WorldWay reports: Cyprus has begun preparations to join Schengen and is expected to complete this by August 2016. With Cyprus's accession to Schengen approaching, the threshold for immigration and citizenship in Cyprus is likely to increase. After joining Schengen, influenced by the regulations of Schengen countries and the recovery of the Cypriot economy, raising the investment threshold is a trend! Therefore, immigration investment in Cyprus should be made promptly.
【Schengen Countries】
Before Cyprus officially becomes a member of the visa-free zone, it must meet a series of assessment requirements, including air borders, visa control, police cooperation, and personal data protection, among others.
The Schengen Agreement has led to the establishment of a borderless Schengen Area in Europe. Currently, 22 of the 28 EU member states have joined this agreement. Among the six EU member states that are not in the Schengen Area, four countries, including Bulgaria, Croatia, Romania, and Cyprus, have a legal obligation and wish to join the Schengen Area. Additionally, four members of the European Free Trade Association (EFTA) - Iceland, Liechtenstein, Norway, and Switzerland - have also signed the Schengen Agreement, even though they are not EU countries.
One of the main benefits of becoming a member of the agreement is that people can move freely within the entire EU area without needing separate visas or border checks. In the past, visitors entering the EU needed to obtain separate visas issued by the countries they intended to visit. The purpose of joining the Schengen Area is to promote trade development and integration among different nationalities and to encourage tourism from emerging markets such as China and India. Therefore, immigration and citizenship in Cyprus should be pursued sooner rather than later.
Currently, WorldWay Immigration Agency offers a high-value project where an investment of 2.5 million euros in Cyprus grants ownership of a 28-acre Mediterranean estate and provides the entire family with EU passports. The process can be completed in just three months, allowing the whole family to obtain Cypriot passports, which are EU passports. Thus, investing in this project offers excellent value for money, allowing for the customization of one's residence while also obtaining the freedom to choose to live in any of the 28 EU countries (including the United Kingdom, Germany, and France) and enjoy the same treatment as local citizens. This is an important opportunity for Chinese investors to go overseas and engage in global asset allocation. For Cyprus immigration consultation, call 400-138-2929.