Update on revised Cyprus (EU) citizenship by investment scheme

Pursuant to the Council of Ministers decision dated 19 March 2014, a non-Cypriot citizen who meets certain qualitative and investment criteria may apply for the acquisition of Cypriot (European Union) citizenship and Cyprus (EU) passport through naturalisation by exception.

Following the acquisition of Cypriot citizenship by the head applicant-investor, his or her spouse, as well as any financially dependent adult children (18 years old or above) of the applicant, will also be eligible to apply for Cypriot (EU) citizenship and Cyprus (EU) passport. Neither the spouse nor the children are obliged to meet any financial criteria.

Adult children are considered as financially dependent when: (a) they are students up to the age of 28 and are attending an institution of higher education aiming to obtain a diploma or an undergraduate or postgraduate qualification; or (b) they suffer from a severe physical or mental disability that makes them unable to work. Individuals who are studying for the acquisition of a professional qualification (i.e. chartered accountant or barrister), or individuals who are pursuing the acquisition of a second undergraduate or postgraduate qualification are not considered financially dependent.