Cyprus Citizenship Programwww.bluemina.com

Cyprus is a modern country that effortlessly marries European culture while keeping the glory of ancient heritage.

Cyprus is known for its beautiful golden beaches with crystal clear waters, pine-scented forests, and superb climate, safe and stable settings ideal for luxurious lifestyle. It has gained popularity becoming an appealing destination for non-EU foreign nationals who are seeking to obtain citizenship.

Applicants can qualify for Cypriot Citizenship by making a minimum investment of €2 million. The passport can be obtained in 6 months.

BENEFITS AT A GLANCE• Citizenship in EU in 6 months • Dual citizenship is permitted; there is no need

to denounce other citizenship• No physical residence requirements during or

after the application procedure • No language requirements • No age requirements for the main applicant • Visa-free travel to 159 countries around the world

• Citizens have the right to live and work anywhere within 28 EU countries

• Citizens have the right to attend schools and universities within any EU country at special tuition rates

• Citizens have the right to security within the European social and legal system

• Access to well established EU healthcare systems • Citizenship can be passed to future generations

by descent• Beneficial tax regime for Cypriot passport holders, no

foreign income tax, no inheritance tax, no withholding tax on interest earned and lowest taxation rates in Europe for residents

• Free trade within the EU • Cyprus Residence Permit is issued within 5 days from

the submission of a joint application for residency and citizenship by investment

• Citizens of EU countries are well accepted and welcomed internationally

• Family members (spouses, unmarried children below the age of 28 and dependent parents of applicant) may obtain citizenship

Country Information Profile

Cyprus Citizenship Program

CYPRUS FAST FACTS

LOCATION North – Eastern of the Mediterranean SeaCAPITAL NicosiaTOTAL AREA 9,251 sq kmPOPULATION 1,182,465 LANGUAGE GreekRELIGIONS Greek OrthodoxGOVERNMENT TYPE Presidential Constitutional RepublicCURRENCY Euro (€)

Turkey

Cyprus

MEDITERRANEAN SEA

Lebanon

Syria

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Worldwide Investment Destinations

Visa Free TravelAMERICASAnguillaAntigua & BarbudaArgentinaArubaBahamasBarbadosBelizeBermudaBoliviaBrazilBritish Virgin IslandsCanadaCayman IslandsColumbiaCosta RicaCuracaoChileDominicaDominican RepublicDutch CaribbeanEcuadorEl SalvadorFalkland IslandsFrench GuianaGreenlandGrenadaGuadeloupeGuatemalaHaitiHondurasJamaicaMartiniqueMexicoMontserratNicaraguaPanamaParaguayPeruSt BarthélemySt Kitts & NevisSt LuciaSt MaartenSt MartinSt Pierre & MiquelonSt VincentTrinidad & Tobago

Turks & CaicosUruguayVenezuela

EUROPEAlbaniaAndorraAustriaBelgiumBosnia & HerzegovinaBulgariaCroatiaCyprusCzech RepublicDenmarkEstonia Faroe IslandsFinlandFranceGermanyGreeceGuernseyHungaryIcelandIrelandIsle of ManItalyJerseyLatviaLiechtensteinLithuaniaLuxembourgMacedoniaMaltaMoldovaMonacoMontenegroNetherlandsNorwayPolandPortugalRomaniaSan MarinoSerbiaSlovakiaSloveniaSpainSweden

SwitzerlandTurkeyUkraineUnited KingdomVatican City

AFRICABotswanaComorosDjiboutiEgyptGambiaKenyaLesothoMadagascarMauritiusMayotteMoroccoMozambiqueReunion

St HelenaSeychellesSouth AfricaSwazilandTanzaniaTogoTunisiaUgandaZambiaZimbabwe

ASIAArmeniaBangladeshBruneiCambodiaDarussalamGeorgiaHong KongIndonesiaIraqIsraelJapanJordanKyrgyzstanLaos

