Interest in Cyprus rises as wealthy Brits step up citizenship shopping

  • by:
  • Source: Cyprus Mail
  • 09/24/2020
A London-based investment immigration firm has seen a 50 per cent increase year-on-year in interest by wealthy Britons in securing a Cyprus passport, with Greece seeing a 30 per cent rise in the same period, it emerged on Thursday. 

According to Reuters, the number of British entrepreneurs looking to “buy” citizenship from countries offering visa-free access to the European Union has risen sharply, investment migration firms say, as prospects of a post-Brexit trade deal between Britain and the bloc darken. 

Investment immigration firm Astons said it had seen a 50 per cent and 30 per cent year-on-year increase in interest from clients seeking Cypriot or Greek citizenship respectively this quarter, less than four months before UK passport-holders are likely to lose their rights to freedom of movement across the EU. 

Henley & Partners also reported a rise in requests for advice on investment migration applications to Malta, Portugal, Austria and several Caribbean islands, which offer a range of residency rights, visa-free travel to the EU and citizenship to investors in local business or property. 

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Cyprus by Igor Starkov is licensed under Unsplash License

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