While the Caribbean and Central America citizenship by investment programs tend to market themselves as the cheapest, they are often not. In the long run, the Cyprus Economic Citizenship Program may provide the best value. In 2016, real estate prices in Cyprus sunk to a 30-year low, resulting in a great deal for investors who bought during this time. Since then, some of these investors have taken advantage of the situation and have sold their property for a profit.
The Covid system has made CBI affordable and convenient and has improved the quality of verification
The Caribbean, the cradle of citizenship by investment, has made sweeping changes to their programs and legislation. In particular, the Covid system has made CBI affordable and convenient, and it has improved the vetting standards. The lack of personal visits has also reduced the cost of a CBI program this year. With Covid, it was virtually impossible for a foreign investor to visit the country personally.
While real estate investments can be costly and time-consuming, they can qualify for a passport and a permanent resident card. Unfortunately, many people don’t want to purchase a property in another country because of the high cost and the difficulty in selling it after five years. Luckily, citizenship by investment programs in these countries are becoming cheaper than ever. In the following article, we’ll go over the different citizenship by investment programs and explain why they’re a great option for you.