Chinese, Saudis among buyers of Cyprus’s ‘golden passports’

Among many other, many wealthy Chinese and Arabs have bought Cypriot passports in an attempt to escape the restrictive regimes of their home countries, Al Jazeera’s Investigative Unit has found.

The Cyprus Papers obtained by Al Jazeera reveal more than 500 Chinese nationals and 350 Arabs who were approved for Cypriot citizenship after investing at least $2.5m in the European Union member state.

The Cyprus government has held a news conference in which it refuted the findings of the investigation, calling it “propaganda”.

Al Jazeera’s Deborah Davies reports.

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In This Story: Cyprus

Cyprus, officially called the Republic of Cyprus, is an island country in the Eastern Mediterranean.

The Republic of Cyprus is de facto partitioned into two main parts: the area under the effective control of the Republic, located in the south and west and comprising about 59% of the island’s area, and the north, administered by the Turkish Republic of Northern Cyprus, covering about 36% of the island’s area. Another nearly 4% of the island’s area is covered by a UN buffer zone.

The Sovereign Base Areas of Akrotiri and Dhekelia, remain under the UK’s control according to the London and Zürich Agreements.

The Republic of Cyprus has been a member of the Commonwealth since 1961 and joined the European Union on 1 May 2004.

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