*These fees are subject to change. These information should be used as a guide only. The payments are valid for one applicant.
Pass initial due diligence checks and engage to proceed with application.
Sign GIS service agreement, pay a retainer and receive citizenship application package.
Collect required documents, and complete all government forms. Select qualifying real estate (if applying with real estate option).
Upon receipt of application package, GIS will check it against requirements. At this stage, GIS will ask you to pay for GIS application fees in full (minus the retainer amount already paid), together with all government submission fees.
Upon receipt of the fees, the funds will be remitted to the escrow account and the submission of the application and fees will be coordinated by GIS. If you apply under the Real Estate Option, your application package should include a signed purchase and sale agreement.
The Citizenship by Investment Unit shall carry out due diligence tests on all applicants and shall return to their decisions. This is one of the following:
1) Approve
2) Deny
3) Delay for Cause
In case of approval, GIS will ask you to:
1) Donation of €75,000 to the Research and Innovation Fund or another certified innovation enterprise and €75,000 to the Cyprus Land Development Corporation.
2) Payment for one of the following investments:
Certificate of naturalization, permanent resident card (if applicable) and passport.
A holder of a PRP who eventually wishes to be granted Citizenship has an advantage in that he may legally reside in the Republic for five consecutive years prior to filing an application for Citizenship by naturalisation in the traditional way (as opposed to the Citizenship by Investment route). This is the only advantage afforded even though many persons opt to obtain the PRP first, and subsequently proceed with an application for Citizenship by Investment, especially when they intend to reside in the Republic with their families.
Upon filing of a completed Citizenship application, it usually takes between two to three months before a decision is made by the Ministry of Interior.
There are no residency prerequisites either prior to filing the Citizenship application or following the granting of Citizenship. This is one of the many benefits of the Cypriot Citizenship by Investment program, when compared to other EU Citizenships programs.
Once citizenship is granted, the applicant can receive a Cyprus passport on the same day simultaneously with the issuance of the naturalization certificate, if done in person in Cyprus. On that day, the applicant issued a sworn statement that he accepts citizenship and can then obtain the Cypriot passport issued by the Ministry of Interior, on payment of acceleration fees of €120. Alternatively, the applicant may obtain the Cyprus passport any time after the naturalisation certificate is issued, from the Citizens Service Centers at a lower cost of €70, but it could take up to two weeks to have the passport issued in this case. A Cypriot passport will also be issued to the Investor's spouse and dependent children up to the age of 27, provided they are in full-time education.
This criterion pertains to a €5m/€2.5m (depending on whether the application is submitted as a group or individual) investment in the participation rights or shares of a Cyprus company(ies) that maintains offices and operates in Cyprus, employing a minimum of five Cypriot citizens, for a period of three years.
An eligible company/business can also be one that was acquired by the Investor, up to three years prior to filing his citizenship application.
In all cases, the Investor must demonstrate the correlation with the companies or businesses purchased. This requires the investor to continue to be an owner or be directly involved in the operations of the businesses acquired.
Any property purchased three years prior to filing the Citizenship application is eligible. Additional properties may be purchased in order to meet the total sum required for this investment criterion, namely €5 million (or €2.5 million in the case of a group application).
There are four rank levels of Global Immigration Services membership. Advance through three elite ranks when you meet qualifying criteria. Enjoy elevated rewards and experiences throughout your journey. Explore the benefits for all levels. Earn and redeem credit points for our services.
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.
Spend credit points directly for your invoice. 100 credit points = US$ 1.
Cyprus Investment scheme is expected to break all records in 2019 in terms of number of passports issued. According to the data collected by Stockwatch, already 550 passports have been issued up until 2019, compared to 581 passports issued for investment in 2018.
Global Immigration Services Group (GIS) is an Immigration Services Provider focusing on Second Citizenship by investment programs & Residency Programs.
We offer a variety of Second Passport options including but not limited to; Caribbean Citizenships such as Saint Kitts & Nevis, Grenada and Dominica. European Second Citizenship by investment programs inclusive of Cyprus and Malta. As well as other Residency Programs such as Portugal and Greece...
Our selection of established and well-respected Developers, excellent Government Relations and Caribbean Contacts makes us the obvious choice for all your Citizen & Residency needs.
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