Cyprus photograph

Cyprus

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Capital Nicosia
Currency Euro
Driving sideleft
Points of interestPetra tou Romiou
Nissi Beach
Cape Greco
Official_languagesGreek
Turkish
Date of Reg.
Date of Upd.
ID607488
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About Cyprus


Cyprus, officially the Republic of Cyprus, is an island country in the Eastern Mediterranean and the third largest and third most populous island in the Mediterranean, located south of Turkey, west of Syria and Lebanon, northwest of Israel, north of Egypt, and southeast of Greece.

Family courts: 'We kidnapped our kids from abusive dads and fled the UK'

Family courts: 'We kidnapped our kids from abusive dads and fled the UK'
Sep 4,2023 10:41 pm

...By Ed ThomasSpecial correspondentA growing number of women who say their children were handed to abusive partners by England and Wales family courts have abducted them and fled to Turkish-controlled northern Cyprus...

Eurovision 2023: The man who made a living betting his house on a song

Eurovision 2023: The man who made a living betting his house on a song
May 11,2023 8:01 pm

... As the votes piled up, just two countries were left in contention: Israel and Cyprus...

'UK was slower but still they saved us from Sudan'

'UK was slower but still they saved us from Sudan'
Apr 26,2023 9:10 am

...By Nick Beake, Europe correspondent, & Nick Garnett, in CyprusBBC NewsAfter days of dread, fear and desperation, British families are now on rescue flights out of Sudan, making the 3,000-mile journey to safety...

Russian oligarchs: Where do they hide their 'dark money'?

Russian oligarchs: Where do they hide their 'dark money'?
Mar 28,2022 3:11 am

... Where is the money held? Historically, much of this money has gone to Cyprus - To some, the island became known as " Moscow on the Med"...

Of Cyprus false rape claim-study: The women rallying for British teenager

Of Cyprus false rape claim-study: The women rallying for British teenager
Feb 16,2020 9:52 am

... These were just a few of the many banners, posters and Poster panned by a lot of women, the rights activists, who stood and chanted messages of solidarity for a British teenager in Paralimni, Cyprus...

Teen's stolen ashes recovered in Cyprus, after the tears call, the thief rich

Teen's stolen ashes recovered in Cyprus, after the tears call, the thief rich
Feb 16,2020 9:39 am

... they chose Cyprus, but of the container with his ashes was stolen, and they ate from the back of the family car, while...

EU urges crackdown on 'golden passports' for big investors

EU urges crackdown on 'golden passports' for big investors
Feb 16,2020 12:34 am

... Cyprus, Malta and Bulgaria enter the passport of non-EU nationals who have sufficient investment in their countries...

May 8,2024 2:10 am

... Cyprus - Melina Karageorgiou and Alexandros TaramountasHow many times have you commentated on Eurovision? Melina: This will be my 10th time! Alexandros: This will be my first time and I am super excited! Can t wait to live this unique experience...

EU urges crackdown on 'golden passports' for big investors

May 8,2024 2:10 am

The EU Commission has told EU states to tighten checks on non-EU nationals who acquire citizenship - so-called "golden passports" - through investments.

The Commission plans closer monitoring of those schemes and of "golden visas" granting residence in exchange for big investments. It says they can be abused for Tax Evasion and money-laundering.

EU citizenship gives an individual free movement in most of the EU, easy access to the single market and other rights.

Twenty EU countries have such schemes.

Cyprus , Malta and Bulgaria give passports to non-EU nationals who make sufficient investments in their countries. Rich foreigners can buy passports there for between €1m (£870,000; $1. 1m) and €2m.

They and 17 other EU member states, including the UK, also grant residence rights to investors. That right puts an individual on The Path to citizenship.

The scale of investment required to obtain residence ranges from about €13,500 in Croatia to More Than €5m in Luxembourg and Slovakia.

In a new report about how the schemes work. It is setting up a special team to monitor the schemes and boost information-sharing.

The Report says applicants can acquire citizenship of Bulgaria, Cyprus or Malta, and hence EU citizenship, "without ever having resided in practice in the member state".

'Big Business '

The anti-corruption campaign group Global Witness said the EU had raised The Alarm but not offered solutions, the BBC's Adam Fleming reports from Brussels .

Cyprus has made a big effort to attract Russian investors

In a Spain, Hungary, Latvia, Portugal and the UK had granted The Most golden visas to investors and their families, ahead of Greece, Cyprus and Malta.

"Such programmes are Big Business . Around €25bn in foreign direct investment has flowed into the EU through these schemes over The Past 10 years," it said.

The Commission says the schemes often advertise the benefits of EU citizenship, such as free movement rights, in order to attract rich investors.

EU Justice Commissioner Vera Jourova argued that people obtaining an EU nationality "must have a genuine connection to the member state concerned".

"We want more transparency on how nationality is granted and more co-operation between member states. There should be no weak link in the EU, where people could shop around for The Most lenient scheme. "

List of concerns

The Commission says it has several areas of concern:

"Under none of the three investor citizenship schemes is comprehensive information available about the identity of people who successfully obtain citizenship on the basis of investment, and their countries of origin," The Commission report says.

It also voices concern about similar schemes run by countries with ambitions to join the EU. Moldova, close to EU member Romania, is among them - its citizens enjoy visa-free travel to the EU for short stays.

A non-EU national who acquires Moldovan citizenship can use it to bypass EU visa rules, The Report points Out .



migration, european commission, european union, passports, crime

Source of news: bbc.com

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