Cyprus—located at the crossroads of Europe, Asia, and Africa, and a member of the European Union, the Commonwealth, and the Eurozone—is currently recognized as the first step for capital entering Europe and is a preferred destination for European investment.
Growth in personal consumption, a decline in the unemployment rate, increased exports, and a year-on-year rise in tourist numbers... all signs indicate that the Cypriot economy is growing steadily. At the same time, the Cypriot government is determined to invest in the gaming industry and pursue a path of diversified development; by joining the Asian Infrastructure Investment Bank (AIIB) and actively responding to the "Belt and Road" initiative, the situation is looking excellent!
Cyprus approves casino license to stimulate investment immigration
Recently, the Cypriot cabinet officially approved the "Melco-Hard Rock" casino license without any suspense, granting it a 30-year casino operating right. This move will undoubtedly attract more investment and tourists to Cyprus, thereby further promoting the country's economic development.
In addition, it is reported that the consortium consisting of Melco International, Hard Rock International, and Cyprus Phasouri (Zakaki) has selected Makarios Avenue in Nicosia as a satellite casino location. This will be the largest of the four satellite casinos. According to the plan submitted by the consortium, the investment in the casino resort and satellite casinos will reach 650 million euros.
According to the government, the casino resort will attract 300,000 tourists annually while significantly increasing employment opportunities. According to a report by a well-known institution, developing a casino resort in Cyprus will generate 47 million euros in revenue for the national treasury, create 4,000 jobs, and annual tourism revenue is expected to increase to 187 million euros.
It is imaginable that with the prosperity of the gaming industry, Cyprus will surely become the Las Vegas of the Mediterranean in the near future.
Cyprus joins the AIIB, with unlimited investment potential
On the day before the opening of the "Belt and Road" Forum for International Cooperation, the China-backed Asian Infrastructure Investment Bank (AIIB) announced in Beijing that its Board of Governors had approved a new batch of 7 prospective members, including Cyprus.
After joining the AIIB, Cyprus can receive investment assistance from China for infrastructure construction. At the same time, China can convert some of its US debt into physical investments in Cyprus, further opening up the Cypriot and even European markets, and helping Chinese companies go global for international expansion.
As an EU member state located at the intersection of Asia, Africa, and Europe, investing and doing business in Cyprus means that investors can use the country as a foothold. Not only can they radiate business to the EU market, which has over 500 million high-quality consumers, but they can also expand into regions such as North Africa and West Asia.
As one of the important nodes on the "Belt and Road," more domestic capital will flow into Cyprus after it joins the AIIB. With the deepening of the "Belt and Road" initiative, domestic investors will not only enjoy various benefits brought by China-Cyprus cooperation but also gain generous returns from their investments.
Cyprus, currently in an economic recovery period, is full of business opportunities. Now is the best time to invest in Cyprus. The country's appreciation potential is huge, and at the same time, the value of Cypriot citizenship is also "rising with the tide." At this stage, investment immigration to Cyprus is very simple. Investors only need to invest 2 million euros to purchase real estate to quickly apply for immigration to Cyprus in one step. The whole family can obtain EU citizenship, and holding a Cyprus passport allows for broader overseas asset allocation, opening up a better future for your career and family.
WorldWay is launching a major "3rd American Immigration Month" promotional campaign. During the event, signing up for WorldWay Group's mainstream investment immigration projects will allow you to enjoy significant discounts. There are also many themed events waiting for you, such as overseas investment sessions, interactive salons, immigration policy analysis meetings, and client appreciation events. There are many activities and many discounts, so please pay attention and participate!
Event Preview:
The "2017 Overseas Investment Summit Forum," co-hosted by the WorldWay Wealth Club and the China Real Estate Chamber of Commerce, and organized by WorldWay Group, WorldWay Beijing, and WorldWay Shanghai, will be held in Beijing and Shanghai on June 17th and 18th, respectively. For reservations, please call our premium reservation hotline to attend for free: 400-138-2929.
