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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 ...
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 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".
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.
Chen v Home Secretary was a decision of the European Court of Justice which decided that a minor who is a national of a European Union member state has the right to reside in the European Union with his or her third-country national parents, provided the minor and parents have health insurance and will not become a burden on the public finances of the member state of residence.
Irish Ferries ordered Ulysses from Aker Finnyards in late 1999. [4] She was laid down on 24 January 2000 and launched on 1 September. [ 6 ] She was handed over to her owners, Irish Continental Group , at the Rauma yard on 22 February 2001, leaving under the command of Captain Peter Ferguson on 28 February and arriving in Dublin Bay at 07:00 on ...
[1] [2] Cyprus has two official languages: Greek and Turkish, but only Greek is an official EU language. EU trade accounts for 34% of Cyprus’ exports and 59% of imports. [3] Enthusiasm within Cyprus for the EU has waxed and waned over the years, mainly in synchrony with the health of the economy.