FOLD

FOLD

An important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values.

QUALIFICATIONS

Investment criteria

Offered in accordance with the Civil Registry Laws 2002-2013, the Naturalization of Investors by Exception Scheme is one of the fastest to lead to residence and citizenship in Europe. To qualify for application, you will need to meet one of the requirements outlined in the “Investment Options” section.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

Must have a valid passport;

Provide documents supporting the source and origin of the declared funds for investment;

Provide proof that the applicant has no criminal record;

The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;

Pay the application fees.

WHY CHOOSE CYPRUS?

Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities.

Benefits of the program

Fast-track procedure allowing for direct path to citizenship within three months;

No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years);

No language requirements for residence or citizenship;

No obligation to relinquish current nationality;

Low tax rates and free trade within the EU;

Legal system based on English common law;

Unrestricted right to live, work and study in Europe;

Right to own land in an EU member state;

Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea;

Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare;

An outstanding holiday destination.

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

INVESTMENT REQUIREMENTS

According to the Regulations issued by virtue of the Civil Registry Laws, foreign investors who wish to obtain Cypriot citizenship by investment need to meet the following requirements:

Must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT;

Must choose one of the prescribed investment options and maintain it for the required duration.

INVESTMENT OPTIONS

1. Mixed investments and a donation to a state fund

Applicants choosing this option must deposit €2 million for the purchase of shares and/or bonds of the State Investment Company (under formation) and should make a donation of at least €500,000 to the Research and Technology Fund.

Investors need to maintain the shares and/or bonds for a period of three years.

2. Direct investment

Applicants choosing this option must make a direct investment of at least €5 million in the purchase of one of the below:

Property

Businesses or companies

Financial assets

Investors need to maintain ownership of the assets for a period of three years.

3. Bank deposit

Applicants choosing this option must have a fixed term deposit of at least €5 million for three years in a Cypriot bank.

Financed Investment

Clients can leverage their capital by choosing to finance the required investment. They can pay a reduced amount of €350,000 that will be used to finance a €5 million closed 3-year deposit from a Cypriot bank. A loan is thereafter initiated and repaid at no further cost to the investor.

4. Combination of options 1, 2 and 3 amounting to at least €5 million

5. Business activities

Applicants choosing this option must be shareholders or beneficiary owners of a company, the management of which is in the Republic of Cyprus and the company has contributed at least €500,000 per annum in the past three years to state funds (corporate tax, VAT, etc.).

6. Persons whose deposits with the Bank of Cyprus or Popular Bank have been impaired

Applicants that have incurred an impairment in deposits on one or both of the aforementioned Banks amounting to a total of at least €3 million can apply for Cypriot citizenship. In case that the impairment incurred is less than €3 million, one can cover the difference by making an additional investment in the above-mentioned options.

APPLICATION FEES

Application fees for a typical family of four are:

Legal Fees: €50,000

Government Fees: start at €15,000 and vary with the number of dependents.

Additional taxes and duties apply. VAT may be reduced to 5% from the going rate under certain terms and conditions.

All application fees charged by the Cypriot government and Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

Copyright © 2014. Information has been verified at the time of print. In case of

discrepancies, the electronic version of this brochure prevails. Printed in UAE. 2014-02.

The Citizenship by Investment Program in Cyprus is offered by Arton Capital Holdings, a member of the Arton Group, and our local legal advisors Tassos Papadopoulos & Associates LLC. The above timeline is an estimate provided for information purposes only, based on experiences with past clients. Processing times and costs will vary depending on a number of factors. Arton Capital Holdings is not responsible for any changes to the estimations above; we can provide specific time and cost estimates on an individual basis. Please refer to our website for the most up-to-date information.

DOWNLOAD AN ELECTRONIC VERSION OF THIS DOCUMENT.

