Economy of Cyprus

 

Citizenship investments program in Cyprus

offers also good profit

 

Big chance for growth

 

Cyprus is a country with a small and open economy based on services. Services are also the fastest growing sector, producing 80.5% of the country’s GDP. Industry contributes 17.1% of the GDP, and the share of agriculture and fisheries is systematically decreasing, providing only 2.4% of the GDP of Cyprus. * As recently as the 60s and early 70s, the Cypriot economy was dominated by exports of raw materials and agricultural products, and in the subsequent decade, industrial products. The 80s brought a dynamic growth of tourism and services. The economic landscape of Cyprus is strongly dominated by small and medium-sized, often family-owned, companies.

After it joined the European Union in 2004, Cyprus has undergone a process of great economic and structural reforms, particularly in competition, financial and industrial sectors, which have transformed the country. Interest rates and prices have been freed and investment restrictions lifted. Completely revised and liberalized were the rules of foreign direct investment. Cyprus has become economically open, and its geographic location is conducive to the development of exports and imports, whose share in the GDP accounts for over 90%. The biggest partners are Greece and the United Kingdom.

The opening of Cyprus resulted in a gigantic inflow of financial investments and a dynamic growth of the banking sector, the size of which became a threat to the stability of the Cypriot economy. The result was a very severe crisis, threatening the collapse of the banking sector and, consequently, of the entire economy. The government imposed a special tax on bank deposits, which helped avoid the disaster. At the same time, the great European financial institutions ("Troika") have agreed on a programme to support the island's economy and deep reforms. In 2015, the GDP decline stopped and a small growth was reported; in 2016, the trend is to continue. Also on the real estate market, after the big drop in activity and prices in recent years, a revival has been witnessed.

It seems that the Cypriot economy is facing excellent prospects associated with the planned unification of the north and south of Cyprus, which will eliminate many investment risks and greatly stimulate growth. Above all, however, a huge opportunity for Cyprus is the discovery of large gas deposits in the Levantine Sea. The Cypriot gas, together with Turkish and Israeli gas, will be Europe’s important source of diversification and an instrument of independence from Russia. Thus, the small Cyprus has an opportunity to build a very wealthy country which, thanks to its geographical position, would be an extremely attractive financial, investment, transit and political hub for the East and the West. Those are the ambitions of the Cypriot government. * 2011 data.

 

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Our specialists are at your service. We can inform you, without any obligations on your part, about all the aspects of investment, current laws and the administration process to obtain

Cypriot Passport investment

or Residency Permit. We will be pleased to help you.

 

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Our company is always open to new collaborations with potential estate agents, brokers, and individuals that would be interested in promoting our offers, and benefit from our collaboration. All you need to do is complete the online enquiry form or call. A member of our team will then contact you.

 

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Cyprus Citizenship by investment

 

We can assist you

 

 

"Golden Gate” supported by Athman Investments was created to address your needs,

to help you take a step toward a safer future, future of your children.

 

We would like to support you also for personal reasons and with full confidence.

We have already made that step ouselfs.

We would like to help you choose the luxury property which meets

your expectations and assist you in the process of getting

passport by investment in Cyprus

or Residency until you and your family obtain

Cyprus EU second citizenship

or Cypriot residency permit.

 

We can assure you of the highest level of our services. We are independent advisors,

which means that we do not represent a development company

– we represent the client. Therefore, we can offer the best, carefully chosen properties

from different developers.

 

 

 

 

Cypriot EU second passport

in just 3 month

 

Investors and their families can get, under the law adopted on 19 March 2014, second passport by

Cyprus Citizenship Investment Program

 

The fast application process saves a lot of time for investors and their families, who can now get

Cypriot passport by investment in just 3 months.

The process is simple and straightforward. Cyprus is one of the few EU countries offering

citizenship by investment in Cyprus

directly, without residency requirements. In other countries, applicants must first

obtain a residency permit

and, after a period of five to ten years, may file a new

application for Cyprus citizenship by Investment.

 

The Cypriot system has transparent procedures based on economic criteria

and the requirement of a clean criminal record.

 

 

 

 

Good profit from investment in Cyprus

on property market

 

Today, after six years of falling house prices, the Cypriot housing market

reached the bottom. Since the beginning of the crisis, prices have dropped 25% to 37%.

 

We think that most of the conditions for secure and good investment in Cypriot properties are met.

Golden Gate will be honoured to support you on your way

toward owning a new house and obtaining Cypriot passport or residency permit.