According to foreign media reports, the latest report released by the Cyprus Statistical Service shows that Cyprus achieved a fiscal surplus of €64.4 million in 2016, accounting for 0.4% of its Gross Domestic Product. This is the first fiscal surplus for Cyprus since the financial crisis of 2008.
With the improvement of Cyprus's fiscal and economic situation, Cyprus, which is in a period of economic recovery, is full of business opportunities for investors.
Larnaca Port Development Strategy
According to the latest plan from the Cyprus Ministry of Transport, development and expansion of Larnaca Port will begin in August 2017. Investors need to choose one of two plans:
1. Construct a marina capable of accommodating 750 50-meter mega yachts and one 1300-meter cruise ship;
2. Construct a marina capable of accommodating 600 50-meter yachts, 25 mega yachts, and one 250-meter cruise ship.
Once the project development is completed, Larnaca Port will be a modern port integrating residential, transportation, commercial, and travel functions, and Larnaca will develop into a major tourism center. The port is divided into two parts, with the northern part primarily used for port operations, providing significant potential and urgent demand for Cyprus's future investment market.
Direct Flights Between China and Cyprus to Launch in Summer 2017
On October 4, 2016, Gregory Diacou, Chairman of Cobalt Airlines, announced that the airline based in Larnaca, Cyprus, plans to launch daily direct flights between China and Cyprus in the summer of 2017, including major cities such as Beijing and Shanghai.
The upcoming direct flights between China and Cyprus will undoubtedly greatly promote tourism, investment, and economic development in Cyprus. The convenience of transportation, combined with positive signals from the Cypriot economy, will encourage more investors and consortiums to invest, and the value of the Cyprus EU passport will undoubtedly increase significantly.
Currently, property prices in Cyprus are at historic lows, coupled with a weak euro exchange rate. In this favorable "double low" situation, Cyprus's property investment immigration has become a popular choice for many investors looking to invest overseas. Additionally, the Cypriot government's future urban planning for 2017, the launch of direct flights between China and Cyprus, and stable economic growth will all positively promote investment immigration to Cyprus. A favorable investment environment will undoubtedly attract more investors' attention, making 2017 one of the wisest choices for immigration investment in Cyprus!
Currently, it is very simple to immigrate to Cyprus through WorldWay Immigration. WorldWay Immigration exclusively offers investors the choice of 99 luxurious Mediterranean villa fast-track citizenship projects in Cyprus. By investing €2 million in real estate, one can quickly apply for citizenship, become a European Union citizen, enjoy the benefits of EU citizenship, engage in overseas investments, and benefit from the economic recovery in Cyprus, while also enjoying the generous welfare benefits of EU citizenship. For more details, please call: 400-138-2929.