Following the economic recovery after 2015, Cyprus has transitioned from deflation to moderate inflation, with the inflation rate maintained between 0% and 2%, showing a positive development trend! Cyprus's economic growth rate reached 2.6% in 2016 and 3.0% in 2017, with continued growth expected in 2018.
The trend of Cyprus's economic rebound is leading more and more global investors to choose to inject capital! This clearly indicates that the most suitable time to invest in Cyprus has arrived! If you don't believe it, let's take a look at the relevant data!
1. Continued GDP growth in 2018
Cyprus's GDP growth rate in 2016 was 2.6%. According to the International Monetary Fund, Cyprus's GDP growth was significant in 2015, and the 2016 growth rate exceeded the average economic growth of the Eurozone. GDP is expected to remain stable and rise in 2017 and 2018.
"Hotels and restaurants" are a key factor in GDP growth. The International Monetary Fund expects Cyprus's GDP growth to remain at 2.2% in 2018, which is a very impressive growth figure for a Western country.
2. Favorable real estate market trends
The demand for real estate in Cyprus continues to rise and is expected to see significant growth in the future, so investing in real estate has great potential for appreciation.
Survey data shows that the number of real estate sales contracts in Cyprus is showing a steady growth trend. It grew by 8% in September 2017, 18% in October, 39% in November, and 36% in December; in January 2018, the number of real estate sales contracts increased compared to a year ago.
3. One of the countries with the lowest taxes in Europe
One of the countries with the lowest tax rates in the EU, with a corporate tax of only 12.5%, and has signed "Double Taxation Avoidance Treaties" with more than 50 countries (including China). Due to the low tax rate, the number of investment companies registered with the Cyprus Securities and Exchange Commission is also increasing year by year.
4. A European energy powerhouse
The total reserves of Cyprus's current offshore natural gas fields are approximately 60 trillion cubic feet, with a total value of about 129 billion US dollars. Once fully developed, it can supply Cyprus for 200 years and meet 40% of Europe's energy supply.
Once natural gas development reaches scale, Cyprus will undoubtedly become one of the wealthiest countries in Europe and the world in the future. Investing in Cyprus now will yield considerable investment returns within the next three to five years.
5. Developed shipping business
Liberal aviation policies attract business travelers from all over the world. Cyprus's economy relies on tourism, so the main mode of transport is air travel.
To date, Cyprus has signed "Bilateral Air Services Agreements" with 51 countries, with over 70 airlines and 130 routes serving 40 countries.
6. Continued growth in tourism
The number of inbound tourists is increasing year by year. Since 2005, the number of inbound tourists to Cyprus has exceeded 2.4 million. Due to the recovery of the European economy, the number of inbound tourists was 2.7 million in 2015, broke the 3 million mark in 2016, reaching the highest in the past decade; it reached 3.6 million in 2017, achieving a significant growth of 33%.
At the same time, a large number of European retirees are returning, once again injecting more vitality into the development of the country's tourism market and stimulating the local economy.
From the above data analysis, it is not difficult to see that Cyprus has strong advantages and investment opportunities:
▶ Economic recovery, high GDP growth rate, and benign inflation rate mean a healthy economic development and investment environment;
▶ A developed EU economy, having EU citizenship allows you and your family to freely choose to settle in 28 countries and enjoy high-quality social welfare benefits;
▶ Low tax rate, one of the excellent choices for investment tax avoidance;
▶ A booming tourism industry and the international hotel market trend where demand exceeds supply will become good investment opportunities.
Currently, investing 2 million euros in real estate in Cyprus, the property has permanent ownership and can be inherited. One person invests and the whole family gets an EU passport, with visa-free access to more than 150 countries and regions worldwide;
Holding a Cyprus passport, you can freely live, work, and study in 32 European countries (including 28 EU countries such as the UK, Germany, Italy, France, as well as Switzerland, Norway, Iceland, and Liechtenstein), and enjoy the same welfare benefits as citizens in the 28 EU countries;
Cyprus is also one of the best choices for world-class offshore taxation, with a favorable tax system! Are you not tempted yet?
As a pioneer and leader in Cyprus investment immigration, WorldWay Group has always been at the forefront of the industry in promoting Cyprus passport immigration! In 2011, it was the first to introduce the Cyprus permanent residence and citizenship by investment program to China, starting a wonderful journey of European investment immigration! Over the years, WorldWay has maintained a positive and friendly cooperative relationship with the Cyprus government, obtaining official news for investors in a timely manner and helping investors successfully establish a second home overseas!
Choose WorldWay for your Cyprus EU passport, making your immigration journey easier! For more details, please consult:400-138-2929