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CYPRUS TO SCRAP CURRENT PASSPORT INVESTMENT SCHEME - CABINET

 Cyprus Mail 13 October 2020 - by George Psyllides



The government said Tuesday it was scrapping the citizenship by investment programme in its current form from November 1.

The decision followed a damning report by Al Jazeera whose undercover journalists filmed House president Demetris Syllouris and Akel MP Christakis Giovanis appearing ready to help a Chinese businessman with a criminal record secure a Cypriot passport.

Both men have denied any wrongdoing while parties have called for Syllouris’ resignation.


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