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AKEL Proposes Law to Regulate or Abolish 'Golden Visa' Program

Published January 22, 2026, 15:11
AKEL Proposes Law to Regulate or Abolish 'Golden Visa' Program

AKEL has submitted a bill regarding the 'Golden Visa' program and discussed the issue in the Parliamentary Committee on Interior Affairs. The proposal requests the government to introduce 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 that the European Union is calling for its abolition, while highlighting negative findings in the Auditor General's report. AKEL believes the program affects the housing stock and makes access to affordable housing more difficult.