Changes in Cyprus Citizenship by Investment Program
/In the coming months, the acceleration of the naturalization process is expected to restore the Cyprus economy. Measures established by the government to address the adverse effects of coronavirus include naturalization measures.
It was decided to expedite the procedures for considering applications from foreigners participating in the Cyprus Citizenship by Investment program. Officials even during the quarantine period in Cyprus will continue to process and consider applications from candidates and their families.
Perhaps in the future, there will be an opportunity to apply online, as Grenada has done now.
By law, the limit of applications per year for naturalization should not exceed 700.
Meanwhile, other measures were taken to support legal entities and individuals in this difficult time. In addition to the fiscal measures taken by the government, it is expected that payments to bank borrowers will be stopped for 9 months, state guarantees for bank loans for business and self-employed employees and measures to support them.
