#Cyprus Investment Programme

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Top 2024 Investment Programs: Experts Recommend the Best Second Passports for Offshore Investment

In today’s globalized world, the concept of investing offshore and obtaining a second passport has become increasingly popular among savvy investors. As we step into 2024, certain investment programs have risen to the top, highly recommended by experts for those seeking to diversify their portfolios while gaining the flexibility and benefits of a second citizenship. Here are the top investment…

[cognitivejustice]

Report hails benefits of the EU's multi-billion-euro environmental action

A cost-benefit analysis by the European Commission says nearly €3.5 billion of EU money pumped into real-world environmental schemes through the LIFE programme gave a tenfold return on investment – justification, green groups say, for massively ramping up spending.

The EU’s flagship environmental protection scheme has improved the conservation status of 435 species while cutting greenhouse gas and nitrogen oxides (NOx) pollution, producing a tenfold return on the €3.46 billion invested in the seven years to 2020, the European Commission has claimed in a review of the last budget period.

The LIFE programme is the only European instrument which directly funds environmental action on the ground, with the 1,167 projects supported during the 2014-2020 period, ranging from ‘traditional’ projects like boosting vulture populations in the mountains between Greece and Bulgaria to supporting policy makers in redesigning the EU emissions trading system, which sets a cap for industrial carbon emissions.

Energy saved amounted to the average energy consumption of nearly a million European households, while carbon dioxide was cut by 11.8 million tonnes a year, equivalent to the net annual emissions of Cyprus, according to the report published on Thursday (1 August).

The yearly production of NOx, another greenhouse gas which is also linked to respiratory illness, was cut by around 152,000 tonnes – more than Portugal emitted in 2019, the EU executive noted.

A relatively small proportion of the funding was used to co-finance the purchase of 3,127 square kilometres of land at a cost of €83m, helping to expand the Natura 2000 network of protected areas, which covered some 18.6% of the EU’s land mass by 2021, according to the European Environmental Agency (EEA).

“LIFE contributed to the overall objective of moving towards an environmentally friendly economy that uses resources wisely, lowers carbon emissions, and can withstand climate changes, as well as protecting and improving the environment,” the report concludes.

[pilawturkey]

Residence Permits in Turkey

Introduction

Overall, this article mainly focuses on legal requirements, duration, refusal, non-renewal or cancellation of residence permits in Turkey. As a result, the acquisition of Turkish citizenship does not fall within the scope of this paper. It is notable that Turkish immigration lawyers are of great importance in giving a Turkish citizenship and|or residence consultancy to foreign visitors. Legal practitioners face several difficulties in the field of residence permits in Turkey.

Is Turkey going to stop issuing residence permits in Turkey?

What is the Meaning of a Residence Permit?

To clarify, “residence permit” refers to ‘an official document that allows you to live in a country that you were not born in’. The term “residence permit” does not imply permanent residence. For this reason, it contains a “temporary residence permit”, granted to a foreigner for a specified period of time. Thus, residence permits need to be renewed regularly.

What is the Difference Between a Work Permit and Residence Permit?

There is a growing consensus that work permit and residence permit have very different meanings. It is, however, striking that there is also a clear connection between those terms.  Because of this relationship, a valid work permit as well as work permit exemption confirmation document issued pursuant shall be considered as a residence permit. It necessarily follows that holders of a residence or a work permit are granted to live within a specific period of time in Turkey. 

What are the Main Principles of the Turkish Legal Framework on Residence Permit?

Significantly, the Law on Foreigners and International Protection Law (No:6458) is intended to provide ‘the principles and procedures with regard to foreigners’ entry into, stay in and exit from Turkey’. The said Law plays a central role in regulating main standards and types for residence permit.

How Can You Get a Residence Permit in Turkey?

In essence, Article 29 of the Law on Foreigners and International Protection Law (No:6458) regulates the following types of residence permits:

Short-term residence permit,

Family residence permit,

Student residence permit,

Long-term residence permit,

Humanitarian residence permit,

Victim of human trafficking residence permit.

Since this paper will entirely deal with short-term residence permits, other types of residence permit go beyond the present text. This work will specifically concentrate on short-term residence permits in Turkey, as stressed above.

Which types of short-term residence permits are possible in Turkey?

Pursuant to Article 31, short-term residence permit in Turkey may be given to the foreigner who:

Conducts scientific research,

Owns immovable property in Turkey,

Establishes business or commercial connections,

Participates in on-the-job training programmes,

Arrives to attend educational or similar programmes as part of student exchange programmes or agreements to which the Republic of Turkey is a party to,

Wishes to stay for tourism purposes,

Intends to receive medical treatment, provided that they do not have a disease posing a public health threat,

is required to stay in Turkey pursuant to a request or a decision of judicial or administrative authorities,

Transfers from a family residence permit,

Attends a Turkish language course,

Attends an education programme, research, internship or, a course by way of a public agency,

Applies within six months upon graduation from a higher education programme in Turkey,

Does not work in Turkey but will make an investment within the scope and amount that shall be determined by the Council of Ministers (foreign investors and his/her spouses, minor children or foreign dependent children,

is a citizen of the Turkish Republic of Northern Cyprus.

How Long is a Short-Term Residence Permit Valid in Turkey?

Generally speaking, short-term residence permits may be granted for a maximum of two years. Of course, there are also exceptions and following conditions. The duration in question is not the case for people who do not work but will make an investment in Turkey.  Also for those who are citizens of the Turkish Republic of Northern Cyprus.  Five year duration is given to them.

As for follow-up requirements, residence permits issued for people attending a language course shall only be issued twice.

Residence permits granted to those foreigners who apply within six months upon graduation from a higher education programme in Turkey shall only be issued once with a maximum one year duration.

What is a Long Term Residence Permit?

It is of course possible to obtain a long-term residence permit in accordance with Article 42. Indeed, if you have been residing in Turkey for at least eight years on a permit, you may be found eligible for a permanent residence permit by the relevant authorities. Relevant people should make an application to the Provincial Directorate of Migration Management (İl Göç İdaresi Müdürlüğü). Here is the document check list from the Presidency of the Republic of Turkey Investment Office.

