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Cyprus intends to tighten the rules for issue of "golden passports"

*Starting from January 31, 2020, potential investors will find it much harder to obtain the “golden passports” of Cyprus.* The Parliament of Cyprus voted in favor of a bill tightening the issue of so-called “golden passports” to investors, as reported by the Cyprus Times newspaper. “golden passports” refer to passports and residence permits, granted in exchange for investments in t...

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Cyprus passport - new regulations and more demanding requirements, among other countries, has raised concerns about certain inherent risks of such programs, in particular as regarding security, money laundering, tax evasion, and corruption. As a result, **additional more demanding requirements for granting "golden passports" of the Republic of Cyprus to foreign citizens came into force on 15 of May 2019**. According to the Insider, for those candidates, w...

Path: Blog