LebanonMacauMalaysiaMaldivesNepalOmanPhilippinesSingaporeSouth KoreaSri LankaTaiwanTimor Leste

OCEANIAAustraliaCook IslandsMicronesiaFijiFrench PolynesiaKiribatiMarshall IslandsNauruNew CaledoniaNew ZealandNiuePalauPapua New GuineaSamoaTokelauTongaTuvaluVanuatuWallis & Futuna

The applicant must own a permanent residence in Cyprus with a minimum value of €500,000 (excluding VAT) in addition to one of the following investment schemes:

Criterion A.1: Investment in Real Estate, Land Development and Infrastructure projects

The applicant must invest at least €2 million for the purchase or construction of immovable property or development creation such as residential or commercial developments, developments in the tourism sector or other infrastructure projects.

NB: In cases where the applicant invests at least €2 million in one or more strictly residential properties, then the applicant is not required to further purchase another residence.

Criterion A.2: Investment in Financial Assets of Cypriot Companies or Cypriot Organizations

The applicant must invest €2 million in order to purchase, create or participate in businesses or companies based and operating in the Republic of Cyprus. These businesses or companies must have a physical presence in Cyprus, substantial activity and a significant turnover and must also employ at least 5 Cypriot citizens or European Union citizens who during the five years preceding the filing of the application were residing in the Republic of Cyprus.

Criterion A.3: Investment in Alternative Investment Funds or Financial Assets of Cypriot Companies or Cypriot Organizations that are licensed by CYSEC

The applicant must invest at least €2 million in alternative investment funds established in Cyprus, licensed and supervised by the Cyprus Securities and Exchange Commission and exclusively making their investments in the Republic of Cyprus.

Criterion A.4: Combination of the aforementioned investments

The applicant may proceed with a combination of the above, provided that the total investment will amount to a minimum of €2 million.

Within this criterion, the applicant may include the purchase of special government bonds of the Republic of Cyprus of up to €500,000.

NB: In the case that the purchase value of the permanent privately owned residence in Cyprus exceeds the amount of €500,000, part of this additional amount can be used for purposes of supplementing the total amount of the investment made on the basis of the criteria of Part A above.

Cyprus Citizenship Program

Investment Schemes

INVESTMENT SCHEME - TIMELINE & PROCEDURE

Month 1 Step 1 Investor identifies his Investment in Cyprus.

Step 2 Completion of purchase of investment(s). Opening of client account and payment of legal and government possessing fees.

Step 3 All required documents collected. Investor visits Cyprus for filing of the completed citizenship application and filing of Residency Card application. Investor files for Residency Card and is issued within 5 days.

Step 4 The examination process at the Ministry of Interior is concluded in approximately 3 months from date of filing the citizenship application. Citizenship approval is granted.

Step 5 The 6 months residency requirement is completed from the date of issuance of the Residency Card.

Step 6 Applicant visits Cyprus and obtains naturalization certificate, Cypriot Passport and ID.

Month 3

Month 6

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Worldwide Investment Destinations

Visa Free TravelAMERICASAnguillaAntigua & BarbudaArgentinaArubaBahamasBarbadosBelizeBermudaBoliviaBrazilBritish Virgin IslandsCanadaCayman IslandsColumbiaCosta RicaCuracaoChileDominicaDominican RepublicDutch CaribbeanEcuadorEl SalvadorFalkland IslandsFrench GuianaGreenlandGrenadaGuadeloupeGuatemalaHaitiHondurasJamaicaMartiniqueMexicoMontserratNicaraguaPanamaParaguayPeruSt BarthélemySt Kitts & NevisSt LuciaSt MaartenSt MartinSt Pierre & MiquelonSt VincentTrinidad & Tobago

