See the faces behind the stories and explore data proving Cyprus sold passports to criminals and high-ranking officials. 3. While it admitted mistakes in recent years, it said tightening laws and checking applicants’ backgrounds were sufficient to stopping criminals getting passports. Move follows Al Jazeera investigation that implicated Christakis Giovanis, who is also a major real estate developer. In 2013, the threshold was lowered to 3,000,000 Euros and in September 2016 to 2,000,000 Euros respectively. In 2018, the name of the program was changed to Cyprus Investment Programme. Some countries which offer the opportunity to obtain citizenship by investment are Portugal, Greece, Malta, Spain, St Kitts and Nevis, Cyprus, and Grenada. This was not a one-case accident, it seems structural. Path it now!! Such a policy allows the island to attract substantial investments from abroad annually, which contributes to the development of the country’s economy. Parliamentary speaker Demetris Syllouris went even further, saying: “You can tell him that he will have, without mentioning my name or anybody else’s, full support from Cyprus. “The proposal was based on the long-standing weaknesses but also on the abusive exploitation of the provisions of the programme,” Tuesday’s statement said. 3 passport photographs 7. Cyprus’s Citizenship by Investment Program There is no denying that the program is aimed at high-net-worth and ultra-high net worth individuals. It offers the quickest method of obtaining EU citizenship, taking just six to eight months for application approval. The Cyprus Investment Programme can be obtained within just 6 months. Anyone wishing to establish Cypriot citizenship will find an panoply of possibilities. Investment Programme (The program has been abolished since 1 November 2020) Naturalization scheme based on years of residence (type M127) Application for Cyprus citizenship can be submitted by foreigners, who have completed a total of 7 years of legal residence in Cyprus (2555 days of staying in Cyprus) before the application date. Cyprus has become the most popular citizenship scheme for HNW investors in Europe. But I can promise, we shall do the best. Cyprus abolishes citizenship through investment programme. Do you have more info about golden passport sales or want to share another tip? CV for main applicant, plus any adult dependents 3. Hold no criminal record. Possess a valid passport. Furthermore, applicants are not required to reside in the country at all. Before 2013, the minimum investment requirements was 10,000,000 Euros. “We are aware of the latest declarations of the government and expect the Cypriot competent authorities to thoroughly look into this case.”. We had visited the island nation several times, but with Bukh and Associates working with us, we feel as though we truly have a home — and caring friends who continue to be there for us when we have questions. This investment can be made in construction, in a building, in a company, or in investment funds. The Cyprus Citizenship by Investment program offers the fastest and most assured route to gaining a European passport through investment in real estate. The programme has undergone various changes since … Affluent individuals with a clean criminal conduct are given the opportunity to become Cypriot citizens and thus to hold a secondary Cypriot passport by contributing to the country’s economic and social development. Depending on the country, the investment amount can vary from just over $100,000 (St Lucia and Dominica) to over $2.5 million (formerly in Cyprus), plus applicable processing and due diligence fees. If you name and citizenship information is exposed, this cause a lot of problems for you and your family such as receiving threats, investigations by authorities. Cyprus has been the world's juncture for generations - today is your turn. Cyprus has announced it will abolish a controversial passport scheme following an investigation by Al Jazeera that revealed how high-ranking politicians were willing to issue passports to convicted criminals. Second, the Cypriot program was enormously valuable by providing much needed foreign investment for the economy. HackedByMrSpy Hacked By Mr Spy Inject. Think of citizenship by investment as your shortcut to a second passport. After The Cyprus Papers, Cyprus defended its programme. Ever lay awake at night wondering what you’ve done? Passport Legacy provides a range of custom solutions for migration and can help you attain a Cyprus citizenship from Dubai. The ‘Cyprus Citizenship by Investment Program’ is one of the fastest and simplest investor citizenship programs in Europe and it is regulated by the Civil Registry Laws 2002-2015, particularly the Scheme for Naturalization of Investors in Cyprus by Exception. They also said their dealings with our undercover journalists were intended to gather information to support a report to the authorities without “tipping them off”. Birth certificate 4. These investments must be made in the 3 years leading up to when you apply. Citizenship by Investment Cyprus Cyprus offers the quickest, most assured route to citizenship of a European country through the Cypriot citizenship by investment programme. Individuals and families are coming from America, China and elsewhere to begin enjoying life in Cyprus from metropolitan Paphos in the … The interior and finance ministries said in a statement posted in Greek on Twitter that the citizenship through investment programme in its current form will be abolished from November 1. The idea of potentially giving up yo… The first on our list is Antigua and Barbuda, which is a twin-island country in the Caribbean. At any level – political, economic, social, everything – ok.”. The move comes after an Al Jazeera investigation showed that politicians were willing to help criminals acquire passports. Dutch MEP Sophie in ‘t Veld told Al Jazeera: “[The film] fully exposes the ‘citizenship by investment’ schemes for what they really are: a cover operation for bringing criminals and criminal money into the EU. Contact us on +974 5080 0207 (WhatsApp/Signal), or find other ways to reach out on our Tips page. They handled the entire process and made it easier than we could have imagined. Our largest panic was “how will we manage the paperwork?” Bukh and Associates eased our fears and wiped our panic away. Overview One of only two CIP programmes in Europe with official EU approval, the Cyprus Investment Programme (citizenship by investment) is authorised by the Ministry of Finance of the Republic of Cyprus. Cyprus offers most up-to-date Citizenship by Investment program available today — anywhere. It is usually required that you do not hold a criminal record and that your funds are acquired from a legal source. However, in an internal audit released late September, the country’s audit office found several weaknesses in the scheme. To give an idea of the process involved, here are the necessary steps: Step 1: Speak to us at CBI to ask any questions and begin the application process. To apply for this citizenship, you must invest 2,000,000 euros in the country. 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