Why it is a good move to choose one of the residence programs in Cyprus?

Cyprus is a fabulous place to reside, with a warm and steady climate, and located in a feasible geographical position in the eastern Mediterranean. And with several residence programs in Cyprus, it is definitely not a big job.

In accordance with the Cyprus Government’s objective to boost foreign investment, and to boost its economic growth, Regulation 6(2) of the Aliens and Immigration Regulations has lately been abridged by the Ministry of Interior in a bid to issue Residence Permits to applicants from non-European countries, given that the following requirements are fulfilled:

1. The basic requirement is the acquisition of new fixed property of a total market value of a minimum EUR 300,000 along with VAT. The applicant must give the application form along with a contract of sale and proof of payment of at least EUR 200,000 plus VAT. The contract of sale must have been given to the Cyprus Department of Land and Surveys. The property can also be purchased by a firm provided that the company is licensed in the name of the applicant or the applicant and spouse, and they are only shareholders.

2. The applicant must furnish a confirmation letter from a Cyprus bank that they have placed a minimum capital of EUR 30,000 from foreign country into an account which will remain inaccessible for three years. Once the expiration period is over, the money will be unconfined without any clause.

3. The applicant must give necessary evidence of a secured annual income of at least EUR 30,000 coming from another country. This income must boost by EUR 5,000 for every extra child and EUR 8,000 for each reliant parent. This income can be inclusive of salaries from employment, rents, pensions, and dividends from shares, etc.

To register for these residence programs in Cyprus, an amount of EUR 500 is billed with the submission of the application and EUR 50 extra for the biometric catching.  The application will then be inspected by the Civil Registry and Migration Department and will be forwarded to a permanent secretary of the Ministry of Interior for the final outcome within two months. Once approval has been given, the applicant and all the members of the family must visit Cyprus within one year to fetch the actual permit.

 When in Cyprus, a visit is scheduled to the migration office in Nicosia in a bid to capture the biometric data for all family members who choose to apply.  The biometric data can be succumbed either with the submission of the application for residence, during the application process, or right after approval.

Advantages of residence programs in Cyprus

·         Fast track application process, within a period of two months

·         Great approval rate if all criteria is met

·         It is not mandatory to live in Cyprus but a visit once every two years is needed

·         Dependents can be registered in superior quality private schools, offering English language courses

·         Residence smears to the entire family (applicant, spouse and children under 18 years old)

·         Dependent children between 18-25 and parents of the applicant are also qualified

·         The entire process can be organized without being present in the nation, only, a visit is required for biometric process

Now get St. Lucia citizenship by investment and enjoy freedom of mobility.

St. Lucia’s Citizenship by Investment Program (CIP) became effective in December of 2015, in an exertion to introduce new citizens to the country by presenting investment opportunities. The Eastern Caribbean island country is mainly known for its beautiful views and attractive tropical weather, which makes it an extremely popular second home or retirement endpoint for the upper middle classes of Europe and North America. St. Lucia citizenship by investment is meant to help those with such objectives towards the path to citizenship.

There are various option to contribute to lengthy stays in St. Lucia without actually applying for citizenship, but for those who want to find out citizenship in a matter of about three months’ time, the St. Lucia citizenship by investment  programs are the best option. It’s a simple, forthright process, and three months isn’t too much of a waiting period at all.

To begin with

The initial step to getting tangled with this program is to direct an application to St. Lucia’s Citizen by Investment Unit (CIU). The impression behind the CIP is to appeal high-worth individuals who also have a clear background – so upon applying, those looking for citizenship must need to undergo a background check.

The minimum qualifying investment must be made in the system of any of the approved vehicles below:

·         Government Bonds

·         Real Estate Projects

·         A National Economic Fund

·         Enterprise Projects

After the approval of the application will the investment required to be made, therefore there won’t be any need to invest before you know if you’re eligible for the program.

Government Bonds

The terms around succeeding for the citizenship via government bond investments need that the applicant buys five-year, non-interest-bearing bonds. These bonds need to get registered in your (the applicant’s) name for the period of time of the investment timeline. The bond value is repaid after the length of the investment expires – thus, after five years.

St. Lucia’s government bonds need to be registered in the non-public register of the National Savings and Development Bonds Register. Minimum qualifying amounts for this investment option are as follows:

Single applicant: $500,000 USD

Applicant with spouse: $535,000 USD

Applicant plus spouse and two other dependents: $550,000 USD

Each additional: $25,000

Real Estate Projects

Certified real estate projects don’t comprise your usual real estate investment, such as rental properties. For St. Lucia’s CIP, projects that would qualify you for citizenship would be more along the lines of high-end branded hotels, resorts, and high-end boutiques.

At present, there are several such projects under appraisal to regulate whether they would qualify. When picking this type of investment vehicle, it is better to contact a CIP representative to get further details on such real estate options.

The smallest qualifying amount for the permitted real estate project is $300,000 USD for a single applicant. This amount does not contain the acquisition price of the real estate property itself. That will be in totaling to this investment.

