Aristo Developers , a real estate group claiming to be based in Cyprus has appointed Residency Overseas, a property consultancy firm in India, as the sole representative for seeking investments from Indians willing to buy property in Cyprus. This was announced in a press meet held in the Capital yesterday.
The island of Cyprus presents many business opportunities. Once a person has Cyprus EU Citizenship, they are eligible for all benefits offered by the European Union (EU), available to all EU residents, including higher education at reduced fees in any European country. Cyprus has already seen a surge of international investors settling on the island, predominantly from China, Russia and the United Kingdom, claimed representatives of these firms.
“Cyprus offers Permanent Residence and EU Citizenship through property investment. If an individual invests a minimum of €2 million (about Rs. 15 cr as per conversion rate today), he/she is eligible for residency for a full family including spouse, children and parents,” says Rahul Mehta, CEO & Managing Director of Residency Overseas.