Insider Business Process of revocation of Cyprus passports legally stuck

Process of revocation of Cyprus passports legally stuck

The process of revoking Cyprus passports from 26 rich foreign investors and family members from outside the EU appears to be more difficult than anticipated.

The decision was taken by the Council of Ministers back in November, however, no proceedings have been initiated yet because the process is legally stuck, informed sources told Phileleftheros.

Specifically, articles of the Republic’s law paving the way for a passport to be revoked do not cover cases of naturalised investors.

The gap appears to be in the Law on Registration of Population Act of 2002 (141 (I) / 2002) and more specifically in section 113 which provides for deprivation of a citizenship.

The article in question states that “A citizen of the Republic who is a citizen by registration or is a naturalised person shall cease to be a citizen of…The Council of Ministers, by decree, may deprive any citizen of the Republic who is a naturalized citizen by virtue of its provisions in Article 111 or a person registered under the provisions of subsection (2) of Article 110, if (the Council) is satisfied that:

  1. a) By deeds or words, that person has expressed dishonesty or malice towards the Republic;

(b) in any war carried out by the Republic that person was illegally engaged in a transaction or communicated with the enemy or engaged in any operation which was carried out within his knowledge to assist the enemy;

(c) within ten (10) years of registration or naturalization, that person has been convicted of imprisonment for a particularly heinous crime or for an offense involving moral obscenity in any country; provided that the conviction in question concerns an offense which is also an offense in the Republic of Cyprus and which is particularly abhorrent or morally abusive and carries a prison sentence.”

Phileleftheros research shows that Cypriot citizenship was granted to a total of 579 people in 2019, with the vast majority of approvals referring to applications submitted before May 15 when new stricter criteria came into force.

The Republic has now also introduced the maximum number of naturalizations per year to be 700.

Over 700 applications are currently pending and insiders have assured that absolutely no new application will be considered – at least within 2020.

At European level, the intention for common checks at countries offering such investment programs to be introduced seems to be taking its time.

There is concern, however, that the so-called “golden passports” may be a backdoor into the EU for criminal gangs or government officials to launder huge sums, or evade tax.

By Antonis Antoniou

 

Read more:

https://in-cyprus.com/passports-are-the-barometer-for-real-estate-in-cyprus/

Top Stories

She caused an accident under the influence of drugs and alcohol

A 39 year old woman was arrested after she caused an accident last night in a Nicosia area and was found to be intoxicated...

Drop in new covid cases and hospitalised, 202 and one death

  Cyprus recorded one covid-19 death over the past 24 hours, raising the number of victims to 167, 111 men and 56 women with an...

Rapid test locations on Sunday

  Here are the rapid test locations for Sunday January 17 Limassol Tassos Papadopoulos Building-Technical University Limassol (corner of Ifigeneias and Themidos) 8.30-04.30 Ayia Varvara Church Zakaki 9.00-04.30 Ayios Stylianos Church,...

Low visibility on highways as bad weather continues

  Visibility is very low on the Larnaca-Nicosia and Nicosia-Limassol highways, with the network near the Mosfiloti area becoming waterlogged. Police are calling on drivers to...

Explainer: Can Trump pardon himself? Would the courts reject the move?

  As he prepares to end a tumultuous four years as U.S. president facing potential legal jeopardy, Donald Trump has discussed the possibility of pardoning...

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...