How to make the most of immigration Investors Program in St. Lucia.

If managed appropriately, it is conceivable to organize obtaining Caribbean citizenship in an express time and without extra requests from the government. And it is found to work, even if you are not working at the moment and you don’t have any permanent income source.

St. Lucia is a place that has a well-positioned immigration Investors Program in St. Lucia that is meant to allow high worthy foreign nationals get permanent citizenship in the region. St. Lucia’s second passport is the most awesome because the price is low in comparison to St. Kitts, the travel value is more, and there is an option of investing in a government bond and obtaining your principal back. There’s no second passport program in the Caribbean that can contest with St. Lucia on value in 2018.

There are primarily two reasons individuals buy a second passport from immigration Investors Program in St. Lucia. First, Americans are searching for a second passport so they can give up their US citizenship and stop depositing taxes to the IRS. Second, citizens of countries such as China and Japan are looking for a passport that awards them better visa free travel options. St. Lucia takes into account both of these requirements.

St. Lucia is a small island that is placed towards the center of the Caribbean Sea, south of Martinique and north of St. Vincent and the Grenadines. The country can be effortlessly located on a map as its shape is very much like that of an avocado or mango.]

In St. Lucía, the natural beauty and wildlife is in abundance. Its beaches are ideal for water sports such as windsurfing, water surfing, kayaking,etc. They are also perfect for diving and snorkeling in order to appreciate corals, sea turtles, whales and seahorses.

The island has one of the least populations worldwide with almost 178,015 citizens of St. Lucia. This number has been swelling in the last few years as a large number of American retirees have chosen to avail citizenship of the island.

St. Lucia is a parliamentary consensus with Queen Elizabeth II as Head of State, and its authorized system has its derivation in both common law and English civil law. The official language of the country is English, although there is also a lot of Creole French (a dialect that’s unique to the island). The economy of St. Lucia is determined mostly by tourism and global financial services.

In contrast to many countries around the world it’s impartially easy to gain a second passport in St. Lucia. The country’s stress-free immigration laws and the want for foreign investment make this island a anchorage for high net worth individual who carry the cash for a second passport.

The St. Lucia Investment Citizenship Program is the Caribbean’s most current citizenship program, with alterations effective as of January 1, 2016. The Program permits applicants, their spouse, their children, and their parents to apply for citizenship. The Program is restricted to 500 applications per year.

Get to know the latest criteria for obtaining Cyprus citizenship by investment.

Over the past few years, Cyprus has emerged out as a well-acclaimed international financial and investment center due to its operative legal system, the low-slung rates on company tax, the effectual administration system and decidedly skilled workforce.

Considering all these pointers, Cyprus has put down rules in its citizenship laws to enable the granting of Cypriot citizenship to people who choose to invest in Cyprus, which by importance makes such investors citizens of the European Union and permits them to reside permanently in Cyprus, or even in any other EU member state of their choice.

In general, citizenship is given after the fulfilment of a number of criteria vis-à-vis the length of one's stay in a country. Nonetheless, Article 111A of the Population Archive Law 141(I)/2002 exactly delivers that in relation to foreign investors and businessmen, Cyprus citizenship by investment may be given even if the mainstream criteria are not fulfilled, but rather on alternative criteria that may be defined by the Council of Ministers of the Republic through a Regulatory Act.

The Council of Ministers of the Republic has delivered such Regulatory Acts over the years, with the most recent being the Regulatory Act dated 13/09/2016 (hereinafter "the Regulatory Act") which reviews the "citizenship by investment" criteria and also includes members of the businessman's or investor's families in the scheme of citizenship granting. This Regulatory Act will come into action on the 31st of October, 2016.

Before applying for Cyprus citizenship by investment, one must need to fulfil the following criteria:

·         They must have a pure criminal record;

·         They must have a permanent private residence in Cyprus of value of €500,000 excluding VAT;

·         The applicant must possess a permit to reside in the Republic at the time of their application for citizenship.

An investor may avail citizenship, after submitting an application to the Ministry of Interior and if any one of below criteria is met:

1. First Criterion

The applicant should need to make an investment of a minimum of €2 million for the purchase or building of fixed property or the development of new projects in the residential, commercial, tourism or infrastructure domain.

2. Second Criterion

The applicant must have bought, set up or invested in firms or businesses with their establishment in the Republic of Cyprus and that investment must be of a minimum of €2 million. Such financed capital must be directed for the funding of investment objectives of such companies/businesses exclusively in

3. Third Criterion

They applicant may need to invest in Alternative Investment Funds (AIF) or financial possessions of Cyprus businesses or entities that are approved by the Cyprus Securities and Exchange Commission (hereinafter "CySec").

In the case of AIFs the applicant must have purchased units of a value of €2 million in AIFs controlled in Cyprus by the CySec and of which the investments are showed solely in Cyprus. Such investments must be kept on for a minimum time period of three years, the auditor of the AIFs that succeed this particular citizenship granting scheme shall inform the Ministries of Interior and Finance on an annual basis.

