CYPRUSCYPRUS

CyprusDemand

Cyprus is the only Cyprus is the only country in the Euro country in the Euro zone to record positive zone to record positive growth in the first growth in the first quarter of 2009 and quarter of 2009 and the only country in the the only country in the Euro zone not to have Euro zone not to have required public capital required public capital injections into its injections into its financial sector.financial sector.

The island has a The island has a worldwide demand for worldwide demand for property, including property, including Europe, Russia, South Europe, Russia, South Africa and the UAE. Africa and the UAE.

CyprusPrices

The property market The property market in Cyprus is still one in Cyprus is still one of the fastest of the fastest growing in the growing in the European Union. European Union.

All prices are now in All prices are now in Euro this offers Euro this offers currency stability currency stability and removes the and removes the risks associated risks associated with independent with independent currency currency fluctuation.fluctuation.

CyprusFinancial

Recent entry into the Recent entry into the Eurozone (January Eurozone (January 2008) is a further vote 2008) is a further vote of confidence.of confidence.

Investment restrictions Investment restrictions prior to EU accession prior to EU accession have now been lifted, have now been lifted, resulting in increased resulting in increased capital inflowcapital inflow from the from the US, Far East and US, Far East and mainland Europe.mainland Europe.

CyprusRental & Resales

Vibrant resale market Vibrant resale market offers investors good offers investors good exit strategy.exit strategy.

Good rental potential Good rental potential and a healthy growth and a healthy growth rate ensures Cyprus rate ensures Cyprus remains a European remains a European investment hot spot.investment hot spot.

A good rental market A good rental market gives owners an gives owners an optional source of optional source of income to assist with income to assist with any mortgage any mortgage payments and annual payments and annual charges.charges.

CyprusCash Flow

There are no exchange There are no exchange restrictions on current restrictions on current international international transactions. Non-transactions. Non-residents and foreign residents and foreign investors may freely investors may freely repatriate proceeds repatriate proceeds from their investments from their investments in Cyprus.in Cyprus.

Most banks in Cyprus Most banks in Cyprus have on-line banking have on-line banking facilities allowing you facilities allowing you to manage your to manage your finances from finances from anywhere in the world !anywhere in the world !

CyprusTaxation

Cyprus is the lowest tax Cyprus is the lowest tax location in Europe and location in Europe and has in place double has in place double taxation treaties with taxation treaties with over 40 countries.over 40 countries.

Capital Gains Tax is Capital Gains Tax is payable at 20% on the payable at 20% on the profit of the disposal of profit of the disposal of immovable property. immovable property. The first €17,100 is tax The first €17,100 is tax exempt or the first exempt or the first €34,200 if property is €34,200 if property is jointly owned by a jointly owned by a couple.couple.

Inheritance tax was Inheritance tax was abolished as of 1abolished as of 1stst January January 2000.2000.

CyprusTaxation

A highly advantageous A highly advantageous tax regime:tax regime:

10% corporation tax.10% corporation tax.

5% tax on overseas 5% tax on overseas income and assets of income and assets of retirees / foreigners retirees / foreigners including pensions.including pensions.

20% capital gains tax.20% capital gains tax.

No inheritance tax.No inheritance tax.

No wealth tax.No wealth tax.

CyprusCompany

Foreign companies are Foreign companies are also taking advantage also taking advantage of Cyprus' privileged & of Cyprus' privileged & strategic geographical strategic geographical location at the location at the crossroads of 3 crossroads of 3 continents: Europe, continents: Europe, Africa & the Middle Africa & the Middle East. East.

ALL dividends, ALL dividends, dividend income and dividend income and profits from overseas profits from overseas establishments are establishments are tax exempt.tax exempt.

CyprusMortgages

Finance is readily Finance is readily available in Cyprus in available in Cyprus in many currencies and at many currencies and at competitive interest competitive interest ratesrates

Many Currency Many Currency exchange companies exchange companies offer fixed yearly offer fixed yearly exchange rates with exchange rates with minimal fee to help you minimal fee to help you budget your mortgage budget your mortgage repayments.repayments.

CyprusRetirement

You can easily receive You can easily receive an overseas pension in an overseas pension in Cyprus. Pensions from Cyprus. Pensions from abroad are subject to a abroad are subject to a 5% flat rate of tax (with 5% flat rate of tax (with an initial exempt annual an initial exempt annual allowance of allowance of €3,417.20).€3,417.20).

Duty free car allowance Duty free car allowance for retirees.for retirees.

Large British ex-pat Large British ex-pat community (66,000) community (66,000) meaning Cyprus is a meaning Cyprus is a very attractive very attractive destination for English destination for English speaking retirees.speaking retirees.

LegalBritish based British based legal/conveyancing legal/conveyancing system (Cypriot law is system (Cypriot law is based on English law).based on English law).

All contracts are All contracts are written in English.written in English.

All properties are All properties are freehold.freehold.

National land registry National land registry system (based on UK system (based on UK land registry).land registry).

It is as safe to buy in It is as safe to buy in Cyprus as it is in UK.Cyprus as it is in UK.

CyprusWeather

Cyprus has one of the Cyprus has one of the longest tourist longest tourist seasons in the whole seasons in the whole of Europe with over of Europe with over 330 days of sun per 330 days of sun per year.year.

Average temperatures Average temperatures range from 16°C in range from 16°C in January to 32°C in January to 32°C in July. July.

Paphos and Limassol Paphos and Limassol have tourist facilities have tourist facilities all year round.all year round.