What are the conditions for a short-term residence permit in Turkey?

What are the conditions for a short-term residence permit in Turkey? In summary, the involved foreigner is required to fulfill the following conditions regulated in Article 32 of the Law in question. These conditions are:

The submission of supporting documentation and information regarding the reason of stay in Turkey,

Not to fall within the scope of Article 7, designed for foreigners who shall be refused to enter into Turkey,

To live in accommodation conditions that conform to general health and safety standards,

Upon request, the presentation of criminal record certificate issued by the competent national authorities in his/her country of  citizenship or legal residence,

The submission of information on their address of stay in Turkey.

What are the Reasons For Refusal, non-renewal or Cancellation of Short-Term Residence Permit in Turkey?

What are the Reasons For Refusal, non-renewal or Cancellation of Short-Term Residence Permit in Turkey? Under the following situations, a short-term residence permit shall not be granted, shall be canceled if has been issued, and shall not be renewed when,

One or more of the conditions provided for in Article 32 are not met or no longer apply;

It is established that the residence permit is used outside the purposes of those it is issued for;

There is a current removal decision or an entry ban to Turkey in respect to the foreigner,

Upon violation regarding the period which is lived outside of Turkey.

What are the New Rules for Residence Permits in Turkey For 2023?

Owing to a legislative change on Article 20 of the Regulation on the Implementation of the  Law on Turkish Citizenship (No:5901), a new acquisition type of Turkish citizenship enters into force. When foreigners deposit at least USD 500.000 or equivalent foreign currency or Turkish lira in the private pension system with the condition of holding this fund for three years, as attested by Insurance and Private Pension Regulation and Supervision Agency, they may gain Turkish citizenship. Moreover, the minimum amount of investment for home purchase-based citizenship has been increased. The acquisition of Turkish citizenship requires a comprehensive legal guidance by Turkish citizenship lawyers.

Conclusion

Having regard to the aforementioned observations, even the types and legal requirements of short-term residence permit is not simple; albeit very confusing. To conclude, a foreigner should be aware of his/her desire, interest and personal necessities about residence permit. But that is not enough. Accordingly, in order to avoid any unexpected challenges, every single step should be taken carefully. Therefore, a foreigner also needs high-quality and on-the-ground advice by English speaking lawyers in Turkey for a right direction.

[vjcoverseas]

CYPRUS INVESTOR VISA PROCESS

In 2016 the Cyprus Council of Ministers approved the amendments of the plan supported section 111A of the Civil Registry Laws of 2002-2015, subsection (2). Any foreign citizen may apply for Cyprus citizenship through Naturalization by Exception if the applicant makes an investment of at least €2,000,000. Apply for the Cyprus visa from India for the Cyprus investment program through VJC Overseas and get an opportunity to invests into real estate or in any Cyprus Business or companies and get citizenship for the whole family, their spouse and all financially dependent children under 28 years old. Become a European citizen with the guidance of VJC Overseas through a Cyprus investment programme and apply for a Cyprus visa from India.

By applying for a Cyprus visa from India an applicant can obtain EU citizenship within 7-8 months. Citizenship is granted to the parents, spouse and dependent children of the investor, Valid for life. You are free to live, work, and study in any EU member state (including Switzerland, Norway, Iceland, and Liechtenstein). Visa-free travel to over 150 countries worldwide. Dual-citizenship permitted. No need to physically reside in Cyprus. No language requirements.

[immigrationhotnewsmore]

India's Best CYPRUS Visa Consultants In INDIA

In 2016 the Cyprus Council of Ministers approved the amendments of the plan supported section 111A of the Civil Registry Laws of 2002-2015, subsection (2). Any foreign citizen may apply for Cyprus citizenship through Naturalization by Exception if the applicant makes an investment of at least €2,000,000. Apply for the Cyprus visa from India for the Cyprus investment program through VJC Overseas and get an opportunity to invests into real estate or in any Cyprus Business or companies and get citizenship for the whole family, their spouse and all financially dependent children under 28 years old. Become a European citizen with the guidance of VJC Overseas through a Cyprus investment programme and apply for a Cyprus visa from India.VJC Overseas immigration consultant in Hyderabad

[head-post]

UK not to head EU military missions

Sir Keir Starmer has vowed to “reset” the UK’s relationship with the EU, but at what cost? The EU has identified part of the price the UK will have to pay to get back into its good graces: Brussels wants the UK to participate in EU defence missions, The Spectator reports.

Foreign Secretary David Lammy travelled to Luxembourg this week for a meeting of the EU Foreign Affairs Council to address the issue of security – an important element of Starmer’s intended “reset.” At Monday’s meeting, the EU reportedly pushed for UK participation in peacekeeping and conflict prevention missions, of which there are now more than a dozen. This will be seen as a slap in the Washington’s face.

Brussels has unofficially said it would be an easy way for the UK government to start negotiations on one of its manifesto pledges – “an ambitious new security pact between the UK and the EU to strengthen co-operation against the threats we face.” But this is a dangerous project: the EU’s defence capability is weak and fragmented. Attempts to strengthen it could also undermine NATO, the cornerstone of UK defence policy.

Despite the existence of a common EU security and defence policy, military matters remain largely the prerogative of member states. Article 42 of the Treaty on EU sets relatively strict limits on defence policy and notes that some members “see the implementation of their common defence in North Atlantic Treaty Organisation.” This is an understatement: of the 27 EU member states, only four – Austria, Cyprus, Ireland and Malta – are not also NATO members, and militarily they are all small with a total armed forces of less than 50,000, according to The Spectator.

Yet the Brussels bureaucracy is eternally ambitious. European Commission President Ursula von der Leyen has nominated former Lithuanian Prime Minister Andrius Kubilius for the newly created Defence and Space portfolio when the College of Commissioners is approved next month. It follows the publication of the European Defence Industrial Strategy earlier this year, designed to increase co-operation, investment and readiness for defence procurement in the bloc.

