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Dec 2024
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Cyprus – Politico: Passports issued through “Golden Visa” cancelled

Limassol in recent years had come to be called by the Cypriots... "Limassolgrad", because many properties there had been acquired by Russian investors - In recent days 77 "golden" passports have been revoked

Russians are reportedly buying as many as 4 apartments at once in Turkey to earn “golden passports”

Investors - including wealthy Russians looking to escape sanctions - can then earn a Turkish passport in as little as three months

Cyprus revokes “Golden Passports” from 26 wealthy foreign investors

The European Union says that many such passport schemes may mask fraud

Cyprus “golden passports” to be revoked if wrongdoing found

Nearly 4000 passports have been issued to investors since the program was launched following a 2013 financial crisis