CYPRUS PERMANENT RESIDENCY

CYPRUS

Mediterranean destination at the Crossroads of Europe, Asia and Africa

Official Name: Republic of Cyprus

Member of: European Union

Area: 9,251 km2

Population: 843,300

Currency: Euro

Language: Greek & English

International Airports: Paphos & Larnaca

Annual Days of Sunshine: 340

Climate: mild winters - cool summers

Religious Freedom: Christians and Muslims CYPRUS

An island for all seasons and a million reasons

Strategic location on the crossroads of 3 continents (Europe, Asia and Africa) Member of the EU and the Eurozone High level of services, including financial, medical, education, telecommunications etc Low taxes Ability to obtain permanent residency / citizenship for non EU citizens through purchase of real estate The recent natural gas discovery will be a game changer for the domestic economy and real estate values Mild climate and sunshine (320 days a year) Beautiful scenery and pristine beaches Caters to 3.2 mm tourists per year English language widely spoken Safe, secure and cosmopolitan environment High standard but low cost of living New Marinas, Golf courses and Casinos CYPRUS’ STRATEGIC GEOGRAPHIC LOCATION

MONACO

CRETE BEIRUT

TEL AVIV

CYPRUS IN FIGURES

1st Safest country in the World among small countries and 5th worldwide (2016) 1st Safest country in the world for young people (2017) 4th 4th (out of 144 countries) on higher education and training (2016) 5th 5th best relocation destination in the World (2016) 60 Double Taxation agreement with over 60 countries worldwide 63 Awarded with 63 Blue Flags for its beaches, most per Capita in the World (2018) 340 Cyprus enjoys 340 days of sunshine 2017 Pafos 2017 European Capital of Culture 3.6mm 3.6 million tourists visited Cyprus in 2017

TAX INCENTIVES 0 % Immovable Property Tax 0 % Inheritance, Wealth and Giſt Tax 0 % On dividend income for non-Cypriots 0 % On Widow's pension 0 % First €19.500 are exempt from personal income tax 0 % Instead of 8% property transfer fees are payable (if VAT was paid) 5 % on foreign pensions, exemption of €3.417 is granted 5 % A reduced VAT (5% from 19%) for main residence purchased Euros 12.5 % Corporate tax ,one of the lowest in Europe

NON DOM Residence persons have high exemptions from many taxes and rates for their Cyprus and non-Cyprus income CYPRUS

LIFESTYLE

● High quality cosmopolitan lifestyle

● Ιdeal for outdoor activities & sports

● Healthiest Mediterranean cuisine

● The island's life is full of Entertainment, Culture Events & Performances

● New Casinos, Marinas, Golf Courses and Spa Resorts

● Exclusive VIP vibrant nightlife

● Super luxury International restaurants

● Private jet and yachting services

● VIP shopping offering the latest in fashion trends and innovative designs

● Private tours to ancient landmarks and breathtaking landscape

● Best Mediterranean clear and clean sandy beaches and the richest nature WHY LEPTOS

GROUP PROFILE

The Leptos Group, one of the largest and most successful private groups in Cyprus and Greece, was founded by the Executive Chairman, Michael G. Leptos, a leading figure and an innovator in his field, in 1960 in Kyrenia relocating its headquarters to Paphos in the late 1970s.

The Leptos Group is the Leading Group in Land and Building Development in Cyprus and the Greek Islands. Over the years it has successfully completed more than 350 unique projects with sophistication, quality and excellence in design.

Leptos Calypso Hotels and Resorts, a member of the Group, is a public listed company that owns and operates Hotels and Resorts with over 3600 beds both in Cyprus and Greece. The Group, following an innovative path is also involved in the Education and Healthcare sectors with its own University, the Neapolis University Pafos, the first and only one in the region and Iasis Hospital which is considered to be amongst the best equipped and staffed hospitals in Cyprus.

The Leptos Group with over 58 years of a success history has today an international network of private offices in the top global business cities and business associates in more than 75 countries all over the world. WHY LEPTOS

GROUP PROFILE

It has also an extensive land bank in prime locations both in Cyprus and Greece for the development of prestigious residential and holiday developments, luxury hotels and resorts as well as for the creation of mega projects which is considered to be the most ambitious construction challenge that has been taken on in the Mediterranean.

