Posts tagged with "Citizenship-through-investment scheme"

House releases funds for tougher checks on passport buyers Cyprus

House releases funds for tougher checks on passport buyers

April 15th, 20192049 The House finance committee on Monday released €1.4m that will be used to hire a specialised firm to carry out enhanced due diligence on people who apply for Cypriot citizenship as part of the island’s investment programme. Cyprus has been heavily criticised over its citizenship-by-investment programme, which the EU said lacked...
EU plans golden visa crackdown (Updated) Business

EU plans golden visa crackdown (Updated)

August 13th, 201810651 Brussels is planning to crack down on EU countries including Cyprus that award citizenships to rich third-country nationals amid growing concerns over dirty money from Russia, the Financial Times reported on Sunday. The FT quoted EU Commissioner for Justice, Vera Jurova, as saying that such schemes in eight member states will come...
MPs seek greater transparency on sale of passports Cyprus

MPs seek greater transparency on sale of passports

February 26th, 20184446 Lawmakers on Monday jumped on official data regarding the number of people acquiring Cypriot nationality through the citizenship-through-investment scheme, claiming the programme has spun out of control. Interior ministry officials were informing MPs that, from 2008 to the present day, naturalisations granted to persons through the...
Passport investment scheme a 'useful tool' to boost economy Business

Passport investment scheme a 'useful tool' to boost economy

October 16th, 20176163 The government does not directly receive any cash from the citizenship-through-investment scheme, the finance minister said on Monday. “The state does not collect a single euro. The benefit is an indirect one, and has to do with invigorating the economy through a series of investments in various sectors,” Harris Georgiades told...
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