According to a report by the Department of Lands and Surveys of Cyprus, the number of property sales contracts filed at the Land Registry Office in Cyprus in January 2018 surged by 64% compared to the same period last year.
In January 2018, sales volume increased across all regions of Cyprus. Among them, property sales in Famagusta led other regions with an increase of 129%; Nicosia followed closely with an increase of 103%; Paphos, Limassol, and Larnaca saw increases of 71%, 70%, and 10% respectively.
WorldWay immigration experts state that in 2018, Cyprus has become a "hot favorite" in the eyes of investors. Driven by the boom in European property investment immigration, property transaction volumes in Cyprus are expected to continue to rise. Investing in Cyprus property yields more than just a home; it allows for a fast-track application for Cyprus immigration, offering numerous benefits:
Top-tier EU Status
Choosing to invest in Cyprus immigration allows you to apply for Cyprus immigration quickly and in one step, enabling your entire family to obtain EU citizenship and enjoy the generous benefits afforded to EU citizens. As an EU citizen, you can freely enter, reside, study, and work in other EU member states and European Economic Area countries (including Switzerland, Norway, Iceland, and Liechtenstein). At the same time, you can enjoy visa-free or visa-on-arrival access to over 150 countries and regions worldwide, providing you with a highly useful and convenient "travel tool."
Global Business Expansion
For those needing to conduct global asset allocation, a Cyprus passport is an essential document. There is no real estate tax when investing in Cyprus through property purchase, and the corporate income tax in Cyprus is only 12.5%, one of the lowest among European countries.
Children's Education
By immigrating to Cyprus with EU citizenship, children can enjoy free education provided by Cyprus or other EU member states from primary school through high school. At the same time, they can easily apply to top domestic universities and attend international schools as foreign students in Cyprus. Furthermore, if children are studying abroad, parents can also obtain a Cyprus passport to accompany and care for their children's studies and daily life.
Medical and Pension Security
Immigrating to Cyprus allows you to enjoy corresponding medical benefits as an EU citizen. Moreover, in Cyprus, as long as you reside there for at least 183 days per year, you can receive a state pension upon reaching retirement age. Investing in Cyprus immigration means securing an insurance policy for your future retirement.
Currently, investors only need to invest 2 million EUR in property to quickly apply for Cyprus immigration and reap all the top-tier benefits mentioned above. For more project information, please call 400-138-2929 to contact WorldWay Immigration and consult with our professionals.
