Cyprus:
Termination Of The Cyprus Citizenship Scheme
20 October 2020
G. Vrikis & Associates LLC
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On the 13th October 2020 the Council of Ministers has
decided to proceed with the Termination of the Cyprus Citizenship
Scheme, citing reasons of weakness into the review and due
diligence system and various loopholes which potential investors
took advantage of.
The above decision shall come into force as of the
1st November 2020.
Any additional details on this shall be announced as they are
issued by the Cyprus Government.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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