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ahmad-abbas , al-jazeera , cbi , cip , citizenship-by-investment , club , cyprus , editors-picks , europe , nicos-nouris

Cyprus’ Spat With Al-Jazeera Takes on Geopolitical Overtones

September 1, 2020

Ahmad AbbasJordan   On August 23rd, Al Jazeera published the first in a series of reports on the Cyprus CIP, based on a list of 1,400 citizenship applications the network said had been leaked to them earlier this summer. The “Cyprus Papers” branded the Mediterranean citizenship program as an...

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al-jazeera , cbi , cip , citizenship-by-investment , club , cyprus , eu , europe , media

“Neither Fair Nor Helpful”: Reactions to Al Jazeera Report on Cyprus

August 24, 2020

Christian NesheimEditor   Al Jazeera yesterday released the first articles in a series of investigative reports on the Cypriot Investment Program in which it names individuals of ill repute – some convicted, others accused – that obtained citizenships through investment in the Mediterranean country between 2017 and 2019, a...

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cbi , cip , citizenship-by-investment , club , cyprus , eleni-drakou , eu , europe , policy-updates

Cyprus Gazettes New CIP Regulations: Donation Amount Raised, Parents-in-Law Welcomed

August 20, 2020

Eleni DrakouCyprus   This Tuesday, after months of political procedure, the Official Gazette of Cyprus published the new regulations of the country’s citizenship by investment program. Lawyer and CIP expert Eleni Drakou provides a detailed explanation of the changes. The Cyprus Investment Program (CIP) has granted citizenship to an...

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cbi , cip , citizenship-by-investment , club , cyprus , europe , policy-updates

Cyprus’ Ruling Party Proposes €500,000 Additional Investment for Parents-in-Law

July 10, 2020

Ahmad AbbasJordan   As the EU’s intensifying pressure besieges Europe’s citizenship by investment programs (CIPs), marking them as potential money-laundering risks, the Cypriot government hopes a new series of reforms may alleviate the growing tension. Members of Parliament (MPs) say they are committed to fast-tracking bills concerning the CIP. The...

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cyprus , pandomus , real-estate , sponsored-feature

Investing in Cyprus Real Estate During and After COVID-19 – The Untold Positive Implications of a Market Comeback.

May 8, 2020

Pandomus GroupSponsor   While the coronavirus has stopped much of the world from operating, the return to normalcy seems worryingly undefined. As we find ourselves in unchartered territory, the level of uncertainty in the economy skyrockets and the recovery trajectory is difficult to forecast. The feeling is very similar...

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cbi , cip , citizenship-by-investment , club , cyprus , europe , european-commission , phase-out

Eur. Commission Again Asks EU Members to “Phase Out” CIPs, Cyprus Sees “No Reason Why” it Should

April 23, 2020

On April 1st, the European Commission once again sent a letter to member states Bulgaria, Malta, and Cyprus reiterating calls for a phasing out of their citizenship by investment programs. The Commission, reportedly, also demanded the countries present a plan for how exactly they would discontinue their programs, asking...

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backlog , cbi , cip , citizenship-by-investment , club , coronavirus , cyprus , europe , policy-updates

Cyprus CIP to Scrap Applicant-Cap, Process 700 Extra Cases to Raise COVID-Recovery Funds

April 16, 2020

Christian NesheimEditor   Having operated under a self-imposed annual cap of 700 applications, the Cyprus Citizenship by Investment Program will likely begin processing applications slated for 2021 already by the end of this month. In Cyprus reports that, due to the additional EUR 3.6-5 billion the Ministry of Finance...

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caribbean , cbi , cip , citizenship-by-investment , ciu , club , coronavirus , cyprus , europe , policy-updates , saint-kitts-and-nevis , saint-lucia

Cyprus Govt. Calls For Fast-Track Processing, St Kitts, St Lucia CIPs Go Fully Digital

March 31, 2020

Christian NesheimEditor   In the latest round of Corona-responses, the CIPs of Saint Kitts & Nevis and Saint Lucia announce they are also moving their processing entirely online, while the Cypriot government aims to speed up CIP application handling. In a measure brought to our attention by Astons, and...

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ahmad-abbas , bruno-lecuyer , cbi , cip , citizenship-by-investment , club , cyprus , europe , imc , moneyval

Moneyval and IMC Largely See Eye to Eye on Cyprus CIP’s AML/CFT Vulnerabilities

February 26, 2020

Ahmad AbbasJordan   Moneyval, one of the EU’s chief financial watchdogs, has submitted a detailed report highlighting Cyprus’ efforts in combating money laundering (ML) and terrorist financing (TF) within its internal financial structure. The report provided its readers with mixed results, praising the efforts of the Cypriot government’s in...

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cbi , cip , citizenship-by-investment , club , cyprus , david-lesperance , europe , nuri-katz , policy-updates , politics

Cyprus to Enshrine CIP in Law and Put Applications on Hold in the Meantime

February 12, 2020

Christian NesheimEditor   As reported last week, Cyprus’ plans to revoke 26 citizenships originally granted through the country’s citizenship by investment program have been stumped because the law under which investors may be naturalized doesn’t have a corresponding supplementary clause for revocations. “We have a problem with the law...

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