To celebrate being named one of the Top 500 Asian Brands, WorldWay has launched a 15-day limited-time promotional event: "3 Million Cash Gift to Thank Customers, 0 Yuan Trip to Cyprus for Property Inspection and Purchase." As the event enters its final stage, and in order to better answer questions from enthusiastic investors regarding Cyprus immigration policies, property conditions, and living environments, WorldWay once again partnered with the president unit of the Cyprus Land and Building Developers Association to host a large-scale EU-Cyprus Property Investment and Immigration Seminar at the China World Hotel on October 27. The event attracted hundreds of investors, with the turnout exceeding expectations and requiring additional seating to accommodate the enthusiasm of the clients.
To ensure investors gain a deeper understanding of Cyprus through this event, WorldWay President Dr. Winner Xing and Mr. Andros, representing the president unit of the Cyprus Land and Building Developers Association, attended in person to share their insights on overseas property investment with clients face-to-face. They also provided detailed answers and warm advice based on the specific circumstances of each immigration client.
Cyprus—The Investor's Second Home
As the largest developer in Cyprus and the president unit of the real estate association, the company possesses decades of property development experience, has a deep understanding of the Cyprus real estate market, and places particular importance on its own reputation. Mr. Andros began by greeting the clients in Chinese, stating that he was grateful to the WorldWay Group for providing such an opportunity to interact so closely with Chinese investors. Cyprus is a Mediterranean island nation known as an "offshore tax haven." Its convenient geographical location radiates across Europe, and the island's infrastructure is very well-developed, with travel across the entire territory taking only 1 hour and 30 minutes. In addition to numerous tourism activities such as diving, sailing, and golf, Cyprus has historically been an important destination for foreigners buying homes. Many people choose to live in Cyprus long-term, partly because it enjoys some of the best winter weather in Europe.
Mr. Andros provided a detailed explanation for the clients from three perspectives: vacation apartments, coastal properties, and hilltop properties. He promised that regardless of the price of the property purchased, investors would enjoy a better lifestyle and exceptional value. Furthermore, Mr. Andros specifically mentioned that Chinese is becoming an increasingly important language in Cyprus. He noted that China and Cyprus are very similar in terms of traditional culture, both possessing thousands of years of history, culture, and historical sites. Moreover, Cypriots place great importance on family values, and he believes that investors will feel right at home in Cyprus.
Application Rejections—Warm Advice from the WorldWay President
Addressing recent cases of Chinese investor rejections, WorldWay President Dr. Winner Xing gave a special presentation analyzing these cases, providing an in-depth look at the risks that need to be noted and avoided when investing in property in Cyprus. WorldWay President Dr. Winner Xing pointed out that the main reasons for the rejection of a large number of Chinese investor applications are as follows:
First, some irregular developers sell properties to Chinese investors at inflated prices, which leads to the price discrepancy being discovered by officials when the sales contract is registered at the Land Registry Office.
Second, the developer's land is mortgaged to a bank, but the bank has not released the mortgage, meaning the client cannot transfer the title to their name, thus failing to meet immigration regulation requirements.
Third, if a client purchases an off-plan property without a planning permit, the Cyprus government does not recognize it, and the Land Registry Office will not register it.
Enthusiastic Q&A—A Relaxed and Pleasant Atmosphere
Following the presentation, the interactive Q&A session began. The clients remained enthusiastic, asking WorldWay President Dr. Winner Xing and Mr. Andros, representative of the Cyprus Land and Building Developers Association, questions about children's education, property maintenance costs, and how to obtain citizenship. The atmosphere was exceptionally lively. The entire seminar lasted over 3 hours, and the attendees showed great enthusiasm and confidence in Cyprus.
After the meeting, many clients signed contracts on-site, stating that the WorldWay Cyprus seminar was not only rich in information and accurate, but also highly professional and practical. They praised the high-end and sincere service, noting that it truly benefited them, allowing them and their families to feel at ease during the process of buying a home and immigrating to Cyprus, while also enjoying professional and high-value services at an affordable price.
To ensure investors do not miss the best timing for property investment and immigration in Cyprus, WorldWay kindly reminds investors that the current policy of waiving property transfer fees in Cyprus expires at the end of this year. The president of the Cyprus Land and Building Developers Association also indicated that there are few ready-to-move-in properties available at the 300,000 Euro price point, and property prices are set to rise next year. The limited-time promotional event currently being held by WorldWay, "3 Million Cash Gift to Thank Customers, 0 Yuan Trip to Cyprus for Property Inspection and Purchase," is also coming to an end. WorldWay sincerely hopes that interested investors will begin applying for short-term visas to Cyprus and processing their property purchase procedures before mid-November to avoid missing the best opportunity to buy.