CyprusEveryday Living

A low cost of living A low cost of living offers an improved offers an improved quality of life.quality of life.

Almost all Cypriots Almost all Cypriots speak English!speak English!

Excellent public & Excellent public & private educationprivate education facilities.facilities.

Everyone drives on the Everyone drives on the left hand side of the left hand side of the road. (you can import road. (you can import your UK car)your UK car)

Cyprus has a very low Cyprus has a very low crime rate. crime rate. 11//66th of the th of the EU average!EU average!

CyprusLifestyle

Medical insurance is Medical insurance is cheaper than UK and cheaper than UK and usually covers the usually covers the policy holder policy holder worldwide.worldwide.

Cyprus has advanced Cyprus has advanced medical care (People medical care (People visit Cyprus especially visit Cyprus especially for medical for medical procedures).procedures).

Pet friendly destination! Pet friendly destination! Adoption of the Adoption of the European pet passport European pet passport scheme and home scheme and home quarantine rules ensure quarantine rules ensure your pets are welcome.your pets are welcome.

CyprusLifestyle

3 Pin plugs. No need to 3 Pin plugs. No need to change plugs on change plugs on imported appliances.imported appliances.

Advanced Advanced telecommunication telecommunication systems (rated 3systems (rated 3rdrd in in the world).the world).

Low cost utilities*. Low cost utilities*. Electricity around Electricity around €250€250 per year. Water aroundper year. Water around €100€100 per year.per year. Council Tax Council Tax aroundaround €150-250€150-250 per year.per year.

*Depending on location & usage.

CyprusMarinas

4 New marinas are 4 New marinas are planned for Cyprus:planned for Cyprus:

LimassolLimassol

PaphosPaphos

LarnacaLarnaca

Ayia NapaAyia Napa

The Paphos marina will The Paphos marina will be situated in be situated in Kissonerga and will Kissonerga and will have a 1000-yacht have a 1000-yacht capacity. The project capacity. The project has been started and has been started and completion is expected completion is expected in 4 years. in 4 years.

CyprusGolf

All 3 established golf All 3 established golf courses are in the courses are in the Paphos district.Paphos district. TsadaTsada Secret ValleySecret Valley Aphrodite Hills.Aphrodite Hills.

Plans are underway for Plans are underway for a further 11 golf a further 11 golf courses in Cyprus.courses in Cyprus.

Including an 18 hole Including an 18 hole European Golf European Golf FederationFederation endorsed endorsed course at the Larnaca course at the Larnaca golf and country club golf and country club and a Nick Faldo and a Nick Faldo designed course near designed course near Paphos. Paphos.

CyprusTourism

The number of visitors The number of visitors to Cyprus increased by to Cyprus increased by 0.6% in 2007 to 2.4 0.6% in 2007 to 2.4 million.million.

Tourism is predicted to Tourism is predicted to grow by 4.6% over the grow by 4.6% over the next 10 years. This is next 10 years. This is good news to property good news to property investors looking for a investors looking for a ready market.ready market.

Tourism generated Tourism generated around around €€4.2 billion in 4.2 billion in 2007, and by 2016 2007, and by 2016 revenue from tourism revenue from tourism is projected to reach is projected to reach €€8.8 billion.8.8 billion.

CyprusLocation

Availability of land. It is Availability of land. It is projected that within 5 projected that within 5 years most prime years most prime locations will be taken locations will be taken and this will increase and this will increase prices further.prices further.

Planning policy restricts Planning policy restricts the height of buildings the height of buildings and zoning policy and zoning policy restricts the density. This restricts the density. This helps protect both the helps protect both the character and views of character and views of existing properties.existing properties.

Expansion of the PaphosExpansion of the Paphos airport has been airport has been completed and Larnaca completed and Larnaca is underway to cater for is underway to cater for increased traffic.increased traffic.

Our ServicesOur ServicesI offer a truly INDEPENDENT, NO HASSLE Advice and Introduction Service, I offer a truly INDEPENDENT, NO HASSLE Advice and Introduction Service, which is completely free to the purchaser. I know the Island well, and understand which is completely free to the purchaser. I know the Island well, and understand the pitfalls of buying property abroad.the pitfalls of buying property abroad.

I offer:I offer:• Search for projects based on your requirements. Search for projects based on your requirements. • Arrange inspection visit and/or accommodation at special rate. Arrange inspection visit and/or accommodation at special rate. • Arrange for you to be escorted by appropriate Builder or developer Arrange for you to be escorted by appropriate Builder or developer • Advise you on funding options. Advise you on funding options. • Recommend highly regarded & reasonably priced Solicitor ( who speaks English). Recommend highly regarded & reasonably priced Solicitor ( who speaks English). • Recommend a Bank, because you will need to open a Cypriot Bank account. Recommend a Bank, because you will need to open a Cypriot Bank account. • If required introduce you to UK based Independant Financial Adviser. If required introduce you to UK based Independant Financial Adviser. • Advice on utilities, local services and title deeds after purchase. Advice on utilities, local services and title deeds after purchase. • Ensure that you get the best possible rate for transferring funds.Ensure that you get the best possible rate for transferring funds.

So what have you got to lose?So what have you got to lose?Complete the enquiry form on our web site www.cyprus–ideal.com or give Complete the enquiry form on our web site www.cyprus–ideal.com or give me a call on 0870 446 0010. You are under no obligation whatsoever! Let me a call on 0870 446 0010. You are under no obligation whatsoever! Let us discuss your dreams, and help you realise them.us discuss your dreams, and help you realise them.