For more information, please contact us atINFO@ARTONCAPITAL.COM ARTONCAPITAL.COM

CYPRUSCitizenship-by-Investment Program

LOCATION South Eastern Europe, island in the Mediterranean Sea

CAPITAL Nicosia

TIME DIFFERENCEUTC +2

TOTAL AREA9,251 km2

AGE DEMOGRAPHICS0-14: 15.8%, 15-24: 15.8%, 25-54: 46.9%, 55-64: 10.6%, 65+: 11.0%

LANGUAGEGreek, Turkish, English widely spoken

RELIGIONS Greek Orthodox, Muslim, other

GOVERNMENT TYPEPresidential democracy

CURRENCYEuro (EUR)

EXCHANGE RATE1 USD = 0.78 EUR (2012)

ARTON INDEX

26,800 USDGDP (per capita) GDP (purchasing power parity) 23.36 billion USD (2012)

1,155,403Population Growth 1.52%

155Visa free countries

Updated yearly, the Arton Index is an overall assessment and comparative benchmark

of the country and its investment program

GLOBAL MOBILITY

16QUALITY OF LIFE

7SIMPLICITY

20SPEED15

COST12

70

STEPS AND TIMELINE

The table below breaks down the application process into 9 basic steps. Some require the applicant’s involvement while others are executed by Arton Capital, Tassos Papadopoulos & Associates LLC - our legal representatives, or the competent Cypriot financial institution (once the respective POAs have been granted by the applicant). Each step must be completed before continuing to the next.

STEP 1All necessary documents must be prepared by the applicant and signed before a Cypriot consul or a Court Registrar in Cyprus.

STEP 2Preparation of application file, signing of Sale Agreement for Residential Property and other required steps for the property transaction and completion of bank transaction.

STEP 3For the Financed Investment the funds must settle into the Cypriot bank, the full purchase price of the residential property must be remitted into the lawyer’s account, and fees and costs must be paid.

STEP 4Application lodged at the Ministry of Interior.

STEP 5 Approval, settlement of purchase price of residential property, settlement of remaining legal and processing fees.

STEP 6Issuance of naturalization certificate(s) and issuance of passport(s) for the main applicant and spouse.

STEP 7 All necessary documents must be prepared by applicant and signed before a Cypriot consul or a Court Registrar in Cyprus.STEP 8 Application lodged at the Ministry of Interior.

STEP 9 Issuance of naturalization certificate(s) and issuance of passport(s) for the family member(s).

PHASE IMain applicant (and spouse)

PHASE IIFamily members (subject to successful completion of Phase I)

MONTH 1

MONTH 3

Arton’s Global Citizen Programs are represented by a network of Certified Partners, who are proud members and supporters

of the Global Citizenship movement.

FOLD

FOLD

An important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values.

QUALIFICATIONS

Investment criteria

Offered in accordance with the Civil Registry Laws 2002-2013, the Naturalization of Investors by Exception Scheme is one of the fastest to lead to residence and citizenship in Europe. To qualify for application, you will need to meet one of the requirements outlined in the “Investment Options” section.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

Must have a valid passport;

Provide documents supporting the source and origin of the declared funds for investment;

Provide proof that the applicant has no criminal record;

The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;

Pay the application fees.

WHY CHOOSE CYPRUS?

Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities.

Benefits of the program

Fast-track procedure allowing for direct path to citizenship within three months;

No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years);

No language requirements for residence or citizenship;

No obligation to relinquish current nationality;

Low tax rates and free trade within the EU;

Legal system based on English common law;

Unrestricted right to live, work and study in Europe;

Right to own land in an EU member state;

Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea;

Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare;

An outstanding holiday destination.

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

INVESTMENT REQUIREMENTS

According to the Regulations issued by virtue of the Civil Registry Laws, foreign investors who wish to obtain Cypriot citizenship by investment need to meet the following requirements:

Must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT;

Must choose one of the prescribed investment options and maintain it for the required duration.

INVESTMENT OPTIONS

1. Mixed investments and a donation to a state fund

Applicants choosing this option must deposit €2 million for the purchase of shares and/or bonds of the State Investment Company (under formation) and should make a donation of at least €500,000 to the Research and Technology Fund.

Investors need to maintain the shares and/or bonds for a period of three years.

2. Direct investment

Applicants choosing this option must make a direct investment of at least €5 million in the purchase of one of the below:

Property

Businesses or companies

Financial assets

Investors need to maintain ownership of the assets for a period of three years.

3. Bank deposit

Applicants choosing this option must have a fixed term deposit of at least €5 million for three years in a Cypriot bank.

Financed Investment

Clients can leverage their capital by choosing to finance the required investment. They can pay a reduced amount of €350,000 that will be used to finance a €5 million closed 3-year deposit from a Cypriot bank. A loan is thereafter initiated and repaid at no further cost to the investor.

