T. & , F.

Transcription

1 INVESTING IN CYPRUS Idea Holiday & Home Finder Ltd. 2 Christodoulou Sozos Str., 3rd floor,eiffel Tower, P.O Box 21439, 1508 Nicosia, Cyprus T F info@ideahomefinder.com.cy

2 Permanent residence permit in 90 days for non-eu citizens by acquisition a house or houses in Cyprus of min value of (conditions apply). Cypriot Citizenship to Non- EU Citizens by Mixed investments and donation or direct investments or bonds or business activity in Cyprus, or combination of the above. Under new law September 2016, entities and Investor to secure Cyprus Citizenship (EU Passport) of Investment to 2mln-2.5mln.( for residence) There are no restrictions for acquisition of property by EU citizens. Cyprus has a dual taxation agreement with over 40 countries meaning that there is no taxation in the country of residence. Corporation tax of 12.5% on profits of a limited Cyprus company. Favourable taxation for pensioners and residents. Cyprus International Trusts. In 2013 Cyprus ranked as the fifth best relocation destination in the world 2013 Knight Frank Global Lifestyle Review. The report mentions that Cyprus has emerged as a key location for the development of high-end residential properties. Its offer as a location to wealthy purchasers is reinforced by its location, lifestyle and tax position is the year of economic revival and increase in tourism to over 3 ml. Quite a number of development and tax relaxations/ incentives, mainly for foreign investment have surely increased investment in property and business in Cyprus. Tax Incentives for Investments are many, few being: Exemption from capital gains tax on resale for acquisition of real estate. Full exemption from special defense contribution for acquisition of property. Transfer fees reductions 50%. All valid until 31/12/2016 Tax credit until December 2016, with a minimum of 20% on capital costs for all assets. More tax benefits for which we can provide information and advise. There are still many seriously good property purchase and investment, project opportunities available, but soon prices will be substantially increased mainly due to energy reassurance yield and oversee demand to invest in Cyprus. Very good energy findings on Aphrodite site No. 12, gave the chance to the Government for pre-sale long term arrangements creditability and income sources. The expected economic stability and growth of 2.7% in 2016 is becoming a reality and certainly to reach 5% in Cyprus has a simplified property purchase procedures. Cypriot law is based on English law and the legal costs and transfer fees are more than reasonable.

3 Property ownership is secured through the Land Registry, a Purchase Agreement and Title Deed. Even before title deed a certificate (provisional title) is secured by land Registry Office by submission of the purchase agreement. Speed up processes for gaining planning permission, building license etc. Cyprus strategic location at the crossroads of three continents with excellent transport infrastructure (two international airports, a large international port & cargo), excellent local road infrastructure. IDEA Holiday & Home Finder Ltd provides a comprehensive property and investment services. We are dedicated to providing clients with a complete end-to-end solution from initial property search for Cyprus property to project completion. Our services include: Investment appraisals Project feasibility studies Identifying investment opportunities in Cyprus Tax Solutions for investment

4 Expert advice in the location of investment opportunities covering commercial and residential property developments, new hotels, rental apartment projects, property refurbishments and land for development. Through our associating companies, P. Kalopetrides & Co. - Auditors & Business Advisers, Financial Consultants International (F.C.I.) Ltd - Fiduciary & Accounting, Microstorm Ltd IT & Management Info Systems, Mentor Consulting Ltd, Business & HR Consulting, with a large of other specialised consultants in Cyprus and worldwide, we provide a wide range of financial services and advise, covering all business fields and investment. Idea Holiday & Home Finder Ltd. Has had long experience in the organising and promotion of investments/ properties. Two of our current projects are lower down described on an outlined form for convenience INVESTMENT OPPORTUNITY Pioneer Club as the golden window case for other clubs to follow Project consists of: Existing: 14 Cottages (plans & licences, infrastructure of most of them and few under construction) the majority of which of 1-3 bed for sale, rent, lease and few 1 bed cottages and new proposed Annex (B1) 12 Cottages (2-1 bed.) and possibly Annex (C+D)for Cottages to be ran as Leisure (holiday) project for renting and/or leasing only as part of the Club House. Completed and in full operation overflow solar heated swimming pool with all amenities, kiosk, pergola and with stone surrounds and walls, infrastructure of restaurant/ taverna. Proposed future Annex: C+D 6 (2 bed) or 13 (1 bed) Cottages and fitness, spa, sports, health/ medical facilities could be developed on the annexed land to be added to AA Lifestyle Centre (Club), so as to be reverted to Leisure Enterprise as whole or in combination with real estate for sale or lease. * Services: Management, rental & maintenance facilities/services to all SM Owners. Well progressed project Short term return on investment Low capital investment

5 INVESTMENT OPPORTUNITY Unique Cyprus Cultural New Village + Cultural Club To complete the twenty Cottages of 1-3 bed (few under construction) for sale lease or rent. Already existing is overflow - solar heated swimming pool, kiosk etc. and to complete restaurant, traditional coffee-shop, exhibition room and health sport services. For right away sale or Joint-Venture arrangement, as a pilot scheme (Project 1) for the larger Health and Medical Centre, Geroskipos Heights, entrance of Pafos. Proposed participation for capital investment 6 mil + return from sale of cottages for Investors 75%, Land Owners/Developers 25%.

