Due to effective pandemic control measures, Cyprus began a gradual reopening as early as May 4. Recent news indicates that the Cyprus government has publicly stated it will cover the costs for tourists infected with COVID-19.
In this open letter, the Cyprus government announced that it will provide accommodation, food, beverages, and medical treatment for COVID-19 patients and their families. COVID-19 patients will only need to cover the costs of transportation to the airport and return flights.
Specific arrangements are as follows:
1. A hospital with 100 beds will be exclusively designated for foreign tourists who test positive for COVID-19;
2. 112 intensive care unit beds will be reserved for severe COVID-19 patients (equipped with 200 ventilators);
3. A hotel with 500 rooms will be exclusively available for the family members and other close contacts of patients.
It is evident that the Cyprus government is well-prepared to revive its vital tourism industry. With the gradual reopening of Cyprus, it is anticipated that the real estate, tourism, and hospitality sectors will experience a surge in investment.
Recently, the Cyprus Investment Citizenship Program has received significant positive developments. The Cyprus government plans to expedite the approval of backlogged immigration applications; additionally, the government will accelerate the processing speed of immigration applications, with the prospect of obtaining EU citizenship within six months, initiating zero-entry applications; it may also lift the 700-point limit on immigration applications set in 2020; and relax restrictions on political figures applying for Cyprus immigration.
Meanwhile, the transition period for Brexit is likely to be extended until the end of 2022. For those wishing to move to the United Kingdom, quickly obtaining EU citizenship before the transition period ends can serve as an excellent stepping stone for relocating to the UK. Applicants interested in using the Cyprus EU passport to move to the UK should act promptly.
Ways to Obtain Citizenship through Investment in Cyprus:
1. Purchase real estate in Cyprus starting from €2 million (whether one property or multiple properties) and donate €150,000, allowing three generations of the family to apply for Cyprus passports;
2. Apply for immigration to Cyprus through the purchase, establishment, or participation in investment in Cypriot enterprises, investing €2 million to acquire equity in the project (such as the Limassol Golf Resort project introduced by WorldWay Group), while also purchasing real estate in Cyprus starting from €500,000 and donating €150,000, allowing three generations of the family to apply for Cyprus passports.
WorldWay Group, a top 500 Asian brand, has maintained good interaction with the Cyprus government for many years. In 2011, it was one of the first to introduce the Cyprus Permanent Residency and Citizenship by Investment Program to China, initiating an exciting journey of investment immigration to Europe; in 2014, the "Paphos Night" events in Beijing and Shanghai were investment and cultural exchange activities themed around European cities.
2020 is the year of health planning! Health planning, identity first. For more details, please consult the hotline, Mainland China: 400-138-2929 Hong Kong, China: (852)2802 8798
This article is copyrighted by WorldWay Group. If you wish to reproduce, link, forward, or copy this article in any other way, please be sure to indicate that the copyright source of the article is WorldWay Group, and violators will be held legally responsible.
*The above information is for reference only and should not be used as an investment basis. Investment carries risks; please choose carefully.*