Conservative Party Donors Have Been Seeking Cypriot Citizenship Since 2016

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The Tories won the election and continued the Brexit procedures, yet some Conservative Party donors had surreptitiously taken steps to secure their EU prospects by seeking Cypriot Citizenship.

 

According to the Cypriot official documents, some Tory donors had filed their respective applications. These include hedge fund manager and billionaire Alan Howard and former Head of Lehman Brothers EMEA Jeremy Isaacs. The Interior ministry of Cyprus recommended approval for both candidates.

 

Howard donated at least £129,000 to the Party between 2005 and 2009. Isaacs made donations of at least £626,500. £50,000 of this sum was assigned for the campaign to remain in the EU.

 

Cypriot citizenship requires a minimum of €2 million with at least €500,000 permanently invested. The citizenship doesn’t require physical residency and provides great opportunities for real estate investment, as well as low taxes and other perks.

 

The Cyprus government documents also list David John Rowland, another Conservative Party donor and former treasurer, as a candidate who sought Cypriot citizenship. Rowland donated at least £6.5 million to the Party since 2001.

 

Another British national who applied for a Cypriot passport was James Brocklebank, Managing Partner at a private equity company Advent International. In 2016, Brocklebank shared with the media that Brexit would cause ‘significant challenges’ to the UK and hinder with its investment opportunities. He submitted his application for Cypriot citizenship in 2018.

 

Astons is a leading global immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including UKTurkeyVanuatuEU & the Caribbean. Astons is a Member of the Investment Migration Council (IMC).

 

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977