Alternatives to the Cyprus Citizenship by Investment Programme

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Alternatives to the Cyprus Citizenship by
Investment Programme

• https//www.riftrust.com/news-blog/alternatives-to
  -the-cyprus-citizenship-by-investment-programme/

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• With the Cypriot governments official suspension
  of the Cyprus Citizenship by Investment Programme
  in November 2020, President of Cyprus, Mr. Nicos
  Anastasiades, has confirmed last week that the
  programme will not be replaced and remain
  closed indefinitely.
• Cyprus Citizenship by Investment Programme had
  generated more than 9 billion in direct foreign
  investment but now "other incentives will be
  offered for investments, but not with
  citizenship," said Mr. Anastasiades.

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What alternative options remain for clients
seeking European citizenship through investment?

• Portugal offers a very popular Golden
  Visa programme, also known as a Residence by
  Investment Programme, that can lead to
  citizenship after five years. Although
  demonstrating genuine links to the country and a
  basic understanding of the Portuguese language
  are also required to qualify for
  citizenship. While changes to this programme have
  recently been announced for 1st January, 2022,
  the current minimum real estate investment
  requirement starts from 280,000.

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1. Malta recently launched a new option known as
   the Malta Exceptional Investment
   Naturalisation which grants citizenship within 12
   or 36 months. Maltese citizens enjoy visa-free
   travel to over 180 countries including the UK,
   Canada and the USA. Malta employs the worlds
   highest due diligence standards ensuring only the
   most reputable applicants are approved. The
   starting price for Malta citizenship is
   approximately 950,000.

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1. Montenegro offers a Citizenship-by-Investment
   Programme which starts from just over 400,000.
   While not yet a member of the European Union,
   Montenegro is the next country scheduled to join
   in 2025. Once that happens, citizens will gain
   the right to live and work anywhere in the EU.

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• All three of these options are considerably less
  expensive than the former Cyprus Citizenship by
  Investment Programme and have proven popular with
  private clients and their families from around
  the world.
• For more information, please contact us today.