Presenting the budget of his ministry to the finance committee of the House of Representatives, Cypriot Interior Minister Nikos Nuris said that the government approved only 390 applications from foreign investors submitted before the completion of the Cyprus Citizenship for Investment program. At the same time, about 1,023 applications for investment citizenship were rejected. So for now Montenegrin citizenship is the only option for those who seek European passports by investments. And this offer doesnt last long. Montenegrin Citizenship by Investment program is about to close i the end of the year. You may still get your Montenegrin passport but hurry up!
According to the official, until July 31, 2021, he sent to the Cabinet of Ministers 1,413 applications submitted as part of the program for granting citizenship for investments, which stopped accepting new applicants on October 31, 2020. Of these, 390 were approved, and about 1,023 were rejected. A total of 691 petitions were filed by investors, and 722 by members of their family.
Brussels believes that Cyprus and Malta have not fulfilled their obligations to create and operate citizenship schemes for investors, which involve issuing a passport in exchange for predetermined payments and investments.
In 2020, Cyprus abandoned the golden passport scheme after a scandalous Al Jazeera documentary. Since 2007, this program has brought the republic more than €7 billion.
Note that many clients of Apex Capital Partners have already received Montenegrin passports under the investment citizenship program. Thus, they received privileges to travel around the EU, even at a time when the borders are not yet open to everyone.
Montenegro does not approve dual citizenship. An exception was made only for participants of the investment citizenship program. If you go through a residence permit (for opening a company and so on), upon obtaining Montenegrin citizenship, you will be forced to refuse other citizenship. Are you ready to do this? None of those whom we advised is ready. Please, read our article with Q&A about Montenegrin CIP.
For investors we offer a wide range of Citizenship by Investment Programs to choose from. Please, contact Apex Capital Partners to get more information and ask personal questions. You can get free consultation from Apex Capital Partners on the program of Citizenship of Turkey, Portugal’s Golden Visa. As well as Cyprus, Caribbean (Citizenship of St. Kitts and Nevis, Dominica, Grenada, Saint Lucia, Antigua). Ask your question – firstname.lastname@example.org, email@example.com
If you are a private banking specialist, a family lawyer, or work as a financial consultant in Middle East, Africa, China or any other region of the world, do not hesitate to contact Apex Capital Partners and become a partner, a part of our strong professional network. APEX has all the main local agent licenses to work with Citizenship by Investment Programs, including all key Caribbean CIPs. Please contact – Armand Tannous, firstname.lastname@example.org
Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.
European Citizenship by Investment is becoming increasingly popular across the globe. We will answer the questions where can I get second passport EU and what countries would be interesting for EU citizenship through investment?
The experience of Apex Capital Partners with the real estate market allows us to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.
Need more information about Citizenship by Investment Programs or other investment options? Send us a message and our specialists will get back to you within 24 hours.
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