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If you gain a second citizenship and passport to Cyprus, before you pack your bags, here are some things you should know about living in the country.
Purchasing property


If you are an EU national you will have home ownership. When it comes to non-EU nationals, there are some conditions you need to follow, for instance, you are eligible to purchase one property. If you plan to take out a loan to buy the property, you can contact the commercial bank to discuss information on how to obtain the loan. You will have to make a deposit of the purchasing price, as well as transfer fees and stamp duty.


Renting


There’s plenty of property available for rent, whether it is short or long-term. Rented property comes with heating and air conditioning but is usually not furnished. Rental contracts are usually signed from 1 to 2 years and can be renewed depending on the availability and so on. The deposit will be returned upon completing the contract and cost of all utilities are paid by the tenant.


Banking


The Central Bank of Cyprus is the primary banking system in the country. You can open a bank account for which you will be required to present your passport or identity card, confirmation of employment, proof of address and work permit or your Cyprus residence visa. Banking hours are from 8.30 to 1.20, however, ATMs function 24 hours allowing you to make withdrawals at any time.


Transport


You will drive on the left side of the road. The minimum driving age is 17 years and driving regulations are set by the European Union standards. Speed limit in residential areas is 50km/hr., rural areas is 80km/hr. and on the highway it can go up to 100km/hr. Certain international driving licenses are valid in Cyprus, however, if you’ve lived in the country for more than six months you are eligible to apply for a local driving license.


Lifestyle


Private offices will open at 8 am and close by 5 pm. Government offices are open from Monday to Friday until mid-afternoon. Supermarkets and stores are open from Monday to Sunday between 9 am and 7 pm. 


The legal age for drinking is 17 years.


Education


The official language is Greek which is commonly used in public schools, however, the private schools use English as their main language. Students can get a free education at public schools but private schools require that students sit for an entrance exam.


Healthcare


Healthcare is free and is accessible across the Island. Some individuals may be eligible for subsidized healthcare or a medical card. Public healthcare is available in towns and villages.

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The twin-island state of Antigua and Barbuda is also called the ‘gem of the Caribbean’ and is soon becoming the popular choice for a second citizenship.


Antigua and Barbuda has become extremely popular with investors due to the transparent nature of its second citizenship application process, the quality of real estate available and the natural beauty it offers.


Foreign investment has contributed to the rapid development of the economy, resulting in Antigua and Barbuda having one of the highest GDPs per capita in the sub-region.


Bayat Legal Services helps make your second citizenship a quick, hassle free and life changing experience for you and your family.


Investment programmes afford families better security, access to quality education, a better quality of life, stability and diversification of wealth. Incase of unrest in the home country, a second citizenship holder can seek refuge in another country and have better investment and growth opportunities as well.


Despite being relatively new, the Antigua and Barbuda Citizenship by Investment Programme has become very popular amongst investors due to its straightforward and transparent application process, quick turnaround and the real estate opportunities in Antigua and Barbuda.


Adding to its fame, since August last year, a reduction in processing fees has given the programme, giving it an additional competitive edge. Very recently, Antigua and Barbuda was ranked number one in the region and number four in the world by citizenship experts Henley & Partners on account of its culture of efficiency, robust due diligence process, transparency and accountability.


Want to live in the gem of the Caribbean? Call our experts at Bayat Group Today!

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St. Kitts and Nevis was the first country to offer citizenship by investment program in 1984 opening the doors to other countries to also provide the same opportunities by making it easy for high-net worth individuals to travel for business and pleasure. A new fund was recently launched by St. Kitts and Nevis referred to as the Sustainable Growth Fund. The main purpose of the fund is to boost investment for prospering countries of the Caribbean.

The citizenship by investment program by St. Kitts and Nevis is often considered the gold standard and the front-runner in the industry. The program is known for its strict vetting procedures. The Sustainable Growth Fund is more affordable than any of the previous funds put forth by the government.

The cost to join the fund for a single applicant is USD 150,000 and for a family of four is at USD 195,000. Dr. Timothy Harris the Honorable Prime Minister of St. Kitts and Nevis made a statement to say that the fund will benefit every resident and citizen of the nation because it has an attractive and sustainable pricing. He went on to further discuss the mobility benefits and second citizenship that can be gained through the new program.

St. Kitts and Nevis signed a historic visa waiver agreement recently with countries such as Russia, Indonesia and India. This allows citizens of the nation to be eligible to travel to more than 140 countries visa free including the United Kingdom, the Netherlands and Italy.

The government believes that the new fund is an attractive option for new applicants. The fund not only focuses on sustaining development for the country but also giving back something to the citizens. It functions to enhance the quality of life for residents and citizens living on the Islands.