This is a direction of travel that the UK should not be encouraging, let alone joining. There is a simple truth that is often overlooked: military assets cannot be in more than one place at the same time or involved in more than one mission. NATO is the mainstay of UK defence and security policy and should remain so: 75 years old, it is the most successful alliance in the world, with well-developed command, control and planning functions. Critically, it engages with the US and forms a vital transatlantic bridge.

Countless words have been said and written about the challenges NATO faces, especially if Donald Trump is elected as US President for a second term in November. Trump distrusts the alliance on a basic and instinctive level, seeing it, in his childish, paranoid way, as an example of malicious foreigners taking advantage of Americans’ goodwill. Yet his accusations that NATO��s European members are not spending enough on defence are fundamentally true. This year alone, most of them are on track to meet the 2 per cent of GDP target for defence (which was first proposed 20 years ago).

There could hardly be a worse response to Trump’s threat to potentially cut US support within NATO than that the UK, which left the EU more than four years ago, will provide scarce military assets and capabilities for EU missions. We know that the defence budget is under almost unbearable strain, major equipment programmes are years behind schedule, recruitment is grossly inadequate, and the army’s declared ability to mobilise a division-sized combat unit at short notice is a myth. There is no weakness in the system, The Spectator reports.

What signal will our participation in EU missions send? Even sources in Brussels say it will not be a critical part of the security pact under discussion, but they expect it is something that can be “done very quickly.” In Washington, however, it will be seen as a slap in the face. EU members such as France, Italy, Spain and the Netherlands, who despite apparently agreeing, have shamefully backed away from supporting the US-led Prosperity Guardian operation to protect maritime trade in the Red Sea. Britain, on the other hand, stood shoulder to shoulder with the US. Would the proposed change jeopardise such displays of solidarity?

The Prime Minister must decide how vital he considers the security pact with the EU to be. As we are already partners in a defence alliance with 23 EU member states, it is difficult to see what concrete benefits we will get from signing the pact, other than making our European neighbours like us. But to invest scarce military resources in an organisation of which we are not even a member, while funding and assets are at the heart of NATO’s pressing problems, would be almost inexcusable.

Read more HERE

[boldcompanynews]

Here’s how to acquire the world’s most powerful passport - Journal Today Internet - BLOGGER https://www.merchant-business.com/heres-how-to-acquire-the-worlds-most-powerful-passport/?feed_id=143116&_unique_id=66a2442004edc Here are some steps and considerations to help you acquire a highly powerful passport:1. Understand passport strengthPassport strength is determined by the number of countries its holders can visit without needing a visa or by obtaining a visa on arrival. Countries like Japan, Singapore, Germany, and South Korea often top the list of powerful passports due to their extensive visa-free access.2. Research top-ranked passportsFamiliarise yourself with the countries that consistently rank high in passport power indexes, such as the Henley Passport Index or the Global Passport Power Rank. This will help you identify target countries whose passports offer extensive global mobility.3. Explore citizenship by descentSome countries offer citizenship by descent, allowing you to obtain a passport if you have ancestors from that country. Research your family history to see if you are eligible for citizenship in a country with a powerful passport.4. Consider naturalisationNaturalisation is the process of becoming a citizen of another country after fulfilling residency and other legal requirements. Countries like Singapore and Germany offer pathways to citizenship through long-term residency, though the process can be lengthy and require a strong commitment.5. Look into citizenship by investmentSeveral countries offer citizenship by investment programmes, where individuals can obtain citizenship by making a significant financial investment in the country.Countries like Malta, Cyprus, and St. Kitts and Nevis have such programmes, though they often require substantial investment amounts.6. Work and residency opportunitiesObtaining a work visa or residency permit can be a step towards citizenship. Countries like Canada, Australia, and New Zealand offer skilled migration programmes that can lead to permanent residency and, eventually, citizenship.7. Marriage to a citizenMarrying a citizen of a country with a powerful passport can sometimes provide a pathway to citizenship. Each country has its own legal requirements and processes for spouses seeking citizenship, so research the specific requirements for the country in question.8. Educational opportunitiesStudying in a foreign country can also be a pathway to citizenship. Many countries offer student visas that can be converted to work visas and eventually lead to permanent residency and citizenship.Countries with top-ranked passports, like Japan and Germany, have educational institutions that attract international students.9. Compliance with legal requirementsEnsure that you meet all legal requirements for obtaining citizenship in your target country. This may include language proficiency tests, residency duration, financial stability, and background checks. Complying with these requirements is crucial to successfully acquiring a new passport.Acquiring the world’s most powerful passport requires careful planning, research, and sometimes significant financial investment.By understanding the various pathways to citizenship and identifying countries with strong passports, you can take strategic steps towards enhancing your global mobility.Whether through descent, naturalisation, investment, work, marriage, or education, securing a powerful passport can open doors to new opportunities and experiences around the world.“Acquiring the world’s most powerful passport involves understanding the factors that contribute to passport strength and exploring ways to obtain citizenship in countries that offer such prestigious travel documents. Here…”Source Link: https://fakazanews.com/2024/07/25/heres-how-to-acquire-the-worlds-most-powerful-passport/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-to-acquire-the-worlds-most-powerful-passport http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/07/pexels-photo-5961630.jpeg

#GLOBAL - BLOGGER Here are some steps and considerati... BLOGGER - #GLOBAL

[lambroschristoforou]

When Is the Best Time to Buy Tzakia Kypros in Cyprus?

Purchasing a fireplace, particularly in Cyprus, involves several considerations to ensure you get the best deal and the most suitable product for your needs. Whether you are looking at traditional fireplaces, modern gas fireplaces, or even high-quality NAPOLEON grills, the timing of your purchase can significantly impact the overall value and satisfaction you gain from your investment. Here, we explore the optimal times and conditions for purchasing fireplaces and related products in Cyprus.

