs (Golden visa and Cash-for-citizenship programs), exchanging residency rights or citizenship for a substantial investment into the economies of the granting countries is triggered by a sizeable demand from prospective wealthy individuals of non-European crisis-torn regions as well as regions with growing private wealth (like China). The motivating factors for such individuals range from the desire to establish more secure and fast business or/and family settlement abroad, protection from economic and political turmoil at home, accessibility to visa-free travel, wish to reside in a low-tax jurisdiction, etc.
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Research Subject Categories::FORESTRY, AGRICULTURAL SCIENCES and LANDSCAPE PLANNING, Residence/Citizenship, investment, Real Estate’ programs, South European countries, Cyprus, Citizenship-by-Investment, Economic Citizenship Programs, Economic Residency Programs, Foreign Account Tax Compliance Act (FATCA), Foreign Direct Investments (FDI), Golden Visa program, Macroeconomic Stability, Sovereign Wealth Fund (SWF), The International Monetary Fund (IMF), The Organisation for Economic Co-operation and Development (OECD), National Development Funds (NDF)