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CITIZENSHIP-MAGAZINE.Pdf GIOVANI GROUP: MAKING STEADY PROGRESS IN A POSITIVE DIRECTION YEAR 2017/Volume #2 YOURYOUR ACCESSACCESS TOTO EUROPEEUROPE Cyprus provides a complete value proposition! THETHE RIGHTRIGHT TIMETIME TOTO INVESTINVEST ININ CYPRUSCYPRUS A plethora of opportunities for investors. THE ISLAND OF CYPRUS I BECOMING A EUROPEAN CITIZEN I WEALTHY GLOBAL FAMILIES LUXURY VILLAS WITH POOL IN PROTARAS the perfect holiday villas for the rental market LUXURY VILLAS WITH POOL IN PROTARAS the perfect holiday villas for the rental market WELCOME TO CYPRUS SUN CITY HOTEL The small yet dynamic Mediterranean is- The foundation stone for the Sun City land of Cyprus, famous for the warmth and project was placed at the beginning of 08 hospitality of its people, continues to be an 56 this year during a glamourous ceremony attractive location to live, work and invest. YEAR 2017/Volume #2 06 FROM THE EDITOR Welcome note from the editor Mr Antonis Antoniou. 34 A NEW LIFE! Give yourself and your family the freedom to live, work and travel anywhere in the EU! 36 FREE TRAVEL A Cypriot citizen can freely travel, reside and work within any of YOUR GATEWAY TO EUROPE! the 28 European Union countries. Furthermore, Cypriot citizens Cyprus is a modern country that enjoys a are entitled to travel to a total of 169 countries without visas, or strategic geographical position and pro- with passports stamped on arrival. 12 vides unrivalled access and travel oppor- tunities. 38 AN EXPERT'S INSIGHT ON CITIZENSHIP BY INVESTMENT (CBI) Natasa Kirgia has lengthy experience in providing advice on both investments and dual citizenship. 40 WEALTHY GLOBAL FAMILIES A family’s fundamental hope is to be able to enjoy the status of ‘global citizen’, enjoying all the world has to offer. 42 30 YEARS OF HISTORY Today Giovanni Group has a legacy to their name for reliability and solvency for over 30 years. (places land development for the district in a new era!) 48 MAKING STEADY PROGRESS Jimchang Giovani is one of the few construction and real estate YOUR ACCESS companies of Cyprus’ south east coast that has managed to de- TO EUROPE! rive a number of great developments from the recent financial Step by step on how to crisis. 19 become a European Citizen in just 90 days! Editor's note The surge of the high net YEAR 2017/Volume #2 worth individuals (HNWI) Dual citizenship is a precious commodity no longer reserved for the few. With the need for global access increasing, the power of the pass- port is stronger than ever. With good healthcare and education, low tax, and unrestricted EU access, Cyprus is becoming an ever popular destination for the HNWI looking for good returns and unhindered entry to destinations across the World. Boasting a developed, high-income economy with a long life expectancy and good education, Cyprus has a very high human development index. Being a member of the commonwealth for over fifty years, and joining the European Union in 2004, citizen- ship on the island has become an attractive advan- tage offering a visa-free travel gateway to 158 coun- tries around the world. The EU referendum and the Cypriot citizenship-by-investment program Bhave led to an influx of foreign investors stepping onto the island with an appetite for property. Since the Cypriot government announced the scheme for naturalization of non-Cypriot investors by exception in 2011, new resi- dential developments on the island have quadrupled. Demand for luxury has grown and as a nation Cyprus has become better equipped to embrace the HNWI with the arrival of private jets into Larna- ka Airport and a plethora of five star hotels across the island. Cypriot property developers have forged new alliances with overseas inves- tors and the residential development model has transitioned dramatically - Antonis Antoniou - from the family-owned companies of yesteryear into well respected brands with strict corporate governance. This progression has instilled confidence editor in the HNWI looking to Cyprus to invest their wealth, making it easier for non-Cypriot nationals to invest big in the island - ensuring their demands for quality, service and luxury are realised and their investment is secure. To many, Cyprus is a paradise on earth; a hidden gem in the Mediterranean which can serve as a base for businesses, private and public investors, and a EDITOR safe haven for families. With much undeveloped land, the long-term future Antonis Antoniou of Cyprus looks positive. With foreign investors comes racial diversity - one PUBLISH of the most defining and impactful characteristics of the millennial genera- Giovani Group tion. With an increased population, a more diverse socio-economic culture PRINTING and further racial integration, Cyprus is sure to continue to attract inward Cassoulides Masterprinters wealth, bringing with it prosperity and cultural change. DESIGN STUDIO Intelligence Media COPYRIGHTS The edition is distributed from Giovani Group. Cypriot property developers have forged new al- The republication, reproduction or audio - visual liances with overseas investors