If the applicant does not already hold a residence permit, he will be able to apply for an immigration permit, on the basis of Regulation 6 2 of the Aliens and Immigration Laws, at the same time as submitting the application for Naturalization, but be a holder of an immigration permit for a period of at least six 6 months prior to naturalization as a Cypriot citizen. The payment specified in the contract is transferred to the escrow account which can be accessed only upon getting the approval from your lawyer. Investment options for obtaining citizenship of Cyprus. Custom RSS Feed. Traveling countries visa-free.