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Cyprus Closes Citizenship By Investment Program

Cyprus has officially announced that its widely popular citizenship by investment program will close on the 1st of November, 2020. The Cypriot citizenship by investment program was a global favourite of investors who wished to obtain a better life, passport, and future for themselves and their families.

The closure of the program does not mean one cannot become a Cyprus citizen however, as the Cypriot residency program is still operating in full force and has not been affected by the closure of the citizenship route.

For those wishing to obtain residency in Cyprus, all you need to do is purchase a property on the beautiful island. By doing so you and your family members will obtain residency within one year; and if that seems too long you have the chance to get it within three months if you purchase a property worth 300,000 Euro or more.

If you would like to know more about the Cypriot residency program, or other citizenship by investment programs contact Reach Immigration for more information.

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