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All reports tagged with: "citizenship-by-investment"

Sharp rise in property sales in February

February saw a sharp rise in property sales compared to the numbers sold in the corresponding month last year according to official figures published by the Department of Lands and Surveys.

Changes to Citizenship scheme approved

Changes to Cyprus’ controversial citizenship-by-investment scheme, which has granted 1,864 citizenships and generated €6.6 billion of foreign investment, have been approved by the Cabinet.

Citizenship linked to president’s family ties

Cypriot citizenship has been granted to a Russian billionaire; a former shareholder in a Russian bank whose premises in Limassol were built by a company co-owned by the president’s son-in-law.

Citizenship schemes need greater scrutiny

During his visit Cyprus, the Prime Minister of Malta Joseph Muscat said that level of scrutiny regarding European citizenship schemes needs to be upped and that, generally speaking, Malta’s system was in order.

Property: trust the numbers not the rumours

When it comes to property trust the numbers, not rumours says Yiannis Misirlis commenting on the views of Nobel Laureate in Economics Christopher Pissarides last Sunday.

EU citizenship schemes need full transparency

Cyprus has been told that all EU citizenship schemes need to have full transparency and Brussels has deployed experts to ensure these schemes prevent tax evasion, money laundering and security threats

Passport-for-sale schemes pose crime risks (Update)

The EU says that passport-for-sale schemes by Malta, Cyprus, and Bulgaria pose risks of infiltration of non-EU organised crime groups in the economy, money laundering, corruption and tax evasion.

A new property bubble in the making?

Nobel Laureate in Economics Christopher Pissarides believes there’s another bubble being created in the Cyprus property sector although George Mouskides refers to the rise in transactions as a “healthy increase”.

Almost 2,500 ‘golden visa’ applications

A list contained in a letter that was leaked to the media reveals that between May 2013 and August 2018 2,390 ‘golden visa’ applications were filed on behalf of foreign nationals seeking Cypriot naturalisation.

Cyprus ‘Golden Visa’ scheme poses high risk

Three European countries (Cyprus, Malta and Monaco) are amongst the twenty-one countries whose residence and citizenship by investment schemes potentially pose a high-risk says OECD.

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