Malta and Cyprus Citizenship by Investment Closure
Both Malta and Cyprus have suspended their highly sought-after Citizenship by Investment (CBI) Programs.
While Cypriots authorities have yet to confirm whether or not a new CBI program is underway, foreign investors can still apply for residency in the Republic and work their way towards citizenship by naturalization through the Cyprus Golden Visa program.
Meanwhile, Malta has already launched its Citizenship by Naturalization for Exceptional Services by Direct Investment (CES) scheme, which is more accurately referred to as the Maltese Citizenship Act Granting of Citizenship for Exceptional Services Regulations, as a new acting policy for its previous Malta citizenship by investment program. However, the government of Malta stated that the new CBI regulations ensure a stricter application process. Individuals are only be able to apply for Maltese citizenship after three years of residence or by exception through a higher investment after one year.
Moreover, individuals are only allowed to apply for citizenship if they successfully pass a stringent due diligence assessment test. You can learn everything about the Malta Citizenship by Investment changes to get a better insight on the new scheme.
What other citizenship by investment options do you have?
Fortunately for international expats, the Caribbean countries also offer fantastic citizenship by investment programs. With a fast process and affordable investment options, these citizenship schemes prove to be valuable opportunities for individuals seeking to enjoy residency under the sun, increased mobility freedom, and advantageous tax exemptions. Below are some of the most popular Caribbean Citizenship by Investment Programs:
- St Lucia Citizenship by Investment Program
- Dominica Citizenship by Investment Program
- St Kitts and Nevis Citizenship by Investment Program
Whatever your needs are, Global Citizen Solutions can assist. We provide bespoke second residency and/or citizenship solutions to international families and have helped hundreds of expats secure legal residency abroad. Contact us today for more information about our programs.