INVESTING & BUYING PROPERTY IN CYPRUS. Cultural Homes in a Natural Environment

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Shauna Gilbert
6 years ago
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1 INVESTING & BUYING PROPERTY IN CYPRUS Cultural Homes in a Natural Environment

2 Buying a Cyprus Home; the threshold to EU A home buying search can be time consuming, complicated and may comprise a number of risks. Therefore purchasing from a secured direct source that will be an esteemed developer is of first priority. IDEA Holiday & Home Finder Ltd is a long established firm (over 40 years) of experienced property consultants dedicated to provide clients with a complete start-to-end solution from initial property search for Cyprus property (residential, commercial, investment) to project completion. It also offers independent legal and tax consultancy and a full range of the pre and after sales services. Our services include: Expert advice of investment opportunities covering commercial and residential property developments, new hotels, rental apartment projects, property refurbishments and land for development. EU Citizenship and Permanent Residency arrangements to live & travel freely around Europe. Financing/ Banking Arrangements Tax and legal solutions as well as a wide range of financial accounting auditingtax -corporate and banking services and advice, through our group companies, P. Kalopetrides & Co. - Auditors & Business Advisers - cy and Financial Consultants International (F.C.I.) LTD - Fiduciary and Business Consultants - We can provide reliable and independent solution for: Variable Cyprus Real Estate Investment Opportunities: Search for the best opportunity of real estate properties eligible for Permanent Residency and EU Citizenship. Cyprus properties for sale. Our services include also: Obtaining of all relevant permits; tax planning and tax advice and Structuring of Investment; Submission of application for Permanent Residency or Citizenship; Securing financing through local &/or foreign banks / organisations. Business Investment in Cyprus in the Hotel & Tourism, Energy, Alternative Energy Sector. Best possible opportunities of business investment and doing business in Cyprus or finding for you the right partner in Cyprus. Our services include: business match making, searching for the right business opportunities, preparation of business plan, feasibility/ viability study, financing arrangement, investing advice, tax advice and structuring. Cyprus professional Property & Business Consultants, with over 40 years of experience.

A risk free investment Santa Marina Villas & Cottages Tucked into the sweeping mountain landscape on the southern coast of Cyprus and with magnificent sea views.

3 A risk free investment Santa Marina Villas & Cottages Tucked into the sweeping mountain landscape on the southern coast of Cyprus and with magnificent sea views. Luxury villas are now available for sale, that make it ideal for permanent, retirement or second home or buy to sell. It is primly located on the uphill of traditional Psematismenos Village which is in the middle of Larnaka, Limassol and the Capital city of Nicosia. Santa Marina is a well developed multi-culture community which provides a good selection of different design homes of 1-5 beds, all with magnificent sea views in a healthy, relaxing and pollution free environment with all the facilities of the modern world. Apart from private pools, there are communal facilities available. Purchasing a Santa Marina home is a risk free investment since most of the homes are with title deeds and are exempt from VAT (19%). Moreover, it can be considered of high value for money investment due to the extraordinary degree of attention to detail, top quality finishing, excellent location, competitive prices, easy terms of payment and financing arrangements. Refundable Arranged Inspection Accommodation with sale. Contact us for visit/ accommodation arrangements, and you will have a pleasant surprise. Santa Marina Villas & Cottages: Enjoy The Best In Location & Lifestyle In Cyprus At Special Prices & Vat (19%) Exempt Dream Cultural Homes for retirement, relocation or investment, all built with a prominent personal touch, in peaceful, healthy, natural environment.

Three Specimen Homes: 1. B7 Corner Stone Bungalow Detached, Bedrooms 4 Site Area: 350m² Total Built Area: 269m² With Title Deed 1 2 2.

B9 Environmental Site No: 21 Bungalow Detached Bedrooms 3 Site Area: 550 m² Total Area : 193m² With Title Deed Santa Marina Villas & Cottages A predominant location Santa Marina

It is in the middle of the island at a hill side overlooking the sea in the front and the fields of Lemon Groves in the back.

4 Three Specimen Homes: 1. B7 Corner Stone Bungalow Detached, Bedrooms 4 Site Area: 350m² Total Built Area: 269m² With Title Deed B14 Orchard House Site No: 23 Bungalow Detached Bedrooms 4 Site Area: 600 m² Total Area : 242m² Near Completion 3. B9 Environmental Site No: 21 Bungalow Detached Bedrooms 3 Site Area: 550 m² Total Area : 193m² With Title Deed Santa Marina Villas & Cottages A predominant location Santa Marina Villas & Cottages just above the sedate village of Psematismenos. It is in the middle of the island at a hill side overlooking the sea in the front and the fields of Lemon Groves in the back. Larnaca International Airport: 20min drive (26klm); Larnaca city: 22 min drive (28 klm); Limassol (Lemesos) town and Main Port/Marina: 25 min drive (28 klm); Nicosia (Lefkosia) Capital City: 30min drive (42 klm); Closest beaches: Maroni: 2klm drive and Governor s beach: 8km. The most famous fish village of Zygi with its fish restaurants and marina is only 2 klm away as well as many other attractions like the Neolithic settlement of Choirokitia (1klm) and many antique Churches.