6

7 Santa Marina Villas is tucked into the sweeping mountain landscape on the southern coast of Cyprus and with the stunning sea views and constant sea breezes. It is primary located on the uphill of Psematismenos Village which is in the middle of Larnaka and Lemesos 25min. and 30 min. from Capital city / Nicosia and 3-5km from the beaches (Maroni & Ay. Theodoros). The environment is combined greenery with colourful flowers making the residential area another splash of colour on a magical tableau.

8

9 SANTA MARINA VILLAS & COTTAGES PSEMATISMENOS VILLAGE, LARNAKA Santa Marina Villas and Cottages are located in the middle of Cyprus, just above the pretty traditional picturesque village of Psematismenos with strong archaeological importance having all amenities close by. Larnaka & Larnaka International airport and Lemesos is 20 min, Lefkosia 30 min, Pafos 60 min drive, just by the main highway (A1), linking all Towns of Cyprus. Maroni beaches 3klm away and famous Governors beaches 8klm whilst Zygi with its boating, jetting and Marina, fishing restaurants and shops is 3klm away. The houses built with Cyprus typical features of thick walls, high sloping wooden exposed ceilings, tiled insulated roofs are being constructed on a gentle hillside slope, following the contours of the topography, offering to all homes uninterrupted panoramic sea views and mountain aspects, in a peaceful and healthy natural environment (environmentally friendly). Ten of the 12 unsold Villas are proposed as follow: 5 for Cyprus Permanent Residency suitable or upgraded to reach the minimum requirement of and the other 5 for CY Citizenship (EU Passport) Very few of the Santa Marina Villas remain incomplete and unsold, whilst the 14 unit Cottages (out of 26) are under construction and the proposed neighbouring to be annexed land, on the eastern part (B1 at the side of B) is suitable to construct 6 (2bed) and 4-6 (1bed). This together with the already operating pretty overflow pool with all amenities and a kiosk, in stone and green surrounds, available for membership use to all Santa Marina Homes combined with all cottages will offer more amenities as well as more beds so as to become a larger development combining Real Estate (sale of properties) with a comprehensive Club, providing varied services including rental arrangements, mainly the one and two bedroom cottages for rent or other cottages or villas sold but their Owners wish to rent during unused periods by them. The Cottages are more appealing to those interested to use it part of the year and enjoy the bounties of holidays in Romantic Cyprus and rent it for the rest of the period, thus self financing their investment. Santa Marina Villas and Cottages surely attract Homebuyers seeking a property that suits entirely their specific needs and stands out from the rest. It is catered for: retirement, permanent home, part retirement, holiday, buy to sell, buy to let. Santa Marina provides plenty for all, whether one requires a lively living or wishes to lie back, relax in the sun and enjoy nature and sea views. TEL: / / info@ideahomefinder.com.cy i:\idea\promotion\2017 promotion\villas & cottages gen.flyer oct 17.doc

