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How It Works

Cyprus Process and Timeline

*These fees are subject to change. These information should be used as a guide only. The payments are valid for one applicant.

1

Step 1 Preparation Time

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).

2

Step 2 First Payment

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.

3

Step 3 Application Processing Time

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.

4

Step 4 Make An Investment

GIS will ask you to fulfill ALL of the following criteria:

Property

  • The main requirement is the purchase of new immovable property of a total market value of at least €300,000 plus VAT. The applicant must submit the application form accompanied with a contract of sale and proof of payment of at least €200,000 plus VAT.

Proof of Income

  • The applicant must provide supporting evidence of a secured annual income of at least €30,000 deriving from abroad. This income must increase by €5,000 for the spouse and every additional child and €8,000 for each dependent parent. The income may include, for example, salaries from employment, rents, pensions, and dividends from shares.
5

Step 5 Get approval

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

The Ministry of Interior may inform the applicant representative. The applicant will be examined by the Civil Registry and Migration Department.

Once the approval has been granted, the applicant must visit Cyprus within 1 year to obtain the actual permit card.

6

Step 6 Government Payment & Last Payment

You will pay the prescribed government fee depending on the citizenship / residency method you choose. You will pay the remaining service fee to us.

Get your certificate and permanent residence permit.

Frequently asked questions (FAQ)

1. Why do investors want to obtain permanent residence in Cyprus?

Cyprus is a member of the European Union and strategically located between Europe, Asia and Africa. The living standard is high, crime rate is low and the island enjoys around 300 days of sunshine each year. A permanent residence holder can obtain easily visa to visit other EU countries. Moreover, after 5 years of having obtained the PR, the investor can under certain conditions apply for citizenship.

2. What type of investments qualify someone to apply for the PR?

The investment can only be on real estate. The investor can buy a residence or 2 residences or 1 residence and 1 office or 1 residence and 1 shop. The purchase price must be a minimum of 300.000 Euros.

3. Can I buy an empty plot of land without a residence?

No. Buying land does not allow the investor to apply for PR under the provisions of this category.

4. Can my spouse and children obtain the PR as well?

The spouse of the applicant and underage children can also obtain the PR. Adult children until the age of 25 can also apply for the PR if they are financially dependent on the applicant.

5. Are there any other requirements in order to obtain the PR?

The applicant for the PR, besides having to prove that he has indeed purchased real estate worth a minimum of 300.000 Euros must also provide documentation demonstrating the following:

a) Clean criminal record for the applicant and his/her spouse.

b) Secured annual income coming from abroad to Cyprus. This should be a minimum of 30.000 Euros for the applicant and an additional 5.000 for every dependent of the applicant.

c) A 3 year fixed term deposit with a Cypriot bank for a minimum of 30.000 Euros.

d) Health Insurance Policy for the applicant and his dependents.

e) Official statement that the applicant does not intend to work in Cyprus.

6. How long will it take until I obtain the PR?

Around 2 months from the date the application and attached documentation has been submitted to the Migration authorities.

GIS Club

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.

Earning points

Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.

Using points

Spend credit points directly for your invoice. 100 credit points = US$ 1.

Insights

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Brexit Day affects Cyprus Citizenship of Britons

About Us

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.