Cyprus Citizenship – Limit of 700 grants to be crossed in 2018
January 11, 2019
As we all know, CYPRUS has a self-imposed limit of 700 Citizenships that it grants in a year. In the first 7 months of 2018, a total of 521 citizenship applications were already filed by leading law firms. Hence, there is a very strong possibility that the limit of 700 citizenships that Cyprus grants in a year will be surpassed in 2018.
If this were to happen, it could give rise to a backlog like the one observed in the US EB-5 Program. Though this phenomenon is common in residency programs, it has never played out in any citizenship program in the world. This is testimony to the popularity of the program.
Famed for it’s beautiful beaches & archeological sites, mediterranean climate, the lowest crime levels in the EU, excellent health care system & education options, Cyprus offers a very good quality of life to it’s residents. Infact, it has been ranked as the 5th best relocation destination in the world by a recent international lifestyle review report.
Cyprus is one of the few countries in the world which offers both a Residency by Investment and a Citizenship by Investment Program.
Between 2013 & 2018, one third of all citizenship applications were filed by the FIVE leading law firms in Cyprus. Migratesmart® is proud to be associated with one of them, hence being in a position to offer a very high quality of service covering every gamut of the migration process.
Contact Us to determine your eligibility for the Cyprus RBI or CBI Program and how it can benefit you.