Cyprus “golden passports” to be revoked if wrongdoing found

6 November 2019
483 Views

Cyprus’ president pledged on Monday to revoke any of his island republic’s passports found to have been “mistakenly” granted to wealthy overseas investors under a controversial cash-for-citizenship program.

Nicos Anastasiades said errors may have been made in granting such so-called “golden passports” under an earlier, laxer version of the program.

“We have to admit mistakes” over some “blatant” instances where passports shouldn’t have been issued, Anastasiades told reporters. He said there could be “perhaps 10-15” such cases of investors whom vetting had failed to identify as ineligible.

The allure of a Cypriot passport, particularly to wealthy individuals from countries outside the European Union, is that holders also become EU citizens and can travel and work freely within the bloc.

You may be interested

Athenians flee capital after free movement allowed
GREECE
shares52 views
GREECE
shares52 views

Athenians flee capital after free movement allowed

makis - May 14, 2021

Greeks were leaving en-masse from the Attica basin to nearby islands and other destinations on Friday, following the official lifting…

Movement free across Greece
GREECE
shares45 views
GREECE
shares45 views

Movement free across Greece

Panos - May 14, 2021

Greeks will be allowed to move freely throughout the country from Friday, as the Deputy Minister to the Prime Minister…

Let’s be honest, Turkey cannot join the EU: Manfred Weber
GREECE
shares39 views
GREECE
shares39 views

Let’s be honest, Turkey cannot join the EU: Manfred Weber

Panos - May 14, 2021

“Let us be honest, Turkey cannot join the EU,” said Manfred Weber, the leader of the European Parliament’s People’s Party…

Leave a Comment

Your email address will not be published.