Turks & CaicosUruguayVenezuela

EUROPEAlbaniaAndorraAustriaBelgiumBosnia & HerzegovinaBulgariaCroatiaCyprusCzech RepublicDenmarkEstonia Faroe IslandsFinlandFranceGermanyGreeceGuernseyHungaryIcelandIrelandIsle of ManItalyJerseyLatviaLiechtensteinLithuaniaLuxembourgMacedoniaMaltaMoldovaMonacoMontenegroNetherlandsNorwayPolandPortugalRomaniaSan MarinoSerbiaSlovakiaSloveniaSpainSweden

SwitzerlandTurkeyUkraineUnited KingdomVatican City

AFRICABotswanaComorosDjiboutiEgyptGambiaKenyaLesothoMadagascarMauritiusMayotteMoroccoMozambiqueReunionBulgariaSt HelenaSeychellesSouth AfricaSwazilandTanzaniaTogoTunisiaUgandaZambiaZimbabwe

ASIAArmeniaBangladeshBruneiCambodiaDarussalamGeorgiaHong KongIndonesiaIraqIsraelJapanJordanKyrgyzstanLaos

LebanonMacauMalaysiaMaldivesNepalOmanPhilippinesSingaporeSouth KoreaSri LankaTaiwanTimor Leste

OCEANIAAustraliaCook IslandsMicronesiaFijiFrench PolynesiaKiribatiMarshall IslandsNauruNew CaledoniaNew ZealandNiuePalauPapua New GuineaSamoaTokelauTongaTuvaluVanuatuWallis & Futuna

The applicant must own a residential property in Cyprus with a minimum value of €500,000 (excluding VAT) and must own a valid Schengen visa prior to submitting an application in addition to the one of the

following investment schemes:

Criterion A.1: Investment in Real Estate, Land Development and Infrastructure projects

The applicant must invest at least €2 million for the purchase or construction of immovable property or development creation such as residential or commercial developments, developments in the tourism sector or other infrastructure projects.

NB: In cases where the applicant invests at least €2 million in one or more strictly residential properties, then the applicant is not required to further purchase another residence.

Criterion A.2: Investment in Financial Assets of Cypriot Companies or Cypriot Organizations

The applicant must invest €2 million in order to purchase, create or participate in businesses or companies based and operating in the Republic of Cyprus. These businesses or companies must have a physical presence in Cyprus, substantial activity and a significant turnover and must also employ at least 5 Cypriot citizens or European Union citizens who during the five years preceding the filing of the application were residing in the Republic of Cyprus.

Criterion A.3: Investment in Alternative Investment Funds or Financial Assets of Cypriot Companies or Cypriot Organizations that are licensed by CYSEC

The applicant must invest at least €2 million in alternative investment funds established in Cyprus, licensed and supervised by the Cyprus Securities and Exchange Commission and exclusively making their investments in the Republic of Cyprus.

Criterion A.4: Combination of the aforementioned investments

The applicant may proceed with a combination of the above, provided that the total investment will amount to a minimum of €2 million.

Within this criterion, the applicant may include the purchase of special government bonds of the Republic of Cyprus of up to €500,000.

NB: In the case that the purchase value of the permanent privately owned residence in Cyprus exceeds the amount of €500,000, part of this additional amount can be used for purposes of supplementing the total amount of the investment made on the basis of the criteria of Part A above.

Cyprus Citizenship Program

Investment Schemes

Month 1 Step 1

Step 2

Step 3

Step 4

Step 5

INVESTMENT SCHEME - TIMELINE & PROCEDURE

Investor identifies his Investment in Cyprus.

Completion of purchase of investment(s). Opening of client account and payment of legal and government possessing fees.

All required documents collected. Investor visits Cyprus for filing of the completed citizenship application and filing of Residency Card application. Investor flies for Residency Card and is issued within 5 days.

The examination process at the Ministry of Interior is concluded in approximately 3 months from date of filing the citizenship application. Citizenship approval is granted.

Applicant visits Cyprus and obtains naturalization certificate, Cypriot Passport and ID.

Month 3

Month 6

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

* If a residential property had already purchased under the CIP, the required investment is increased from €2 million to €2.5 million.