Major news for the Cyprus Investment Programme! Following previous internal information obtained by Worldway Group regarding adjustments to the payment timing for the €150,000 donation for Cyprus EU passport applicants, official news has recently been released: according to the official gazette published by the Ministry of Interior of Cyprus, the donation for Cyprus EU passport applicants will now be paid after the passport application is approved and before the passport is issued!
Paying the donation after the passport application is approved is undoubtedly a major benefit for investors applying for a Cyprus EU passport. It avoids the risk of investors being unable to recover their donation if the application is rejected, and once again reflects the humanistic side of the Cyprus government, which considers the interests of investors.
At the same time, to ensure the transparency of the Cyprus Investment Programme, the Council of Ministers of Cyprus has approved a proposal from the Ministry of Interior to prohibit high-risk individuals from obtaining a Cyprus passport, including the following categories:
1) Individuals who have held government positions in the past five years;
2) Individuals who have been sanctioned by a third country;
3) Individuals associated with organizations sanctioned by a third country.
The prohibition of high-risk individuals from obtaining a Cyprus passport means that Cyprus has further raised the threshold for naturalization.
Cyprus is a very romantic country. Sunshine, beaches, waves, and mythical stories all give this Mediterranean country a unique charm, attracting many people to invest and immigrate here. As one of the few EU member states with an open investment citizenship program, the high value of the Cyprus passport has always attracted many high-net-worth individuals.
Through the Cyprus Investment Programme, by purchasing Cyprus real estate worth at least €2 million (whether one or multiple properties) and donating €150,000, the whole family of three generations can apply for a Cyprus EU passport. In addition, investors can also apply for immigration to Cyprus by purchasing, establishing, or participating in the investment of a Cyprus company. For example, Worldway Group's Limassol Golf Resort project is an equity buyback immigration project suitable for those who purchase, establish, or participate in the investment of a Cyprus company. By investing €2 million to subscribe to the equity of this project, while also purchasing Cyprus real estate starting from €500,000 and donating €150,000, the whole family of three generations can apply for a Cyprus EU passport.
Holding a Cyprus EU passport not only allows visa-free travel to more than 150 countries and regions, but also provides 1=32!!! That is, holders of a Cyprus EU passport can freely move, work, and reside in 32 European countries in total, including the 28 EU member states (including the UK, Germany, Austria, Italy, France, Finland, etc.), 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein), and Switzerland, and enjoy the generous benefits of EU citizens in EU countries. Under certain conditions, they can also easily immigrate to multiple European countries!
Are you tempted by such a high-value Cyprus EU passport? Action is better than excitement. At present, the overall tightening trend of the Cyprus EU passport continues. Higher thresholds and stricter supervision will increase the difficulty of application to a certain extent, and no one can predict the future policy direction. Therefore, investors who are interested in investing and immigrating to Cyprus should seize the time and apply early to benefit early.
Immigration is a long-term matter, and choosing a formal and professional immigration agency is very important. Worldway Group, one of the top 500 Asian brands, was one of the first to introduce the Cyprus permanent residence and citizenship by investment program to China in 2011, starting a wonderful journey of European investment immigration. In 2014, the "Paphos Night" event in Beijing and Shanghai was an investment and cultural exchange event themed around a European city in China. Choosing Worldway Group, which is professional and has good government relations, makes the road to immigration easier! Consultation hotline: 400-138-2929.
