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Interior Minister Nouris: Invest for Passport Programme is secure and strong
June 15, 2020
Interior minister says Cypriot investment programme is secure and strong
By Andrew Rosenbaum
Across Europe, 10 EU member states, including Cyprus, offer either residency or citizenship in exchange for investment. International organisations have long criticised these programmes, but the Cyprus government has not only addressed these criticisms in its new proposal, but also improved programme security and administration, as Interior Minister Nicos Nouris told the Sunday Mail.
“Security is strongly improved,” Nouris said. “The candidates are carefully vetted when they apply, and the providers for the candidates are also vetted. Once candidates are approved, their conduct as residents in Cyprus is reviewed each year for 10 years, and if they break our laws or engage in other undesirable activities, the passport can be revoked.”