The Brexit deadline of October 31, 2019, is fast approaching, and the conclusion of this nearly three-year-long "divorce" remains uncertain. Recently, Brexit has taken another turn; on the 2nd of this month, the European Union rejected the new Brexit proposal put forth by British Prime Minister Boris Johnson, and on October 5, the EU suspended the Brexit negotiations that were scheduled for October 6. Johnson responded on October 7, stating that the UK had already proposed a plan. The back-and-forth between the UK and the EU has increased the risk of a "no-deal Brexit."
As a result of Brexit, British citizens are increasingly immigrating to other EU countries, such as Cyprus, to seek to retain their EU citizenship and its benefits. According to Greek media reports, the number of British applicants for Cypriot EU passports has been steadily increasing in recent months. Following the appointment of the new British Prime Minister Boris Johnson, the number of British citizens applying for Cypriot EU passports has further increased.
Cyprus, as one of the few EU member states with an open investment citizenship program, offers a passport that is highly sought after not only by many British citizens but also by numerous high-net-worth individuals. Through the Cyprus Investment Citizenship Program, applicants can purchase real estate in Cyprus starting from €2 million (whether one property or multiple properties) and make a donation of €150,000, allowing three generations of the family to apply for a Cypriot EU passport.
In addition to applying for citizenship through property purchase, investors can also apply for immigration to Cyprus by purchasing, establishing, or participating in Cypriot enterprises. For example, the Limassol Golf Resort project introduced by WorldWay Immigration is a share buyback immigration project suitable for those who invest in Cypriot enterprises. By investing €2 million to subscribe to shares in this project, while also purchasing real estate in Cyprus starting from €500,000 and making a donation of €150,000, the entire family can apply for a Cypriot EU passport.
Advantages of the Cypriot EU Passport
1. One investment allows three generations of the family to apply for an EU passport, which grants visa-free access to over 150 countries and regions worldwide;
2. 1=32, holders of the Cypriot EU passport can freely reside, work, and study in 32 European countries (including the UK, Germany, Italy, France, and 28 other EU countries, as well as Switzerland, Norway, Iceland, and Liechtenstein) and enjoy the same benefits as EU citizens in EU countries;
3. Permanent ownership, real estate can be inherited;
4. British education system, children can enjoy quality education;
5. Favorable tax system.
With the increasing popularity of the Cypriot EU passport and the growing number of applicants, the Cypriot government has raised the application thresholds multiple times since last year, not only limiting the number of applications but also increasing the donation costs. It is uncertain whether future policies will tighten further, so investors interested in immigrating to Cyprus should cherish the opportunity.
Currently, WorldWay Immigration is holding a major discount event for immigration projects in 18 countries throughout October! During this event, there are many discounts and surprises, and we welcome both new and old clients to actively participate and seize the opportunity! For more details, please consult: 400-138-2929.
