The current Cypriot administration has revoked citizenship from 150 people, including 41 main investors and 109 family members.
A Chinese man wanted by Interpol for bribery claims Cypriot authorities didn’t notify him of his passport’s revocation, but the court found no ‘irreparable harm.’
“One of the biggest challenges is keeping up with an ever-changing regulatory landscape […] In this industry if you fall behind, you lose.”
Having only approved 28% of pending applications, the Cypriot government is now legally bound to review hundreds of rejected CIP cases.
“While Cyprus may not offer a magic key to the Schengen Zone, it unlocks a treasure chest of other opportunities,” writes Demetris Demetriades of Andreas Demetriades & Co.