Cyprus Immigration News
Cyprus: immigration policy, education, living, property and more.
The Secret to Avoiding Crowds During the October 1st Holiday
With the October 1st Golden Week approaching, many people have likely already made their travel plans. According to statistics from the Ministry of Culture and Tourism, the country received 726 million domestic tourist visits during the 2018 October 1st holiday, a year-on-year increase of 9.43%. Recently, a travel platform released a report predicting that, based on this growth trend, the number of tourist visits during the 2019 October 1st holiday is expected to reach nearly 800 million.
Cyprus Real Estate Market Booming, Value of Building Permits Soared by 115% in the First Half of the Year
According to data recently released by the Statistical Service of Cyprus, the total value of building permits issued in Cyprus in the first half of 2019 increased by 115.9% year-on-year, reaching 1.7 billion euros; the total area increased by 52.1%; and the number of dwelling units also recorded a growth of 47.9%.
Analysis of the Reasons Behind the Continued Surge in Cyprus Investment Trends
Recently, according to the Cyprus Mail, as of the end of August, the number of registered unemployed individuals at the Cyprus Department of Labor has decreased to 19,883, representing a 16.7% decline compared to the same period in 2018! Additionally, the unemployment rate in Cyprus for August has further decreased compared to the first few months of 2019, showcasing impressive performance within the European Union!
Investing in Cyprus: Another Major Move by Chinese Investors!
Recently, major news regarding Chinese investors has emerged from Limassol, Cyprus! According to Cypriot news reports, Chinese investors have spent 30 million euros to purchase 31,171 m² of mixed-use development land in Limassol! The plot extends from Franklin Roosevelt Avenue to the coastal area of Karnagio, located between the new and old ports of Limassol. Notably, the Limassol Municipality is currently...
Mutual Recognition of Degrees Between China and Cyprus Makes Cyprus Immigration Even More Advantageous
For Chinese families who aspire for their children to succeed, education has become a key consideration for immigration. With its advanced British-style education system, low educational costs, and a bilateral agreement with China on the mutual recognition of higher education degrees, Cyprus has attracted the attention of many Chinese families, becoming a prime destination for investment immigration.
Cyprus's Economic Outlook is Excellent, Seize the Opportunity for Immigration!
Data recently released by the Statistical Service of Cyprus shows that in July 2019, the number of registered unemployed in Cyprus was 22,106 (excluding self-employed and part-time workers), a year-on-year decrease of 17%, marking the lowest point since 2011. Declines in unemployment were observed across sectors including trade, construction, public administration, accommodation and food services, as well as manufacturing, professional services, and scientific and technical activities.
Official Announcement! Cyprus Immigrants Can Now Pay Donation After Passport Application Approval
Major news for the Cyprus Investment Programme! Following previous internal information obtained by Worldway Group regarding adjustments to the payment timing for the €150,000 donation for Cyprus EU passport applicants, official news has recently been released: according to the official gazette published by the Ministry of Interior of Cyprus, the donation for Cyprus EU passport applicants will now be paid after the passport application is approved and before the passport is issued!
Impressive GDP Growth! Cyprus Investment Immigration May See Another Boom
According to data from Eurostat, Cyprus's GDP grew by 0.7% quarter-on-quarter in the first quarter of 2019, exceeding the 0.4% growth rate of the Eurozone and the 0.5% growth rate of the EU. Following adjustments for the new quarter, the statistical office released updated estimates showing that in the second quarter of 2019, both the EU and Eurozone GDP grew by 0.2% compared to the previous quarter, while Cyprus's GDP maintained...
Great News! Adjustments to the Cyprus Passport Program Policy
Major positive news! Worldway Group has learned from reliable sources that the Cyprus Ministry of Interior will soon adjust the payment timing for the €150,000 donation required for Cyprus EU passport applicants. The requirement to pay the donation before the passport application is approved will be changed to allow investors to complete the payment after the application is approved, with the passport being issued only upon completion of the payment.
Detailed Explanation of the Tax System for Cyprus Investment Immigration
Detailed Explanation of the Tax System for Cyprus Investment Immigration
Due to Hard Brexit, British Citizens are Seeking Citizenship in Cyprus
In the wake of the hard Brexit in the United Kingdom, an increasing number of British citizens residing in Cyprus are seeking to obtain Cypriot EU passports. According to reports from Greek media, nearly 500 British citizens have acquired Cypriot EU passports in the past few months.
Cyprus Real Estate Is at Its Most Active Level in 11 Years
Worldway Group has learned that, according to data from the Department of Land and Surveys of Cyprus, the local real estate market is currently at its most active state in 11 years. Influenced by the new Cyprus investment-based citizenship policy introduced earlier this year, the number of applications for the country's investment-based citizenship program has surged, with Asian investors accounting for the largest share.