Recently, Worldway Immigration (www.worldwayhk.com) learned from lawyers in Cyprus that, following the announcement by the Cyprus Ministry of Interior on August 23, 2012, regarding permanent residency permits for third-country nationals, the Ministry has already approved the first 50 applicants for permits in less than 2 months.
Mr. Deng's approval letter and the Cyprus Ministry of Interior file number letter 2012
Since the immigration policy was opened at the beginning of 2012, hundreds of families have purchased properties in Cyprus and submitted visa applications in accordance with the requirements of the Cyprus Ministry of Interior; however, the previous approval process generally took more than half a year. As the first immigration agency to promote the Cyprus investment immigration program in China, Worldway Group, during its invited inspection visit to Cyprus, repeatedly advised key figures in the President's office, the Speaker of Parliament, and other government departments on the issue of accelerating immigration processing. In August 2012, the Cyprus Ministry of Interior issued the "August 23 Announcement" regarding the property purchase immigration policy, accelerating the immigration approval time from 6-8 months to within 2 months.
Under this new August 23 policy, the first 50 applicants who have been approved received their permanent residency permits within just 5 to 6 weeks under simplified application conditions and requirements. Worldway client Mr. Deng was successfully approved in just 21 days, setting a new global record for Cyprus immigration approval. With policies in mainstream immigration countries tightening or closing, Cyprus's fast-track approval policy is set to attract more investors.