10 INVESTMENT OPPORTUNITY IN CYPRUS a) Santa Marina Cottages for sale and/or lease as Real Estate Section. b) AA Lifestyle Centre (Club) for varied services as Club Section enlarged as rental provider (Leisure Enterprise), as a Club Section. Santa Marina Cottages is Phase C (final) of Santa Marina Villas of which only few remain incomplete and unsold. The Cottages & Club house are under construction. The lifestyle, restaurant/ traditional café (kafenio) with cultural activities, is at construction stage whilst the overflow swimming pool with all amenities with stone wall surrounds have been completed and is in operation. Heated overflow swimming pool in operation Artist Impression of the Club design, which is under construction proposed to be enlarged with exhibition room for traditional products of the area - also used for Seminars / Parties / Congregations. The attractive 14 unit Cottages 1-3 bed Cultural Dream Homes, under construction and proposed extension on annex land B1 as shown on Architects Layout where about 8 (2bed.) + 4 to 6 (1bed.) may be built. Thus the total number of Cottages will be increased to 26. Another addition of 3 cottages converted from 3bedroom split level to 6x2bed units. These will greatly help revert to Leisure Enterprise combined with real estate, for the rest Cottages to be sold leased or rented, now that tourism based on year 2016 results is 3.1million tourists and that tends to increase more than satisfactory from year to year (for 2017 expected to increase to 4million tourists) will help to create a viable Enterprise. The Cottages either ran as a pure Real Estate by selling the properties or rented as a Leisure Enterprise, the Club House will manage, maintain and rent, as the case may be. It should be noted however that if the second method is chosen by the Investor(s), they will be greatly benefited if they are interested to secure Cyprus Permanent Residency and even more for Cyprus Citizenship (EU Passport), having a guaranteed income. Thus the Club House with its varied number of facilities provide a lot of advantages to both the House Owners and Tenants and/or Buyers and will greatly add to property sales returns or rentals as well as to the final income of the proposed combined Enterprise of Real Property and Club (more financial or other information can be provided on request). The Land/House Owners are open to discussion and are ready to accept Investor(s) or Developer under a joint venture basis or on right away Sale. A visit to the site will make the best impression of the uniqueness of this wonderful exquisite position and the proposed project. A prime location, excellent topography, quality living in a peaceful and healthy environment. The best lifestyle that Cyprus can offer amidst a mixed local and retiree/ holiday making community. Tel: / info@ideahomefinder.com.cy i:\idea\promotion\2017 promotion\investment opportunities in cyprus-oct.17.doc

11 SANTA MARINA Club House AA Lifestyle Centre An attractive Cultural Club House will be built with Cyprus typical features, also with natural stone, arches and pillars, comprising with the nearby fourteen 1-3 bed Cottages. These will be available for sale, rent and ran as Leisure Comprehensive Cultural Club House, of pretty designs of 1, 2 & 3 bed detached cottages. - The Cultural Club House will consist of a Restaurant, traditional Coffee Shop, a Cultural and Exhibition/Seminar/ Congregations/ Meeting room. In operation, as part of the Club, is a pretty overflow pool with all amenities as well as a kiosk, offering food, snacks and drinks. Men s and women s showers and dressing rooms are also provided and the kitchen room approved by C.T.O. is already built as well as stone/greenery fencing. On the proposed annexed owned land B1, 8 (2bed.) (1bed.) can be build, thus enlarging the Project so as to become the Pioneer Club for a larger Project (e.g. Geroskipos Heights, entrance of Pafos at close proximity to Pafos International Airport). The outstanding goodwill of very successful Santa Marina Villas on the side, most of it developed, will no doubt be of great help to the goodwill of this Club also: Maintenance and management and cleaning, as well as renting and also providing and/or arranging constant transport to nearby sea beaches, shopping center and shop, by mini busses or otherwise, (taxi, motor and bicycle) visits to and from the Club, visits to beaches, other Towns, to Archaeological and Touristic places, restaurants, entertainment etc. can be offered. A lot of cultural and other events and exhibitions of traditional products, the making of haloumi and anari cheeses, carob syrup and other products, can take place at the Club. It will be a Cultural Club in every sense, next to the Cultural/Historic Village of traditional Psematismenos with its pretty distinct houses, very attractive historic Church of Saint Marina in the Village, from which Santa Marina is named after and a very ancient chapel on the opposite hill, a historic museum, huge old olive trees theme park with walking, sitting and party facilities are worth visiting. Also a new renovated taverna, and a quite a number of other recreations are coming along in few years. Existing Coffee shop/grilled food-meze provider, first-aid fire brigade and medication room (used by Government s Doctor once a week) are also found. The village is small, with about 150 local villagers living in pretty most of them in traditional homes, and about 80 holiday or permanent residents at the village and its surroundings (now 20 families at Santa Marina). Friendly and hospitable village people. They always greet you with a smile and have something to offer you at the coffee shop or leave you a basket of lemon / orange at your door steps." Nicosia, Cyprus, January

