Recently, the passport of Cyprus, the 'Dubai of Europe,' has once again captured global attention, as wealthy individuals from one particular country have coincidentally chosen Cyprus as their immigration destination: India.
Statistics show that India has 119 billionaires, ranking only behind the United States and China; it also has 20,730 multi-millionaires, making it the seventh-largest country for multi-millionaires in the world, with an economic strength that cannot be underestimated. In 2017, 7,000 ultra-wealthy Indians obtained overseas status, with Cyprus becoming a popular immigration destination for Indian tycoons, following major countries like the United States and the United Kingdom.
Indian Real Estate Tycoon Naturalizes in Cyprus: Facilitating Business
Recently, the news that Indian real estate tycoon Surendra Hiranandani resolutely renounced his Indian citizenship to naturalize in Cyprus shocked the circle of the wealthy. He is the co-founder of the Hiranandani Group, one of India's largest real estate developers, and Forbes lists his net worth at $1.29 billion.
Hiranandani stated that his decision to naturalize in Cyprus was primarily to facilitate business, as "it is very difficult to obtain work visas with an Indian passport." In other words, in Hiranandani's view, the business environment in Cyprus is excellent; the corporate income tax for companies registered in Cyprus is only 12.5%, and Cyprus serves as his perfect business 'springboard'.
Indian Watch Tycoon Naturalizes in Cyprus: Enjoying International Quality of Life
In fact, besides the Indian real estate tycoon, Indian watch tycoon Anish Bhatt also favors Cyprus. Anish Bhatt, better known by his name Watch Anish, is the founder of a world-renowned luxury watch and lifestyle magazine.
Anish Bhatt stated that obtaining Cypriot status was primarily to provide an international quality of life for himself and his family. "I travel frequently for work and only spend about 60 days a year with my wife and daughter, so these days are very important to me. I want to spend time with my family in a place with plenty of sunshine, swimming pools, and beautiful beaches everywhere, rather than in a dull, busy city apartment. I want to provide a better quality of life for my daughter."
How High is the Value of a Cypriot EU Passport?
In recent years, an increasing number of high-net-worth individuals have been keen on choosing Cyprus, this beautiful Mediterranean island nation, not only because Cyprus has a superior tax system (no property tax, inheritance tax, or gift tax; corporate income tax is only 12.5%, and it can even be exempt from global taxation), a favorable business environment, a superior geographical location (the 'Golden Key' of the Mediterranean, a hub connecting Europe, Asia, and Africa), and a livable environment, but also because the Cypriot EU passport has extremely high value. It not only allows visa-free access to over 150 countries and regions worldwide, but it also offers a 1=32 advantage! Holding a Cypriot EU passport allows for free movement, work, and residence within 32 European countries, including the 28 EU member states (such as the UK, Germany, Austria, Italy, France, Finland, etc.), the 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein), and Switzerland, while enjoying the generous benefits of EU citizenship!
How to Obtain a Cypriot EU Passport?
Simply purchase Cypriot real estate worth over 2 million euros, whether it is one property or multiple, to quickly obtain a Cypriot EU passport for the whole family of three generations in one step. You not only gain hereditary permanent property rights but also enjoy generous EU benefits in education, healthcare, and retirement, achieving multiple goals at once.
WorldWay Group — The Pioneer of the Cypriot EU Passport Program
Introduced the Cyprus property investment immigration program to China in 2011, starting a wonderful journey of European investment immigration
Successfully held the 'Paphos Night' event in Beijing and Shanghai in 2014, which was the first investment and cultural exchange event in China themed around a European city
Choose WorldWay for your Cypriot EU passport application, and make your immigration journey easier!
On September 8, 2018, the 2018 China-Europe Trade and Investment Forum, co-organized by the WorldWay Wealth Club and hosted by the WorldWay Group and Huayun Capital Group, will be grandly held at the Fangfeiyuan of the Diaoyutai State Guesthouse in Beijing. We look forward to your participation in the 2018 China-Europe Trade and Investment Forum. For reservations for premium seats, please call the hotline: 400-138-2929.
