After criticism of the scheme applicants will be subjected to more rigorous vetting process

Cyprus has sought to curb criticism of its golden visa scheme, saying it will tighten vetting procedures for investors determined to acquire European citizenship.

With disapproval of the controversial cash-for-citizenship programme on the rise, the island announced that security checks would be stepped up. Under the renamed “Cypriot investment scheme” the number of passports granted would be capped at 700.

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