12 Phase A Owners Villa Tel.: Office open door for brochers Santa Marina Entrance A B B1

13 Architect s Layout Phase C

14 Project 1 SANTA MARINA COTTAGES - AA LIFESTYLE CENTRE - (PHASE C) PSEMATISMENOS VILLAGE, CYPRUS WEST OF LARNAKA AND NEAR LIMASSOL Areas, Present position of estimated Trading A/C of Quality Cyprus Styled Cottages (No. 14) Existing as ongoing Project 1 House Name House Type Style Site No. Site Area m2 Bedrooms Total Covered Area m2 Uncovered Pergola /Patio m2 Open Pergola Car Port m2 Ygia (Health) 1 CB2 Bungalow - Detached Comfort 2 CD3 Split-level - Detached excavation Total Area m2 Present position slab construction-infrastructure, columns and beams Retreat 3 CD3A Split-level - Detached excavation Green Cottage 4 CB3 Bungalow - Detached slab construction-infrastructure Cosy Home 5 CB1 Bungalow Semi-Detached levelled Thyme 6 CB1a Bungalow Semi-Detached 38A levelled Traditional 7 CB3a Bungalow - Detached Bougainvillea 8 CB2a Bungalow - Detached slab construction-infrastructure, columns and beams slab construction-infrastructure, columns and beams Escape 9 CE2 Split-level Upper Floor Detached see lower cottage Elia (Olive) 10 CE2a Split-level Lower Floor Detached 41A Rosemary 11 CH2 Split-level Upper Floor Detached excavation slab construction-infrastructure, columns Peaceful Haven 12 CH2a Split-level Lower Floor Detached 42A excavation Carob Honey 13 CC2 Split-level Semi-Detached excavation Country Living 14 CC2a Split-level Semi-Detached 43A excavation Notes: 1. To the above analysis eight (2bed) and four (1bed) Cottages could be annexed on land B1 (as architect's layout ), also owened by the same Owners and it is within the same free title. By this the Cottages will be increased to 26 Cottages and as follows: (a) six 1 d. bed (b) sixteen 2. bed (c) four 3.bed = 42 d.bed max. 84 persons. 2. Cottages No. 5+6 can be sold to one Owner or be united to become a four bedroom house and similarly Cottages No.9+10, 11+12, can be sold separately or be united to become a 4 bedroom house, so as their price to be over to be eligible for Cyprus Permanent Residency, which IDEA will be pleased to help Buyer secure. Few others can be sold by personal arrangement to include furniture, equipment and outside works and/or SPA, so as to reach , eligible for Cyprus Permanent Residency. I:\IDEA\STUDIES\STAND\SM\2017 NEW\Area-Construction-Trading - Project 1-Special 8

15 SANTA MARINA CULTURAL VILLAS Exquisite position and Investment potential of phase B Villas Immediate Availability for SALE - All Actual Photos 1. Environmental (B9) 2. Corner Stone (B7 or B7a) Bungalow Detached - 3 Bedrooms + Car Port Site No: 21 Plot Area:551m2 Total Area: 193m2 VAT EXEMPT (19%) Resale - FREE TITLE FOR TRANSFER Pretty mature garden and photovoltaic system No neighbour at the rear with magnificent view of the river bay, green hills Any extentions to living room required, sw/pool or spa added together with full furnishings & equipment etc. 3. Mountain/Sea View (B2) Detached 3Bed on upper floor +1Bed. Independent self-contained that can be another house on lower floor with 3 car parkings, natural stone fencing wall Site No: 13 Plot Area: 367m2 Total Area: 269m2 TITLE FREE FOR TRANSFER VAT EXEMPT 19% No additionals needed as this price is just as much as required. 4. Vine Tree (H6) Bungalow Detached 3 Bed + Covered parking/store Site No: 11 Plot Area: 536m2 Total Area: 231m2 Stunning sea & mountain view VAT EXEMPT (19%) Resale - TITLE FREE FOR TRANSFER Any renovation required, 4th bedroom, swimming pool or spa can be added together with full furnishings & equipment, full garden etc. New split level Detached 3 Bed villa +Car Port Site No: 30 Plot Area: About 325m2 Total Area: 222m2 Split level living room on top floor for better sea & mountain view VAT 19% or 5% for first residence house General painting, 4th bedroom, swimming pool or spa can be added together with full furnishings & equipment, full garden etc. No. 1-5 are IDEAL FOR CYPRUS PERMANENT RESIDENCY PERMIT Minimum requirement and addition of swimming pool or spa and surrounds, garden, furniture and fittings, all to the requirements and choice of the buyer. For B2 & H6 4th bedroom can also be added. Our sincere commitment to offer comprehensive services, if required by Buyer, to secure Cyprus Permanent Residency Permit at reasonable fee. Now Fast Track Procedures available, easy access to European Countries living in Cyprus whenever the Buyer wishes and a lot of other benefits. All homes are built with Cyprus typical features and thick walls (0.30m) to meet climate conditions so that summer are cooler and winters warmer, featuring traditional elements including high sloping exposed wooden ceilings, solid wood doors, windows and shutters, wrought iron railings, stone entrances, arches & paving and a tiled roof with extra insulation. Part of the villas front stone faced and road front fencing in natural stone and the rest in fencing walls or hedges, pergola carport, tiled patios and include central heating, solar hot water, provision for Air Conditioning. Santa Marina Villas are situated mid-way between Lemesos and Larnaka. Lefkosia is just a 30 minute drive away while Pafos only an hour away. Zygi, with its popular fish restaurants and newly built fishing boat jetty and marina is just 5km and the famous Governor's Beach 8km. Cyprus has many golf courses, all within easy reach, as well as good shopping facilities, restaurants, schools, medical facilities and other conveniences. Genera Note: For all Santa Marina Cultural Villas and Santa Marina Luxury (Dream Homes) Photos and better description is available with Sellers Please turn over for more villas

