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2020-11-29

【Cross-Border Tax】

CYPRUS: Investor visa scheme to end / Seven investor passports to be revoked

(1)

Cyprus’ government has announced the termination of its current citizenship-by-investment programme with effect from 1 November 2020, following disclosures that senior politicians are being investigated for supporting improper passport applications.


News Source:【 BBC News 2020/10/13


(2)

Cyprus’ government has begun the process of revoking seven passports allegedly obtained by fraudulent applications to its citizenship-by-investment programme.


News Source:【Organized Crime and Corruption Reporting Project 2020/10/09

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