1. Vasilikos power station (energy center) 2. Governors Beach resort 3. Science Technology Park 4. Proposed golf course & Tourist resort 5. Le Meridien Limassol Spa & Resort 6.

5 1. Vasilikos power station (energy center) 2. Governors Beach resort 3. Science Technology Park 4. Proposed golf course & Tourist resort 5. Le Meridien Limassol Spa & Resort 6. St Raphael Marina (private) 7. Limassol Marina 8. Limassol Port 9. Aphrodite Hills Golf And Spa Resort 10. Secret Valley golf course 11. Elea golf course 12. Vikla Golf & Country Club 13. Aldiana Hotel Resort 14. Tersefanou golf course 15. Zygi Marina Santa Marina Villas & Cottages - Geroskipos Heights and surrounds Nicosia 14th EXIT FROM Nicosia or Larnaca Troodos Mountains Larnaka Pafos Geroskipou & Geroskipos Heights Pafos 9 International Airport EXIT 16 FROM Limassol & Paphos Lemesos Pentakomo 4 Lefkara Choirokoitia neolithic settlement Tersefanou 14 Larnaka International Airport 13 Psematismenos & Santa Marina Villas & Cottages Maroni 15Zygi (Marina) Mediterranean sea Geroskypou Beach

Excellent Cyprus Investments AA Lifestyle Centre (Club) The proposed AA Lifestyle Centre (Club) at the side of Santa Marina Cottages(14 units) (an already developed new cultural eco-village) The Club

Run a coffee shop and restaurant, which is under construction 4. Run the existing overflow heated swimming pool with kiosk, all amenities.

The project is offered for straight sale or for joint venture with Investors / Developers.

6 Excellent Cyprus Investments AA Lifestyle Centre (Club) The proposed AA Lifestyle Centre (Club) at the side of Santa Marina Cottages(14 units) (an already developed new cultural eco-village) The Club will: 1. Manage the rent of Cottages for short and long term living. 2. Provide services to residents like renting of bicycles/motors, hosting cultural and social activities 3. Run a coffee shop and restaurant, which is under construction 4. Run the existing overflow heated swimming pool with kiosk, all amenities. Ready-made project for direct Investment and immediate return Ready-made architecture plans with permissions. The project infrastructure work of the club and cottages are completed. The project is offered for straight sale or for joint venture with Investors / Developers. Club s Swiming pool Club s Cultural Centre /facilities Club s Swiming pool Health Care Geroskipos Heights, Entrance of Pafos (Paphos) Pafos exquisite site at the entrance of the town, proposed to be developed to a Health Care & Medical Centre (Rehabilitation/ Prevention Centre-Surgery Clinic) with a combination of Homes for Sale and Rent. Other options for investment are available. The project is offered for straight sale or for joint venture with Investors / Developers. An area of m2, density 40% with a free title for transfer to a new Enterprise or accept shareholders and/or mortgage for the purpose of finance. The location is ideal for this project because of the astonishing sea views, excellent climate and land morphology. At an evenly sloping hillside of Geroskipou, overlooking Pafos eastern coast with most of 4-5 deluxe hotels with stunning sea views, Pafos & Geroskipou towns, Pafos Int l Airport (6kms). Sandy beaches of Geroskypou

7 Coral Bay Beach, Pafos Villa for Sale Coral Bay is one of the most beautiful resorts in Cyprus. An exquisite building licence plot (with title) is available for sale at Coral Bay Estate, attractive Coral Bay exclusive sandy beach only 100m with green access from site. There is greenery on three sides of the plot, on cult-de-sac (no through road) with all facilities available. The plot of area 560m2 is available for sale OR Constructed Villas (off plan) in above plot as the selection plan as below: Coral Bay Villa 1 Bedrooms: 4 2 floor House, living room at the top floor for better sea view. Covered area: 274m2 Total area: 315m2 Coral Bay Villa 2 Bedrooms: floor House. Covered area: 273m2 Total area: 316m2 Construction period about 12 months. Competitive prices, easy terms of payment Refundable Arranged Inspection Accommodation with sale Coral Bay in Paphos OTHER PROPERTIES AVAILABLE AT CLIENT S REQUEST Sun Sea Quality Homes at Geroskipos Heights: is under development that consists of villas and apartments at an exquisite site at the entrance of Pafos. Hillside with panoramic sea views. Sun Sea Quality Homes 2 bedroom apartment of a small building at the outskirts of Larnaka Town Luxurious Apartments in Nicosia Capital City: constructed and under construction at prime residential areas and excellent quality construction finishes and plans. Commercial Properties in Nicosia and Limassol

REASONS TO INVEST AND BUY A HOUSE IN CYPRUS (AN EU COUNTRY) Special legislation allowing permanent residency to non-european citizens and Cyprus Citizenship/Passport (with conditions).

Corporation tax of 12.5% on profits of a limited Cyprus company. Favourable taxation for pensioners. No inheritance tax.

