Intro Procedure Benefits Requirements Qualified Investments Country Comparisons Official Links Citizenship (EU Passport) The Cyprus Citizenship program is brought to you by MeritServus and P. Harakis Ltd. Subject to investment criteria, an investor and his family can obtain Cyprus passports. This is neither a residence permit nor a visa. A Cyprus passport offers full citizenship of an EU member state. The scheme is based on a “fast track” process, which avoids bureaucracy and unnecessary documentation. Applications for citizenship are examined within 4 months and successful applicants receive Cyprus passports within 6 months. The application process is strictly confidential. The procedure is as follows: Contact us Contact us and we will provide free consultation on the investment option that best fits your criteria and risk tolerance. Meet with us If possible, we prefer to organize an in person meeting with the investor in Cyprus or anywhere in the world. We collect the documents We then collect the documents required to submit the application from the applicant and the applicant’s family. You Invest The applicant makes a qualifying investment to meet the requirements of the program. We submit We prepare and submit all documents necessary to obtain citizenship. Passports received The passports are granted, as soon as 6 months post-application. The many benefits of the Cyprus Citizenship program include: Passports are received roughly within 6 months of applying.The citizenship is granted to the whole family, including the husband, wife and financially dependent children under age 28.The passport offers freedom to reside, work, do business, study and travel anywhere in the EU, Switzerland, Liechtenstein, Norway and Iceland.Cyprus citizens have VISA-free travel to 157 countries worldwide, including all EU countries, Canada and Australia.The investor is free to exit the qualifying investment after three years.There is no requirement to reside in Cyprus before, during or after the application.Dual-citizenship is permitted and the Cyprus citizenship is not reported to other countries.The program requires no cultural knowledge or language proficiency tests.The Cyprus government charges very reasonable fees for the filing of the application. An investor must meet the following requirements: Invest at least €2 million (excluding taxes) in qualified investments.Keep investments for at least 3 years.Provide a clean criminal record certificate for the applicant, spouse and adult children.Own a permanent residence in Cyprus, purchased for at least €500,000. If qualified investments are made into residential property, this requirement is not applicable.Parents of the investor can now obtain the Cyprus Citizenship with an additional permanent residence of €500.000.An Immigration Permit will be issued prior to Naturalisation (unless the applicant(s) is a Temporary Permit holder already). Investments should be made in any one of the following ways: Investment in government bonds (subject to a cap of €0.5 million).Investment in financial assets of Cypriot companies.Purchase, creation or participation in Cypriot businesses that demonstrate substantial economic activity and physical presence in Cyprus.Alternative Investment Funds (AIFs) regulated by CySEC which invest in Cyprus underlying assets.Investment in residential and commercial property, land development and infrastructure projectsA combination of the above Country Comparisons Schemes with immediate citizenship* | Residence Schemes leading to citizenship testCyprus*Malta*CyprusPortugalUSAUKQuebec, Canada Type of ProgrammeCitizenshipCitizenshipPermanent residence permitResidence permit, 5 yearsEB-5 visaTier 1 (Investor) visaPermanent residence permitProgramme BenefitEU settlement and excellent visa free travelEU settlement and excellent visa free travelImmediate permanent residenceSchengen TravelEasier access to permanent residence (green card)40 month residence permitPermanent residence permitApplication Processing4 months4-6 months2-3 months2-3 monthsUp to 2 years4-6 weeks6-24 months; Canadian programs are currently closed due to quotasTo Qualify for CitizenshipUpon approval of the naturalisation application and completion of 6 months from the issue of the Immigration PermitInvestor should hold resident status in Malta for 1 year preceding citizenship7 years6 years Portuguese language skills6-10 years depending on when conditional green card is received7 years; English language and cultural skills5 years; English or French language skillsMinimum Financial Criteria€2m in qualified investment as aboveAt least €650k donation to Maltese National Fund; Amount increases per family member + €150k invested in Maltese qualified securities for 5 years + Purchase of property for €350k or rent for €16k per year for 5 years€300k in real estate + €30k deposit€1m capital investment; or €500k real estate; or creation of at least 10 new jobsGeneral investment of US$1m or US$0.5 in a Targeted Employment Area. In both circumstances, must create 10 full-time jobs+ Applicants must have a net worth of US$1m and proof must be provided that their funds come from legal sources + Medical and security evaluationInvestment of £2.0m in government bonds or in active companies for 5 years; or £5.0m for 3 years; or £10.0m for 2 years1. Applicant must demonstrate proper business experience. 2. Applicant and spouse must have net worth of CAD$1.6m and proof must be provided that their funds come from legal sources. 3. Medical and security evaluation for whole family. 4. Applicants must invest CAD$0.8m to a government fund for 5 years at zero interest.Min Capital Outlay for Single Applicant (in €)€2.0 million€1.1 million€330,000€500,000€455,000€2,561,712€525,000Term of Investment3 years5 years3 years5 years4-5 years2-5 years5 years Official Links Read the full text of the Cyprus ministerial decision pertaining to the rules and procedures for granting citizenship to investors. You can also consult the government’s frequently asked questions on this topic. Announcement in Greek by the Cyprus Council of Ministers from 13/09/16 that covers the changes to the rules and procedures for granting citizenship to investors.