As is well known, European investment immigration has become increasingly popular over the past two years. Many domestic investors are considering applying for European investment immigration, with Cyprus being particularly sought after by numerous investment immigrants. 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 January 2018 surged by 64% compared to the same period last year. Why has Cyprus become a premier destination for immigration to Europe? Worldway has summarized the top 3 psychological reasons for those choosing to immigrate to Cyprus.
High Property Returns
By investing in real estate in Cyprus, in addition to the returns generated by the property, you can also obtain EU passports for three generations of your family. With an EU passport, you can freely enter, reside, study, and work in all EU member states, including Germany and France, as well as European Economic Area countries (including Norway, Iceland, and Liechtenstein), and enjoy visa-free access to over 150 countries and regions worldwide.
A Stepping Stone to Other Countries
Immigrating to Cyprus can serve as a stepping stone for investing and immigrating to other European countries and even the rest of the world, thereby easily achieving WorldWay expansion and asset allocation. Cyprus itself has no inheritance tax, no capital gains tax on property transactions, and a corporate income tax rate of only 12.5%, one of the lowest among EU member states, providing significant room for business development.
Excellent Social Welfare
The government of Cyprus attaches great importance to the construction and improvement of education, healthcare, and national public facilities. With its first-class teaching standards, breathtaking scenery, pleasant Mediterranean climate, and safe living environment, among many other advantages, more and more international investors are setting their sights on Cyprus.
Currently, by investing over 2 million euros in real estate in Cyprus—whether in a single property or multiple properties—you can apply for immigration and obtain EU passports for your entire family as long as the total value exceeds 2 million euros. For those looking to settle in Europe and build a second home overseas, purchasing property in Cyprus to obtain an EU passport is a very convenient way to immigrate. It is clear that those interested in investing in property in Cyprus should act early! Do not miss this great opportunity for property investment. For more immigration information, please call the Worldway immigration hotline: 400-138-2929.
