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Detailed Criteria for Cyprus' New 3-Year Citizenship Fast-Track · IMI Podcasts

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  SPEAKER_00: This episode first appeared as an article titled Detailed Criteria for Cyprus New Three Year Citizenship Fast Track, and authored by Charles Sava on IMIDaily.com.
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• 0:23
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• 0:28
  SPEAKER_00: Last week, Cyprus's Ministry of Interior unveiled the operational facets of the Population Registry Law of 2023, which, among other measures, provides for a three-year naturalization period for professionals who learn Greek.
• 0:43
  SPEAKER_00: This legislative adjustment heralds a significant shift in Cyprus's naturalization framework, setting forth various eligibility requirements.
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  SPEAKER_00: These criteria, which prospective applicants must satisfy collectively, mirror Cyprus's mission to welcome new citizens who are both economically established and culturally integrated.
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  SPEAKER_00: A cornerstone of this initiative is introducing a swift three-year route to citizenship, the shortest ordinary naturalization period in the European Union.
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  SPEAKER_00: The entire naturalization process is quick, especially when considering that Cyprus has a legal mandate that necessitates adjudicating citizenship applications within eight months.
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  SPEAKER_00: To be eligible under the new legislation, applicants must adhere to several essential requirements.
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  SPEAKER_00: 1.12 months of legal, uninterrupted residence in Cyprus directly before applying with allowable short absences not exceeding 90 days that do not break the continuity.
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  SPEAKER_00: 2.
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  SPEAKER_00: A history of lawful residence in Cyprus for a total of three, four, or seven years within the last decade, tailored to the specific citizenship route chosen.
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  SPEAKER_00: And three, character and integration measures.
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  SPEAKER_00: This means applicants must demonstrate good character.
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  SPEAKER_00: 2.
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  SPEAKER_00: Have sufficient knowledge of the Greek language at a B1 level for seven years of recidency.
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  SPEAKER_00: A2 for four years of residency.
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  SPEAKER_00: As a highly skilled professional or B1 for three years of residency, as a highly skilled professional, three have an understanding of the basic elements of the republic's modern political and social reality.
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  SPEAKER_00: Have suitable accommodation.
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  SPEAKER_00: 5.
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  SPEAKER_00: Have stable and regular financial resources to support oneself and one's family.
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  SPEAKER_00: And 6.
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  SPEAKER_00: Have the intention to reside within the republic.
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  SPEAKER_00: The government has designated the three and four-year fast track specifically for highly qualified employees, either working for international companies as directors, key personnel, or specialists, or those with any other valid permit.
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  SPEAKER_00: These professionals must earn a minimum of€2,500 euros monthly, hold a university degree or equivalent, and have two years relevant employment experience.
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  SPEAKER_00: Cyprus also has a non-domicile tax program that provides tax breaks and includes a 17-year tax exemption on key global income streams.
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  SPEAKER_00: Non-residents can utilize this favorable tax regime while they meet the minimum residence requirement for naturalization.
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  SPEAKER_00: Thanks for joining us today on IMI Podcasts.
• 3:16
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• 3:23
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