Worldway Group has learned that, according to data from the Department of Land and Surveys of Cyprus, the local real estate market is currently at its most active state in 11 years. Influenced by the new Cyprus investment-based citizenship policy introduced earlier this year, the number of applications for the country's investment-based citizenship program has surged, with Asian investors accounting for the largest share.
Cyprus, a picturesque small European island, has long been popular among overseas buyers. Its sunny weather, relaxed Mediterranean lifestyle, rich history, and freehold properties have all captured the attention of international investors.
A Favorite Among Asian Buyers
Attracted by the Cyprus investment-based citizenship program, Asian investors have become the largest group of overseas buyers in Cyprus real estate transactions. It is reported that between January and May 2019, overseas buyers accounted for 44.6% of total real estate sales in Cyprus, with half of that transaction volume coming from Asian investors. Industry insiders stated: "Paphos is the most popular city for both EU and non-EU buyers, accounting for 40.6% of total transactions during this period. This is followed by Limassol, which accounts for 29.5% of all sales, and Larnaca, which accounts for 15.3%." "High-quality residential development projects (properties over 1 million euros) saw the largest increase over the past year, with an average growth of 27%, while properties under 1 million euros saw an average growth of approximately 6%."
Cyprus Investment-Based Citizenship Program
The Cyprus investment-based citizenship program has consistently attracted non-EU overseas investors, particularly those from the Far East, the Middle East, India, Russia, and South Africa.
Investors only need to invest in Cyprus real estate starting from 2 million euros and make a donation of 150,000 euros to quickly obtain Cyprus EU passports for three generations of their family. Holding a Cyprus EU passport not only allows visa-free travel to more than 150 countries and regions worldwide, but also provides the "1=32" benefit: holders of a Cyprus EU passport can freely relocate, work, and reside in any of the 28 EU member states (including the UK, Germany, Austria, Italy, France, Finland, etc.), as well as the 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein) and Switzerland—a total of 32 European countries. They can also enjoy the generous benefits of EU citizenship and, under certain conditions, easily migrate to multiple European countries.
In addition to real estate investment, investors can also immigrate to Cyprus by purchasing, establishing, or participating in the investment of a Cyprus enterprise.
Superior Tax System
Beyond the investment-based citizenship program, the country's tax system is also highly attractive to international buyers. The corporate tax rate in Cyprus is only 12.5%; there is no inheritance tax, no gift tax, no global taxation, and the country has signed double taxation avoidance treaties with more than 40 countries, including China. The superior tax system of Cyprus has attracted numerous enterprises and investors to create more wealth here.
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 naturalization by exception program to China, launching 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. Choosing the professional Worldway Group, which has excellent government relations, makes your immigration journey easier!
Currently, in addition to real estate investment, Worldway Group has joined forces with a powerful Cyprus developer to launch the Limassol Golf Integrated Resort project. It is one of the few high-quality equity buyback immigration projects suitable for those who wish to immigrate by purchasing, establishing, or participating in the investment of a Cyprus enterprise. By investing 2 million euros to subscribe to the project's equity, while also investing in Cyprus real estate starting from 500,000 euros and making a donation of 150,000 euros, the whole family of three generations can apply for and obtain a Cyprus EU passport. Investing in the Limassol Golf Integrated Resort preferred shares comes with a 2x real estate guarantee from a large, powerful developer, and the developer promises to buy back the shares at a 15% premium after six years. Investors can not only recover their initial investment costs but also enjoy substantial interest dividends. With only 20 precious spots available, they are being snapped up quickly—interested parties should not miss this opportunity!
