According to relevant reports, Cobalt Air of Cyprus is expected to launch direct flights between China and Cyprus from both Beijing and Shenzhen in early 2018. Once established, Cyprus will become the European country with the shortest flight time from China.
Cobalt Air, invested and established by Joy Air under AVIC, has already launched routes to several countries including the United Kingdom, France, Germany, Switzerland, and Belgium. The company has also established a strategic partnership with the Industrial and Commercial Bank of China (ICBC). The Chinese capital background of Cobalt Air adds further confidence to the success of the direct China-Cyprus route.
According to industry experts, once the direct China-Cyprus route is launched, the local economy in Cyprus will experience rapid improvement, which will also drive the rapid growth of the local real estate market. Now, before the launch of direct flights, is an excellent time for investors to enter the Cyprus market.
Cyprus has always welcomed Chinese investors to conduct business. Currently, the number of Chinese-funded enterprises in Cyprus is increasing year by year, including Huawei, Midea, Haier, CNOOC, and COSCO Group. Among them, Huawei's profits in Cyprus in 2015 exceeded 20 million Euros. In addition, the largest casino in Cyprus is set to begin construction by the end of 2017, and two temporary casinos will be operational during the construction of the main resort. This, along with the direct flights, will promote the take-off of the Cypriot economy.
Combining these major advantages, Cyprus has enormous investment potential. Furthermore, investing in Cyprus real estate now allows you to obtain an EU passport and enjoy a prestigious European lifestyle! Since its implementation, the Cyprus Investment Programme has been favored for its simple and convenient application process and its "one-stop" nature. In particular, as a member of the European Union, obtaining a Cyprus passport through investment is equivalent to holding a pass that can open doors to 27 EU countries and beyond. Investors can also enjoy investment returns, children's education, and various tax benefits. Now, investors can spend 2 million Euros to purchase property and quickly apply for immigration to Cyprus in one step, allowing the whole family to obtain EU citizenship and achieve both wealth and status.
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