Cyprus Cracks Down: 304 Lose Citizenship Over Golden Passport Violations

by News Editor

May 6, 2025

The Cypriot government has announced that 304 individuals have had their citizenships revoked following an in-depth investigation into the controversial golden passport scheme, which previously awarded nationality through investments. This thorough examination revealed that many beneficiaries had obtained citizenship by declaring false information or concealing critical data.

The Magnitude of the Issue

The affected group consists of 88 investors and 216 family members. So far, revocation orders have been signed for 112 individuals, including 33 investors and 79 of their relatives, whose documents are now void.

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Since the program’s termination in late 2020 under mounting pressure from the European Union, substantial reviews have led to the exposure of major breaches, such as failing to deposit required funds or misrepresentations of personal circumstances.

Legal Path and Integrity Assurance

In serious cases, some investors didn’t make the necessary financial commitments, and in instances like Jho Low, the infamous financier embroiled in global scandals, legal actions have annulled their Cypriot passports. Under article 113 of Cyprus’ population registration law, there is a clear pathway for affected individuals to appeal through an independent committee.

The Interior Minister Constantinos Ioannou emphasized the government’s commitment to full legal compliance and safeguarding Cyprus’s reputation and values. Moving forward, the government promises rigorous oversight and due process in all future inquiries related to citizenship.

The Future Forbes Realty Global Properties

The Rocks Project Advances Through Licensing Process In Pentakomo

by THEFUTURE.TEAM

June 5, 2026

Overview Of The Ambitious Development

A large tourism development in Pentakomo is moving through the licensing process. Known as The Rocks Project, the proposal includes a hotel, villas, apartments and a beach club along the coast east of Limassol.

Strategic Location And Broader Impact

Located along the coastal corridor between Limassol and Zygi, the project would form part of the wider Governor’s Beach area. The site is situated near several state and energy infrastructure facilities, including the Evangelos Florakis Naval Base in Mari, making it subject to additional planning and regulatory considerations.

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Master Plan And Key Infrastructure

Situated within the administrative boundaries of Pentakomo, the development is planned for the coastal area of Argaki Tou Mavrou. The project is being promoted by DRL5COMOS Properties Ltd and is supported by an environmental impact assessment prepared by P. Nikolaidis & Associates Ltd. The assessment is available for public consultation until July 3, 2026.

According to the master plan, operations are expected to begin in 2029. Plans include a 14,000-square-metre hotel with 126 rooms, a 900-square-metre spa and wellness centre, restaurants and dining facilities, 26 villas, 73 apartments and penthouses, and a 1,050-square-metre beach club with indoor and outdoor leisure areas. Parking facilities for 240 vehicles are also included in the proposal.

Integration With The Existing Landscape

The development plan allocates 12% of the site to public green space and includes an internal road network. Project documents indicate that several existing structures, including the Kalymnos Fish Tavern and current beach facilities, would be demolished as part of the redevelopment.

Regulatory And Institutional Considerations

The licensing process is ongoing and includes consultations with relevant local and government authorities. Comments submitted by the Ministry of Defence have not been made public due to the site’s proximity to the naval base. Those observations are expected to be reviewed by the environmental impact assessment committee during closed sessions.

Conclusion

With its carefully structured vision and strategic positioning, The Rocks Project promises to be a significant catalyst for economic and social growth in eastern Limassol. As it advances through the regulatory process, stakeholders remain focused on ensuring that this landmark development meets the highest standards of design, sustainability, and community integration.

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