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All reports tagged with: "citizenship"

New criteria for passport scheme

New criteria for those wishing to obtain a Cyprus passport through the much criticised citizenship by investment scheme will come into force next week and will include due diligence checks on applicants.

Chinese investors moving beyond citizenship scheme

Although initially attracted to Cyprus by the ‘citizenship by investment’ scheme, a banking source has said that we are seeing a decline in one-off buys with east Asian investors now focussing on investments requiring financing.

Larnaca new high-rise tower projects

In Larnaca, some 20 – 30 high-rise residential developments and hotels ranging from 10 to 30 stories are in the pipeline with construction expected to begin over the coming years.

Chinese investors still wooed by Cyprus passports

The South China Morning post reports that Chinese investors are seeking Cyprus passports despite the stricter criteria introduced last month for those seeking Cypriot citizenship.

Cypriot passport investment applications falling

New applications for Cypriot passports under the island’s ‘citizenship-by-investment scheme’ (aka passport-for-cash scheme) are falling, possibly as a result of the stricter rules introduced in May.

Tougher checks on citizenship bids

The EU says member states need to keep an eye on the number of citizenships they hand out in exchange for investment. Justice Commissioner Vera Jourova has warned that citizenships for sale represent a security threat.

Passports scheme could bring Dutch disease

The Fiscal Council has warned that overreliance on the Passports for Cash Scheme aka Citizenship by Investment Scheme aka Golden Visa Program could bring ‘Dutch disease’ to Cyprus.

Cyprus passport sales revealed

Following questions raised by Giorgos Perdikis concerning the transparency of the citizenship by investment aka passport for cash scheme the Cyprus News Agency reported the figures on Monday.

Citizenship scheme shrouded in secrecy

Transparency in the ‘Citizenship by Investment Scheme’ aka ‘Golden Visa Program’ aka ‘Passports for Cash Scheme’ will remove the veil of secrecy and silence those accusing Cyprus of trading in naturalisations.

Property for passports?

Speaking to Euronews Cypriot lawyer Dimitris Dimitriades defends the controversial Cyprus Citizenship Scheme, which has brought more than €4 billion into the Cypriot economy.

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