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THE ICON: THE JOY OF HIGH-RISE LIVING

By | 新闻

54 immaculately designed residences are delivered fully finished with inspired interiors and outdoor living spaces designed by Imperio’s award-winning team.

All of these unique residences were designed to gracefully frame views of the city of Limassol, the coastline and the sky offering an effortless sense of ease and relaxation.

Invest Cyprus: S&P Raises Cyprus to Investment Grade

By | 新闻

Cypriot Finance Minister Harris Georgiades discusses the upgrade of the country’s credit rating, the banking sector, Russian investment in Cyprus, their ties with Turkey and trade relations with the U.K. He speaks exclusively on “Bloomberg Markets: European Open.” (Source: Bloomberg)

Full video available here

As Mr Georgiades twitted earlier, “Telling the story of a successful recovery, 4% growth, 3% budget surplus, & offering a commitment that fiscal discipline & promotion of reform agenda will be maintained. Aim is to broaden productive base of economy, fully heal banking sector & enhance competitiveness.”

The Cyprus Investment Promotion Agency (Invest Cyprus), presented the investment opportunities that Cyprus can offer in view of Brexit, in an event that took place in London, on the future of Europe and Cyprus. The event, which was co-organised by the Agency and Bloomberg, took place on Friday, 21st September at the new headquarters of the international news agency, under the auspices of the President of the Republic, Nicos Anastasiades.

In the framework of the event, panel discussions divided into three thematic areas were organised. Crucial actors of the Cyprus financial scene took part in the discussions, including Minister of Finance, Harris Georgiades and Minister of Energy, Commerce, Industry and Tourism George Lakkotrypis. Participants included also President of the Cyprus Securities and Exchange Commission, Demetra Kalogerou, Managing Director of the Central Bank, Constantinos Herodotou, CEO of Bank of Cyprus John Hourican, CEO of Hellenic Bank Ioannis Matsis, CEO of Deloitte Cyprus Christis Christoforou, Executive Director of PwC Kyriacos Kokkinos, Managing Director of KPMG Demetris Vakis, shareholder of EY Cyprus Stelios Demetriou, Director of City of Dreams Mediterranean and Melco Resorts & Entertainment, Andy Choy and president of Columbia Shipmanagement LTD, Mark O’Neil.

New York Times: Standard & Poor’s lifts Cyprus into investment grade

By | 新闻

Standard & Poor’s lifts Cyprus into investment grade

NICOSIA, Cyprus — Standard & Poor’s has raised Cyprus’ credit grade by a notch to BBB-, lifting the country back into investment grade after near-bankruptcy five years ago.

The international rating agency pointed Friday to Cyprus government efforts that have slashed the banking sector’s bad loans from around half of all loans to one-third.

It cited moves to carve out bad loans from state-owned Cyprus Co-Operative Bank that were subsequently sold to Cyprus-based Hellenic Bank, the sale of bad assets by top lender Bank of Cyprus and new legislation helping banks to further reduce such loans.

The agency said strong growth of around 3 percent of gross domestic product over the next three years will help drive down public debt. But it added that high public and private indebtedness remain a ratings constraint.

Source: The New York Times

Cyprus Investment Scheme Improved

By | Latest Posts, 新闻

The Council of Ministers decided on Monday to limit the number of naturalisations of investors to 700 a year, starting this year.

The citizenship-by-investment scheme will also be renamed the “Cypriot Investment Scheme”, the Press and Information Office (PIO) said in an announcement after the House of Representatives meeting.

Every application will also be subject to an enhanced due diligence, the PIO said, after the House of Representatives meeting.

Applicants, who will foot the bill for the enhanced due diligence process, will have to wait up to six months for their applications to be examined.

“A code of conduct has been adopted with clear provisions to avoid exaggerations and abusive practices,” it said. While investors have to remain owners of their investment for a minimum three-year period, in the case of buyers of real estate, the period now begins with the issue of a town planning permit.

The government’s golden visa scheme introduced in the current form in 2014 and amended on a number of occasions thereafter, allows investors to receive Cypriot citizenship for an investment of as little as €2m.

In 2017, the government issued 503 passports to an equal number of investors and 510 additional passports to members of their respective families, compared to 443 and 461 in 2016, 337 and 342 in 2015, and 214 and 186 in 2014.

In March, the European Commission said that it would investigate golden visa schemes of Member States and prepare a report amid complaints that such schemes were vulnerable to abuse, undermined the fight against corruption and increased the risk of money laundering.

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The Icon: 享受愉悦生活

By | 新闻

54席尊享住宅拥有卓越不凡的室内外生活空间,这一系列匠心设计均出自因佩里奥(Imperio)的获奖团队。

所有住宅的设计都以捕获定格最美妙的利马索尔城市美景和海天一色为核心思想,以最大程度提供无拘无束的精神享受和向往。

Cyprus: One of the healthiest countries to live in

By | 新闻

The rankings for the 50 healthiest countries in the world have been revealed, with Cyprus being the 18th healthiest country in the world of the 163 countries analysed, meaning it is one of the top 20 healthiest countries to live in.

According to Igea Hub:

The Bloomberg Global Health Index is calculated taking into account variables such as life expectancy, causes of death, incidence of high blood pressure, high blood glucose, tobacco use, and physical inactivity. Other parameters taken into account are childhood malnutrition, mental health, vaccination coverage, greenhouse gas emissions.

Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.