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In 2013, a citizenship by investment pathway was created to attract foreign investment into the country. [38] Through the Cyprus Investment Programme, a foreigner could acquire Cypriot citizenship after investing €2 million in real estate, infrastructure projects, local businesses, or domestic financial assets and maintaining that sum within ...
The minimum investment was 2 million euros and citizenship was extended to the family of the investor as well. [3] In 2013, the required minimum investment for citizenship was lowered from 25 million in 2007 to 2,5 million. [4] Applicants did not need to physically stay in Cyprus or pass a langugage test to acquire citizenship. [4]
Turkey offers Turkish Citizenship by Investment (TCBI). Investors are required to purchase real estate worth at least US$400,000 and hold it for 3 years, or deposit US$500,000 in a bank, etc. in Turkey for a period of 3 years. Upon investing as above and submitting citizenship application duly, a Turkish passport is granted, typically within a ...
The Cyprus Papers was a leak of government documents related to the Cyprus Investment Program (CIP) obtained by Al Jazeera and released in August 2020. [1] The CIP allows non-citizens to apply and obtain a Cypriot passport by investing at least 2 million Euros in Cyprus. The passports obtained through the CIP are nicknamed "Golden Passports".
90 days visa free if hold a valid, multiple-entry and previously used visa or a residence permit issued by a Schengen area country, United States, Cyprus, Ireland or the United Kingdom Algeria: Visa required [6] Andorra: Visa not required [7] Angola: Visa not required [8] 30 days Maximum 3 entries per calendar year Antigua and Barbuda
Cyprus has been divided into a southern (Greek) and northern (Turkish) region since the Turkish invasion of northern Cyprus on July 20, 1974. Northern Cyprus is not generally recognized by the international community as a sovereign state. [380] The United Nations considers the declaration of independence by Northern Cyprus as legally invalid.
The Spanish nationality legal framework refers to all the laws, provisions, regulations, and resolutions in Spain concerning nationality.. Article 11 of the First Title of the Spanish Constitution refers to Spanish nationality and establishes that a separate law is to regulate how it is acquired and lost. [1]
The following is a list of Cypriot billionaires, based on an annual assessment of wealth and assets published by Forbes every April. [2] The vast majority of Cypriot billionaires are not native Cypriots, but are foreign billionaires who acquired Cypriot citizenship (either through the now-defunct Cyprus Investment Program or otherwise) to take advantage of the country's tax laws.