Understanding the Market for Fireplaces in Cyprus

The market for fireplaces in Cyprus, often referred to as "tzakia kypros," is diverse and seasonal. Cyprus experiences a Mediterranean climate with hot summers and mild, wet winters, influencing the demand for heating solutions. Fireplaces in Cyprus are not only a functional heating source but also an aesthetic addition to homes, enhancing the living environment and adding a touch of luxury.

Seasonal Sales and Discounts

One of the best times to purchase tzakia kypros is during the off-season. Fireplaces are typically in lower demand during the warmer months, from late spring to early autumn. During this period, many retailers offer discounts and promotions to clear out inventory and prepare for the upcoming winter season. You can often find substantial savings on both traditional fireplaces and modern GAS fireplace cyprus options during these times.

Holiday and End-of-Year Sales

Holiday sales, especially around Christmas and New Year, are another excellent opportunity to purchase fireplaces in Cyprus. Retailers often provide significant discounts during these festive periods, making it a great time to buy. These sales events can offer opportunities to purchase high-end brands, such as NAPOLEON grills cyprus, at more affordable prices. Planning your purchase around these holidays can lead to better deals and value for your money.

New Product Launches and Clearance Sales

Fireplace manufacturers frequently release new models and designs towards the end of summer or early autumn. When new products are launched, older models often go on sale. This period is ideal for buying high-quality fireplaces at reduced prices. Additionally, clearance sales are common when retailers need to make space for new inventory, providing another chance to save on fireplaces cyprus.

Assessing Your Heating Needs

Before purchasing, it's crucial to assess your specific heating needs. The size of your home, the layout, and the climate of your location within Cyprus all play a role in determining the most suitable type of fireplace. For instance, if you live in a larger home or one with high ceilings, you might need a more powerful heating solution, such as a robust GAS fireplace cyprus. Conversely, smaller spaces might benefit from a more compact, efficient model.

Consulting with Experts

Consulting with experts and professionals in the field can provide valuable insights and help you make an informed decision. Many fireplace retailers in Cyprus offer consultation services to help you choose the best tzakia kypros for your home. These experts can guide you on the latest trends, technological advancements, and energy efficiency considerations, ensuring you get a fireplace that meets your needs and preferences.

The Role of Energy Efficiency

Energy efficiency is a critical factor to consider when buying a fireplace. Modern fireplaces, including GAS fireplace cyprus models, are designed to maximize heat output while minimizing energy consumption. Investing in an energy-efficient fireplace can lead to long-term savings on your utility bills. Look for models with high energy efficiency ratings and features like programmable thermostats and remote controls, which can further enhance efficiency and convenience.

Installation Considerations

The installation process is another important aspect to consider. Professional installation ensures safety and optimal performance of your fireplace. Many retailers offer installation services, and some even include it as part of the purchase package. Scheduling your purchase and installation during the off-season can not only save you money but also ensure quicker service as installers are less likely to be overbooked.

Exploring NAPOLEON Grills in Cyprus

For those looking to extend their outdoor living spaces, NAPOLEON grills cyprus offer a versatile and high-quality option. These grills are known for their durability, advanced features, and superior cooking performance. The best time to buy a NAPOLEON grill is similar to that of indoor fireplaces – during the off-season and holiday sales. Outdoor equipment often goes on sale in early autumn as the peak grilling season winds down, providing an excellent opportunity to invest in a premium grill at a reduced price.

Maintenance and Longevity

Regular maintenance is essential for prolonging the lifespan of your fireplace. This includes routine cleaning, inspections, and timely repairs. Many retailers offer maintenance packages, and purchasing one at the time of buying your fireplace can often get you a discount. Proper maintenance ensures your fireplace remains safe, efficient, and in good working condition for years to come.

Conclusion: Timing Your Purchase for Maximum Benefit

In summary, the best time to buy tzakia kypros in Cyprus hinges on various factors, including seasonal demand, holiday sales, new product launches, and your specific heating needs. By planning your purchase during the off-season, taking advantage of holiday promotions, and considering clearance sales, you can secure the best deals on fireplaces and related products. Whether you are looking for a traditional fireplace, a modern GAS fireplace cyprus, or a high-quality NAPOLEON grill, timing your purchase strategically can lead to significant savings and greater satisfaction with your investment. Consulting with experts, focusing on energy efficiency, and ensuring proper installation and maintenance further enhance the value and longevity of your purchase.

Investing time in research and planning can lead to a rewarding purchase experience, providing warmth, comfort, and aesthetic appeal to your home in Cyprus.

[starfriday]

Indian buyers encouraged to Invest in Greece in a Mediterranean Home and obtain Permanent Residency in Europe, at an affordable INR 2. 5 Cr before the regulations change on August 31

The much vied-for Greece Golden Visa, (Permanent Residency) is currently one of the most affordable residency programmes in Europe and across the world, that provides global high-net worth individuals (with family) and investors a permanent home in Europe along with ‘ visa-free travel across Europe’. Free health and education as well as the freedom to set up a business in the county are among other benefits of the PR

This entry price investment is set to double in cost to a minimum of €400,000 from the current €250,000 starting September.

Indians, who’ve always dreamt of buying a holiday home in Greece, can avoid the impending price increase by taking prompt action and advancing their property purchases with Leptos Estates before August 31 in exotic locations such as Paros, Crete, and Santorini

Mumbai: May 30, 2024: Owning a dream holiday home in Greece as well as a Golden Visa with Permanent Residency, is set to become more expensive for all from August 31, 2024. In September, the Greek government will implement new laws that will double the minimum investment required for global citizens to own real estate in Greece.

Leptos Estates, a prominent real estate and property development firm specializing in residential, commercial and holiday residences including premium apartments and luxury villas in Greece and Cyprus, invites high-net worth individuals and investors from India to act swiftly and make their property investments in Greece before the rules change later this year.

Over the last few years, the popularity and demand for Greece’s Golden Visa Programme launched in 2013, has surged leading the Greek government to reconsider the entry points for real estate investment and Permanent Residency.

