Worldway Comprehensive News: According to Cypriot media reports, after the European Union economy emerged from recession, it has achieved slight economic recovery for three consecutive quarters. The economic growth of the Eurozone is expected to be 1.2% and 1.7% for the next two years; driven by the strong performance of the UK economy, the EU's economic growth rate is expected to reach 1.6% and 2% respectively in the next two years. As one of the 28 member states of the EU, Cyprus is also showing signs of economic recovery. At the end of 2014, the Governor of the Central Bank of Cyprus, Chrystalla Georghadji, stated that Cyprus would restore economic growth in 2015. This will further boost Cyprus's ability to attract more investors for immigration.
Cyprus, with its beautiful natural environment and cultural landscapes, has become a favorite tourist destination for travelers worldwide. Approximately 2.4 million tourists visit Cyprus for vacations each year, and many popular tourist activities have unique charm throughout the four seasons.
In addition, approximately 1.2 to 1.4 billion barrels of oil reserves have been discovered at a depth of about 7,500 meters in Block 12 of the Cyprus Exclusive Economic Zone (EEZ). This discovery will greatly promote the economic development of Cyprus.
Currently, there is a great opportunity for investment immigration in Cyprus. Worldway's European immigration experts state that investing 2.5 million euros in Cyprus can secure over 10,000 square meters of land, a great project for obtaining an EU passport. 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; the option to create a luxury estate or build 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 stringent residency requirements, long waiting periods, and language citizenship exams, thus allowing for a quicker acquisition of the highly valuable EU passport.