and the residential de- transmission of the whole or part of the edition velopment model has transitioned dramatically from the is strictly prohibited without the prior written family-owned companies of yesteryear into well respect- permission of the editor. ed brands with strict corporate governance. OFFICES 436, Protaras Cavo Greco Ave 5314 Paralimni, Cyprus Tel: +357 23 833780 [email protected] www.giovani.com.cy 7 Ιntro Welcome to Cyprus! The small yet dynamic Mediterranean island of Cyprus, famous for the warmth and hospitality of its people, continues to be an attractive location to live, work and invest. The island’s sophisticated and sun kissed lifestyle coupled with its exception- al business infrastructure has proven a winning combination. Located in the Eastern Mediterranean at the crossroads of Europe, the Middle East and Africa, Cyprus’ strategic position has played a key role in shaping its history and in develop- ing the island into a centre for trade and in- ternational business. Despite being a country W of only 865,900 people, the Republic of Cyprus has steadily built itself into a thriving business centre and has much to offer in these terms. The EU-compliant domicile has a well-educated workforce, a low-cost business environment with a wealth of support services, a sophisticated ICT infrastructure and an investor-friendly tax regime – backed up by an extensive network of double taxation agreements with around 60 countries. Not only is Cyprus a developed business centre, but also one of Europe’s favourite holiday destinations, offering a perfect balance between business and pleasure. The island enjoys around 340 days of glorious sunshine a year and a coastline teeming with endless stretches of golden sands, seclud- ed bays and rocky coves, all surrounded by the crystal waters of the Mediterranean Sea. The landscape is dotted with the fascinating remains of history, from Neolithic settlements and ancient city-king- doms to exquisite Byzantine art and magnificent Venetian architecture. English is almost universally spoken and written and is the language Tourism has been a key driving force of the Cypriot economy for decades, and 2016 saw record-breaking numbers of tourist arrivals. 8 of international business. German, French and Russian speakers are also easily found, thanks to the high number of Cypriots with international degrees, the country’s com- mercial ties with the global business community, and the island’s popularity as a tourist destination. Cyprus has a dynamic and flexible economy that has time and time again proven its capacity to adjust to con- tinuously changing condi- tions. Before its independence from the UK in 1960, the Cy- prus economy was primarily based on agriculture and the export of minerals. However, in the last few decades the country has established itself as a serious business and service centre for shipping, financial services and com- merce, and is classified by the World Bank as a high-income country. Tourism has been a key driv- ing force of the Cypriot econo- my for decades, and 2015 saw record-breaking numbers of tourist arrivals. New projects are currently underway to boost the tourism sector and encourage year-round visitors, ranging from the construction of brand new golf courses, marina developments and the upgrading of the island’s wellness and medical tourism product. In addition, the coun- try has successfully attracted a number of new carriers to the island, making it even easier and cost effective for visitors to reach Cyprus. A new and exciting prospect is the development of a luxury casino resort , the first of its kind, which has been put out to tender and attracted investors worldwide. The inte- grated resort is set to exceed five-star status, opening a whole new market for niche 9 Ιntro tourism on the island. into the country. Most capital, predominantly coming from Greece, Russia, the US and UK, has been invested in the real Apart from the sun and the sea, Cyprus has few natural estate, banking and wholesale trade sectors, but the eco- resources and has been dependent on oil imports to satisfy nomic crisis has opened new opportunities. With large scale its energy demands. However, the world-class discovery of developments, major infrastructure projects in the pipeline, natural gas and potential oil deposits in Cyprus’ Exclusive new privatisation plans, and with a restructured banking Economic Zone (EEZ) in the Mediterranean Sea is expected sector, many international investors are recognising inter- to change all this. Appraisal drillings in block 12 by US esting opportunities on the island. Company Noble Energy confirmed natural gas reserves of 4.54 trillion cubic feet (tcf) – enough to meet Cyprus’ Cyprus has all the right elements firmly in place, to main- domestic gas demand for over 100 years – and has attracted tain its reputation as an international centre of business international energy heavyweights, such as Total and Eni, excellence in one of Europe’s most interesting investment to explore the island’s waters for new discoveries.
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