As per the new rule regarding Greece’s Golden Visa Program that is expected to be effective on August 31, 2024, there will be two minimum investment slabs for real estate transactions in the country. In Tier I, which comprises popular areas like Attica, Thessaloniki, Mykonos, Santorini, and the islands, the minimum investment is expected to go up to €800,000 from the current €500,000; and in Tier II that covers all other regions of Greece, the entry point will go up to €400,000 from the current €250,000.

“As the deadline approaches, prices are expected to surge, potentially making the dream of owning a Greek home less attainable for Indian investors. We urge high net-worth individuals and investors to grab this unique once-in-a-lifetime opportunity to secure Permanent Residency in Greece while enjoying the chance to make promising returns on their investment at a minimum cost of an affordable €250,000. Once the new rules come into effect, the cost will double, and it will be a great chance missed. We have some aesthetically and sustainably designed, fully functional apartments and villas across Greece and in regions like Paros Crete, and Santorini that would make great homes for global citizens,” said Sanjay Sachdev, Group Marketing Director, Leptos Estates.

Investors can still apply under the current €250,000 minimum threshold if they pay a 10% deposit by Aug 31, 2024, and finalise the investment by December 31, 2024.

Among the several benefits of owning both a home and a Permanent Residency in one of the world's oldest civilisations is visa-free travel within Europe’s Schengen area, high returns from Greece’s booming real estate market, perfect weather through the year and a chance to experience the charming, idyllic Mediterranean culture.

The Residency is applicable to the whole family (married spouse, children under 21 years old, and parents of the main applicant and spouse) with eligibility to apply for citizenship also

Foreign homeowners in Greece are not required to reside in Greece and residence permits can be acquired within 6 months. Owners also have the option to rent out their investment property.

To raise awareness about the new rules coming into effect in September 2024, the Leptos Estates team, led by Sanjay Sachdev, Group Marketing Director, is conducting a series of roadshows in India. The team will be in Mumbai at Trident Hotel, BKC on 1st June, 2024.

About Leptos Estates:

Leptos Estates is a six-decade, family-run, real estate and property development firm that specializes in property sales from residential, commercial and holiday residences including premium apartments and luxury villas in Cyprus and Greece. It is a ‘one-stop-shop’ to handle all your PR needs from start to finish

With verticals like travel/Insurance/Rental/Resales/Maintenance etc

The group has an extensive land bank, owning prime locations in Cyprus and Greece (Athens, Paros, Santorini, and Crete).

Leptos Estates is part of the Leptos Group headquartered in Paphos, Cyprus, that operates businesses in the hospitality, education and healthcare sectors.

The organisation has achieved its success through an international network of sales service in 75 countries, its vast investment in land purchasing and an effective after-sales service support.

[forex-broker-set-up-cyprus]

Selecting a Right Forex Broker: What You Need to Know

Introduction:

Choosing the right Forex broker is not only important but also directly related to the success of trading. Catering to diverse preferences, a huge variety is offered, and settling down on the right item is the ultimate goal. Cyprus ranked 3rd globally in a survey of Forex brokers and it has a favorable regulatory environment. Prepare for discussing what features should be paid attention to while choosing a broker for trading on the Forex broker set up Cyprus.

Regulation: One of those that should be seriously included is the one that is related to the regulation of brokers. They are under the supervision of a high regulatory authority. Regulation forces the brokerage to follow a set of securities standards and rules, which in turn may help you as an online investor.

Trading Platform: The Trading Platform is the Programme that you will use to place trades and Manage all the activities in your account. The broker is not only responsible for providing trading services but also for the platform whether it is intuitive and stable or not. However, you should take a step of exploring various platforms to see which one matches your situation.

Spreads and Fees: In forex trading, you will confront spreads, the variance between the best-asking price and the best offer. Besides, brokers may also charge different fees, including commissions and interest rates for these positions kept for the following night. Find out the sovereign and the commissions offered by the different brokers to select the one with a fair rate.

Customer Support: Professional customer service can be very important, particularly if you start trading recently. If you have queries, search for brokers that have different kinds of support - like phone, email, and live chat. Moreover, it will be beneficial to investigate the standing of the broker for client support by reading reviews or asking other traders for advice.

Educational Resources: Trading forex is complex and therefore you will need to have some educational resources like books or articles to help you in the learning and the improving of your skills. Search for brokers who offer training sessions, online classes, and other educational materials.

Account Types: Some brokers can offer regular trading accounts as well as mini-account options or even virtual money accounts for practicing. Taking into account the type of trading account that will be suitable for your style of trading and the level of your experience.

Deposit and Withdrawal Options: Make sure that you the payment methods they provide and if these have fees or not. You will need to decide on a broker that facilitates the transfer of funds to and from your account, so you can withdraw your initial investment as well as your profits.

Conclusion:

Choosing a legal partner like AGP Law would, once and for all, guarantee that each of your companies meets every regulation and works normally. Using the processes outlined and robust research, traders can make intelligent trades and prosper within the Forex broker set up Cyprus.

[vjcoverseas]

Cyprus Investor Visa

Apply for the Cyprus visa from India for the Cyprus investment program through VJC Overseas and get an opportunity to invests into real estate or in any Cyprus Business or companies and get citizenship for the whole family, their spouse and all financially dependent children under 28 years old. Become a European citizen with the guidance of VJC Overseas through a Cyprus investment programme and apply for a Cyprus visa from India.

[tvgrealtors]

How to get golden visa?

Decide on a nation: Choosing the government for which you desire a golden visa is the first step. Numerous countries, including Portugal, Spain, Greece, Malta, Cyprus, and the United States, provide golden visas.

Examine the prerequisites: After deciding on a nation, you must learn about the procedures for acquiring a golden visa there. These can differ significantly depending on the land, but they might include a required down payment, evidence of financial stability, and a spotless criminal record.

Invest: A golden visa typically necessitates a sizable financial commitment to the local economy. Examples are real estate purchases, company investments, and contributions to charitable organisations. The investment amount can vary significantly depending on the nation and the particular programme.

