Cyprus allows investors to include parents-in-law in citizenship application

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Cyprus' Ruling Party proposed a long-awaited amendment to the Citizen through investment programme, which allows investors to include their parents-in-law in citizenship application. It is expected that this amendment will be voted in the Parliament in late July and will come in power as soon as possible. 

 

Under the new proposal, parents-in-law of applicants can obtain Cyprus citizenship for additional investment of €500,000. It is still unknown how exactly this new rule will work and whether this extra investment will be enough for one parent-in-law or for both.  

 

Citizenship through investment programme proved itself as a reliable source of support for Cyprus economy and real estate sector. The Government of Cyprus amid coronavirus pandemic  decided to fast-track citizenship applications and introduced changes to the investment programme with the aim to make it more secure and appealing to foreign investors. One of these changes is the decision to stop real estate agents from processing citizenship applications in future: only certified law firms, like Astons with its own office in Limassol and professional lawyers will be able to process applications. 

 

How to get the most out of your Cyprus citizenship 

 

Citizenships programmes are complex and not easy to understand, and Cyprus is no exception. Professional investors are interested in a smooth application process that doesn't take their time and brings only pleasant emotions. Astons is here to make it happen. Our professional immigration lawyers and real estate experts both in London and Limassol are in touch with Cyprus officials, we will be the first to know about any further changes to the programme and additional benefits. 

 

Also, it is still possible to move to the UK with Cyprus citizenship before Great Britain leaves EU regulations at the end of 2020. Astons provides free consultation for professional investors who are willing to invest €2 million in Cyprus real estate and get all the benefits of luxury life in world-class villas and citizenship of the EU country. 

 

Astons is a leading global immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including UKTurkeyVanuatuEU & the Caribbean.

 

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977