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Cyprus Passport scheme fallout

xipoid

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Sep 5, 2020
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Curious what ppl think may be the impact of the ending of the golden passport scheme following the Al-Jazeera investigation. Depending on which report you read, it's either an infinitesimal fraction of GDP, or has endless ramifications (construction, lawyer's fees -- Cyprus is one of the five countries with the most lawyers per capita).

Given the covid situation, it's perhaps worth looking more closely at the fragilities of any country where you might want to set up shop, in case they decide to make up the difference with unexpected taxes.