You must submit your application for the golden visa once you have fulfilled the requirements and completed the investment. Typically, this entails presenting evidence of your eligibility, such as investment proof, financial papers, and a background check.

Waiting for clearance, please: You must wait for the appropriate authorities to assess and approve your application after you submit it. This may require more interviews or requests for documentation, and it can take many months.

How to get a visa If your application is accepted, you will receive a golden visa, which permits you to stay and work in the nation for a set amount of time. The golden visa may provide a route to ultimate citizenship.

[tailorgram41]

Property Available

When buying property in Cyprus

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Several EU and also non-EU high-net-worth people look for to get property in Cyprus with the citizenship-by-investment program or a residency-by-investment application.

When buying property in Cyprus as well as just how to guarantee that property acquisitions move onward efficiently and also efficiently, this update details the leading 10 pitfalls to avoid.

Not designating a property legal representative

Appointing a legal representative who specialises in residential or commercial property is of extremely important value. The most significant blunder that can be made is authorizing a purchase contract offered by a programmer (an all-too-common event). Such contracts are not likely to safeguard the purchaser and are normally greatly prejudiced in the programmer's favour.

Better, purchasers must be wary of attorneys substituting builders or vendors and that are as a result not independent. This is the equivalent to not appointing a legal representative.

A dependable legal representative that excels in the purchaser's language and independent of the other celebrations involved in the deal is the most crucial consideration when purchasing property in Cyprus. A good lawyer makes these prospective risks easier to browse. Simply put, home is a major investment and also ought to not be taken on without engaging a specialised property lawyer.

Ensure that property is exempt of possession dispute

Residential property to be purchased must not be the topic of a possession disagreement, something that is common in divorce process, for instance. Such a scenario can generally be stayed clear of by acquiring home from a reliable developer. Nevertheless, this is not constantly the situation, especially in recent years where designers have become active in assuming an intermediary function for resale properties (usually for residential or commercial properties which they have created and also marketed to clients in the past).

Covert compensations

Concealed compensations negotiated in between a representative or intermediary as well as the vendor (for the most part a developer) are probably one of the most costly pitfall when buying property. Such compensations can range from 5% to 50% or even more. Such expenses can be avoided by involving a reputable lawyer who is readily able to provide prospective clients with the called for recommendations.

Failing to consider all relevant costs

It is important to calculate the value-added tax (VAT) (ie, nil, 5% or 19%), transfer fees, stamp task, lawful charges, dispensations and immovable property taxes that will certainly be applicable for real estate acquisitions as very early as feasible in order to spending plan accordingly.

BARREL is often misinterpreted and also misrepresented by programmers and also consultants in Cyprus. Residential property buyers who have made uniformed VAT elections commonly find themselves either unable to handle their properties as they want or dealing with substantial BARREL liabilities.

Turning over appointment fee without written reservation terms

If a buyer is asked to pay an appointment charge to a programmer, it ought to make certain that something is put down in creating, preferably by an assigned legal representative, to confirm:

how much was paid;

the circumstances in which a refund will be paid; and also

the full acquisition price for the residential property, which might be minimized in some situations.

Authorizing agreement of sale without taking on due persistance

While attorneys are not required to conduct due diligence immediately, such as a home mortgage check, an excellent legal representative needs to do this as a matter of course.

In 2011 the federal government presented a details performance regulation to supply an agreement of sale precedence over any pre-existing home loan; however, a check needs to be taken on to analyze whether any type of home mortgages have actually been placed on the land prior to acquisition to prevent potential problems in the future. A contract of sale can not be appropriately created without taking into consideration the results of these searches.

Even more, buyers are advised not to count on programmers to conduct due persistance even if they supply official extracts from the Land Computer registry and also other government divisions.

Failing to place everything in composing

Buyers are advised to ensure that all factors bargained are set out in the contract of sale, especially any agreed additionals. This consists of a supply of any necessary repair services or damages.

Failure to down payment contract of sale

A contract of sale should be deposited with the Land Registry within the duration specified by regulation. If this is not done, the buyer will lose crucial legal civil liberties. Even more, a contract of sale need to be marked within the timeframe specified by law, otherwise the buyer will certainly be reliant pay fines.

Failing to concentrate on material contracts attached to property

Several high-end villas as well as homes will certainly call for a property monitoring agreement to be performed, a service that is generally offered by designers. This is a material contract and the needed focus need to be provided to recognizing all problems as well as terms to make certain that the purchaser's residential or commercial property is kept and also secure during any kind of absences from Cyprus.

Failing to make a will

The Cyprus Law controls all unmovable residential property situated in Cyprus, that includes an aspect of forced heirship. Nevertheless, particular groups of international purchasers are qualified to bypass these regulations and also make a will to pass down the home as they want. Buyers ought to draft a will as soon as property is acquired in Cyprus.

A dependable legal representative that is proficient in the purchaser's language as well as independent of the various other events entailed in the transaction is the most crucial consideration when buying property in Cyprus. In https://ilisters.cy/flats-for-sale-in-paphos/ , home is a major investment and must not be carried out without engaging a specialised residential property attorney.

Covert compensations worked out in between an agent or intermediary and the supplier (in a lot of instances a developer) are probably the most pricey mistake when purchasing residential or commercial property. The Cyprus Regulation regulates all unmovable building situated in Cyprus, which includes an aspect of forced heirship. Buyers must prepare a will as soon as residential property is acquired in Cyprus.

[digitalmarketing3452]

Overview of Outsourcing Programmers

Cyprus website design and Cyprus SEO go hand in hand.  If you are going to take the time to invest in a proper website, you certainly need to get your design made to rank and be found.  As an SEO agency, we have worked with companies to get the clients they deserve. 

