Cyprus Suspends Golden Visa Program Due to Corruption Allegations

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Cyprus Suspends Golden Visa Program Due to...
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The nation of Cyprus has abruptly stopped the issuance of Golden Visas after a press report  and video showed alleged corruption in the process, in which foreigners were welcomed to pay for a visa allowing them residence in the country — and therefore, in the European Union.

After years of denying that the system was used by criminals, primarily money launderers. to buy residence, an Al Jazeera report and video showed there were serious issues with the process.

The video led to an emergency meeting of the Cypriot cabinet, during which the generous program was abruptly...


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Cyprus Suspends Golden Visa Program Due to Corruption Allegations


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