On 7th November, KYC 360 reported that Cyprus is to set in motion procedures to strip 26 foreign investors of citizenship amid questions over whether they should have been issued a Cypriot passport under a lucrative investment programme.  It will also investigate all investors who were granted Cypriot citizenship before 2018, when tougher eligibility criteria were put in place.  The 26 are said to include 5 Chinese nationals, 9 Russians, 8 Cambodians, 1 Malaysian, 1 Iranian and 2 Kenyans – only a handful of the nearly 4,000 Cypriot passports were issued to investors under the programme initiated in 2013.

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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