‘Golden visas’ risk being exposed to fraud, insider says

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‘Golden visas’ risk being exposed to fraud,...
 © BusinessMail 2018
By Stelios Orphanides

Foreign investors applying for a Cypriot ‘golden visa’ may be exposed to malpractice and fraud if the government decides to grant companies or individuals selling investments the right to operate as licensed advisors, a stakeholder said this week.

“This is like allowing the producers of medicines to act as doctors as well,” said Akis Kyradjis, vice president at Arton Capital. “We find it hard to believe that the government will make Cyprus the only country in the world to declare officially that it allows conflict of interest in providing...


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‘Golden visas’ risk being exposed to fraud, insider says


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