Moldova CIP’s 250,000 Real Estate Option Just Months Away – Only Completed Projects QualifyJune 5, 2019
Moldova’s CIP is about to launch its real estate investment option, priced at 250,000 regardless of family size. Off-plan investments are ineligible, and all sales agreements are subject to independent evaluation.
Moldova’s Citizenship by Investment Program is now processing some 30 applications that are “in the final stage as well as another 50 applications coming to the Secretariat, our implementation unit, via accredited agents,” Iulia Petuhov – Deputy Director of the Public Services Agency – told IMI yesterday during the Investment Migration Forum in Geneva.
While not yet in a position to share detailed nationality statistics on the investors, Petuhov indicated applications were coming in from a wide variety of regions, including Asia, Australia, Europe, the United States.
Want to know more about the Moldova Citizenship by Investment Program? Visit its Program Page.
Questioned about current processing times, the deputy director indicated the program had a commitment to handle all files within 90 days.
“In the second part of this year we’ll be launching the second option for becoming a Moldovan citizen by investment, and this is the real estate option,” said Petuhov, revealing that the required investment would amount to EUR 250,000, also confirming that the amount will be fixed at that sum regardless of family size.
Any type of real estate, in any part of the country, is eligible. Another significant difference is that only completed real estate is eligible, which is to say that off-plan investments in property will not qualify. Furthermore, investors must attach the real estate purchase agreement to their application along with an evaluation completed by an independent evaluator.
“This,” Petuhov explains, “is to ensure that the price indicated in the agreement is the real price”.
Watch the full interview below.