
Land developers and service sector professionals in Cyprus have confirmed they continue to hear reports that Greece’s new government is planning to develop and launch a citizenship by investment program that is very similar to Cyprus’s program.
The Cyprus investment program is designed to provide citizenship and passport to High Net Worth Individuals. It requires a large investment in the real estate sector in order for the investor to obtain the EU country’s passport.
Land developers and service sector professionals in Cyprus have confirmed they continue to hear reports that Greece’s new government is planning to develop and launch a citizenship by investment program that is very similar to Cyprus’s program.
China has become an economic titan and dominated the world’s economy in the last 20 years. It’s outperformed any western power and industry on the planet by driving consumer prices down and pushing public expectation to new heights.
The Republic of Cyprus has seen its ups and downs from an economic standpoint. Specifically, after the recession of 2008, Cyprus picked up the broken economy and with the help of various programs like the Cyprus Citizenship Program in conjunction with real estate developers. It’s clear that the construction and development industry is still in revival mode and is recovering from the recession years but it’s driven by the Citizenship program. The industry may be dependent on the program which focuses on issuing passports and citizenship to high-value overseas investors and new properties around Cyprus. Developers see a bright future for Cyprus as large projects will be developed in the near future and other big projects will be announced.