4. Combination of options 1, 2 and 3 amounting to at least €5 million

5. Business activities

Applicants choosing this option must be shareholders or beneficiary owners of a company, the management of which is in the Republic of Cyprus and the company has contributed at least €500,000 per annum in the past three years to state funds (corporate tax, VAT, etc.).

6. Persons whose deposits with the Bank of Cyprus or Popular Bank have been impaired

Applicants that have incurred an impairment in deposits on one or both of the aforementioned Banks amounting to a total of at least €3 million can apply for Cypriot citizenship. In case that the impairment incurred is less than €3 million, one can cover the difference by making an additional investment in the above-mentioned options.

APPLICATION FEES

Application fees for a typical family of four are:

Legal Fees: €50,000

Government Fees: start at €15,000 and vary with the number of dependents.

Additional taxes and duties apply. VAT may be reduced to 5% from the going rate under certain terms and conditions.

All application fees charged by the Cypriot government and Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

FOLD

FOLD

An important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values.

QUALIFICATIONS

Investment criteria

Offered in accordance with the Civil Registry Laws 2002-2013, the Naturalization of Investors by Exception Scheme is one of the fastest to lead to residence and citizenship in Europe. To qualify for application, you will need to meet one of the requirements outlined in the “Investment Options” section.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

Must have a valid passport;

Provide documents supporting the source and origin of the declared funds for investment;

Provide proof that the applicant has no criminal record;

The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;

Pay the application fees.

WHY CHOOSE CYPRUS?

Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities.

Benefits of the program

Fast-track procedure allowing for direct path to citizenship within three months;

No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years);

No language requirements for residence or citizenship;

No obligation to relinquish current nationality;

Low tax rates and free trade within the EU;

Legal system based on English common law;

Unrestricted right to live, work and study in Europe;

Right to own land in an EU member state;

Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea;

Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare;

An outstanding holiday destination.

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

INVESTMENT REQUIREMENTS

According to the Regulations issued by virtue of the Civil Registry Laws, foreign investors who wish to obtain Cypriot citizenship by investment need to meet the following requirements:

Must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT;

Must choose one of the prescribed investment options and maintain it for the required duration.

INVESTMENT OPTIONS

1. Mixed investments and a donation to a state fund

Applicants choosing this option must deposit €2 million for the purchase of shares and/or bonds of the State Investment Company (under formation) and should make a donation of at least €500,000 to the Research and Technology Fund.

Investors need to maintain the shares and/or bonds for a period of three years.

2. Direct investment

Applicants choosing this option must make a direct investment of at least €5 million in the purchase of one of the below:

Property

Businesses or companies

Financial assets

Investors need to maintain ownership of the assets for a period of three years.

3. Bank deposit

Applicants choosing this option must have a fixed term deposit of at least €5 million for three years in a Cypriot bank.

Financed Investment

Clients can leverage their capital by choosing to finance the required investment. They can pay a reduced amount of €350,000 that will be used to finance a €5 million closed 3-year deposit from a Cypriot bank. A loan is thereafter initiated and repaid at no further cost to the investor.

4. Combination of options 1, 2 and 3 amounting to at least €5 million

5. Business activities

Applicants choosing this option must be shareholders or beneficiary owners of a company, the management of which is in the Republic of Cyprus and the company has contributed at least €500,000 per annum in the past three years to state funds (corporate tax, VAT, etc.).

6. Persons whose deposits with the Bank of Cyprus or Popular Bank have been impaired

Applicants that have incurred an impairment in deposits on one or both of the aforementioned Banks amounting to a total of at least €3 million can apply for Cypriot citizenship. In case that the impairment incurred is less than €3 million, one can cover the difference by making an additional investment in the above-mentioned options.

APPLICATION FEES

Application fees for a typical family of four are:

Legal Fees: €50,000

Government Fees: start at €15,000 and vary with the number of dependents.

Additional taxes and duties apply. VAT may be reduced to 5% from the going rate under certain terms and conditions.

All application fees charged by the Cypriot government and Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

FOLD

FOLD

An important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values.

QUALIFICATIONS

Investment criteria

Offered in accordance with the Civil Registry Laws 2002-2013, the Naturalization of Investors by Exception Scheme is one of the fastest to lead to residence and citizenship in Europe. To qualify for application, you will need to meet one of the requirements outlined in the “Investment Options” section.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

Must have a valid passport;

Provide documents supporting the source and origin of the declared funds for investment;

Provide proof that the applicant has no criminal record;

The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;

Pay the application fees.

WHY CHOOSE CYPRUS?

Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities.

Benefits of the program

Fast-track procedure allowing for direct path to citizenship within three months;

No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years);

No language requirements for residence or citizenship;

No obligation to relinquish current nationality;

Low tax rates and free trade within the EU;

Legal system based on English common law;

Unrestricted right to live, work and study in Europe;

Right to own land in an EU member state;

Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea;

Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare;

An outstanding holiday destination.

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

INVESTMENT REQUIREMENTS

According to the Regulations issued by virtue of the Civil Registry Laws, foreign investors who wish to obtain Cypriot citizenship by investment need to meet the following requirements:

Must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT;

Must choose one of the prescribed investment options and maintain it for the required duration.

INVESTMENT OPTIONS

1. Mixed investments and a donation to a state fund

Applicants choosing this option must deposit €2 million for the purchase of shares and/or bonds of the State Investment Company (under formation) and should make a donation of at least €500,000 to the Research and Technology Fund.

Investors need to maintain the shares and/or bonds for a period of three years.

2. Direct investment

Applicants choosing this option must make a direct investment of at least €5 million in the purchase of one of the below:

Property

Businesses or companies

Financial assets

Investors need to maintain ownership of the assets for a period of three years.

3. Bank deposit

Applicants choosing this option must have a fixed term deposit of at least €5 million for three years in a Cypriot bank.

Financed Investment

Clients can leverage their capital by choosing to finance the required investment. They can pay a reduced amount of €350,000 that will be used to finance a €5 million closed 3-year deposit from a Cypriot bank. A loan is thereafter initiated and repaid at no further cost to the investor.

4. Combination of options 1, 2 and 3 amounting to at least €5 million

5. Business activities

Applicants choosing this option must be shareholders or beneficiary owners of a company, the management of which is in the Republic of Cyprus and the company has contributed at least €500,000 per annum in the past three years to state funds (corporate tax, VAT, etc.).

6. Persons whose deposits with the Bank of Cyprus or Popular Bank have been impaired

Applicants that have incurred an impairment in deposits on one or both of the aforementioned Banks amounting to a total of at least €3 million can apply for Cypriot citizenship. In case that the impairment incurred is less than €3 million, one can cover the difference by making an additional investment in the above-mentioned options.

APPLICATION FEES

Application fees for a typical family of four are:

Legal Fees: €50,000

Government Fees: start at €15,000 and vary with the number of dependents.

Additional taxes and duties apply. VAT may be reduced to 5% from the going rate under certain terms and conditions.

All application fees charged by the Cypriot government and Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

FOLD

FOLD

An important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values.

QUALIFICATIONS

Investment criteria

Offered in accordance with the Civil Registry Laws 2002-2013, the Naturalization of Investors by Exception Scheme is one of the fastest to lead to residence and citizenship in Europe. To qualify for application, you will need to meet one of the requirements outlined in the “Investment Options” section.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

Must have a valid passport;

Provide documents supporting the source and origin of the declared funds for investment;

Provide proof that the applicant has no criminal record;

The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;

Pay the application fees.

WHY CHOOSE CYPRUS?

Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities.

Benefits of the program

Fast-track procedure allowing for direct path to citizenship within three months;

No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years);

No language requirements for residence or citizenship;

No obligation to relinquish current nationality;

Low tax rates and free trade within the EU;

Legal system based on English common law;

Unrestricted right to live, work and study in Europe;

Right to own land in an EU member state;

Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea;

Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare;

An outstanding holiday destination.

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

INVESTMENT REQUIREMENTS

According to the Regulations issued by virtue of the Civil Registry Laws, foreign investors who wish to obtain Cypriot citizenship by investment need to meet the following requirements:

Must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT;

Must choose one of the prescribed investment options and maintain it for the required duration.

INVESTMENT OPTIONS

1. Mixed investments and a donation to a state fund

Applicants choosing this option must deposit €2 million for the purchase of shares and/or bonds of the State Investment Company (under formation) and should make a donation of at least €500,000 to the Research and Technology Fund.

Investors need to maintain the shares and/or bonds for a period of three years.

2. Direct investment

Applicants choosing this option must make a direct investment of at least €5 million in the purchase of one of the below:

Property

Businesses or companies

Financial assets

Investors need to maintain ownership of the assets for a period of three years.

3. Bank deposit

Applicants choosing this option must have a fixed term deposit of at least €5 million for three years in a Cypriot bank.

