The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice. The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. Savory and Partners collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.
The Cyprus Citizenship Program is now one of the fastest in Europe and is pursuant to the “Scheme for Naturalisation of Investors in Cyprus by Exception” on the basis of Section 111A (2) of the Civil Registry Laws of 2002-2013, based on a Council of Ministers decision dated 19th March 2014. On 24 May 2013, Pursuant to subsection (2) of section 111A of the Civil Registry Laws of 2002-2013. In virtue of this law, the Cyprus Council of Ministers may grant citizenship by naturalization to foreign entrepreneurs. Therefore, enforcing favourable immigration policies and further fostering a way of obtaining Cyprus Citizenship by Investment. The new regulations simplify the entire procedure in both time and formalities. Additionally, the law provides for the granting of the Cypriot citizenship to the spouse as well as financially dependent adult children of the investor. Neither the spouse nor the children are obliged to meet any additional financial criteria.