Questions have been raised about the importance of the citizenship by investment (CBI) scheme to the economy a few days after the government’s announcement of its termination as business groups, which have described the move as “catastrophic”, have already started calling for a new programme.
In an announcement issued on Tuesday, immediately after the government made its decision known, the Cyprus Chamber of Commerce (Keve) said “there will be negative effects on the entire economy, especially the sectors dealing with foreign investment.” The same view was expressed by the Federation of Employers and Industrialists (Oev), which called on the government “to undertake, without any delay, the formulation and operation of a new investment programme, without gaps and weaknesses.”
Continue reading at source: Cyprus Mail
If you are having any questions, please feel free to ask.
