Cyprus will stop delivery of "gold passports" for investors

The authorities Cyprus decided to cancel the program of delivery of nationality in exchange for investments since November 1, 2020. As appears from the message published on October 13 in an official Twitter-account, containing information on work of the Cyprian president Nicos Anastasiades, the reason of cancellation became shortcomings of the program and abuse of its provisions. "At a today's emergency meeting of council of ministers ministers of finance and internal affairs submitted the offer on cancellation of this investment programs. The offer was based on long-term shortcomings, and also on abuse of provisions...