Country Information Profile

Cyprus Citizenship Program Cyprus is a modern country that effortlessly marries • Citizens have the right to live and work anywhere European culture while keeping the glory of ancient within 28 EU countries heritage. • Citizens have the right to attend schools and universities within any EU country at Cyprus is known for its beautiful golden beaches special tuition rates with crystal clear waters, pine-scented forests, and • Citizens have the right to security within the European superb climate, safe and stable settings ideal for social and legal system luxurious lifestyle. It has gained popularity becoming • Access to well established EU healthcare systems an appealing destination for non-EU foreign nationals • Citizenship can be passed to future generations who are seeking to obtain citizenship. by descent Applicants can qualify for Cypriot Citizenship by • Beneficial tax regime for Cypriot passport holders, no making a minimum investment of €2 million. The foreign income tax, no inheritance tax, no withholding passport can be obtained in 6 months. tax on interest earned and lowest taxation rates in Europe for residents • Free trade within the EU BENEFITS AT A GLANCE • Cyprus Residence Permit is issued within 5 days from • Citizenship in EU in 6 months the submission of a joint application for residency • Dual citizenship is permitted; there is no need and citizenship by investment to denounce other citizenship • Citizens of EU countries are well accepted and • No physical residence requirements during or welcomed internationally after the application procedure • Family members (spouses, unmarried children below • No language requirements the age of 28 and dependent parents of applicant) • No age requirements for the main applicant may obtain citizenship • Visa-free travel to 159 countries around the world

CYPRUS FAST FACTS Turkey

Syria LOCATION North – Eastern of the Mediterranean Sea CAPITAL Nicosia TOTAL AREA 9,251 sq km POPULATION 1,182,465 LANGUAGE Greek Cyprus RELIGIONS Greek Orthodox GOVERNMENT TYPE Presidential Constitutional Republic Lebanon CURRENCY Euro (€) MEDITERRANEAN SEA

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AMERICAS Turks & Caicos Switzerland Lebanon The applicant must own a permanent residence in Criterion A.3: Investment in Alternative Investment Anguilla Uruguay Turkey Macau Cyprus with a minimum value of €500,000 (excluding Funds or Financial Assets of Cypriot Companies or Antigua & Barbuda Venezuela Ukraine Malaysia VAT) in addition to one of the following investment Cypriot Organizations that are licensed by CYSEC United Kingdom Maldives schemes: Argentina The applicant must invest at least €2 million in Vatican City Nepal Aruba EUROPE Criterion A.1: Investment in Real Estate, Land alternative investment funds established in Cyprus, Albania Oman Bahamas Development and Infrastructure projects licensed and supervised by the Cyprus Securities and Andorra Philippines Barbados AFRICA Exchange Commission and exclusively making their Austria Botswana Singapore The applicant must invest at least €2 million for the Belize investments in the Republic of Cyprus. Bermuda Belgium Comoros South Korea purchase or construction of immovable property Bolivia Bosnia & Herzegovina Djibouti Sri Lanka or development creation such as residential or Criterion A.4: Combination of the aforementioned Brazil Bulgaria Egypt Taiwan commercial developments, developments in the investments Croatia Gambia Timor Leste tourism sector or other infrastructure projects. British Virgin Islands The applicant may proceed with a combination of the Cyprus Kenya Canada NB: In cases where the applicant invests at least above, provided that the total investment will amount Czech Republic Lesotho Cayman Islands OCEANIA €2 million in one or more strictly residential to a minimum of €2 million. Denmark Madagascar Australia Columbia properties, then the applicant is not required to further Estonia Faroe Islands Mauritius Cook Islands Within this criterion, the applicant may include the Costa Rica purchase another residence. Curacao Finland Mayotte Micronesia purchase of special government bonds of the Republic Chile France Morocco Fiji Criterion A.2: Investment in Financial Assets of of Cyprus of up to €500,000. Cypriot Companies or Cypriot Organizations Dominica Germany Mozambique French Polynesia NB: In the case that the purchase value of the Greece Reunion Kiribati Dominican Republic The applicant must invest €2 million in order to permanent privately owned residence in Cyprus Guernsey Marshall Islands Dutch Caribbean purchase, create or participate in businesses or exceeds the amount of €500,000, part of this Ecuador Hungary St Helena Nauru companies based and operating in the Republic of additional amount can be used for purposes of El Salvador Iceland Seychelles New Caledonia Cyprus. These businesses or companies must have a supplementing the total amount of the investment Falkland Islands Ireland South Africa New Zealand physical presence in Cyprus, substantial activity and made on the basis of the criteria of Part A above. French Guiana Isle of Man Swaziland Niue a significant turnover and must also employ at least 5 Greenland Italy Tanzania Palau Cypriot citizens or European Union citizens who during Grenada Jersey Togo Papua New Guinea the five years preceding the filing of the application Guadeloupe Latvia Tunisia Samoa were residing in the Republic of Cyprus. Guatemala Liechtenstein Uganda Tokelau Haiti Lithuania Zambia Tonga Honduras Luxembourg Zimbabwe Tuvalu Macedonia Vanuatu Jamaica INVESTMENT SCHEME - TIMELINE & PROCEDURE Martinique Malta ASIA Wallis & Futuna Mexico Moldova Armenia Month 1 Investor identifies his Investment in Cyprus. Montserrat Monaco Bangladesh Step 1 Nicaragua Montenegro Brunei Step 2 Completion of purchase of investment(s). Opening of client account and payment of legal and Panama Netherlands Cambodia government possessing fees. Norway Darussalam Paraguay Step 3 All required documents collected. Investor visits Cyprus for filing of the completed citizenship Peru Poland Georgia application and filing of Residency Card application. Investor files for Residency Card and is St Barthélemy Portugal Hong Kong issued within 5 days. Romania Indonesia St Kitts & Nevis Month 3 Step 4 The examination process at the Ministry of Interior is concluded in approximately 3 months from St Lucia San Marino Iraq date of filing the citizenship application. Citizenship approval is granted. St Maarten Serbia Israel Month 6 Step 5 The 6 months residency requirement is completed from the date of issuance of the Residency St Martin Slovakia Japan Card. St Pierre & Miquelon Slovenia Jordan St Vincent Spain Kyrgyzstan Step 6 Applicant visits Cyprus and obtains naturalization certificate, Cypriot Passport and ID. Trinidad & Tobago Sweden Laos