In addition, the Group offers a fully comprehensive service to its customers and business associates. Highly qualified and experienced teams of specialists, amongst them architects, engineers, designers, sales and marketing executives, property and after sales managers together with qualified personnel are always on hand.

The Leptos Group is committed to its outward-looking and innovative strategy and implements its investment planning with a view to adding value and creating new potential.

At the Leptos Group we believe that the value of an enterprise is not measured by the returns of the day but by the legacy one leaves behind. LEPTOS ORGANISATIONAL CHART PERMANENT RESIDENCE PERMIT IN CYPRUS MEMBER OF THE EUROPEAN UNION

TO APPLICANTS WHO ARE NON EU NATIONALS AND INVEST IN CYPRUS PROPERTIES

LEGAL FRAMEWORK

In pursuance of the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Cyprus Minister of Interior, having notified the Council of Ministers, has decided to issue an Immigration Permit to NON EU applicants, in cases where certain conditions are satisfied. PERMANENT RESIDENCE PERMIT IN CYPRUS MEMBER OF THE EUROPEAN UNION

TO APPLICANTS WHO ARE NON EU NATIONALS AND INVEST IN CYPRUS PROPERTIES

FOR THE ENTIRE FAMILY PROPERTY INVESTMENT VALID FOR LIFE

PARENTS – CHILDREN – GRANDPARENTS ONLY 300,000 EUROS NO NEED FOR FUTURE RECONSIDERATION

Cyprus Permanent Residence Permit covers the Guaranteed fast track straight-forward The Permanent Residence Permit is valid for Life. whole family including dependents and parents procedure. The property must be bought You need to visit Cyprus once every two years at of the applicant and his/her spouse from a licenced development company least for one day (First sale property) PERMANENT RESIDENCE PERMIT IN CYPRUS MEMBER OF THE EUROPEAN UNION

TO APPLICANTS WHO ARE NON EU NATIONALS AND INVEST IN CYPRUS PROPERTIES

VISA REQUIREMENTS SCHENGEN ZONE ELIGIBLE FOR CITIZENSHIP

NO VISA NEEDED TO ENTER CYPRUS CYPRUS IS EXPECTED TO ENTER NATURALISATION BASED ON YEARS THE SCHENGEN ZONE SOON OF RESIDENCE

The Cyprus Permanent Residency holder Cyprus along with Romania, Bulgaria and Croatia A Cyprus Permanent Resident has the right (under and his family are free to enter Cyprus are expected to join the Schengen area soon certain conditions) to apply for a Cypriot Citizenship without the need of obtaining a visa following their physical presence on the Island. (C.R.L. Article 111) PERMANENT RESIDENCE PERMIT IN CYPRUS IN ONLY 2 MONTHS

WHO IS ELIGIBLE?

“To applicants who are Non EU nationals and invest in Cyprus”

The applicant should be an owner of a property (sold for the first time by a development company) in Cyprus, a house, an apartment or any other building, for a minimum value of €300.000 + VAT (if any).

The immigration permit issued to an applicant covers his spouse and children under the age of 18. The said permit is also applicable for unmarried children aged 18 to 25 who may prove that they are students at a University and are financially dependent on the applicant. The said permit will be valid for life aſter the age of 25 without any other additional document.

The parents of the main applicant and those of his spouse are also eligible to apply and obtain the Permanent Residence Permit by just showing an extra 8,000 euros each on the main applicant's income certificate. CYPRUS PERMANENT RESIDENCE PERMIT WITH THE PURCHASE OF A PROPERTY

IMMIGRATION PERMIT REQUIRED DOCUMENTS / CERTIFICATES UNDER REG. 6(2)

