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Cyprus passport applications have soared, and the quota of 700 degrees is about to run out!
Recently, Cyprus passport sales are strong, the number of applications has increased dramatically, and the quota of 700 families per year is about to run out!
Last year, under pressure from the European Union, the Cyprus government reduced the quota for passport immigration projects to 700 per year.
Not only that, but this year the investment threshold for trick projects has been raised, and the new policy will take effect on May 15. Many applicants want to seize the last chance to apply for Cyprus passport projects before the new policy of immigration with higher prices is about to be implementeD.The rush of deliveries may lead to the early reaching of the annual quota of 700.
The number of applications for Cyprus passport projects rose in the fourth quarter of 2018, when property purchases valued at 1 million or more increased by 27% over the same quarter of 2017. In 2018, more than 1/3 of the 730 transactions exceeding 1 million euros occurred in the fourth quarter.
This trend was also true in the first few months of 2019, as the new Cyprus passport policy significantly increased the application threshold.
In recent years, more and more Chinese investors have chosen to develop in Cyprus.
On the one hand, the island country has a beautiful environment and is suitable for living.
On the other hand, Cyprus citizenship allows Chinese investors to walk freely in Europe and seize investment opportunities in time.
Most of the Chinese investors'entry into Cyprus is achieved through investment naturalization plans.
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