The Brexit deadline of October 31, 2019, is now imminent, and it remains unknown how this nearly three-year-long "breakup" drama of the century will conclude. Recently, Brexit has stirred up further unrest. After the EU rejected the new Brexit proposal submitted by British Prime Minister Boris Johnson on the 2nd of this month, the EU called a halt on October 5th to the Brexit negotiations originally scheduled for October 6th. On October 7th, Johnson responded by stating that the UK side had already put forward a proposal. This "passing the buck" between the UK and the EU has increased the risk of a "no-deal Brexit" once again.
Impacted by Brexit, British citizens are increasingly immigrating to other EU countries, such as Cyprus, to retain the status and benefits of EU citizenship. According to Greek media reports, the number of British citizens applying for Cyprus EU passports has been rising over the past few months. Since the inauguration of the new British Prime Minister, Boris Johnson, the volume of applications for Cyprus EU passports by British citizens has further increased.
As one of the few EU member states with an open investment-based citizenship program, the high value of a Cyprus passport is not only attractive to many British citizens but is also highly favored by high-net-worth individuals. Through the Cyprus Investment Program, applicants who purchase at least €2 million in real estate (whether one or multiple properties) and make a €150,000 donation can apply for Cyprus EU passports for three generations of their family.
In addition to applying for citizenship through real estate investment, investors may also apply for immigration to Cyprus by purchasing, establishing, or participating in the investment of a Cyprus company. For instance, the Limassol Golf Resort project introduced by Worldway Immigration is an equity buy-back immigration project suitable for those applying through the purchase, establishment, or investment in a Cyprus company. By investing €2 million to subscribe to the equity of this project, while also purchasing at least €500,000 in Cyprus real estate and making a €150,000 donation, the applicant and three generations of their family can apply for and obtain Cyprus EU passports.
Advantages of the Cyprus EU Passport
1. One person invests, and the entire family of three generations receives EU passports, with visa-free access to over 150 countries and regions worldwide;
2. 1=32: With a Cyprus EU passport, one can 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), and enjoy the same benefits as an EU citizen in EU countries;
3. Permanent property rights, with real estate that can be inherited;
4. British-style education system, allowing children to enjoy high-quality education;
5. Superior tax system.
With the surge in popularity of the Cyprus EU passport and the increasing number of applicants, the Cyprus government has repeatedly raised the threshold for applications since last year, not only limiting the quota but also increasing donation costs. No one can predict whether policies in the future will be tightened further. Therefore, investors who are interested in immigrating to Cyprus should act while they have the chance.
Worldway Immigration is currently running an October special promotion across all 18 immigration programs! During the event, there are many deals and surprises awaiting. We invite all new and existing clients to participate and seize the opportunity! For more details, please call: 400-138-2929.