Financed Investment

Clients can leverage their capital by choosing to finance the required investment. They can pay a reduced amount of €350,000 that will be used to finance a €5 million closed 3-year deposit from a Cypriot bank. A loan is thereafter initiated and repaid at no further cost to the investor.

4. Combination of options 1, 2 and 3 amounting to at least €5 million

5. Business activities

Applicants choosing this option must be shareholders or beneficiary owners of a company, the management of which is in the Republic of Cyprus and the company has contributed at least €500,000 per annum in the past three years to state funds (corporate tax, VAT, etc.).

6. Persons whose deposits with the Bank of Cyprus or Popular Bank have been impaired

Applicants that have incurred an impairment in deposits on one or both of the aforementioned Banks amounting to a total of at least €3 million can apply for Cypriot citizenship. In case that the impairment incurred is less than €3 million, one can cover the difference by making an additional investment in the above-mentioned options.

APPLICATION FEES

Application fees for a typical family of four are:

Legal Fees: €50,000

Government Fees: start at €15,000 and vary with the number of dependents.

Additional taxes and duties apply. VAT may be reduced to 5% from the going rate under certain terms and conditions.

All application fees charged by the Cypriot government and Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

FOLD

FOLD

An important hub in the heart of the Mediterranean, at the crossroads of Europe, Africa and Asia, Cyprus is diverse, culturally rich and perfectly placed for working and traveling within and beyond the European Union. The economy is rapidly recovering from recent recession through significant activities in the shipping, tourism, the legal and financial services sectors, and has also seen a surge in foreign investments and developments, property and investment values.

QUALIFICATIONS

Investment criteria

Offered in accordance with the Civil Registry Laws 2002-2013, the Naturalization of Investors by Exception Scheme is one of the fastest to lead to residence and citizenship in Europe. To qualify for application, you will need to meet one of the requirements outlined in the “Investment Options” section.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

Must have a valid passport;

Provide documents supporting the source and origin of the declared funds for investment;

Provide proof that the applicant has no criminal record;

The applicant’s name must not be included in the list of persons whose property is ordered to be frozen within the boundaries of the EU;

Pay the application fees.

WHY CHOOSE CYPRUS?

Cyprus boasts a rich and diverse culture, mild Mediterranean climate, a safe and stable setting which is ideal for raising families, and perfect location for business and travelling. Investors also look at Cyprus for business and investment purposes recognizing numerous investment opportunities.

Benefits of the program

Fast-track procedure allowing for direct path to citizenship within three months;

No physical residence requirements during or after the application procedure (the only requirement is for one visit every 7 years);

No language requirements for residence or citizenship;

No obligation to relinquish current nationality;

Low tax rates and free trade within the EU;

Legal system based on English common law;

Unrestricted right to live, work and study in Europe;

Right to own land in an EU member state;

Strategic geographical location, forming a bridge between the EU, the Middle East, and North Africa with direct access to the Mediterranean Sea;

Low crime rate, excellent education system with a number of high standard schools and universities and first-rate healthcare;

An outstanding holiday destination.

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

CYPRUS CITIZENSHIP-BY-INVESTMENT PROGRAM

INVESTMENT REQUIREMENTS

According to the Regulations issued by virtue of the Civil Registry Laws, foreign investors who wish to obtain Cypriot citizenship by investment need to meet the following requirements:

Must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500,000 plus applicable VAT;

Must choose one of the prescribed investment options and maintain it for the required duration.

INVESTMENT OPTIONS

1. Mixed investments and a donation to a state fund

Applicants choosing this option must deposit €2 million for the purchase of shares and/or bonds of the State Investment Company (under formation) and should make a donation of at least €500,000 to the Research and Technology Fund.

Investors need to maintain the shares and/or bonds for a period of three years.

2. Direct investment

Applicants choosing this option must make a direct investment of at least €5 million in the purchase of one of the below:

Property

Businesses or companies

Financial assets

Investors need to maintain ownership of the assets for a period of three years.

3. Bank deposit

Applicants choosing this option must have a fixed term deposit of at least €5 million for three years in a Cypriot bank.

Financed Investment

Clients can leverage their capital by choosing to finance the required investment. They can pay a reduced amount of €350,000 that will be used to finance a €5 million closed 3-year deposit from a Cypriot bank. A loan is thereafter initiated and repaid at no further cost to the investor.

