Uglobal Immigration Magazine Volume 1, Issue 1 | Page 16

15 CYPRUS VISA PROGRAM | 塞浦路斯签证项目 As a leading European country to instigate a citizenship through investment program in 2011, Cyprus has displayed how the government and innovative private sector businesses are able to work together. Education concerning exactly how valuable these HNWIs are to the Cyprus economy is likely to prove crucial in allaying public fears concerning their effects on local employment and business. The reality is, of course, that such individuals are contributing to the island’s economy, not taking from it. With the minimum investment amount of 2 million euros in real estate, about 5 billion euros have been invested in the island’s CBI programs, statistics say. BENEFITS OF INVESTING IN CYPRUS Thanks to Cyprus’ highly successful citizenship through investment program, the precious commodity of dual citizenship can now also be extended to more than just the privileged few. As an EU member state, a Cypriot passport opens up the gateway to Europe for investors. With access to 157 countries around the world, the island’s tried-and-tested scheme is the perfect choice for those looking to extend their business boundaries. Cyprus offers those who choose to live there an enhanced lifestyle that is the envy of many developing countries. The mild climate and long-life expectancy are well recognized around the globe, which explains why it achieves such a favorable score on the human development index. The southeast coastal region of Famagusta is currently one of the areas at the forefront of a potential growth spurt that looks set to jump start the next up-and-coming luxury real estate hot spot. This is already attracting a growing number of HNWI purchasers who see Cyprus as an ideal location to live and to carry on business within Europe. Thanks to the rapid and consolidating recovery of the Cyprus economy and an increasing global confidence by foreign investors, there has probably never been a better time to invest in Cyprus than right now. Luxury and quality service are the mantras of those at the forefront of this new age of prosperity and economic growth. The experts predict that those who are shrewd enough to invest now are likely to reap the maximum returns on the investments that they make.