Worldway Comprehensive News: Many people may not be familiar with Cyprus, but it is actually poised to become Europe’s future energy hub, likely to be Europe’s next ‘Dubai’. The name Cyprus means ‘copper’ in Greek, and it is renowned for its copper production. The very name of the country reflects its energy resources, making it an energy empire. Therefore, if you want to seize the opportunity to invest overseas, do not miss the chance to immigrate to Cyprus.
【Cyprus Oil and Gas Fields】
According to data released by the Cypriot government, the twelve offshore natural gas fields in the southern seabed economic exclusive zone have an estimated reserve of about 60 trillion cubic feet, valued at over 40 trillion US dollars. Agreements for exploration and development have already been signed with major energy companies including the United States, France, Italy, and South Korea, and drilling operations are underway. Once exports begin, it will be sufficient to meet 40% of Europe’s natural gas supply and satisfy the country’s electricity needs for 200 years, thus freeing Europe from its dependence on Russian gas!
In 2011, Cyprus discovered its first offshore gas reservoir, with an estimated reserve of about 80 trillion cubic feet, which was later authorized for extraction by the American company Nobel Energy (NBL). Following the discovery of other gas fields, French Total SA, Italian ENI, and Korean Gas Corporation also received authorization. It is expected that within six years, the Cypriot government will establish large offshore drilling platforms, oil and gas pipelines, large liquefied natural gas terminals, large storage facilities, large LNG plants, large methanol plants, large petrochemical plants, and large natural gas power plants, all of which will be developed sequentially.
When it comes to energy, one cannot help but mention Dubai. As the fastest-growing city in the world today, Dubai’s rapid expansion is astonishing: it boasts the world’s first seven-star hotel, the largest shopping mall globally, and the largest indoor ski resort, becoming a trade, finance, business, and tourism hub in the Middle East. Before the 1970s, Dubai was just a small fishing village, relying on fishing and pearls for its livelihood. However, after the discovery of oil in the 1970s (despite oil accounting for only 5% of the total in the UAE), it rapidly transformed into a globally recognized star city within just 40 years. Moreover, with its advantageous geographical location and the strong support of the Dubai royal family for the city’s development, Dubai has gradually become one of the most important ports and trade transit points in the Middle East, demonstrating the immense impact of energy on a country.
Cyprus is an island nation with a population of only 1.13 million (according to 2013 statistics). Such a scale of investment, development, and tremendous growth prospects will undoubtedly bring about revolutionary changes to Cyprus’s per capita income, employment, welfare, educational resources, healthcare, real estate, finance, and immigration policies. Furthermore, Cyprus is known as the ‘back garden of Europe’, rich in culture and natural resources, and economically prosperous, far surpassing Dubai, which rose from the desert. Therefore, Cyprus is poised to outshine Dubai.
【EU Passport Program】
Are you already feeling excited upon seeing this? Action speaks louder than words, so let’s quickly learn about the investment immigration information for Cyprus. Worldway’s European immigration experts state that investing 2.5 million euros in Cyprus can secure over 10,000 square meters of land and obtain an EU passport, which is an excellent project. Compared to traditional real estate investments, investing in land has the following advantages: lower costs, no high taxes for land ownership; easier to sell after three years; land can be sold to developers for construction or to the next investor; land requires no maintenance, making it more worry-free; and you can choose to build your own luxury estate or multiple villas for rental.
The Cyprus EU passport program can be said to have opened a true fast track for investors intending to enter the EU, eliminating the stringent residency requirements, long waiting periods, and language citizenship exams, thus allowing for a quicker acquisition of the highly valuable EU passport.
