Cyprus ‘selling’ EU citizenship to super rich

Here’s something I spotted on the pages of The Guardian. It made me wonder if the gnomes of Brussels are having second thoughts about their politically motivated expansion of the European Union. It goes without saying that we’re talking about “Greek” Cyprus here – not the other part of the island unrecognised by anyone except Turkey.

“The government of Cyprus has raised more than €4bn since 2013 by providing citizenship to the super rich, granting them the right to live and work throughout Europe in exchange for cash investment. More than 400 passports are understood to have been issued through this scheme last year alone.

cy(

And look! The Brits still have military bases there. OK for them, but not for Turkey.

“A leaked list of the names of hundreds of those who have benefited from these schemes, seen by the Guardian, includes prominent business people and individuals with considerable political influence.

“The leak marks the first time a list of the super rich granted Cypriot citizenship has been revealed. A former member of Russia’s parliament, the founders of Ukraine’s largest commercial bank and a gambling billionaire are among the new names.

“The list sheds light on the little-known but highly profitable industry and raises questions about the security checks carried out on applicants by Cyprus.

“Beneficiaries of the pre-2013 schemes include an oligarch and art collector who bought a Palm Beach mansion from Donald Trump, and a Syrian businessman with close links to the country’s president, described in a leaked US diplomatic cable as a “poster boy for corruption” in war-torn Syria.

“European politicians have been watching the sector’s growth with alarm, with some saying the schemes undermine the concept of citizenship. Ana Gomes, a Portuguese MEP, described “golden visas” as ‘absolutely immoral and perverse’.”

Read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s