16 5. Bungalow Resale (B11) 4bed. Villa, with covered garage, store office - Resale Site No: 17 SiteArea: 688m2 Total Area: 329m2 Allready renovated & part of the garden made. VAT 19% or 5% for first residence house Immediate Sale with Free Title for transfer Swimming pool or spa that can be added together with full furnishings & equipment, full garden etc. to increase the price to for Permanent Residency 6. Relaxation House (H11) Split level 2bed. house with Free Title for transfer Already Constructed Site No: 17 SiteArea: 207m2 Total Area: 161m2 VAT 19% or 5% for first residence house Immediate Sale with Free Title for transfer Private above ground swimming pool or spa optional Special Price from Off Plan Houses Constructed on Buyers Requirements Natural Environment (H14a) Artist impression No of Beds:3 + Car Port off Plans Site No: 17 SiteArea: 280m2 VAT 19% or 5% for first residence house Private swimming pool optional Special Price from Total Area: 200m2 Pergola (H13a) Artist impression No of Beds:3 + Car Port off Plans Site No: 17 Site Area: 308m2 VAT 19% or 5% for first residence house Private swimming pool optional Special Price from Total Area: 197m2

17 Santa Marina, Cyprus Cultural Luxury Dream Homes Quality Courtyard Villa (Show House) A new 5 en-suite bedroom Dream Cultural Villa or 2 separate Villas. Total house area 750m² (approx.) including garage, covered verandahs, covered swimming pool. Uncovered verandahs/patios 180m² (approx.) on a plot of 1370m², reduced price 2,600,000 (possibility to annex forestry -greenery site 1630m² to extra cost), on the highest slopping part of Santa Marina exquisite position with uninterrupted Sea Views (3-5 min) featuring mountain aspects. Traditionally built with hard natural stone, 3 stone arches on the facing verandahs, inside living-room high large arch, stone fireplace, many cultural features, exposed very high wooden ceiling and hoists, insulated roof and external walls to keep out the heat during the summer and the cold during the winter. Kitchen, inside and outside doors and windows of solid Cyprus typical design with shutters Majestic H15 (Alternative to H13 & H14 Villas) A 4-5 bedroom off-plan/custom built house at a reduced price of (4 bed.) (5bed.) that can accommodate design changes and luxury finishes. Total house area of 443m² (covered area 247m² that can be increased for a fifth bed up to 330m² ) including fireplace, swimming pool (10x4) also covered pergola car port and verandahs, uncovered pergolas/ verandahs/ patios, on a plot of 590m². Living room + bedroom on higher floor for better views of the sea mountains and traditional Psematismenos Village down below. All Luxury Villas are traditionally built with Cyprus typical features and thick walls (0.30m) to meet climate conditions so that summer are cooler and winnters warmer, featuring traditional elements including high sloping exposed wooden ceilings and hoists, solid wood doors, windows (double glazed) and typical shutters, wrought iron railings, stone entrances, pillars, few of them with arches, all with front road wall paved patios and round tiled insulated roof (thus triple insulated). Finish choices include natural solid wood parquet or marble flooring, granite kitchen surface, fireplace, private swimming pool. Also all required facilities, such as central heating, solar hot water, split units for air-conditioning/heating. Santa Marina Villas with their unique design, quality and beautiful uninterrupted sea views are ideal for holidays. Santa Marina Villas occupy a site that follows the gentle contours of a hillside just above the quiet traditional Village of Psematismenos, and it is designed to reflect the rustic character and the atmosphere of the village. Combining the convenience of being just 1km from the main A1 highway, with idyllic surroundings of a rural setting near the sea. Santa Marina Villas are designed to match everyone s individual tastes and requirements. They will stand out from the rest in the market. Suitable for CY Citizenship (EU Passport) separately each villa (valued min ) or the four villas (H15,B14a,H5a,H7a) together as an investment of and over Please turn over for 3 more luxury villas.

