Insider Economy 'Stop' to citizenship for state officials

‘Stop’ to citizenship for state officials

Aiming at transparency as regards Cyprus’ citizenship scheme so as to put an end to bad publicity abroad, the Council of Ministers has approved an Interior Ministry proposal prohibiting high risk individuals from obtaining Cyprus passports.

The proposal, adopted at a meeting of the Council of Ministers on July 25, relates to due diligence rules and will prohibit the granting of passports to individuals who hold or have held a state position in the past five years.

The prohibition will also apply to individuals who have been subject to sanctions by third countries or who have links to organisations who have been subject to sanctions.

Interior Ministry sources said the aim is to introduce a comprehensive system of checks so as to dissolve any shadows over Cyprus as regards this specific issue.

Moreover, a final decision is expected in September as to which international firms will carry out due diligence tests on third country nationals. Eight firms have shown an interest, from which three will be selected.

Cyprus’  citizenship scheme has already been amended with the adoption of tougher criteria for the issue of a Cyprus passport that came into force last May.

Changes included an increase in the investment from €2m to €2.5m and the requirement the investment be retained for at least five years from the date citizenship is granted — up from the three years that had previously applied.

More than 3000 citizenships have been granted in the period of 2013 to 2018 under the investment programme, generating considerable revenue. But in the face of criticism from EU partners, the government has moved to revise criteria so as to ease concerns.

Read more.

https://in-cyprus.com/confusion-over-new-investment-for-citizenship-criteria/

Top Stories

122 new cases, one death announced on Friday

The Health Ministry announced the death of one person due to COVID-19. This raises the death toll from the virus in Cyprus to 179,...

Where to get antigen rapid tests on Saturday

The Health Ministry announced the following antigen rapid test sites for Saturday, 23 January 2021: LIMASSOL Grigoris Afxentiou Square 08:30-16:30 Gafkos Clerides Park, Germasoyia 08:30-16:30 Municipal Hall Ypsonas...

Civil servants’ trade union requests psychological support for health professionals

PASYDY, the civil servants’ trade union requested psychological support for health professionals due to the consequences of COVID-19 on their health. The trade union noted...

Scientific advisory committee to convene on Monday under President Anastasiades

Cyprus President, Nicos Anastasiades, will preside on Monday morning over a meeting of the scientific advisory committee on COVID-19. According to CNA information, during the...

Polish medics depart for Slovakia to help mass testing

A group of 200 Polish medics departed for neighbouring Slovakia on Friday (January 22) to help in a week-long testing campaign in the central...

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...