国际英语资讯:New criteria for Cypriot citizenship investment scheme to come into force next week: report
<p><span word="MICOSIA">MICOSIA</span>, <span word="Aug">Aug</span>. 10-- <span word="New">New</span> <span word="criteria">criteria</span> <span word="for">for</span> <span word="the">the</span> <span word="citizenship">citizenship</span> <span word="by">by</span> <span word="investment">investment</span> <span word="scheme">scheme</span>, <span word="which">which</span> <span word="were">were</span> <span word="approved">approved</span> <span word="by">by</span> <span word="the">the</span> <span word="Cypriot">Cypriot</span> <span word="government">government</span> <span word="several">several</span> <span word="months">months</span> <span word="ago">ago</span> <span word="and">and</span> <span word="will">will</span> <span word="include">include</span> <span word="a">a</span> <span word="due">due</span> <span word="diligence">diligence</span> <span word="on">on</span> <span word="applicants">applicants</span>, <span word="are">are</span> <span word="to">to</span> <span word="be">be</span> <span word="introduced">introduced</span> <span word="next">next</span> <span word="week">week</span> <span word="after">after</span> <span word="being">being</span> <span word="finalized">finalized</span> <span word="by">by</span> <span word="appropriate">appropriate</span> <span word="authorities">authorities</span>, <span word="local">local</span> <span word="newspaper">newspaper</span> <span word="reported">reported</span> <span word="on">on</span> <span word="Saturday">Saturday</span>.</p><p><span word="Criticism">Criticism</span> <span word="from">from</span> <span word="the">the</span> <span word="European">European</span> <span word="Commission">Commission</span> <span word="and">and</span> <span word="bad">bad</span> <span word="publicity">publicity</span> <span word="forced">forced</span> <span word="the">the</span> <span word="Cypriot">Cypriot</span> <span word="government">government</span> <span word="to">to</span> <span word="introduce">introduce</span> <span word="stricter">stricter</span> <span word="criteria">criteria</span> <span word="for">for</span> <span word="the">the</span> <span word="scheme">scheme</span>, <span word="under">under</span> <span word="which">which</span> <span word="individuals">individuals</span> <span word="who">who</span> <span word="invest">invest</span> 2 <span word="million">million</span> <span word="euros">euros</span> <span word="could">could</span> <span word="get">get</span> <span word="a">a</span> <span word="Cypriot">Cypriot</span> <span word="passport">passport</span> <span word="and">and</span> <span word="travel">travel</span> <span word="and">and</span> <span word="stay">stay</span> <span word="freely">freely</span> <span word="in">in</span> <span word="any">any</span> <span word="EU">EU</span> <span word="member">member</span>.</p><p><span word="In">In</span> <span word="the">the</span> <span word="past">past</span>, <span word="these">these</span> <span word="investments">investments</span> <span word="were">were</span> <span word="usually">usually</span> <span word="in">in</span> <span word="luxury">luxury</span> <span word="real">real</span> <span word="estate">estate</span>, <span word="and">and</span> <span word="partially">partially</span> <span word="helped">helped</span> <span word="the">the</span> <span word="construction">construction</span> <span word="sector">sector</span> <span word="and">and</span> <span word="the">the</span> <span word="economy">economy</span> <span word="to">to</span> <span word="recover">recover</span> <span word="from">from</span> <span word="the">the</span> 2013 <span word="crisis">crisis</span>.</p><p><span word="Kathimerini">Kathimerini</span> (<span word="Daily">Daily</span>) <span word="newspaper">newspaper</span> <span word="said">said</span> <span word="in">in</span> <span word="a">a</span> <span word="report">report</span> <span word="that">that</span> <span word="three">three</span> <span word="firms">firms</span>, <span word="which">which</span> <span word="have">have</span> <span word="not">not</span> <span word="been">been</span> <span word="named">named</span>, <span word="have">have</span> <span word="been">been</span> <span word="chosen">chosen</span> <span word="to">to</span> <span word="carry">carry</span> <span word="out">out</span> <span word="due">due</span> <span word="diligence">diligence</span> <span word="on">on</span> <span word="every">every</span> <span word="applicant">applicant</span> <span word="that">that</span> <span word="will">will</span> <span word="replace">replace</span> <span word="the">the</span> <span word="simple">simple</span> <span word="requirement">requirement</span> <span word="for">for</span> <span word="a">a</span> <span word="clean">clean</span> <span word="criminal">criminal</span> <span word="record">record</span>.</p><p><span word="The">The</span> <span word="due">due</span> <span word="diligence">diligence</span> <span word="checks">checks</span> <span word="will">will</span> <span word="cost">cost</span> <span word="the">the</span> <span word="government">government</span> 1.4 <span word="million">million</span> <span word="euros">euros</span> <span word="a">a</span> <span word="year">year</span>.</p><p><span word="Under">Under</span> <span word="the">the</span> <span word="new">new</span> <span word="criteria">criteria</span> <span word="decided">decided</span> <span word="by">by</span> <span word="the">the</span> <span word="Council">Council</span> <span word="of">of</span> <span word="Ministers">Ministers</span>, "<span word="politically">politically</span> <span word="exposed">exposed</span> <span word="persons">persons</span>" <span word="and">and</span> <span word="individuals">individuals</span> <span word="under">under</span> <span word="sanctions">sanctions</span> <span word="will">will</span> <span word="not">not</span> <span word="be">be</span> <span word="eligible">eligible</span> <span word="for">for</span> <span word="the">the</span> <span word="program">program</span>.</p><p><span word="Investors">Investors</span> <span word="will">will</span> <span word="also">also</span> <span word="have">have</span> <span word="to">to</span> <span word="make">make</span> <span word="an">an</span> <span word="obligatory">obligatory</span> <span word="payment">payment</span> <span word="of">of</span> 75,000 <span word="euros">euros</span> <span word="each">each</span> <span word="to">to</span> <span word="the">the</span> <span word="Research">Research</span> <span word="and">and</span> <span word="Innovation">Innovation</span> <span word="Foundation">Foundation</span> <span word="and">and</span> <span word="the">the</span> <span word="Cyprus">Cyprus</span> <span word="Organization">Organization</span> <span word="of">of</span> <span word="Land">Land</span> <span word="Development">Development</span>, <span word="which">which</span> <span word="will">will</span> <span word="spend">spend</span> <span word="the">the</span> <span word="money">money</span> <span word="for">for</span> <span word="the">the</span> <span word="construction">construction</span> <span word="of">of</span> <span word="housing">housing</span> <span word="for">for</span> <span word="low">low</span> <span word="income">income</span> <span word="people">people</span>.</p>
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