In today’s world, government regulations and policies on their High-Net-Worth citizens make them constantly consider obtaining a second passport or dual citizenship; as a “White Knight” that will protect not only their assets, but also their peace of mind, and the safety of their families.
The truth is that “Dual Citizenship” represents for many of them the freedom of travel, new investment opportunities, and the safety of being backed by a second nation.
It is not imperative to investigate the past. History has proven that having Dual Citizenship or a Second passport has tremendously helped citizens from across the globe who have been threatened at some point of their lives by disagreeable and unfavourable regulations imposed by their home governments.
No individual should be left alone in arbitrary situations that can compromise their freedom, life savings, family security and quality of life. Unfortunately, this is a permanent concern for thousands of citizens worldwide who own just one passport. In other words, they are left at the mercy and “goodwill” of strict policies and controls.
“Having a strong passport is not only about the number of countries you can visit with visa-free restrictions”
Given these facts, the number of applicants to “Citizenship by Investment” programs around the world rocketed. It is essential to distinguish legal agencies approved by the governments that provide such programs. As a growing industry, many agencies and consultants will assure you a legal passport in a short period of time. However, every application goes through a rigorous due diligence process, and each case or investment plan is unique. Therefore, if you are not well-represented by a trusted Citizenship Service Agency, your application might be at risk for approval.
Economic Citizenship is unquestionably the fastest and most efficient way to obtain a second citizenship; in this scheme, the investor decides to invest in a program such as government-approved real estate projects or an investment-contribution to the government in question. Other programs offer the opportunity to establish a company and employ a certain number of local citizens in exchange for residendcy or citizenship.
Recent studies developed by global immigration experts have placed Cyprus Citizenship by Investment in the spotlight among the “top 10 Citizenship by Investment” programs. Cyprus is considered one of the easiest routes to obtain dual citizenship. The country is a member of the EU although it is yet to implement the Schengen Agreement.
Investors applying for Cyprus will receive the citizenship within 6 months of applying. Cypriot Citizenship is the fastest route if you want to become an EU citizen, followed by Malta, with an estimated of 14 months. Applicants may apply for Citizenship through the investment of EUR 2 million into Residential Real Estate.
Savory & Partners strongly recommend all clients to research first; consider given facts and choose the passport that better fits your needs. We firmly believe the Cypriot passport will come up as one of your most reliable options to obtain dual citizenship.
Please feel free to contact us or book a free consultation now; our Citizenship consultants will be glad to assist you to achieve a successful application and approval on your Cypriot Passport.
We are available on every channel convenient for you.
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