Recently, the international rating agency Fitch upgraded Cyprus's sovereign credit rating from "BB+" to "BBB-", with a positive outlook. This marks another rating agency following Standard & Poor's in elevating Cyprus's credit rating to investment grade, further demonstrating the significant achievements of the Cypriot government over the past few years.
It is reported that this is the first time Fitch has upgraded Cyprus's credit rating to investment grade since 2012, which will help reduce Cyprus's financing costs in the international capital markets.
Fitch's report indicates that due to the prosperity of the construction and tourism industries, as well as the stimulation of personal consumption, Cyprus's economy is expected to grow by 4% this year and by 3.8% next year. This has also led to a gradual recovery of Cyprus's Gross Domestic Product (GDP) to pre-financial crisis levels.
With the upgrade of Cyprus's sovereign rating, it proves that its economy is on the rise, indicating that Cyprus has a favorable investment environment filled with opportunities, making it an excellent time to invest in Cyprus.
Through the Cyprus Investment Program, one can obtain permanent property ownership by purchasing real estate in Cyprus valued at over 2 million euros, whether it is one property or multiple properties. This allows participation in the Cypriot investment market, sharing in the economic benefits, and obtaining Cypriot EU passports for the entire family across three generations. On one hand, it achieves the goal of global asset allocation; on the other hand, it provides EU identity, facilitating international expansion of careers and lifestyles in Europe, while the whole family can enjoy the generous education, healthcare, and pension benefits of the EU, achieving multiple benefits at once.
At the same time, holding a Cypriot EU passport not only allows visa-free access to over 150 countries and regions worldwide but also enables free movement, work, and residence in 32 European countries, including the 28 EU member states (such as the United Kingdom, Germany, Austria, Italy, France, Finland, etc.), the 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein), and Switzerland, enjoying the generous benefits of EU citizenship!
With the Cypriot economy and investment environment thriving, and countless opportunities available, the number of applicants for the Cyprus Investment Program, which offers numerous advantages, is bound to continue increasing. Immigration experts remind potential investors looking to immigrate to Cyprus to seize the opportunity and plan ahead.
Investment immigration is a long and complex process, making it crucial to choose a reputable and professional immigration agency with good government relations! WorldWay Group, as one of Asia's top 500 brands, a leading institution in investment immigration, and a pioneer in Cyprus investment immigration, has maintained a good relationship with the Cypriot government for many years.
WorldWay Group ventured into Cyprus investment immigration as early as 2011, introducing the Cyprus investment immigration program to China, thus starting an exciting journey of European investment immigration;
In 2013, it held the first large-scale European property exhibition themed on Europe, which swept the investment immigration trend across China;
In 2014, WorldWay Group successfully hosted China's first investment and cultural exchange event themed on European cities in Beijing and Shanghai—the "Paphos Night" event, which caused a sensation in the industry.
Recently, WorldWay Group also successfully organized China's first large European forum organized by a non-governmental organization—the 2018 China-Europe Trade and Investment Forum, attended by ambassadors, ministers, and counselors from 18 European countries, including Cyprus, showcasing a multi-faceted and multi-dimensional event! The successful hosting of the forum further confirms the professional brand strength of WorldWay Group and its position in the European investment immigration industry.
With the continuous rise of Cyprus's credit rating, choosing Cyprus for investment immigration will be a wise decision! For more details, consult us at: 400-138-2929.