Government to limit Golden Visas to 700 a year

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Government to limit Golden Visas to 700 a year
 © BusinessMail 2018
By Stelios Orphanides

The council of ministers decided on Monday to limit the number of naturalisations of investors to 700 a year, starting this year.

The citizenship-by-investment scheme will also be renamed the “Cypriot Investment Scheme”, the Press and Information Office (PIO) said in an announcement after the cabinet meeting.

Every application will also be subjected to an enhanced due diligence, the PIO said, after the cabinet meeting.

Applicants, who will foot the bill for the enhanced due diligence process, will have to wait up to six months for their...


This article was automatically added to our system 21-5-2018

Government to limit Golden Visas to 700 a year


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