4. Combination of options 1, 2 and 3 amounting to at least €5 million

5. Business activities

Applicants choosing this option must be shareholders or beneficiary owners of a company, the management of which is in the Republic of Cyprus and the company has contributed at least €500,000 per annum in the past three years to state funds (corporate tax, VAT, etc.).

6. Persons whose deposits with the Bank of Cyprus or Popular Bank have been impaired

Applicants that have incurred an impairment in deposits on one or both of the aforementioned Banks amounting to a total of at least €3 million can apply for Cypriot citizenship. In case that the impairment incurred is less than €3 million, one can cover the difference by making an additional investment in the above-mentioned options.

APPLICATION FEES

Application fees for a typical family of four are:

Legal Fees: €50,000

Government Fees: start at €15,000 and vary with the number of dependents.

Additional taxes and duties apply. VAT may be reduced to 5% from the going rate under certain terms and conditions.

All application fees charged by the Cypriot government and Arton are subject to change. These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

Copyright © 2014. Information has been verified at the time of print. In case of

discrepancies, the electronic version of this brochure prevails. Printed in UAE. 2014-02.

The Citizenship by Investment Program in Cyprus is offered by Arton Capital Holdings, a member of the Arton Group, and our local legal advisors Tassos Papadopoulos & Associates LLC. The above timeline is an estimate provided for information purposes only, based on experiences with past clients. Processing times and costs will vary depending on a number of factors. Arton Capital Holdings is not responsible for any changes to the estimations above; we can provide specific time and cost estimates on an individual basis. Please refer to our website for the most up-to-date information.

DOWNLOAD AN ELECTRONIC VERSION OF THIS DOCUMENT.

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CYPRUSCitizenship-by-Investment Program

LOCATION South Eastern Europe, island in the Mediterranean Sea

CAPITAL Nicosia

TIME DIFFERENCEUTC +2

TOTAL AREA9,251 km2

AGE DEMOGRAPHICS0-14: 15.8%, 15-24: 15.8%, 25-54: 46.9%, 55-64: 10.6%, 65+: 11.0%

LANGUAGEGreek, Turkish, English widely spoken

RELIGIONS Greek Orthodox, Muslim, other

GOVERNMENT TYPEPresidential democracy

CURRENCYEuro (EUR)

EXCHANGE RATE1 USD = 0.78 EUR (2012)

ARTON INDEX

26,800 USDGDP (per capita) GDP (purchasing power parity) 23.36 billion USD (2012)

1,155,403Population Growth 1.52%

155Visa free countries

Updated yearly, the Arton Index is an overall assessment and comparative benchmark

of the country and its investment program

GLOBAL MOBILITY

16QUALITY OF LIFE

7SIMPLICITY

20SPEED15

COST12

70

STEPS AND TIMELINE

The table below breaks down the application process into 9 basic steps. Some require the applicant’s involvement while others are executed by Arton Capital, Tassos Papadopoulos & Associates LLC - our legal representatives, or the competent Cypriot financial institution (once the respective POAs have been granted by the applicant). Each step must be completed before continuing to the next.

STEP 1All necessary documents must be prepared by the applicant and signed before a Cypriot consul or a Court Registrar in Cyprus.

STEP 2Preparation of application file, signing of Sale Agreement for Residential Property and other required steps for the property transaction and completion of bank transaction.

STEP 3For the Financed Investment the funds must settle into the Cypriot bank, the full purchase price of the residential property must be remitted into the lawyer’s account, and fees and costs must be paid.

STEP 4Application lodged at the Ministry of Interior.

STEP 5 Approval, settlement of purchase price of residential property, settlement of remaining legal and processing fees.

STEP 6Issuance of naturalization certificate(s) and issuance of passport(s) for the main applicant and spouse.

STEP 7 All necessary documents must be prepared by applicant and signed before a Cypriot consul or a Court Registrar in Cyprus.STEP 8 Application lodged at the Ministry of Interior.

STEP 9 Issuance of naturalization certificate(s) and issuance of passport(s) for the family member(s).

PHASE IMain applicant (and spouse)

PHASE IIFamily members (subject to successful completion of Phase I)

MONTH 1

MONTH 3

Arton’s Global Citizen Programs are represented by a network of Certified Partners, who are proud members and supporters

of the Global Citizenship movement.

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Arton’s Global Citizen Programsare represented by:

Certified Partner and supporter of theGlobal Citizenship movement.