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
2018.09.19
HUF 0.0036
GBP 1.3132
CHF 1.0387
RUB 0.0147
HKD 0.1274
JPY 0.0089
CNY 0.1456
CAD 0.7682
AUD 0.7179
BRL 0.2385
EUR 1.1671

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