Website design Cyprus is one the fastest way to grow your business.  If you are not online, you are for sure losing business.   We offer digital marketing for businesses located all over the world, however, we are located in Cyprus.  Cyprus business will certainly benefit from having a properly optimized website design.  By this, we mean a website that is perfectly optimized to rank and be found in search engines.  As an SEO agency, we offer perfectly optimized designs that will rank and bring your clients, phone calls, and customers.  We not only build beautiful designs that rank but also offer other services as well.  If you are not large enough to have your own it team but find yourself needing some help every month, then we might be a great fit for you as well.  Our website designers are also very tech-savvy and have worked on computers and infostructure of all types.  We are not simply a couple of guys but a team of specialists that have studied SEO, website design, online digital marketing, computer infrastructure, and offer outsourcing programmers here in Cyprus. 

Our team of experts is dedicated to giving you a beautiful website design that will work for your needs.  Not all designs function in the same manner.  We offer e-commerce website design, that offers inventory management, shipping, tracking, payment processing.  Website design Cyprus for restaurants is good for getting more orders for take out and it is fast and convenient for your customers.  Digital marketing for service providers offers a website that goes to another level by offer SEO services in Cyprus.  Cyprus SEO takes your website to the next level.  We offer web development that will even get in there and do those tougher projects that you are not sure about.  We work with large and small companies to get them what they need to succeed.  It is our job to inform you of how your project is going with weekly project reports.   

Do you have a business that needs more business?  As crazy as it sounds there are businesses out there that don't really want more business. However, if you are looking to expand then you need to invest into some solid online marketing.  This not only is for your brand and peace of mind but it is for your future. We work with people that are looking to improve the customer flow.  Get some leads in their funnel and really take charge of the marketing.  We also have a technical side of things that will deal with the infrastructure of the websites and how they are all set up. 

Websites are not just built to be pretty.  They are also build to hand payment processing, shipping, tracking, inventory management and so much more.  There are restaurant websites that you can have clients order online and fill out everything they want on their sandwich or pizza, right down to the special requests.  This allows people to order food on the go and you'll have it ready for them at their desired time.  Lunch rush will be more pre-ordered and planned to allow you to meet your clients' time expectations and allow them to enjoy their lunch a little longer.

Digital marketing is for those that are trying to sell a particular good or service.  It could be a local dentist or a person selling books or CDs.  There are all kinds of physical products that can be sold online and more and more people are doing it.  Many more people are buying online than ever before.  we work with businesses to capture those people with our digital marketing Cyprus efforts.  

We are here for you, to help you with just about anything digital.  You simply just need to reach out to us.

[carranzaantonio40-blog]

Italy: Moving To Italy - The Resident Non-Domiciled Tax Regime

During 2017 the Italian Government introduced a new tax regime: The Resident Non-Domiciled Tax Regime (also known as the "Flat Tax Regime"), with the aim of attracting high net worth individuals who want to relocate to Italy.

The new legislation introduced a key change to the general principle of worldwide taxation for Italian tax residents. According to these provisions an individual who meets certain conditions can be considered resident, but non-domiciled, in Italy. This allows them to pay ordinary tax on income generated in Italy and a single, lump sum payment of €100,000 per annum, to cover tax due on non-Italian income. This is irrespective of the type, or source, of international income.

The Resident non dom rules cyprus

The Resident Non-Domiciled Tax Regime is available to individuals who:

Transfer their tax residence to Italy (the maximum time that this favourable tax regime can be enjoyed is 15 years and it can be revoked at any time by the taxpayer).

Have not been tax resident in Italy for 9 of the previous 10 years, preceding their application to this tax regime.

Obtain formal approval from the Italian Tax Authorities.

Benefits of the Flat Tax Regime

On receipt of non-domiciled status, taxpayers will be liable to progressive tax rates on Italian-source income. A lump sum tax payment of €100,000 per year will be due on income from foreign investments, foreign financial assets and any other foreign source income, for a maximum of 15 years.

Individuals can exclude pre-determined income from certain countries, the so called "cherry picking" principle, if beneficial for the client (for example if tax credits are due), and this income will be subject to ordinary Italian taxation. Any income sourced in the "non-chosen countries" is excluded from the Flat Tax Regime (as well as any Italian sourced income) and is therefore subject to ordinary Italian taxation of up to 45%.

Foreign assets and income can be remitted any time and will not trigger income tax in Italy.

The annual lump sum tax payment replaces the need to pay income tax, local taxes and wealth taxes. Taxpayers also become exempt from certain tax and financial monitoring obligations. The Italian Controlled Foreign Companies (CFC) regime does not apply to non-Italian participations held by the individual and no tax credit is granted for any tax paid abroad.

Capital gains from the disposal of qualifying shareholdings is excluded from the Flat Tax Regime, if the capital gain is realised in the first 5 years following application to this regime. In these circumstances, ordinary Italian taxation will apply.

Another significant benefit is that the Flat Tax Regime allows a full exemption from inheritance and gift taxes on all foreign situs assets held by individuals, who have elected to use this special regime. This is relevant for the years that the individual takes advantage of the regime.

The regime can be extended to family members for an additional €25,000 per person, per annum. Family members are defined very broadly and are not limited to a spouse and children.

Who Can Move to Italy?

The Flat Tax Regime is available to EU and non-EU nationals.

EU, EEA and Swiss nationals do not need a visa to visit Italy and do not need immigration permission to take up residence in Italy. They will, however, need to register themselves, and their family members, with the Italian Tax Authorities in order to obtain a tax registration number.

Non-EU nationals need a valid travel document to travel to Italy, and in certain circumstances, a Schengen Visa is also required. They will then need to make an application to the Italian Investor Visa Programme.

The Italian Investor Visa Programme

The Italian Government introduced an Investor Visa Programme in 2017 for non-EU citizens who wish to become resident in Italy. Applicants must invest in one of the following:

A minimum investment of €2 million in Italian Government bonds, to be held for a period of at least 2 years; OR

Invest a minimum €1million in equity instruments in a company that is operating, or located in Italy; OR

Invest a minimum of €500,000 in a start-up company; OR

Invest a minimum €1million in philanthropic funding, supporting projects in the sectors of: culture, education, immigration, scientific research, and/or the recovery of cultural assets and landscapes.

