Major positive news! WorldWay Group has learned that the Ministry of Interior of Cyprus has recently officially announced a 60-day grace period for the new Cyprus Investment Programme policy, which was set to take effect on May 15. The details are as follows:
Before May 15, 2019, investors who sign a property purchase contract, complete the contract registration, and pay the stamp duty may have their immigration application materials submitted by July 15, 2019. Such clients may enjoy the current policy:
• Investment amount of 2 million euros, with no requirement to donate 150,000 euros;
• Property must be held for 5 years;
• When submitting the immigration application, each applicant must hold a valid Schengen visa.
Comparison table between the upcoming new Cyprus Investment Programme policy and the old policy:
WorldWay experts state that the two-month grace period is undoubtedly a shot in the arm for investment applicants who are still racing to meet the old policy requirements, as it provides them with sufficient time to prepare their application materials! For investors interested in obtaining a Cyprus passport, with only about one week left until the May 15 deadline, it is a prudent strategy to make a concerted effort to complete the signing and registration of the property purchase contract and seize this final window of opportunity under the old policy!
Currently, the tightening trend of the Cyprus Investment Programme continues, and increasingly higher thresholds and stricter regulations will, to a certain extent, increase the difficulty of application! For investors who are hesitant or waiting, please act quickly. WorldWay Group will continue to track the direction of the Cyprus Investment Programme policy and provide you with feedback as soon as possible.
As is well known, the high-value Cyprus Investment Programme has always attracted the attention of global investors due to its advantages, such as obtaining an EU passport in one step. As a member state of the European Union, after obtaining a Cyprus passport, you can not only enjoy visa-free access to more than 150 countries and regions, but also freely move, work, and reside in any of the 28 EU member states (including the UK, Germany, Austria, Italy, France, Finland, etc.), the 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein), and Switzerland—a total of 32 European countries—and enjoy the generous benefits of EU citizenship!
As one of the Top 500 Asian Brands and a leading institution in the investment immigration industry, WorldWay Group, as a pioneer in Cyprus investment immigration, has always been at the forefront of the industry in promoting Cyprus passport immigration: in 2011, it was among the first to introduce the Cyprus permanent residency and citizenship by investment programs to China, starting a wonderful journey of European investment immigration; in 2014, the "Paphos Night" events in Beijing and Shanghai were the first investment and cultural exchange events in China themed around a European city.
At this critical juncture where investors are rushing to catch the last train for low-cost immigration to Cyprus, the three major teams of WorldWay Group—projects, documentation, and customer service—are already standing by and ready at all times. They not only tailor a comprehensive immigration plan for investors but also provide thorough preparation and oversight for every key detail, helping investors seize the policy window to successfully immigrate to Cyprus! Interested parties, please call for consultation: 400-138-2929.
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