cyprus: Cyprus offers a so-called golden passport scheme that allows investors to effectively buy EU citizenship if they spend around 2m 1.7m on property in the country a trifling amount for Britain's wealthiest, according to The Independent. THIS IS TEMP CODE TO RESOLVE TEADS ISSUES ON SAFARAI - ISSUE-387 - START THIS WAS ORIGINALLY IN THE FOOTER EJS FILE THIS IS TEMP CODE TO RESOLVE TEADS ISSUES ON SAFARAI - ISSUE-387 - END Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now Applicants for citizenship do not have to live in or even visit Cyprus to get the passport. An investigation by Reuters found that past donors to the ruling party have applied for citizenship of the EU member state of Cyprus since the UK voted to Leave in 2016. Once secured a Cypriot passport gives the freedom to live, work and study in all 28, soon to be 27, EU member states just as a British passport currently does ahead of Brexit. Read more What are golden passport' schemes and how do they enable tax dodging Electoral Commission figures show Mr Howard donated at least 129,000 to the Tories personally and through his company between 2005 and 2009. Reuters said Cypriot government documents show Tory donors including Alan Howard, a top hedge-fund manager, and Jeremy Isaacs, a former Lehman Brothers chief, applied for citizenship and that Cyprus's interior ministry recommended the applications be approved.
(news.financializer.com). As
reported in the news.
Tagged under cyprus, premium app topics.