Cyprus Citizenship by Investment Program “Sold Out” Until 2021
If you thought backlogs were only a North American residence program phenomenon, think again; Retrogression has arrived in Europe.
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cyprus
Cyprus to Revoke 26 Citizenships Granted Under Pre-2018 CIP
The Cypriot government says it will revoke 26 citizenships granted before 2018. Among the individuals affected are eight Cambodians and one Malaysian.
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The Jho Low Cyprus Case: What We Know and What We Don’t
The big story in investment migration this week involves Jho Low, Cyprus’ government, private business, due diligence providers, and even the clergy.
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Jho Low “Has Never Been Our Client”- Firm Responds to Claims it Helped Fugitive Obtain Cyprus Passport
A Cyprus newspaper claims the country’s CIP approved fugitive Jho Low in 2015 with the help of Henley & Partners. The firm categorically denies the claims.
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Cyprus to Conduct Retroactive Due Diligence on Pre-2018 CIP Investors
Cyprus will conduct due diligence on past applicants, audits on all investors at regular intervals in the future, and revoke citizenships if necessary.
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Slowing Demand and Potential Greek CIP Have Cyprus Developers On Edge
“We are barely able to sell one passport a month,” said the chairman of the Association of Property Valuers, Polis Kourousides last week.
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Investment in Cyprus CIP Passes EUR 1 Billion in 2019 With Months to Spare
Partly spurred on by a pending price-hike, investors have picked up some EUR 1.1 billion in (mostly) real estate assets so far this year.
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Cypriot MPs Once More Calling for Publication of Investors’ Names
MP George Perdikis has tabled a bill that would see CIP-applicants’ names published. Data Protection Commissioner Loizidou is again compelled to intervene.
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Cyprus Luxury Home Sales Slump on Introduction of CIP Contribution Requirement
Following the Cypriot citizenship by investment program’s introduction of a €150,000 donation requirement in May, luxury property sales in Cyprus have taken a hit.
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How Many m2 of Property Do Residence by Investment Programs Buy You in Europe?
Adjusting for differences in minimum requirements, you’ll get three times as many square meters in the cheapest market as in the most expensive.
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Greek Govt. Planning a Citizenship by Investment Program, Unconfirmed Reports Say
Greece’s new center-right government is the reported main catalyst of the plans, which would take direct aim at Cyprus’ market share.
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Cyprus CIP Investors Who Began Process Under Old Rules to Be Grandfathered in, Avoiding €150k Donation
On Monday, Cyprus’ Council of Ministers decided to grant an exemption from the €150,000 donation requirement to those investors who began the CIP investment process prior to the new rules.
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Cyprus Citizenship Program Raises Mininum Investment, Reports €6.6 Billion Revenue Since 2013
Having lowered the minimum investment requirement for its citizenship by investment program in 2016, from €2.5 million to €2 million,
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Cyprus’ CIP Has More Agents Than All Others Combined, But Saint Kitts Has Twice as Many on Per Capita Basis
With 562 registered service providers, the Cypriot CIP has more accredited agents than all other citizenship by investment programs combined, but walk past a thousand Kittitians on the street and you’ll run into at least one licensee.
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Cyprus CIP Could Reach 700 Naturalizations Limit This Year
In the first seven months of 2018, Cyprus had already received 521 applications for citizenship by investment. Unless it rejects
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Cypriot President Responds to “Targeting” of Citizenship Program in European Parliament
During a debate among members of the European Parliament in Strasbourg, earlier this week, President Nicos Anastasiades of Cyprus came
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Astons announces the opening of its new Cyprus office in Limassol
Due to the growing demand for the Cyprus Investment Scheme (citizenship by investment program), Astons felt the time was right
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Cyprus CIP Seeking DD-Partner, May Raise Program Price to Fund Housing Subsidies
The Cypriot government says it may raise the Cyprus citizenship program’s minimum investment requirement by EUR 50,000 to finance rent
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EU Committee Calls for Golden Visas and CIPs to be “Phased Out as Soon as Possible”
In a draft report published yesterday, the European Parliament’s Financial Crimes, Tax Evasion, and Tax Avoidance Committee is calling for
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CIP Doesn’t Reduce Tax Transparency in Cyprus Says Head of CPA Institute
Cyprus is preparing a response to the OECD, in an attempt to remove its citizenship programme (the Cyprus Investment Programme)
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