Cyprus Approves Only 27.6% of Applications Pending Since CIP Termination
Despite the Commission’s protestations, Cyprus kept processing applications pending since the CIP’s termination – but rejected most of them.
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cyprus
Cyprus to Revoke Another 45 Citizenships Obtained by Investment: Further Revocations Expected
In the wake of last year’s scandal, Cyprus aims to revoke 45 citizenships. Investors will get no refunds but will retain their properties.
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The Investment Value of Buy-to-Let Property in Limassol
An excellent climate (not only for doing business), a top-notch lifestyle proposition, a great buy-to-let value: Welcome to Limassol.
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A Summary of Investigations, Reports, and Legal Actions on Cyprus CIP So Far
As a 780-page report on the inquiry concludes more than half of naturalizations were illegal, Ahmad Abbas summarizes the Cyprus CIP debacle so far.
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Eur. Commission Makes Next Legal Move in Malta, Cyprus Infringement Procedures
The European Commission has sent a “Reasoned Opinion” to Cyprus and an “additional letter of formal notice” to Malta.
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Cyprus Prosecutor Opens Criminal Investigation of Unnamed CBI-Advisors
The accused reportedly face 37 distinct charges, based on the findings of a specialized government panel tasked with investigating the now-defunct program.
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US State Dept. Human Rights Report Flags Five CIPs for Transparency Concerns
The report noted shortcomings in transparency (and the potential or actualized corruption that such opacity engenders) among five CIPs.
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Reform for Cyprus’ Permanent Residency Program: New Investment Options
Applicants to the Cyprus Permanent Residency program now have more investment options than ever, writes Eleni Drakou.
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“Jho Low Was Never a Client”: Henley & Partners Respond to OCCRP Report
Henley & Partners says Jho Low was never their client. The Investment Migration Council says that an internal review is underway.
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Cyprus, Be Careful Not to Throw the Baby out With the Bathwater
Though poorly managed and structured, the CIP was a boon to the Cypriot economy. Michel de Martigny and David Lesperance offer a recipe for how to build back better.
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Closure of Cyprus CIP “a Great Travesty”: 10 on the Weekend – Steven Pepa
Steven Pepa, who admires Mohammed Asaria, believes matching investor migrants with private equity funds can make the latter more humane.
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Google’s Ex-CEO Becomes Cypriot Through Citizenship by Investment Program
Nuri Katz: “Schmidt cannot travel to Europe. He’s like everybody else — like a lot of other high-net-worth people who want to have options.”
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Applications Worth EUR 1.5 Billion Pending For Cyprus CIP Following Last-Minute Deluge of Filings
In the 18 days between the suspension-announcement and the deadline, Cyprus’ CIP received an additional 105 citizenship applications.
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As Cyprus’ CIP Officially Closes, Ministry Says No Deadline Extensions
As the Cypriot program comes to an end, hundreds of applications remain outstanding.
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Kochenov: Commission Would Likely Be “Humiliated” If CIP-Matter Goes to Court Over “Genuine Links”
MUST-READ: Prof Kochenov delivers a scathing rebuke of the Commission’s infringement action: “Unquestionably ultra vires and absolutely unacceptable.”
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How CBI-Specific Investment Assets Can Create a Moral Hazard Situation
To reduce the room for government officials to trade favors, let CBI-applicants invest in open markets, write Petrov, Shoylev, and Bekyarova.
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European Commission Launches Infringement Procedures Against Cyprus, Malta Over CIPs
Cyprus and Malta must now provide “satisfactory” answers within two months or see the matter referred to the European Court of Justice.
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The Two Chief Vulnerabilities of Cyprus’ CIP: One Easily Fixed, The Other Intractable
Cyprus’ CIP may yet re-emerge in a more robust form. Steven M. Pepa highlights the two weaknesses the program should tackle first.
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L’ecuyer: Suspending Cyprus CIP is “Right Thing to Do” – Expect Re-Launch in “Near Future,” Says Program Expert
Allegations, demonstrations, resignations, and investigations: Cyprus reels from the Al-Jazeera bombshell and heads have begun to roll.
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BREAKING: Cyprus to Terminate Citizenship by Investment Program on Nov 1st
The decision came after an emergency cabinet meeting that followed the publication of an undercover recording of several senior politicians.
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