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-A mandatory contribution of €150,000 distributed to the Cyprus Research and Innovation Foundation, and the Visa Free Travel Cyprus Land Development Corporation.

AMERICAS Turks & Caicos Switzerland Lebanon The applicant must own a residential property in Criterion A.3: Investment in Alternative Investment Anguilla Uruguay Turkey Macau Cyprus with a minimum value of €500,000 (excluding Funds or Financial Assets of Cypriot Companies or Antigua & Barbuda Venezuela Ukraine Malaysia VAT) and must own a valid Schengen visa prior to Cypriot Organizations that are licensed by CYSEC United Kingdom Maldives submitting an application in addition to the one of the Argentina The applicant must invest at least €2 million in Vatican City Nepal ollowing investment schemes: Aruba EUROPE f alternative investment funds established in Cyprus, Albania Oman Bahamas licensed and supervised by the Cyprus Securities and Andorra AFRICA Philippines Criterion A.1: Investment in Real Estate, Land Barbados Exchange Commission and exclusively making their Austria Botswana Singapore Development and Infrastructure projects Belize investments in the Republic of Cyprus. Bermuda Belgium Comoros South Korea The applicant must invest at least €2 million for the Bolivia Bosnia & Herzegovina Djibouti Sri Lanka purchase or construction of immovable property Criterion A.4: Combination of the aforementioned Brazil Bulgaria Egypt Taiwan or development creation such as residential or investments Croatia Gambia Timor Leste British Virgin Islands commercial developments, developments in the The applicant may proceed with a combination of the Cyprus Kenya Canada tourism sector or other infrastructure projects. above, provided that the total investment will amount Cayman Islands Czech Republic Lesotho OCEANIA NB: In cases where the applicant invests at least to a minimum of €2 million. Columbia Denmark Madagascar Australia €2 million in one or more strictly residential Costa Rica Estonia Faroe Islands Mauritius Cook Islands Within this criterion, the applicant may include the properties, then the applicant is not required to further Curacao Finland Mayotte Micronesia purchase of special government bonds of the Republic purchase another residence. Chile France Morocco Fiji of Cyprus of up to €500,000. Dominica Germany Mozambique French Polynesia Criterion A.2: Investment in Financial Assets of NB: In the case that the purchase value of the

Dominican Republic Greece Reunion Kiribati Cypriot Companies or Cypriot Organizations permanent privately owned residence in Cyprus Dutch Caribbean Guernsey Bulgaria Marshall Islands The applicant must invest €2 million in order to exceeds the amount of €500,000, part of this Ecuador Hungary St Helena Nauru purchase, create or participate in businesses or additional amount can be used for purposes of El Salvador Iceland Seychelles New Caledonia companies based and operating in the Republic of supplementing the total amount of the investment Falkland Islands Ireland South Africa New Zealand Cyprus. These businesses or companies must have a made on the basis of the criteria of Part A above. French Guiana Isle of Man Swaziland Niue physical presence in Cyprus, substantial activity and Greenland Italy Tanzania Palau a significant turnover and must also employ at least 5 * If a residential property had already purchased under Grenada Jersey Togo Papua New Guinea Cypriot citizens or European Union citizens who during the CIP, the required investment is increased from €2 Guadeloupe Latvia Tunisia Samoa the five years preceding the filing of the application million to €2.5 million. Guatemala Liechtenstein Uganda Tokelau were residing in the Republic of Cyprus. Haiti Lithuania Zambia Tonga Honduras Luxembourg Zimbabwe Tuvalu Macedonia Vanuatu Jamaica INVESTMENT SCHEME - TIMELINE & PROCEDURE Martinique Malta ASIA Wallis & Futuna Mexico Moldova Armenia Month 1 Investor identifies his Investment in Cyprus. Montserrat Monaco Bangladesh Step 1 Nicaragua Montenegro Brunei Step 2 Completion of purchase of investment(s). Opening of client account and payment of legal and Panama Netherlands Cambodia government possessing fees. Norway Darussalam Paraguay Step 3 All required documents collected. Investor visits Cyprus for filing of the completed citizenship Peru Poland Georgia application and filing of Residency Card application. Investor flies for Residency Card and is St Barthélemy Portugal Hong Kong issued within 5 days. Romania Indonesia St Kitts & Nevis Month 3 Step 4 The examination process at the Ministry of Interior is concluded in approximately 3 months from St Lucia San Marino Iraq date of filing the citizenship application. Citizenship approval is granted. St Maarten Serbia Israel Slovakia Japan Month 6 Step 5 Applicant visits Cyprus and obtains naturalization certificate, Cypriot Passport and ID. St Martin St Pierre & Miquelon Slovenia Jordan St Vincent Spain Kyrgyzstan Trinidad & Tobago Sweden Laos

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