Worldway Group News: According to data recently released by the Statistical Service of Cyprus, the number of tourist arrivals in November reached 108,000, an increase of 32.7% compared to the same period last year. The total number of tourist arrivals in Cyprus up to November reached 2.58 million, an increase of 8.2% year-on-year. Such high arrival numbers have brought significant economic benefits to Cyprus and have led more people to learn about and choose to invest in immigration there. Data indicates that with a domestic population of approximately 1.13 million, 30,000 Chinese investors have already chosen to immigrate to Cyprus. As Cyprus gradually realizes its goal of joining the Schengen Area, it will further fuel the boom in immigration investment.
To boost the economy and attract foreign investment, the President of Cyprus has announced a series of tax reduction measures. These include halving property transfer fees; exempting capital gains tax on property purchases made before the end of 2016; and consolidating local and central government real estate taxes, with a 0.1% levy based on the 2013 valuation of the property. This means that the tax costs associated with purchasing real estate such as land for immigration to Cyprus will be lower, which will attract more capital for investment.
Currently, the Cypriot economy has achieved sustained growth, with even higher growth rates projected for 2016. This means that choosing to invest in estate-style properties in Cyprus is a great opportunity for wealth appreciation. Cyprus is a prosperous Mediterranean country with scarce land resources, rapid appreciation, and high investment returns, while also offering European residency status. Therefore, investing in real estate such as estates in Cyprus is highly cost-effective. With the current strong economic growth, market demand for land has further intensified. Today, investing 2.5 million euros in Cyprus allows you to own a 28-acre estate and obtain an EU passport. This is currently an excellent project for investment immigration to Cyprus to obtain an EU passport.
[Photo of Worldway Group President with President of Cyprus Nicos Anastasiades]
As a leading institution for European investment immigration in China, Worldway Group continuously innovates and improves, maintains good relationships with various governments, and acts as an industry pioneer. Worldway Group is now exclusively launching 99 luxurious Mediterranean estates for investors to choose from. By choosing to invest in an estate, you can achieve global asset allocation, ensure wealth inheritance for generations, and obtain EU passports for your entire family, fulfilling your desire to live in Europe. For more details, please call: 400-138-2929