Cyprus' New Immigration Policy 20 19

20 19 new citizenship policy for Cypriot immigrants

The latest adjustment of the Cyprus Immigration Law was in May 20 18. Under the pressure of the European Union, the Ministry of the Interior of Cyprus renamed the Cyprus Immigration Law and made it more difficult to be naturalized.

For example, limit the number of naturalization of investment immigrants every year, strengthen background checks, and extend the time of the review process. These are all examination and approval restrictions, and the applicant's application conditions have not changed greatly. Let's first look at the application conditions for naturalization of Cypriot immigrants.

1. Applicant 18 years old;

2. No criminal record;

3. It is necessary to purchase one or more residential properties or one or more commercial properties of more than 2 million euros in Cyprus;

20 18 May 2 1 details of the adjustment of the investment naturalization law in Cyprus:

1. According to the investment immigration plan of Cyprus, the natural number of qualified investors is limited to 700 per year.

2. The overall approval process is changed from 3 months to 6 months;

3. Conduct a more rigorous investigation on each naturalization application, and the applicant shall bear the corresponding expenses;

Investors must maintain ownership of their investments for at least three years.

As can be seen from history, it will be more and more difficult for Cyprus to become a citizen. Due to the limited number of applicants, according to the growth trend of the number of applicants in previous years, there may be a timetable in the future, and the passport cycle will be extended by about three months, which is expected to take seven to eight months.