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There are a couple of things that you need to know before you start applying for citizenship by investment in cyprus.
There is an order as to which you should follow to ensure that you are granted citizenship with no delays.
Read on to find out.
Step 1; Registration
This refers to residency registration. It is the very first step when starting the application. The whole process of acquiring citizenship takes between 6 to 8 months.
And, you can only be granted citizenship if you have registered as a resident for a minimum period of 6 months. It is therefore important that before anything else you register as a resident.
Step 2; Choose an investment option
There are 5 options that you can choose from;
– Donation to the Cyprus Land Development and Research
– Invest in infrastructure Projects and Real Estate
– Invest in Financial Assets of Cyprus Organizations
– Participation of purchase in Cyprus Businesses
– Combine investment – invest in all of the above 4
Make sure that you meet the standard sum of citizenship investment which is approximately 2 million euros.
Step 3; Prepare all documents
Gather all the required supporting documents
Step 4; Fulfill all the requirements
Fill in all the documents needed and fully pay your investment
Step 5; Submit Application
Officially submit your Cyprus Citizenship by Investment application. Also make sure you pay all the required fees.
Step 6; Await acceptance
Now that you have completed all the process and submitted your application, it is time to wait for official acceptance.
Step 7; Get your passport
The last step is to visit Cyprus to submit your biometric data and take an oath allegiance to get your passport.
In a nutshell;
Make sure to register for residency the very first day. Invest and apply within the first month.
You will get the formal acceptance within 6 months and your passport within 8 months of application.