Important factors to consider in residence planning
Wealthy property buyers have learnt how to maximize the value of their international real estate acquisitions by connecting them to the acquisition of a quality second nationality. Why purchase a piece of real estate for only lifestyle or investment reasons? When you can purchase for lifestyle or investment reasons and also qualify for a citizenship-by-investment program in a number of countries. A few European countries also offer nationality in return for a financial injection into their economy.
Cyprus is particularly interesting for people building their international property portfolio. Simply acquire a qualifying EUR 2.5 million property (which must be held for only 3 years) and a professional services company in the industry, like Henley & Partners, can make the purchase subject to the acquisition of citizenship. In return for citizenship, some countries require as little as US$350,000 to be spent. Henley & Partners is the global leaders in advising private clients on where to maximize these alternative benefits.