Successful applicants will receive a 2 year residence permit, with the option of a 3 year extension. Family members are also able to apply.

Italy does not have a Citizenship by Investment scheme, however successful residency applicants can obtain citizenship and an Italian passport, after living and working in Italy for 10 years.

Additional Information

Dixcart offers advice and assistance to individuals and families seeking to relocate to Italy. Dixcart services include:

Staff who can provide detailed information about the country, lifestyle and tax advantages that are available.

Assistance in organising visits to Italy.

Advice regarding efficient structuring of worldwide assets.

A comprehensive range of individual and professional commercial services once relocation has taken place.

[maritimecyprus]

(http://www.MaritimeCyprus.com) STEAM (Sea Traffic Management in the Eastern Mediterranean) is a three-year project that has started in Jan. 2019 with a budget of approximately one million EUR. The project (INTEGRATED/0916/0063) is co-financed by the European Regional Development Fund and the Republic of Cyprus through the Research Promotion Foundation.

The primary goal of STEAM is to develop the Port of Limassol to become a worldclass transshipment and information hub adopting modern digital technologies brought to the maritime sector, as well as a driver for short sea shipping in the Eastern Mediterranean.

Towards this end, the ports of Cyprus, and especially the Port of Limassol will have a vital role to play due to its strategic location, as an information hub, exchanging information with both nearby ports and ships in the Eastern Mediterranean area for optimizing the ships’ routes, expanding the planning horizon for port operations, and avoiding possible dangers.

The geographical location of Cyprus encourages the use of Cyprus ports as transshipment hubs for short sea shipping. In the STEAM project, the implementation of the STM concept will be significantly extended and enhanced by the successful testbed conducted at the Port of Limassol through the further development of Port CDM, which will enable real-time situation awareness to all participants involved in maritime activities in the ports of Cyprus.

Moreover, the Port of Limassol will be modernized with innovative technological solutions and advanced data analytics providing new decision-support tools and services for maritime stakeholders.

Consortium Partners

Cyprus University of Technology (CUT)

CUT is an established public university, founded by law on December 2003, and one of three state universities in Cyprus. CUT is a dynamic university with six leading schools/faculties and 10 academic departments, able to offer education and high-level research, in primary branches of science and applied technology, at Undergraduate and Postgraduate levels. According to the Times Higher Education World University Rankings, CUT is the youngest university in the list of top universities in Europe; an achievement that highlights the emerging, dynamic, and innovative nature of CUT. Website: https://www.cut.ac.cy/

Research Institutes of Sweden (RISE)

RISE is Sweden’s research institute and innovation partner. Through its international collaboration programmes with industry, academia and the public sector, RISE ensures the competitiveness of the Swedish business community on an international level and contribute to a sustainable society. RISE is an independent, State-owned research institute, which offers unique expertise and over 100 testbeds and demonstration environments for future-proof technologies, products, and services. Website: https://www.viktoria.se/ 

Cyprus Port Authority (CPA)

CPA is a semi-autonomous government agency that is responsible for the supervision and oversight of the ports and port facilities of Cyprus. CPA is the competent entity as an administrator to operate, manage, develop the ports, facilitate the international shipping and issue the licenses of pilotage. In its public power role, CPA is the owner of the ports and lighthouses as well as the regulator of port services rendered. Website: https://www.cpa.gov.cy/

Cyprus Shipping Association (CSA)

CSA was established in 1945 to provide a professional forum for the Shipping Agents of Cyprus. CSA has the following key aims: the provision of high quality services by the Shipping Agent, the protection of the professional rights of its members and the promotion of their common business interests, the prosperity and growth of Cyprus as a maritime centre and a transhipment hub, and promoting improvements in the ports of Cyprus and in the laws affecting the profession as well as the shipping and port industry of the island. Website: http://www.csa-cy.org/

Tototheo Trading Ltd. (TOTOTHEO)

TOTOTHEO specializes in maritime technologies and services with the goal of optimizing vessel and fleet performance. TOTOTHEO’s services include innovative, efficient and functional solutions in the fields of satellite communication, navigation systems, and digitalization services. TOTOTHEO offers its products and services to ship operators within merchant shipping, the offshore, yachting as well as the fishing industries and also caters for government and land communication users with mobile and fixed solutions. Furthermore, TOTOTHEO is investing in research and development, providing fit-for-purpose solutions. Website: https://www.tototheo.com/

A.T. DeLevant Business Solutions Ltd. (DELEVANT)

DELEVANT is a company registered in Cyprus founded in 2008. It provides solutions and services that utilize mathematical modeling and machine learning on top of a business intelligence platform to support better operational and business decisions. DELEVANT’s clients currently utilize these solutions in their Financial Budgeting, Sales Forecasting and Operations & Inventory Planning processes. DELEVANT works with a local and international clientele and develops solutions based on either 3rd party software or through DELEVANT’s own product suite, ForeSight TEAM. DELEVANT is a Silver Microsoft Partner and both its product suite and business intelligence services are based on the Microsoft Business Intelligence platform. Website: http://www.delevant.com/

Cyprus Subsea Consulting and Services Ltd (CSCS)

CSCS is concerned with the safe and efficient management of the deep and coastal seas of the Mediterranean. Main interests of the company lie in high-quality measurements, analysis, and models of oceanographic phenomena, in near real time and baseline environmental and impact assessments of marine ecosystems. They have expertise in supporting subsea infrastructure by the operation and maintenance for a range of sensors and observing platforms as well as bespoke ship- and satellite-based observing-systems. Website: https://cyprus-subsea.com/

2019 has been a very productive first year for the STEAM project with some important developments and publications, many of which you will have the chance to read about in the below newsletter.

      Cyprus STEAM project (Sea Traffic Management in the Eastern Mediterranean) (www.MaritimeCyprus.com) STEAM (Sea Traffic Management in the Eastern Mediterranean) is a three-year project that has started in Jan.