Cyprus CIP Caps Applications, Implements Tougher DD, Changes Official Name

Cyprus’ Council of Ministers yesterday announced several significant amendments to the country’s Citizenship by Investment Programme. The changes include capping the number of naturalizations at 700 a year, changing the program’s official name, and tightening due diligence. The cap on applications will come into effect already this year, according to the Cyprus Mail. The article

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EB-5 Quota Likely to Expand to 24,000 Applicants, Say Industry Leaders

Robert Kraft of IIUSA and Scott Barnhart speak to Investment Migration Insider about why they believe the new law on EB-5 will not be ready by December 8th this year, but that when it is ready it will allow for as many as 24,000 applicants to participate in the program. Our readers are the best-informed

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