The global coronavirus pandemic has disrupted the lives of millions of people around the world, with many having to make significant adjustments to their plans for the future. For investors, this has meant re-evaluating the factors that led to their decision for obtaining a second citizenship. Where this was once influenced by multiple financial and political factors, today there is also the safety of a particular country to consider.
According to a recent study by French company Insurly, Cyprus was ranked as the safest country among those with a population of fewer than 5 million. This is not surprising, as this small island has always been known for prioritizing the health and safety of its citizens. In fact, as global panic spread throughout Europe during the coronavirus pandemic, Cyprus was one of the first EU countries to take strict quarantine measures immediately after the first COVID-19 infection was detected. As a result, Cyprus effectively managed to flatten the curve in record time, and people have begun returning to their daily lives.
In June, Cyprus will resume its normal business and tourism activities, and government officials are set to meet with foreign investors who had postponed their real estate purchases for the Cyprus Investment Program, due to the lockdown measures. In order to make up for lost time, the Ministry of Interior has expedited the processing of applications for Cyprus citizenship.
It is safe to say that the world has seen many changes over the past six months. Now more than ever, it is important for investors to assess their current circumstances and make the right choice for themselves and their families, by seeking out a country that guarantees the safety of its citizens and their assets. MARR Group is a licenced agent for the Cyprus Investment Program and can offer full assistance throughout the process.