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Citizenship by investment.

Posted on: 7/5/2015 11:07:40 PM under General News

The minister of interior, Socratis Hasikos, has announced that "Citizenship by Investment" program that allows wealthy third country nationals to apply for Cypriot citizenship has boosted the Cyprus economy by €2 billion. The statement was made during his examination of his ministry's audit services report for 2013.

Cyprus is the only member state that grants naturalization in return for investment in Europe.

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Source: Cyprus Property News

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