Copy of valid passport of the applicant and his dependants. The amounts paid for the property must be proven to have Curriculum Vitae. been transferred to Cyprus from abroad. Original Letter from a financial institution in Cyprus (Bank, Coop) of a deposit Official Statements by the applicant and his/her spouse that they of €30.000, pledged for three years, emanated from abroad. do not intent to undertake any sort of employment in Cyprus. Declaration of a secured annual income from abroad of €30.000 at least, Health Insurance Policy for the applicant and his/her dependants. (original documents and affidavit or declaration). Original Criminal Record Certificate duly certified for the applicant Title of ownership or contract of sale of property in Cyprus of a minimum and his/her spouse (if the applicant resides abroad, the certificate market value of €300.000 +vat if any (original or true copy). If the title of must be issued from his/her country of residence, and submitted with ownership has not been obtained yet, the applicant must submit the contract an official and certified translation). of sale duly stamped by the Stamps Commissioner and the Department of Marriage Certificate duly certified (official and certified translation). Lands & Surveys and proof of payment for at least €200.000 + vat if any. Children's Birth Certificates dully certified (official and certified translation). FAQ'S ON APPLYING FOR A CYPRUS PERMANENT RESIDENCE PERMIT

LET'S BE CLEAR

Is Cyprus a member of the European Union? Yes Cyprus is a full member since 2004.

Is my PRP renewable every few months or years? No the PRP is granted for the life time.

How can a PRP be revoked? If the applicant sells his/her property without replacing it with another of the same or bigger value or if the applicant fails to visit Cyprus once every two years. In the case of failing to visit Cyprus within 2 years, the investor has the right to re-apply and re-grant the Residency.

What type of immovable property qualifies for the purpose of a fast track Permanent Residency ? First time sale. Resales cannot be used for Fast Track Residency One or two apartments or one or two houses or combination of each One apartment / house and one commercial shop/warehouse or an office.

Is it acceptable if the property is purchased in the name of a company? Yes , provided the applicant is the only owner and shareholder.

Can I buy a property which is still under study or construction? Yes you can.

Can I take up employment in Cyprus? No, however you can Establish a Company and/or-own shares in a company registered in Cyprus and the income from the dividends is not deemed an impediment for the purpose of obtaining an immigration permit.

Do I have to pass a Greek or any other language test or exam? No, it is not required. EXCLUSIVE PROJECTS FOR CYPRUS PERMANENT RESIDENCE PERMIT

K A M A R E S V I L L AG E O LY M P US A N D V I K L A V I L L A S M A N D R I A GA R D E N S

T H E P E R F EC T P L AC E TO L I V E LUXU RY H I L LTO P L I V I N G E XC LUS I V E S E A F R O N T L I V I N I N G

Kamares Village is one of the most exclusive developments in Nestling on the hills above Paphos and next to the Tsada Golf Mandria Gardens is set on the edge of the peaceful village of Cyprus and is amongst the most distinctive in the Eastern Course is the elegant development of Olympus and Vikla Villas. Mandria, close to the sea, in an ideal location only 10 minutes from Mediterranean. This project is characterised by its delicate stone Based on the success of Leptos Kamares Village, these homes are Paphos town, a short drive from the golf courses of Aphrodite Hills and Secret Valley and close to the famous landmark Petra tou arches and superb location with breathtaking views of the carefully sited so that residents enjoy breath-taking panoramic Romiou, the mythological birth place of Aphrodite, Goddess of Love countryside and Paphos' coastline. views of the sea and the countryside. and Beauty. The use of stone, wood and arches typify the landscape whilst Cool down during the warmth of the summer season in your private The project offers one and two bedroom apartments and swimming pool or relax in the warmth of your stone-dressed wood swimming pools, barbeques, sun terraces and even private tennis penthouses, and three bedroom detached villas. There are two large courts add luxury to the Mediterranean outdoor lifestyle. burning fireplace in the winter months. communal swimming pools, both set in beautiful and spacious landscaped gardens and with a club house for the use of residents. The traditional styles and finishes have been selected to suit the development and area, and the project offers great value for money. EXCLUSIVE PROJECTS FOR CYPRUS PERMANENT RESIDENCE PERMIT

P I S S O U R I B E AC H V I L L A S V I K L A V I L L A S B E LV E D E R E V I L L A S

LUXU RY WAT E R S I D E L I V I N G B E AU T I F U L H O M E S I N P R I M E LO C AT I O N S W H E R E T H E S U N M E E T S T H E S E A

