As the year draws to a close, looking back at 2018, immigration policies across various countries have been unpredictable and volatile. Recently, the "Top 10 Immigration Events of 2018" released by WorldWay Group has attracted significant attention from numerous domestic and international media outlets and industry professionals, and has been reprinted and reported by multiple media platforms in a short period. Among them, the increasingly stringent review threshold for the high-value Cyprus Investment Programme has become one of the "Top 10 Immigration Events of 2018," drawing widespread attention.
In 2018, many major events occurred in the immigration market with far-reaching impacts. On May 21, 2018, the government of Cyprus announced that the Cyprus Citizenship by Investment Scheme would be officially renamed the Cyprus Investment Programme, while simultaneously amending the relevant legislation: starting from 2018, the Cyprus Civil Registry and Migration Department would cap the number of investment applications at 700; the processing time for submitted applications would be extended to 6 months; each application would be subject to due diligence; and applicants investing in real estate would be required to hold the investment for three years from the date of issuance of the planning permit. This means that the review threshold for the highly sought-after Cyprus Investment Programme, which continues to see an increasing number of applicants, is constantly rising.
Based on past experience, many popular immigration programs have followed a path from quotas and price increases to eventual closure, such as the Hong Kong Investment Immigration Scheme. Whether Cyprus will follow the global trend of tightening immigration policies and eventually close its immigration channel remains unknown. However, in the face of the changing landscape of the immigration world, the only thing we can do is to act as early as possible—sooner rather than later—to avoid regrets from missing out on better opportunities.
The Cyprus Investment Programme requires an investment of at least 2 million euros in Cyprus real estate (whether in one or multiple properties) to quickly apply for immigration to Cyprus in one step, allowing three generations of the family to obtain European Union citizenship and a Cyprus EU passport, reaping the benefits of both wealth and status.
As a member state of the European Union, once you obtain a Cyprus passport, you can live and work in any EU country you desire, enjoying the educational and medical resources of EU nations at a high cost-performance ratio. The United Kingdom, which is set to leave the European Union, has also clearly stated: after the UK leaves the EU on December 31, 2020 (the expected end of the transition period), citizens of EU member states, along with themselves and their family members, can apply for settled or pre-settled status in the UK. This means that those who obtain settled or pre-settled status can continue to reside in the UK without being affected by Brexit. The Cyprus passport is not only an EU passport but can also be used to activate permanent residency in the UK, serving as a pathway to immigrate to the UK; its cost-effectiveness is self-evident.
Advantages of the Cyprus EU Passport
1. One person invests, the whole family obtains an EU passport, with visa-free access to over 150 countries and regions worldwide;
2. 1=32: Holding a Cyprus passport allows you to freely reside, work, and study in 32 European countries (including 28 EU countries such as the UK, Germany, Italy, and France, as well as Switzerland, Norway, Iceland, and Liechtenstein), enjoying the same welfare benefits as EU citizens;
3. Permanent title deeds, with real estate that can be inherited;
4. Pure British-style education system, allowing children to enjoy high-quality education;
5. Preferential tax system.
The Cyprus EU passport program, with its numerous advantages, has already limited the number of applicants, and policies are tightening—a situation that global investors are reluctant to see. WorldWay Group kindly reminds investors interested in immigrating to Cyprus: it is best to act early.
Investment immigration is a long and complex process, and choosing a formal, professional immigration agency with good government relations is crucial! As a pioneer in Cyprus investment immigration, WorldWay Group introduced the Cyprus Investment Programme to China in 2011, launching a wonderful journey of European investment immigration; in 2014, it successfully hosted the "Paphos Night" event in Beijing and Shanghai, which was an investment and cultural exchange event themed around a European city in China.
For more immigration details, please consult: 400-138-2929
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