Worldway Comprehensive News: Recently, the international credit rating agency Standard and Poor's has given a positive rating to the economic outlook of Cyprus. The Cypriot government is very pleased with S&P's decision, and a government spokesperson stated, "It is of great significance that a strict rating agency has given a positive rating to the economic outlook of Cyprus, and this is also true for the international market." This will help attract more international capital to invest in immigration to Cyprus.
The spokesperson for the Cypriot government stated: "It is our responsibility to not only protect this positive outlook but also to responsibly strengthen it together."
The rating agency estimates that based on the €10 billion economic adjustment plan reached with international banks in March 2013, and supported by a vibrant service sector, stable tourism, and a recovering level of personal consumption, the Cypriot economy will emerge from the bottom and gradually strengthen by 2015. S&P indicates that the economy will begin to grow in 2015, marking the first growth since 2011.
Currently, there is a great opportunity for investment immigration to Cyprus. Worldway's European immigration experts state that investing €2.5 million in Cyprus today can secure over 10,000 square meters of land, a great project for obtaining an EU passport. Compared to traditional property investment, investing in land has the following advantages: lower costs, owning land incurs no high taxes; easier to sell after three years; can sell the land to developers for construction or to the next investor; land requires no maintenance, making it more worry-free; can choose to build a 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 "immigration monitoring" residency requirements, long waiting periods, and language citizenship exams, thus allowing for a quicker acquisition of the highly valuable EU passport.
