Cyprus Times

Golden Visa Program: Regulations or Abolition Proposed

Published January 22, 2026, 16:14
Golden Visa Program: Regulations or Abolition Proposed

AKEL has submitted a bill to regulate the “Golden Visa Program”. The proposal requests the government to present regulations for the program's operation within three months, otherwise the program will be abolished. MP Giorgos Loukaidis stated that the program is high-risk and the European Union is calling for its abolition, recalling the problems that arose with the “golden passports”. He also emphasized that the program affects housing stock and makes access to affordable housing more difficult for citizens. AKEL hopes the proposal will be passed by Parliament.