Cyprus Grants Damaged Foreign Investors Citizenship

People ♦ Published: April 15, 2013; 09:24 ♦ (Vindobona)

Instead of the so-far € 10bn, investors now only have to endow € 3bn in order to obtain the Cyprian citizenship.

Cyprus Grants Damaged Foreign Investors Citizenship / Picture: © Vindobona.org

Cyprus President Nikos Anastasiades has offered foreigners who invest at least € 3bn his country the citizenship. Up to now, a total of € 10bn had to be proviced. At the same time he had offered the citizenship for those foreign investors who had lost at least € 3bn due to the conditions made by the EU in order for Cyprus to receive the bail-out package. President Anastasiades…

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