Recently, the government of Cyprus has planned to introduce three favorable policies for clients who were unable to travel to Cyprus during the COVID-19 pandemic:
1. When submitting an immigration application, the Schengen visa can be submitted at a later date;
2. The validity period of the certificate of no criminal record is extended from 3 months to 6 months;
3. When submitting an immigration application, the double-certified documents can be submitted at a later date.
This is undoubtedly major good news for investors. As a group that has focused on investment immigration for over 20 years and is ranked among the Top 500 Asian Brands, WorldWay Group will continue to monitor the latest developments regarding the favorable policies proposed by Cyprus and will share any new information with you as soon as it becomes available.
Currently, Cyprus is gradually lifting its lockdown as planned, which means that the real estate investment and tourism/homestay industries in Cyprus will gradually recover to pre-pandemic levels, and the economy is about to restart. For investors, now is an excellent time to invest in Cyprus.
Previously, the government of Cyprus planned to accelerate the processing of backlogged immigration applications; the government will speed up the approval of immigration applications, with the prospect of obtaining EU status within 6 months and initiating zero-entry applications; at the same time, it may cancel the 700-person quota limit for immigration applications in 2020; and relax restrictions on political figures applying for Cyprus immigration, among other measures.
Meanwhile, it is highly likely that the Brexit transition period will be extended until the end of 2022. For those who wish to move to the UK, obtaining an EU citizenship quickly before the end of the transition period is an ideal springboard for moving to the UK via a roundabout route. Applicants interested in moving to the UK via a Cyprus EU passport should seize the time to process their applications.
Cyprus Investment Citizenship Methods
1. Purchase at least 2 million euros worth of real estate in Cyprus (whether one or multiple properties) and donate 150,000 euros; three generations of the family can apply for a Cyprus passport;
2. Apply for Cyprus immigration by purchasing, establishing, or participating in the investment of a Cyprus enterprise, investing 2 million euros to subscribe for equity in the project (such as the Limassol Golf Resort project introduced by WorldWay), while purchasing at least 500,000 euros worth of real estate in Cyprus and donating 150,000 euros; three generations of the family can apply for a Cyprus passport.
WorldWay Group, a Top 500 Asian Brand, has maintained a good relationship with the government of Cyprus for many years. In 2011, it was one of 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, the "Paphos Night" events in Beijing and Shanghai were the first investment and cultural exchange events in China themed around a European city.
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