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UGLOBAL.COM
Similarly, immigration companies are not licensed to
sell property, yet both find themselves having to work
together to fulfill the needs of the programs. Regulation
can only be a good thing. Since introducing the program
over five years ago, it has generated over 5 billion euros
into the Cyprus economy. It is fair to say that this was
one of the primary factors that saw the economy do a
180-degree turn in just 18 months.
It was a piece of genius on the part of the finance
minister to not only bring investment into the country,
but to create something that would generate jobs in
construction and the service sector and, consequently,
make Cyprus one of the fastest growing economy in
Europe. Other contributing factors driving investment and
people into Cyprus have been the oil and gas exploration,
shipping industry, a huge corporate and financial services
sector, and a massive 17 percent increase in tourism.
Permanent residency in 60 days, a Cyprus passport (with
full E.U. rights) in 90 days, and the offer of complete
security and freedom of movement are the primary
reasons why people are flooding to Cyprus. Indeed,
Europe as a continent is such an attractive proposition,
offering a wealth of opportunity and security for future
generations.
With the steps that the government is now taking to
protect the rights of the consumer, this means people
can invest their money safe with the knowledge that their
well-being and needs will always come first.
More governments should follow Cyprus’ lead.
PAULINE GALLAGHER
Pauline Gallagher is vice president
of private clients for the Domenica
Group based in Paphos, Cyprus.
Gallagher has an unreserved passion
for real estate. She is fascinated
and energized by the changing
dynamics of the global real estate
market. Gallagher’s work has taken
her to many diverse countries
and environments when required.
Domenica is a company that delivers
on its promises. It offers a wide range
of services, from residential and
commercial real estate to property
management and hotels. Domenica is
a second-generation family business
with a goal of happy customers.
Pauline Gallagher是位于塞浦路斯帕
福斯的Domenica Group公司私人客
户服务部副总裁。她对不断演变的全
球房地产市场抱有极大兴趣和热情,
曾到访多个国家和地区。Domenica
公司恪守承诺, 提供从住宅和商业
房地产到资产管理与酒店等广泛服
务。Domenica以客户的满意为营业
宗旨, 目前已经发展成为第二代家族
企业。