18 SANTA MARINA VILLAS CYPRUS CULTURAL LUXURY DREAM HOMES Enjoy the very best in location and lifestyle Exclusive Spacious Luxury Villas for SALE Wonderful sea & mountain views At near proximity Lemesos, Larnaka/Larnaka International Airport and Nicosia Actual Photo View from the House Orchard House B14a A 4-5 bedroom bungalow villa at a reduced price of (4 bed) (5 bed) VAT EXEMPT nearing completion in (2 months) with title deed able to accommodate choice of luxury floor finishes kitchen inside doors and two pretty stone archers. Total house area 260m² including covered verandahs, pergolas car port. Uncovered verandahs/patios 70m², on a 625m² plot. Private swimming pool 8x5 and living TV and guest room (5th bedroom) wooden mezzanines. On the corner of roads at higher elevation and on the rear cliff, free of any residence with panoramic view of the river valley below of olives and citrus trees, mountain and glance of the sea coast. Perspective Actual Photo Drawing Lemon Grove H5a A 4 bedroom split level Villa under construction (completed in 6 months) at a reduced price of VAT EXEMPT that can accommodate design changes and luxury finishes. Total house area 252m² including covered verandahs, pergolas car port, fully furnished and equipped. Uncovered verandahs/patios 28m² on about 350m² plot. Private swimming pool 8x4. Living room on higher floor for better views of the sea mountain and traditional Psematismenos village down below. Perspective Drawing Actual Photo Panorama H7a A 4 bedroom split level Villa under construction (completed in 6 months) at a reduced price of (4 bed.) (5 bed.) VAT EXEMPT that can accommodate design changes and luxury finishes. Total house area 279m² including covered verandahs, pergolas car port, fully furnished and equipped. Uncovered verandahs/patios 50m² on a plot of about 500m² including entrance patio. Private oval 9x4m swimming pool (or other shape). Living room on higher floor for panoramic view of the sea/mountain and traditional Psematismenos village down below, as well as Maroni Village.

19 Actual photo of pool and infrastructure of Club I:\IDEA\PICTURES\NEW ADVERTISMENTS\Selected double\aa LIFESTYLE (OFFICIAL PICTURE).doc

