Audit of granting Cypriot citizenship to company executives within the framework of the Cyprus Investment Programme, Special Report ΥΠΕΣ/04/2020 (Executive Summary, English)

Audit Office Special Report ΥΠΕΣ/04/2020 executive summary in English (27 Nov 2020, 13 pp.): naturalisation of company executives. Restates 748 approvals after 21 May 2018 and 23 with ministerial speed-up instructions (18 linked to the casino resort); B: 27 persons (18 'supposed investors' + 9 relatives) naturalised 25 Jul 2019, director/tax/residence checks (7/11, 6/1, 7), 17 of 27 with permits under six months, possible losses EUR 1.7m tax and EUR 1.7m VAT; C: 64 persons linked to company A (27 employed, 37 not), residence categories A1-A4 (7, 27, 12, 15, 3; chart total A2 39), 96 properties, tax-register checks (33, 27, 4, 5) and the image cross-table of income category vs residence (6 rows x 7 columns, OCR, totals check). Not extracted (out of scope): the Finance Minister's figures on the casino project (EUR 600m, 850 + 800 jobs, 4,000 more, 2,800 permanent, 300,000 tourists), which concern the casino licence of 2017, not programme money; single-case details (97% paid by a deceased buyer). Graphics on pp. 3-5, 9 repeat text numbers.