Cyprus has normally been a single of the fastest and most affordable means to get EU citizenship nevertheless Cypriot authorities introduced before this week that they would suspend and abolish the country’s quite well known citizenship by financial commitment system.
Andrew points out in this video clip what it usually means and what you need to do subsequent.
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Outsourcing Boss
on said
Who else has no money (aka I am not 7 or 8 figures yet), can't afford these Citizenship by Investment program but watches more of Andrews videos when they come out because you find it all fascinating? 🙂
tentimetex
on said
As the popularity and knowledge of these programs goes up, government attention towards them (and the public's) will go up too, its inevitable. Its just a question of time before the EU starts bullying the Caribbean islands too.
Andrew Almada
on said
Its technically still active till November 1, 2020.
Jalil Sarkis
on said
are Q atar and al J azeera really talking about criminals ? 😂
Richard Edwards
on said
Europe lets in illegal migrants and refugees but not people with money. PC Socialist insanity. Same crap here in US.
N B
on said
Hunn-bunn Andypie looking like prince charming in that handsome suit 😍, keep and stay goody two-shoes sweet prince, always. Xx
Saksham Dahiya
on said
Andrew i am shock you have said this soooooo many times
cant believe this is happening
Abraham Tsfaye
on said
Rampant corruption in Cyprus.
No wonder the Turkish community in the North turned their back on them.
Riley 121
on said
Man!! I feel like by the time i am ready for getting into cbi, there will be none left!!!
Wolfgang Wüst
on said
I appreciate your attempt to pronounce "Ursula von der Leyen" 😉
shadowpsfp
on said
I wonder how much of this decision by Cyprus was really influenced by its dispute with Turkey. In order to receive EU backing it requires the Cyprus clamp down on the visa program. Lets see if Cyprus now supports sanctions against Belarus.
John
on said
Honestly in some countries they expect more than just cash for citizenship. You’ve got to assimilate in some way, either language, accepting their cultural identity and principles, whatever. Europe isn’t the Caribbean or Vanuatu. They don’t run passports as a major part of their GDP. They set the bar where they like, and have every right to. If you don’t like or accept european values, in this case anti corruption, because that what torpedoed this program, then don’t go to Europe. Find somewhere where you feel more comfortable with the demands for citizenship and the principles of governance suit you better.
JC B
on said
Great video! I was wondering what you think about Russia in every aspect, from an entrepreneurial perspective, investment and so on. Maybe you can make a video about it, it would be nice, there is not a lot of information online about it.
Night 7
on said
They will be coming back. There are many super deluxe beach skyscrapers on the coast and other beach mansions there that were selling purely to these passport investors. These are amongst the richest and most influential companies and people in cyprus who control the politicans. Their real estate will go bust with unsold properties that no locals can afford so i expect new program back within 6 months
Viking Traveler
on said
I was very surprised by this move but then again what the leaders of Cyprus were doing does not surprise me and it should be interesting to see if this program ever relaunches in the future. Anyhow at this point I think people are better off aiming more for second passports in the non-EU European countries if they are desiring to live in Europe. As stated prior I am presently looking at obtaining a second passport via residence in Serbia and am currently planning my move their at moment for next spring. I will be very excited to get out of Estonia and onto greener pastures in short order.
Amir
on said
Sad news. I hope Malta do due diligence well so not being the next target.
Thank you Andrew
Peter Frohwein
on said
The EU Has "values" ???
Bill Hennessey
on said
Good old Al Jazeera, the ultimate in righteousness. I always thought the Cyprus program was expensive, but this is not good for CBI. The "journalists" at Al Jazeera did a great job sabotaging an option that worked for some successful entrepreneurs. What a shame.
Dale the Pale Male
on said
Appreciate updates like this
Pancho Villa
on said
Dumb decision. They are going to lose out on a TON of money from this in the upcoming years. If anything if I'm running the country I'd be asking people to invest in it and I'd be at the airport shaking hands when they came through. Cyprus would be nothing without foreign investment, and this is a big middle finger to everyone who had been trying to come there. Their loss is another countries gain.
Stian Andreassen
on said
You do know Malaysias MM2H program is suspended as well?
lerryperry
on said
Message to The European Union: Go Fuck Yourselves.
lerryperry
on said
A combination of a Caribbean Passport + a Turkish Passport is just as good if not better than any EU Passport.
