Daily Star.com.lb By Brooke Anderson
It could be considered a marriage
of convenience between the financially strapped but politically stable
eastern Mediterranean countries of Greece and Cyprus and wealthy
Lebanese property investors.
Greece and Cyprus are fast-tracking
citizenship for high-net-worth property owners, as Lebanese who can
afford it are lining up to buy homes. This is the idea of the third
edition of the Beirut International property Fair, Residency and
Citizenship by Investment, a three-day event from May 16 to 18 at the
Beirut Habtoor Grand Hotel Convention Center. The event, with booths and
representatives from real estate agencies and immigration law firms
from different countries throughout the world – mainly Greece and
Cyprus, but also the Caribbean, Eastern Europe and Malta – are showing
Lebanese how they can invest their way to citizenship.
Brochures
being distributed throughout the halls not only give instructions on
how to obtain citizenship, but also outline the perks of second
citizenships and give overviews of quality of life, security, business
activities, tax planning and retirement in various countries.