On August 12, 2012, the Cyprus Real Estate Investment Immigration Seminar was successfully held at the Worldway Group Beijing office, attended by investors from various domestic industries.
At the beginning of the event, the Worldway Group Operations Director shared the latest news just received: at 5:00 PM Beijing time on August 11, the incumbent President of Cyprus, Demetris Christofias, met with Dr. Winner Xing, President of Worldway Group, for a cordial discussion. President Demetris Christofias expressed a warm welcome to Chinese citizens investing and immigrating to Cyprus, spoke highly of the positive role Worldway Group has played in facilitating Chinese investment in Cyprus, and commended the contributions Worldway Group has made to friendly non-governmental exchanges between China and Cyprus. This meeting represented the highest level of official courtesy received by a Chinese immigration agency from the Cypriot government since the country opened its immigration policy to China late last year.
This news greatly inspired the investment enthusiasm of the attendees. To provide clients with a more comprehensive and intuitive understanding of Cyprus, the Worldway Group Operations Director systematically explained the country's profile and immigration policies, followed by a screening of a documentary featuring Worldway Group’s inspection trip to Cyprus. Ms. Wang Qian, General Manager of Worldway Group Beijing, who had personally visited Cyprus, provided live commentary on the scenes captured in the video and shared her personal experiences from the trip.
Another highlight of the seminar was Worldway Group’s exclusive use of an international video link to Cyprus. Local renowned developers, prominent lawyers, Dr. Winner Xing (President of Worldway Group), and the Worldway Group Cyprus customer service team provided accurate and patient multi-perspective responses to questions from investors regarding education, insurance, healthcare, investment, property purchasing, and property taxes.
The seminar lasted for nearly three hours. Clients expressed great enthusiasm for the opportunity to obtain permanent residency by investing 300,000 Euros in property in Cyprus, and fully affirmed Worldway Group's initiative to establish a customer service center in Cyprus to provide comprehensive services and diverse property options. The venue was filled to capacity, and the interactive exchange with clients was very lively.
After the meeting, most guests engaged in in-depth one-on-one consultations with advisors and showed strong interest in purchasing. A significant number of investors signed service agreements on-site, all of whom enjoyed certain preferential policies.
The meeting between current Cypriot President Demetris Christofias and Worldway Group President Dr. Winner Xing follows previous meetings between Worldway Group executives and other high-level officials, including Andreas Ashiotis (Permanent Secretary of the Ministry of the Interior), Yiannakis Omirou (President of the House of Representatives), the Minister of Transport, and the Mayors of Paphos, Limassol, and Larnaca, marking the highest-level reception Worldway Group has received from the Cypriot government.
Prior to this, the President of the Cypriot House of Representatives, Yiannakis Omirou, attached great importance to the issue raised by Dr. Winner Xing regarding accelerating the approval process for Chinese citizens purchasing property in Cyprus for permanent residency. On July 26, the Cypriot Cabinet decided that applicants who have paid 80% of the property purchase price prior to submitting their immigration application and have deposited 50,000 Euros in a fixed deposit in a local Cypriot bank for at least 3 years, are exempt from review by the 4-member committee. This will expedite the approval process, shortening it from the previous 6-8 months to approximately 2 months for the issuance of Class F permanent residency permits for the entire family.
