Times: The visa to Chinese inducement to purchase property in
From: SigmaLive / CNA Date: July 29, 2013 9:12
A + A-More than 1000 Chinese investors have made housing market in Cyprus over the last year, taking advantage of the exchange of visa that allows them to move in the EU, writes in an article in the British newspaper wedding accessories.
Said the visa has changed for wealthy in an attempt to encourage investment, pledging appraisal within two or three months.
Whoever buys home worth at least 300,000 euros can obtain "permits residents" in Cyprus, if he can prove that he has wedding accessories if filed 30,000 euros for a minimum period of three years at a local bank, adds the.
Terminates with the presentation of the element that more than 80% of Chinese immigrants gathered in wedding accessories, where last month the company China Glory National Investment based in Hong Kong pledged to invest 290 million euro in golf resort cost 1.5 billion. Already the company has opened offices in Nicosia concludes.