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Cyprus immigration policy tightened again? Watch the truth q
Guide reading:Due diligence will include: Check the identity certificate of the applicant; An analysis of the company's history; Check the applicant's credit information, income/wealth sources and compliance records, etc. This means that the current loose fun
With the British immigration policy going further and further along the road of "tightening", Cyprus passport, which can be called "the choice of curve-shifting English Premier Value", has emerged quietly.
 
Cyprus is a European Union country. After obtaining its passport, Cyprus can live and work in any European Union country you desire, and enjoy the educational and medical resources of the European Union at the highest cost-effective rate. Aunt May has made it clear earlier that EU citizens who are allowed to stay in Britain after leaving Europe will enjoy the same rights and guarantees as EU citizens who arrived in Britain before December 31, 2020.
 
In other words, Cyprus passport can still activate British permanent residence!
 
In addition, as an offshore tax paradise in Europe, Cyprus has a very low tax rate in Europe, and the corporate income tax is only 12.5%. It provides a huge space for enterprises to develop. Many well-known companies are headquartered in Cyprus. At the same time, Cyprus has a low progressive income tax rate on personal income tax and no wealth tax, inheritance tax and gift tax, so it is regarded as a rare safe haven for assets.
 
Cyprus immigration policy tightened again? Watch the truth quickly!
 
More importantly, having a Cypriot passport is equivalent to having a European Union passport. Cyprus passport ranks 17th in the world in gold content. Holding it can not only exempt 159 countries and regions, but also free to live, study and work in EU Member States and enjoy the benefits of education, health care, work, unemployment and pension in EU.
 
With so many attractive advantages, it is no wonder that Cypriot passports are popular among high net worth people. Rich people from all over the world, including China, India and Russia, have rushed into Cyprus.
 
In May this year, the highly sought-after project announced the start of a quota - from 2018, Cyprus has applied for an annual quota of 700 investors!
 
This heralds a tightening trend in Cyprus's investment naturalization program. Indeed! Recently, the Cyprus News Agency said that the Ministry of the Interior was considering hiring up to three professional companies to conduct due diligence on investor applications for Cyprus investment citizenship.
 
Due diligence will include:
Check the identity certificate of the applicant;
An analysis of the company's history;
Check the applicant's credit information, income/wealth sources and compliance records, etc.
 
This means that the current loose funding source auditing standards, or will become history!