The Mediterranean nation of Cyprus, with its beautiful natural scenery and advantageous geographical location, serves as a vital transportation hub connecting the Middle East, Europe, and Africa. With numerous investment opportunities, it has attracted a large number of investors. According to data from the Cyprus Land Registry, in January 2020, a total of 325 sales documents were submitted to the Land Registry by foreigners. Of these, 221 were submitted by third-country nationals from outside the European Union, which is more than double the 104 submitted by citizens of EU member states.
Data shows that Paphos remains a preferred destination for property buyers, with a total of 113 property sales documents submitted by foreigners, followed by Limassol and Larnaca.
Investment Advantages of Cyprus
The "Dubai + Las Vegas" of Europe
Oil transformed Dubai from a small fishing village into a world-renowned wealthy nation; similarly, Norway's natural gas extraction boosted its GDP by 300% in just 10 years, demonstrating the infinite potential and transformation energy can bring to a country.
Since 2011, Cyprus has discovered natural gas reserves exceeding 60 trillion cubic feet, enough to meet 40% of Europe's natural gas supply and provide for Europe for over a century.
Melco Group, a world-renowned gaming giant, has already begun construction on a large-scale casino resort in Cyprus, which will attract more international tourists to the country and boost the local tourism industry!
Tax Advantages
Cyprus is one of the low-tax countries, with no property tax or inheritance tax, and a corporate income tax rate of only 12.5%. Individuals who meet the "60-day rule"—meaning they do not reside in any single country for more than 183 days and spend at least 60 days in Cyprus—become tax residents of Cyprus. Furthermore, Cyprus has signed double taxation avoidance agreements with many countries and regions around the world (including China), which is highly beneficial for tax planning.
Extensive Visa-Free Travel
The Cyprus passport has long been known in the immigration industry as the "Hermès of passports," primarily due to its immense value. The Cyprus passport is a combination of Commonwealth and EU citizenship, and it is highly likely to become a Schengen member in the future, offering significant value and appreciation potential. In addition, the Cyprus passport offers visa-free access to over 160 countries and regions worldwide. It also provides a "1=31" benefit: holders can freely relocate, work, reside, and study in any of the 31 European countries, including all 27 EU member states (such as Germany, Austria, Italy, France, Finland, etc.), the 3 European Economic Area countries (Norway, Iceland, Liechtenstein), and Switzerland, while enjoying the generous benefits afforded to EU citizens.
The superior tax system of Cyprus, combined with its status as a member of the EU, the Commonwealth, and the Eurozone, gives the Cyprus passport a "magical" appeal, attracting investors from all over the world to purchase property in Cyprus. Currently, through the Cyprus Investment Programme, investors can purchase property starting from 2 million euros (whether one or multiple properties) and make a donation of 150,000 euros to apply for a Cyprus passport for three generations of their family.
Amid the current novel coronavirus pandemic, health planning cannot be delayed! In this 2020 year of health planning, prioritize your health and secure your status. By choosing the Cyprus passport program, you gain status, travel convenience, property, and tax benefits for global asset allocation—all in one go. What are you waiting for?
As one of the Top 500 Asian Brands, WorldWay Group has maintained a positive relationship with the Cypriot government for many years. In 2011, we were among the first to introduce the Cyprus Permanent Residency and Citizenship by Investment programs to China, launching a wonderful journey of European investment immigration. In 2014, our "Paphos Night" events in Beijing and Shanghai were the first investment and cultural exchange events in China themed around a European city. Choose WorldWay for your Cyprus passport application to make your immigration journey easier.
WorldWay Group Warm Reminder: Recently, during this special period of novel coronavirus epidemic prevention and control, while ensuring the safety of our clients and staff, WorldWay fully resumed operations on February 10th, utilizing a combination of online and offline office modes! At the same time, to provide a safe meeting environment for our clients and protect their health, WorldWay has been diligent in its epidemic prevention efforts! We have prepared epidemic prevention tools such as masks, disinfectant, alcohol hand sanitizer, infrared thermometers, and UV/infrared disinfection lamps. We strive to create a comprehensive, safe, and hygienic reception environment to give our clients peace of mind.
Currently, WorldWay has fully launched online office modes, including online consultation, online document submission, and online customer service! In the face of the epidemic, we isolate the virus, not our service! During this period, WorldWay's online services will continue without interruption. If you have any needs, you can choose online consultation or contact us by phone at any time, and we will handle your requests promptly. WorldWay Consultation Hotline: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
