en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
NEWS

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
Newsletters
5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
2017.06.26
HUF 0.0036
GBP 1.2725
CHF 1.0297
RUB 0.0168
HKD 0.1282
JPY 0.009
CNY 0.1462
CAD 0.7558
AUD 0.7568
BRL 0.2996
EUR 1.1173

Important Information

Cyprus invents compensation scheme for lost investments


18/04/2013

EU passport to those who lost over 3 mln euro

In exchange for ''a minimum'' of three million euro lost to the levy on the island's bank deposits dozens of foreign investors will soon be able to request Cypriot citizenship and an EU passport.

This is the ''consolation prize'' thought up by the Cypriot government and announced by President Nicos Anastasiades for those who lost money in the Bank of Cyprus and Laiki Bank.

The Cypriot regulation ''citizenship in exchange for investment'' exists in other countries as well, and will be modified to reduce the required investment from 10 million euros to three million to be granted citizenship.

intax-info.com

 



Related jurisdictions:
Cyprus
Top