The new fund will contribute towards education, healthcare, tourism, infrastructure, culture and alternative energy. The fund was put into operation from the 2nd of April, 2018.

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Immigration is not just about relocating with your family to a new country; it can also be relevant to your business in terms of a small startup or large corporation. For businesses that want to expand overseas, immigration bridges the gap and makes a positive impact in an otherwise competitive world.

There are numerous benefits to hiring a business immigration service provider for your company if your goal is to take your business to different parts of the world. Immigration allows for international expansion and provides businesses with opportunities of taking their company to the next level.

One way of expanding your business is to bring in talent from other countries. If you want to establish your reputation in specialized fields you need top experts and the best people. Getting a fresh perspective will help you reach diverse pockets of audiences even outside of your demographic.

As much as bringing in new talent is exciting so is expanding your business overseas. You may want to open a new office in another country or merge with an existing company. This will help expand your goals build a global following and reach consumers far and wide.

When your business is competing in the international market, it has more opportunity to rise in the ranks. You have the chance of finding a global audience and increase brand recognition in the international arena. You may even attract global investors that can make your company a household name and all this is possible once you go in for any of the citizenship by investment programs.

There’s one negative element to expanding overseas and that is the complex and lengthy immigration laws. Whether you want new people to join your company or take your business to a new location, you have to go through immigration. Now, not every business owner has the time or resources to handle complex immigration issues. Understandably you may need some help to make the process easier and quicker and Bayat Group, with their expertise and knowledge on the subject provide you with just that.

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If you are an entrepreneur, imagine the frustration and hassle you have to go through each time you want to travel overseas on a business visit? Wouldn’t you just love if you can purchase the ticket today and fly tomorrow, meet with your investors, discuss expansion over dinner and fly back soon thereafter? But, like every other time you have to apply for a visa and face a formal interview which is stressful for any entrepreneur considering you have so much on your to-do list.

If you are a high-net business person you can actually do something about your current situation. Citizenship by Investment was first launched in 1984 by St. Kitts and Nevis and it was based on a simple idea. You would be awarded citizenship and a second passport in return for economic investment. Many nations followed suit with countries in the Caribbean, Central America and the European Union like Germany, Austria and Belgium and even Cyprus and Malta providing individuals and families excellent citizenship packages.

If you are a high-net worth and ambitious entrepreneur but your current passport is severely limited and you need to obtain a visa when traveling to most countries, the dual passport will lift this burden. You will gain access, especially on an EU passport to over 100 plus countries visa-free. You can literally pack your bags overnight and fly the next morning and still make it on time for that important business lunch.

The citizenship by investment program opens up a new market for potential customers and revenue. At the same time you are eligible for tax breaks. If you work hard to earn a lot of money, why wouldn’t you want to keep it? Many countries offering citizenship by investment programs also provide generous tax benefits. By setting up your business in a new country you are also saving a lot of money.

If you choose to gain citizenship by investment in a new location, you can not only work but also vacation there. This is what it means to mix business and pleasure. You get to work but you also get to relax at the same time.

This takes you to the most vital step. How do you apply for a citizenship and second passport? You know it will make your life easier and grow your business. What you need is immense expertise and experience of a business consultant in Dubai to help you achieve your goal of relocating to a second country successfully.

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Second citizenship
allows you to literally discover the world. For instance, a passport issued in Malta or Cyprus makes it possible for you to visit all the EU countries freely and live there. If you are a citizen of one of the Caribbean countries, you can also visit the EU countries, Singapore, Hong Kong without a visa and you have a simplified procedure for obtaining a visa to the USA.


Becoming a global citizen not only expands your horizons in terms of investment opportunities, healthcare and education but also helps improve the quality of life in general. So you and your family have a secured future.


Bayat Group offers you multiple country programmes to choose from and walks you through the whole process of obtaining your second citizenship. So plan your future today! Become a Global Citizen with Bayat Legal Services.


The idea with a second passport is that no government should have the sole power over your life or your assets. Which is usually what happens to people with just one citizenship. Incase of economic instability or turmoil, people are usually left to the mercy of the government with nowhere else to turn to. With a second citizenship through investment you can not only secure your assets but provide a safety net for your loved ones.


There are numerous advantages connected with taxation systems as well and risks could be mitigated with a second citizenship. You may well consider obtaining a second citizenship and passport in case you experiencing challenges such as high groundless taxes imposed by your country or tight currency codes, restriction on work or investment.


A second citizenship will not only relieve you of these problems but will do so without informing your native country about the second citizenship and in this modern world of instability and unrest, it is essential to take safety measures for you and your family and our citizenship by investment programmes will help you do just that.

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