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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Investing in Cyprus Real Estate During and After COVID-19 – The Untold Positive Implications of a Market Comeback.
The biggest gains in real estate investing belong to those who enter the market during times of crisis. Learn how to take advantage of the quick recovery.
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Eur. Commission Again Asks EU Members to “Phase Out” CIPs, Cyprus Sees “No Reason Why” it Should
You can tick all the boxes they ask you to and comply with all their demands but, come next year, the goalposts will have been moved and new boxes added.
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Cyprus CIP to Scrap Applicant-Cap, Process 700 Extra Cases to Raise COVID-Recovery Funds
As part of a broader plan to raise emergency funds, the Cypriot government wants to open for the processing of applications slated for next year right away.
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Cyprus Govt. Calls For Fast-Track Processing, St Kitts, St Lucia CIPs Go Fully Digital
Saint Kitts & Nevis, Saint Lucia, and Cyprus become the latest citizenship by investment jurisdictions to announce adaptive measures in the face of the crisis.
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Moneyval Reports on Cyprus CIP’s AML/CFT Vulnerabilities
A comprehensive report from the EU’s anti-money laundering watchdog gives cause for both optimism and concern. The IMC largely echoes the sentiment.
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Cyprus to Enshrine CIP in Law and Put Applications on Hold in the Meantime
Opposition lawmakers say no CIP applications submitted after January 31st can be considered until government presents new regulations in Parliament.
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Legal Technicality Holding Up Cyprus’ Revocation of 26 Citizenships
Cyprus intends to revoke at least 26 citizenships granted under the country’s CIP. That effort, however, has so far been stymied by Cyprus’ citizenship law.
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Cyprus Nears Visa Waiver Agreement With USA, Says Foreign Minister
The Cypriot Foreign Minister has told local press he expects new developments this year with regards to a visa-waiver agreement with the United States.
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As Cyprus CIP-Demand Dips, Banks Hesitate to Finance Luxury Towers, But Domestic Demand is Bullish
As CIP-demand slows, luxury developers are most likely to take the brunt of the impact while the overall market continues on a modest upward trajectory.
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Cyprus CIP Agents Have Until Feb 15 to Prove 2013-18 Clients Maintained Investments
Service providers must provide papers proving all their clients going back to 2013 kept their investments according to the requirements by February 15th.
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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 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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