Citizenship Programs in Grenada – A lucrative option for foreign investors.

Grenada is providing foreign investors a wonderful opportunity to seek benefit from a second passport through its citizenship by investment programs.

In today’s era of rising uncertainty, a large number of heavy worth individuals are looking to become global citizens by getting a second, or even third, passport. Personal security is a major instigator, with many wanting an exit strategy to defend themselves and their families from political and economic unpredictability, as well as destructive wealth seizure and taxation. For a few of them, it is the most effective form of life insurance. A majority of global businesspeople also require a second passport or citizenship so they can relish greater visa-free travel than permissible by a single passport. From a tax and investment viewpoint, there are also several reasons for obtaining a second citizenship or residency.

Inviting investors

In low-size countries, Citizenship by Investment (CBI) programmes are a valuable way to entice money in order to progress social and tourism infrastructure. In 2013, Grenada tossed its citizenship by investment programme, and by the beginning of 2015 the Grenadian Government had accepted several projects while receiving a steady flow of applicants. In the year 2016, the CBI enterprise sustained to advance traction in the international market, and Grenada now has one of the world’s top rated CBI programmes.

When investing funds in a second citizenship, people wish to ensure their investment is protected and that they can obtain a return on their money with interest. With the increasing tourism all across the globe, investing in resorts and hotels can be a great use of assets. There are many resorts in Grenada that offer investors the opportunity to buy a condominium with a freehold title that takes part in a rental pool programme. With one of the world’s most wanted CBI programmes, Grenadian citizenship grants substantial assistances.

Citizenship Programs in Grenada are normally ranked by the standard of visa-free travel permitted by the country’s passport, the charge of the programme, the superiority of connected investments, the due diligence conducted to certify the long-term veracity of the citizenship and the processing time for approval. Based on these issues, Grenada’s CBI programme reliably ranks as one of the world’s most required. This has aided push Grenada’s citizenship programme to the top of the global rankings table, and it is enticing an inordinate deal of international attention.

The programme permits individuals and their families to get citizenship and gain the right to residency in Grenada. Applicants should apply through licensed managers and can choose to make either a $200,000 non-refundable donation to the National Transformation Fund, or buy government-approved real estate for a least investment of $350,000.

Applying for citizenship programs in Grenada is modest and easy. There is no bodily residency requirement, no need to visit Grenada during the application procedure, and no education or management knowledge is essential. Also, it only takes about 90 working days to practice the application, and it is the only CBI programme where your passport is dispensed as part of the process. Processing fees are also negligible.

How commercial law affects businesses?

In the existing business world, firms are portraying a pivotal role in every aspect of life. The standard of living, one’s lifestyle are ascertained by business, along with education and even cultural customary. Therefore, to head for an improved life, it is necessary to understand business and learn a business. Managing both predictable and changeable events can be a lot feasible, more efficient, and less disturbing if you possess great know-how of business. Among various things, the first step is to learn the role of commercial law in today’s world.

These laws safeguard consumers and also reserve competition among businesses. Businesses that do not comply with any of the business laws are meant to encounter fines or penalties.

Laws are primarily rendered through three big sources:

Common Law:

Is understood when a law is devised through the court decisions by judges. It’s primarily based on custom, practice and court rulings of early England (Bushman 2007).

Statutory Law:

A law developed by parliament, constitution, law commission or agreement is known as statue. Most laws created nowadays are statues. A statutory law is comprised by multiple legislative endorsed bodies. For a law to be constitutional it must be shown in a particular way. However, courts often must interpret a law’s meaning (Miller 2000). Statues getting changes is sometimes due to the decision by the court.

Administrative Law:

Laws related to the powers and activities of the executive branch of the government, its organizations, their associations with each other, citizens and the non-governmental elements. The objective of administrative law is to enable a legal framework for controlling the powers, activities, and acts of public administration (Cheesemen, 2001).

Business Law is defined as the body of law that looks after the business and commercial transactions (Bushman 2007). In the ongoing complicated business world in order to run and manage a Business Laws are a must. Thus, this portion of law manages various businesses to keep them running in a controlled way as all the parties associated to businesses get fortification as well as feel accountable in their individual positions, is called business law. There are many commercial law firms in London that make the application of this law smoother and feasible.

Following the execution of the Consumer Rights Act 2015 in October 2015, there has been a major augmentation in the volume of competition litigation before the UK Competition Appeal Tribunal. Particularly, two opt-out collective movements have been called out on behalf of consumers, one of which is the biggest claim in British legal history, with a claim value of whopping GB£15 billion in regard to MasterCard interchange fees. Private damages litigation against those remorseful of anti-competitive conduct is slowly becoming posed as a big risk factor for businesses running in the UK.

The effect on conducting business in the UK relies on the model that is chosen by commercial law firms in London. It may be that regulatory and legal divergence surges over time, as the UK will be improbable to be restricted by European legislation and case law.