20 Actual Photo of Psematismenos village with Santa Marina on top

21 Above having panoramic sea/mountain views

22 INVESTMENT OPPORTUNITY IN CYPRUS GEROSKIPOS HEIGHTS, ENTRANCE OF PAFOS TOWN A plot of great potentials for different number of development possibilities. Prime location with spectacular view of the sea tourist coast and the Pafos Town Location / Position of the Exquisite Site (Plot 181) The area of the Site (Plot 181) is 3 hectares and 287sqm (31,287m 2 ). It is situated within the extended built-up area of Geroskipos Town, a superb location. Geroskipou tends to unite with the Town of Pafos, even though it has its own municipality. The four-lane highway (A6) connecting Limassol and Pafos is at a fair distance from the site providing easy accessibility, but causes no disturbance, as the Site starts from the hilltop down on the reverse side of the highway and has two asphalt road accesses. Two important bypasses connecting Pafos with the highway are in progress. A new strait road has been also built from Pafos to the airport that shortens the distance to Pafos International Airport (about 6km away) from this site, as is the distance from the highway. The road accesses are continually improving, leading to Pafos/ Geroskipou Eastern Coast, with its many 4-5 star hotels. Pafos growth in tourism will continue to be of the highest level in Cyprus, mainly because it houses most of the 4 5. star deluxe hotels of the island, has natural and archaeological attractions, restaurants / taverns, amusement / entertainment places, and many more. Pafos has been selected as one of the two European Capitals of Culture for 2017 and that has brought great success and congratulations from EU and of other international groups. This is also helping Pafos growth to a great extend in increasing its tourism. Tourist in 2016 has increased to 3.1m people and is expected to reach 3.7 by the end of 2017 and continue further increase from year to year reaching 6m people by , also due to operation of the Casino Resort and its four satellites one in each town. Viability Considerations of this Selective Site (Plot 181) The prime location/position of the Site, nearby the cross-roads at the entrance of Pafos Town from the Limassol/Pafos highway, on a higher-sloping elevation, provides excellent views of the Pafos Town and Eastern Coast, as well as mountain views and attractive rocky skyline kept as Public Greenery together with the surrounding large area, adding to the unique natural characteristics of the place. The weather is even better here than that of Pafos Town due to the higher elevation of the Site avoiding the rather heavy humidity of Geroskipos coastal Pafos, especially in the summer months. The openness of the place in comparison to the usual small ground area in a closed-in environment, as is the case of many hotels in Cyprus, is a superb plus that adds up to the potential possibilities of the selective developments hereto proposed. Also this exquisite position and elevations can be very suitable for quite a number of Real Estate Development combined with other viable projects. Real Estate proposed sub division plan of 2 large plots (A& B) for 25 Luxury Villas on the Upper part (A) ideal for CY Citizenship (EU Passport for minimum Investment of 2mn); whilst on Lower part (B) 20 Quality living Homes of 150m 2 (3-4 bedrooms), bungalow type of one floor villa or split level two floor villa ideal for CY Permanent Residency of minimum investment of All prices depend on area of villa and Plot, their construction cost due to position high slope and land surface as well as the quality of the finishes of each Villa. Upper part of the Site (A), for a number of Sun Sea Quality Living Homes, 4-5 bedrooms average of 200m², to hold private Health SPA and/or in or above ground swimming pool, at extra cost according to each case. These are proposed for Investor(s) interested to gain Cy Citizenship (EU Passport) now only by investing only 2million,for a number of Villas, or an additional one to value kept as Residence. The price of each Villa will depend on the position & the area of the plot, the type and construction of each and its quality finishes. The specimen model villas to choose from already available will prove to be the best investment and can be transformed from Cultural type, (similarly used by Santa Marina Villas with great success, where Buyers/Investors are invited to have a look of more than 20 dream homes) to modern type construction with modifications to its slopping tile roof (to flat roof as required) outside characteristics, inside divisions / areas as well as windows/doors finishes etc. to Buyer s choice. Important Considerations for this Exquisite position and proposed development. Geroskipos public beach (C.T.O. Plage) faces the Site on the eastern coast of Geroskipos-Pafos (2-4 km away) and in between a huge University, Health and Residential Complexes (NEAPOLIS), part of these and a University are already in operation. Newspaper Publications from Geroskipos Municipality pointed out that Geroskipos becomes HAWAII 3km Coastal Development to include public sandy beaches, walking and cycling pathways, sports, playgrounds, tennis courts, ice skating, typical bars, café-restaurants with major Atlantis Restaurant Entertainment Centre, parks and green places. Substantial sea cost works have and are undergoing. These with the already operated Elea Estate, including a nice golf course and amenities about 4 km Eastwards, will surely add to further development prospects of the proposed hereto project and increase local and tourists interest. Quite a number of Projects were publicised to get on foot in the area, the largest one being the Geroskipos Massive Tourist Project (see Google plan No.2) currently advertised to start with Deluxe Hotel of 14 floors as well as 2 other apartment blocks of 11 floors at Geroskipou coastal area. With careful planning this Exquisite position can be developed, in one way or another, to become an ideal proper Development at the proper place in a country very well known for its tourist attractions and good climate all year around. i:\idea\studies\stand\geroskipos\promotional iii-new-proposed real estate development.doc

23

24 REAL ESTATE DEVELOPMENT GEROSKIPOS HEIGHTS, ENTRANCE OF PAFOS TOWN United Development of plot 181 sheet/plan 51/12 at Gerospipou, Free Title No. 0/5910 total area 31287m² Showing licensed public greenery and the two access roads; but not the 13 licensed plots that most probably will not be utilized as divided but as shown on elsewhere Plot 23 Protection Zone 5608m² Nature trail path Public Greenery Municipality of Social Equipment (XKE) 474m² 273m² P. Green Asphalt Access Road P. Green 1408m² Plot 181 Total Net area 20691m2 for development Suitable for quite a number of business propositions, possibly better for a Leisure (Holiday) Assisted Living Village Main Access Road of the Area to Highway (A6) from Pafos to other towns Above plan is proposed for consideration by Investors interested to develop it in any business proposition they are interested in to develop in a Net total area of 20,691m2 after the deduction of public greenery and roads of more than 30% of the total area of a free title area of Very suitable for investors interested in Cy Citizenship EU Passport (for a minimum investment 2mn- 2.5mn).

25

26 PROPOSED REAL ESTATE DEVELOPMENT INTO TWO PLOTS GEROSKIPOS HEIGHTS, ENTRANCE OF PAFOS TOWN Proposed Division of plot 181 sheet/plan 51/12 at Geroskipou, Free Title No. 0/5910 total area 31287m² Mainly for Investors Interested for securing CY Citizenship (EU Passport) Plot 23 Protection Zone 5608m² Nature trail path Public Greenery Municipality of Social Equipment (XKE) 474m² 273m² P. Green Asphalt Access Road P. Green 1408m² A m² Proposed to build 25 Villas on plot of 520m² each or less Villas on larger plot B 8.000m² Main Access Road of the Area to Highway (A6) from Pafos to other towns Proposed to build 20 Villas on plot of 400m² each or less Villas on larger plot Notes: 1. Suitable for quite a number of business propositions for Investors Interested to Secure CY Citizenship (EU Passport) 2. The division line is entirely indicative and their area can be varied accordingly based on each Investor s requirements and budget (minimum of 2mn), that will be in turn based on number, quality of villas and area of each plot. I:\IDEA\STUDIES\Geroskipos Project\GEROSKIPOS PROJECT 2017\Division Plans\New Division Plans Oct.2017\REAL ESTATE DEVELOPMENT A & B plots

