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All reports tagged with: "citizenship"

MP demands answers for Khmer Riche passports

Cyprus MP Irini Charalambidou on Thursday demanded answers from the government after Reuters named relatives and allies of Cambodia’s leader who acquired Cypriot passports.

Reuters investigates Cambodia Cyprus connection

Reuters has investigated the link between Cambodia and Cyprus as part of a larger exposé into how relatives and allies of Cambodia’s leader, Hun Se, have amassed wealth overseas.

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.

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