James Smith
on said
Basically Europe doesn’t want high level people investing and living there, but takes millions of economic migrants that go on the dole. This mentality is only in the west.
JS C
on said
Interesting especially as Cyprus was the first country where the bank haircuts took place….they shut the bank, atm's were shut down then they took deposits leaving peoples savings decimated. No refunds given to those who lost life savings and now it looks like they will now start reducing your ability to get other passports as that gives us freedom and they can't have that hence the lockdowns. Can you also remember not all have 7 or 8 figure wealth but we would still love to know how to gain more freedom in order to try to get a 7 or 8 figure weath.
ShakespearHD
on said
Speaking of ethics and morals by that famous German politician Ursula von der Leyen,
https://www.sciencemag.org/news/2015/09/german-defense-minister-accused-plagiarism
They can spin this one anyway they want it still is what it is. Plagiarism which tells much about a person.
Johnpaul Duru
on said
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Leonardo Kessler
on said
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Rob Robchen
on said
Germany Spent the tax money for Refugee only no plans For Future Business Model
Elmore Schroeder
on said
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Simeon Yisrayiyl
on said
I think it is almost a common sense intuition on Western world, they will eventually make it harder for anyone to become their citizen, I don’t think their “value speech” is a mere tool to convey rejection toward rich persons, I think it is gonna to be a wave especially for EU to claim for restoring some sense of a European identity for their citizenship, it’s a cultural demand as well. I have this intuition and thus I lock myself to GVP of Portugal instead of the fast stream option like Malta and Cyprus, I also don’t think the money amount is worthy to be spent in such way anyhow, resident path to citizenship save more money and life in general per day, unless you love that particular country too much that you would like to stay in one place forever, otherwise, having a residency first is better, you enjoy the same right on board as their citizens do.
Abraham Tsfaye
on said
Cyprus is so short of money they resorted to selling their passports to dodgy people.
No wonder the Turkish community in the North turned their back on them.
Alfonso Zarrella
on said
Last time I checked the EU allowed golden visas in many countries.
I might be wrong but money laundering is not a good thing, yet every day someone joins the angry mob against the EU every day for no reason.
Citizen by investment should not cover criminals and money laundering.
Krzee
on said
It’s funny to see that Ursula von der Leyen now has values. She is a criminal as well, wasting hundreds of millions of tax payers money in Germany while giving high valued consulting projects to KPMG, where her son is working basically in receiving position for this money. Also the Money in Cyprus from this program was misused, as it went manly into pockets of Giovanni and his “property development” mafia swamp!
Margy I Phillips
on said
You are in Serbia! Cool, sorry I am 2 days late to class. I had to do a 4 day YouTube detox 😩.
Dimitri Rotov
on said
Four words: Cyprus' Category F Visa
Amir Krimonovki
on said
In video Cyprus guys could change investors' name. But, now it seams, they need to change their names.
Onkel Reisende Mac
on said
In Norway it's easy; You go to an AA meeting, and stick out a woman that lives on bare minimum, and you give her an option to marry you for three years, and after three years of proforma-marriage you will have achieved permanent residentship. After that it's only four more years in Norway and you become a Norwegian citizen 🙂
It's a long haul, but then… 😉
Jake Fisher
on said
You called it, Andrew. European Commission is taking action against Malta and Cyprus. Transparency International wants them to go after Portugal and Austria too.
ANDREASMC1
on said
Cyprus is a wonderful country,hope that they’ll recover!
amork83
on said
Hi from Norway, love your inspiring content. I would very much like to hear your thoughts about the Cyprus non dom tax resident program! This from an outlook of someone thats not looking for another citizenship, but would like to take part in a good tax regime and travel alot for a period of time.
JJ France
on said
Don't know that I'd want to be an EU citizen. Going the wrong direction.
Idris Chouhan
on said
I send massage many time but no response …… why .?
Matthew
on said
gaffer fail
jpkjnn
on said
Really interesting video with valuable context that isn't otherwise available from most information sources. That said, you kind of come across as a caricature of a poor man's bond villain. 🙂
Dana Murray
on said
Too Bad
This seemed to have been an excellent CBI program.