27 GEROSKIPOS HEIGHTS, ENTRANCE OF PAFOS TOWN Excellent Elevations of Plot 181 Geroskipos Heights that provide panoramic views of the sea and magnificent views of Pafos and Geroskipou

28 Geroskipou Town, is a coastal town and the second largest municipality in the Pafos district. Geroskipos Heights is located at the east entrance of Pafos and west downhill of the highway to Limassol and as a result is not affected by the highway noise. The high evenly elevated exquisite hillside provides stunning views from all positions of Geroskipou and Pafos with its eastern coast and most of four - five star deluxe hotels in Cyprus. The Pafos International airport is 6km away and the distant will be shortened by the new motorway which is on plans.

29 GEROSKIPOU GEROSKIPOU Town, almost joined with Pafos Town houses and the unique Geroskipos Heights on a hillside with attractive rocks on the very top area, provides exclusive investment opportunities. Geroskipos has interesting ancient churches and a museum; and the word Geroskipou means sacred gardens and mythology has it that they were the gardens of Aphrodite. The attractive stone square is hosting many taverns restaurants shops and cafes as well as groceries store etc. Three golf courses are found nearby and the creation of quite a lot more golf-courses is within the Government policies. A theme park site, just below Geroskipos facing the exquisite SITE proposed for development, has been for a long time a proposed one which, when finally developed, will attract higher income tourists, as is the main goal of the Cyprus Tourist Organisation (C.T.O.) with the development of golf courses, health resorts / spas etc. PAFOS 1/2 PAFOS is a colourful and beautiful laid out little Town that has grow very rapidly due to increase in tourism, at the west coast of Cyprus superbly situated on a rocky encampment overlooking the sea and the historic harbour of New Pafos. During Roman times it was the capital of Cyprus and Pafos with the surrounded area is rich in historic remains ranging from the castle and ancient wall defence to the fascinating Tombs of the Kings, carved out of solid rock underground, some containing Doric pillars. Pafos boasts of an interesting little museum containing historic objects that have been found from all over Pafos District, and the Episcopal Palace has a Byzantine Museum with many interesting icons and liturgical vessels, as well as the most interesting mosaics in Cyprus. In Pafos one can find all sort of entertainment, from traditional coffee shops and taverns to modern cocktail bars, restaurants and clubs. Beautiful countryside, a cosmopolitan resort, historic sites as well as sporting activities, the Pafos region has something for everyone at any time of the year.

30 PAFOS 2/2 PAFOS is the Cypriot seaside resort par excellence and it is said that no visit to Cyprus would be complete without spending at least a few days in Pafos. It offers a superb combination of beautiful scenery and romantically attractions that rightfully has been named by the mythology the birth place of Aphrodite, the Greek Goddess of love and beauty, who according to Homer was washed from the soft sea foam of the Pafian Sea. The economy of Pafos depends largely on tourism and real estate; among the most famous resorts in the district are Kato Pafos, Coral Bay, Latchi, and Aphrodite Hills. The largest by far is Kato Pafos which occupies over half of Pafos' population. Farming, especially banana, grape and tobacco cultivation, also contributes significantly to the economy of Pafos. Pafos has the island's second international airport. Pafos very attractive harbor with the Medieval Castle at its side has cultural and historical importance and is also used for fishing boats, adding a unique atmosphere to the area. The starting ceremony of of Pafos being the smallest ever European Cultural Capital and the smallest Town in Cyprus, proved that being so small, it s Cultural and Educational History, has nothing to be jealous of or lacking from the largest up-today Cultural European Capital and this gave assurance that it will be very successful all the year round, increasing further its popularity and tourism. It should be hereby noted that the Investment in Pafos and District has grown rapidly due to the 2016 revival from the serious economic crisis ( ).

31 We extend a Warm INVITATION to visit us THANK YOU In appreciation of visiting the above presentation Please find attached or ask for Supplementary Information A) Santa Marina Villas & Cottages Cultural Dream Homes & AA Lifestyle Centre (Club) B) Geroskipos Heights- Sun Sea Quality Living Homes Both for additional help. More information available at request.