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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cyprus
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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Cyprus’ Citizenship Program Risks Falling Victim to Geopolitics
Daniel Lucas: Al Jazeera’s series caused a mild political crisis in Cyprus and threatened the future of the CIP. What’s beneath the surface?
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Cyprus’ Spat With Al-Jazeera Takes on Geopolitical Overtones
Cypriot authorities react to what they consider an injustice; pointing out procedural weaknesses long-since acknowledged and dealt with.
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“Neither Fair Nor Helpful”: Reactions to Al Jazeera Report on Cyprus
Al Jazeera names disreputable individuals who received citizenships under the country’s CIP during a period in which vetting was lax.
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Cyprus Gazettes New CIP Regulations: Donation Amount Raised, Parents-in-Law Welcomed
Lawyer and Cyprus CIP expert Eleni Drakou provides a detailed explanation of the program’s new regulations, which took effect this Tuesday.
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Cyprus’ Ruling Party Proposes €500,000 Additional Investment for Parents-in-Law
MPs are fast-tracking CIP-related bills that would make it easier to revoke citizenships and far costlier to include parents-in-law.
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Cyprus Govt. Approves New CIP Regulations to Render Program Beyond Reproach
The subject of criticism from EU institutions for years, Cyprus is putting in place new regulations it hopes will leave it well-nigh unimpeachable.
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