8 REASONS TO INVEST AND BUY A HOUSE IN CYPRUS (AN EU COUNTRY) Special legislation allowing permanent residency to non-european citizens and Cyprus Citizenship/Passport (with conditions). There are no restrictions for acquisition of property by EU Citizens. Cyprus has a double 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. No inheritance tax. Foreign Direct Investment (FDI) Policy is possible also for investors from third countries in most sectors of the economy. Cyprus is presently generating a high rental yield. The property selling prices declined in Cyprus, providing many serious good purchase opportunities for properties and other investments. Cyprus has a simplified property purchase procedure. Cypriot law is based on English law and the legal costs are very reasonable. There are no transfer fees for properties with VAT. Property ownership is secured through the Land Registry, a Purchase Agreement and Title Deed. New development relaxations/ incentives, mainly for foreign investments. Re-investment income is tax free, increase of built area (density) 20%-30% Cyprus has a strategic location at the crossroads of three continents, with excellent transport infrastructure and a good highway connecting all towns and Airports. Two international airports and a large international port & cargo. Other advantages like the sunny weather, blue sandy beaches, foreign speaking schools, high medical facilities and many more. In 2013 Cyprus ranked as the fifth best relocation destination in the world (source 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. It s offered as a location to wealthy purchasers is reinforced by its location, lifestyle and tax position. Cyprus has many interesting places to visit

9 Cyprus: The Key to EU Citizenship or Residency by Buying a Home or Investing in Cyprus Permanent Residence Permit ( PR ) in 90 day Acquiring a house in Cyprus of Minimum Value of plus VAT; proof of payment for at least Having an annual income origination from abroad of per applicant increased by for each dependent person. No criminal record; no work or employment allowed in Cyprus Purchase on the name of a Company where applicant(s) are the sole shareholders. Acquiring Cyprus Citizenship by Exception / Naturalization A non-cypriot citizen will be eligible to obtain Cyprus citizenship if one of the following criteria is met: 1. Investment in government bonds: The applicant must have purchased state bonds of the Republic of Cyprus amounting to at least 5 million. OR 2. Investments in financial assets of Cypriot companies or organisations (e.g. bonds / securities / debentures registered and issued in the Republic of Cyprus) amounting to at least 5 million. OR 3. Investment in real estate, land development and infrastructure projects: of at least 5 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector or other infrastructure related projects). OR 4. Purchase or creation or participation in Cypriot businesses or companies: that are based and operating in Cyprus, amounting to at least 5 million. Such businesses and companies must have physical presence in Cyprus and employ at least five Cypriot citizens; conversion of deposits into shares. OR 5. Fixed Term Deposits in Cypriot Banks: for three years in Cypriot banks or deposits of privately owned companies or trusts in Cyprus (in which s/he is the beneficiary owner) amounting to at least 5 million. OR 6. Combination of the aforementioned criteria 1 to 5: amounting to at least 5 million. OR 7. Persons whose deposits with the Popular Bank Public Company Ltd have been impaired due to the measures implemented after the 15th of March 2013 amounting to a total of at least 3 million. In the case where the applicant has incurred an impairment in his/her deposits under 3 million, s/he may apply, having made additional investment through the criteria 1 to 5. OR 8. Collective investments: The Council of Ministers shall have the right on specific cases, to amend the above mentioned parameters 1 to 4, as following: I. The amount that needs to be invested is 2.5 million for investors participating in a special collective investment scheme, provided that the total value of the investment is at least 12.5 million. II. The amount that needs to be invested is 2 million for investors participating in a special collective investment scheme, provided that the total value of the investment is more than 12.5 million. Please ask for Terms & Conditions and Procedure of Application IDEA provides an independent & complete Migration Solution

IDEA Holiday & Home Finder Ltd, Cyprus professional Property & Business Consultants, with over 40 years of experience.

BUY your place in the Sun in the Blue Island of the Mediterranean, the birth place of Aphrodite and Adonis, in Romantic Cyprus.

EARN profit from buying directly from the Developer and from capital appreciation.

10 IDEA Holiday & Home Finder Ltd, Cyprus professional Property & Business Consultants, with over 40 years of experience. IDEA has long experience in the promotion of selective properties and other investments. BUY your place in the Sun in the Blue Island of the Mediterranean, the birth place of Aphrodite and Adonis, in Romantic Cyprus. ENJOY its bounties and resources, its stable economy, enchanting surroundings, lovely weather, hospitable people, sea with mountain aspects. EARN profit from buying directly from the Developer and from capital appreciation. IDEA is committed to making your property purchase in Cyprus a pleasant, secure and trouble free experience. Let IDEAtruly serve you find the best home and investment opportunity in Cyprus. IDEA Holiday & Home Finder Ltd. 2, Christ. Sozos Str., 3rd floor Eiffel Tower, P.O Box Nicosia, Cyprus T F info@ideahomefinder.com.cy

T. & , F.

T. & , F. INVESTING IN CYPRUS Idea Holiday & Home Finder Ltd. 2 Christodoulou Sozos Str., 3rd floor,eiffel Tower, P.O Box 21439, 1508 Nicosia, Cyprus T. +357 22 669484 F. +357 22 665299 info@ideahomefinder.com.cy