Insider Economy CIP applications still reviewed on the basis of old criteria

CIP applications still reviewed on the basis of old criteria

Interior Minister Nicos Nouris has said that new regulations over the controversial Cyprus Investment Programme have not come into effect as yet. And that CIP applications are still reviewed on the basis of old criteria.

The Minister who was replying to a written question by Green Party MP George Perdikis also said that the terms of reference of the ad hoc committee focusing on the CIP include the submission of recommendations for the further improvement of the programme.

That is why it was considered inappropriate to modify the existing institutional framework by adopting new regulations before the ad hoc committee’s conclusions are presented.

“Therefore, the draft regulations have been sent to the ad hoc committee for comments, suggestions and conclusions and we are now expecting their response,” Nouris said.

“Any suggestions by the ad hoc committee will largely determine the next steps to be taken in promoting these regulations,” he added.

The Minister also clarified that no matter what, the  amended Law (36) of 2019 provides that conditions under which the naturalisation of foreign business people and investors are carried out – as determined by the Council of Ministers before the date of entry into force of the Amendment Act (which is January 31, 2020) – are still in force until new regulations are issued.

Read more:

https://in-cyprus.com/cabinet-approves-changes-in-cyprus-investment-program/

Top Stories

No deaths for 3rd consecutive day, slight drop in new cases

  No deaths for a third day running and 243 new cases were recorded in Cyprus today, a drop in number in comparison to yesterday's...

Where to get a rapid test on Sunday 28 February

  Aiming at the continuous surveillance of the community and the workplaces, the free programmes of rapid antigen testing of the general population and employees...

Illegal sale of Salamis marble on Ebay stopped

  A Russian man attempted to sell a piece of marble from the ancient Salamis archaeological site in the occupied territories, obtained through smugglers. The Ebay...

Government guided by science on covid, not politics, Presidency says

  The government is always guided by scientific evidence on covid policies, not political expediences, said Director of President Anastasiades' press office Victoras Papadopoulos,  in...

Turkey supports two-state ‘vision’ Erdogan tells Tatar

  Ankara continues to steadfastly support a two state 'vision' for the settlement of the Cyprus issue, based on the so-called 'equality of sovereignty' and...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...