Golden Visa Cyprus still with risks for investors as the free capital flow is limited for another year
It was stated yesterday by Bank of Cyprus that the shutdown of free flow of capital from Cyprus to other states will be in place another full year. This will be already the 2nd year that Cyprus is disconnected from the capital market. Initially the measure was put in place when Cyprus was rescued by IMF and European Central bank last year. thousands of investors have lost 50% or more of its money in this situation as several banks were shutdown.
We are still sceptical on the Golden Visa Cyprus although it seems to be still a hotspot for Chinese investors. There are much better place to invest right now, read here on the alternative in Malta or Spain.