Worldway Comprehensive News: Recently, according to a report by the Cyprus Mail on July 15, the head of the Cyprus Tourism Organization stated that based on the phased growth trend of inbound tourist numbers, it is expected that the total number of inbound tourists will increase by 5% for the year. Currently, the number of tourists from traditional source countries such as the United Kingdom and Germany has increased by 17-18%, leading to a slight overall increase in inbound tourist numbers. At present, tourism is the largest economic pillar of Cyprus, with direct income accounting for approximately 12% of the national GDP. If we consider the indirect income brought to the national economy by the tourism industry, tourism accounts for about 25% of the national economy. Therefore, this is a good time for immigration investment in Cyprus.
Cyprus, with its beautiful natural environment and cultural landscapes, has become a highly favored tourist destination for travelers worldwide. Approximately 2.4 million tourists visit Cyprus for vacation each year, and many popular tourist activities have unique charm throughout the four seasons.
The Cyprus Mail reported that in January and February 2015, the number of tourists visiting Cyprus increased by 7.7% year-on-year. According to Loizou, the chairman of the Cyprus Tourism Organization, Cyprus received a total of 92,508 foreign tourists in the first two months of this year, compared to 85,903 tourists during the same period last year.
As a pillar industry of Cyprus, the rise of tourism will drive the rapid recovery of the overall economy of Cyprus. According to economic forecasts released by the European Commission, the economy of Cyprus is expected to recover moderately starting in 2015 and will further strengthen alongside other EU countries in 2016.
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 also greatly promote the economic development of Cyprus.
Therefore, now is a good opportunity for investment immigration to 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 management, 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, lengthy waiting periods, and language citizenship exams, thus allowing for a quicker acquisition of a highly valuable EU passport. EU passport consultation: 400-138-2929
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