Designed with the concept of Mediterranean living in mind, Pissouri Vikla Village is located on a hilltop boasting breathtaking views of the These fabulous plots of land are located on a gently sloping hillside Villas offer for sale a choice of designs in luxury detached properties. Paphos coastline and the nearby Tsada village with its traditional overlooking the sea on the outskirts of Paphos town and just 300m Select from a variety of 2, 3, 4 and 5 bedroom villas and bungalows narrow streets, coffee shops, tavernas and close to the 18 hole from the sea and the nearby luxury beach hotels, in an exclusive ideal for holiday homes, permanent residence and for investment championship golf course, with its Byzantine monastery, Stavros tis coastal area, within walking distance of the shops and nightlife. purposes. Mythis. Belvedere plots & villas is a special project of fabulous plots and Large landscaped gardens offer ample room for private swimming The development is set high on a hill and has its properties built individually designed villas. All plots command stunning views of pools and barbeque areas. Choose your finishes and create around the communal pool. There is a small club house on the both the sea and the surrounding area. It is the perfect place for project for the use of residents. appealing living spaces with wood-burning fireplaces, pergola those wanting peace and tranquility, yet having all the local covered sun terraces and the touch of natural stone. amenities to hand. EXCLUSIVE PROJECTS FOR CYPRUS PERMANENT RESIDENCE PERMIT

V E N US GA R D E N S A K A M A N T I S GA R D E N S A P H R O D I T E GA R D E N S

F R E S H , S I M P L E A N D M O D E R N L I N E S N AT U R E I S YO U R N E I G H B O R P E AC E F U L A N D T R A N Q U I L

Leptos Estates is proud to present its latest offer of fine living on the Leptos Aphrodite Gardens is set to be the most luxurious gated tranquil coast of Polis Chrysochous. Neighboring with the resort residence in Paphos with a good selection of 1, 2 and 3 magnificent Akamas Peninsula and Paphos forest, it is a unique bedroom apartments, penthouses, maisonettes and villas. It is area that offers abundance of outdoor enjoyment on the walking superbly located in Kato Paphos within walking distance to all amenities and facilities and the municipal sandy beaches. All living areas have direct access to large verandas, terraces and paths of the protected forest, amazing aquatic attractions and clean pebbled beaches. gardens which surround the properties and all interior designs allow Aphrodite Gardens comprises of 200 properties surrounding two the sun and air to flow through. This high-grade coastal development of one, two and three bedroom large free form swimming pools and landscaped gardens. apartments, luxury penthouses and two and three bedroom villas with a large communal and private swimming pools lays within beautiful citrus tree groves. LeptosGoldCard As a small gesture of our appreciation we provide every new buyer of Leptos Estates properties in Cyprus with the Leptos Gold Card that will entitle you to enjoy the benefits from an exclusive privileged programme

Holidays Education Healthcare Great Locations - Amazing Hotels Secure your future with NUP Best Medical Care Elegance and charm of Resort Hotels First and only University in Pafos Pleasant and hospitable atmosphere Setting of tranquillity and stunning views Education is life itself Functional, Comfortable, Trusted Beautiful places-Inspiring spaces Your University-Your Future A great place to receive care The best value under the Sun Academic Excellence A safe future for healthcare PAPHOS - CYPRUS LONDON - UK MOSCOW - RUSSIA DUBAI - UAE BEIJING - CHINA SHANGHAI - CHINA GUANGZHOU - CHINA HEADQUARTERS The Leptos House Leptos UK Ltd. Moscow City - Empire Tower Emirates Financial Towers 907, Block C, Vantone Center, Room 1210, Chong Hing Finance A01, 34th Floor, No. 32 Pearl River 111, Apostolos Pavlos Ave, 1, Berkeley Street 6, Presnenskaya Naberezhnaya DIFC - North Tower - No. 319 Jia No.6, Chaoyangmenwai Street Center, 288 Nanjing Road West, East Road, Tianhe District, CY-8046, P.O. Box 60146, CY-8129 Mayfair, London, W1J 8DJ, UK Building 2, Floor 44, Office 4413 P.O. Box 506910, Dubai - UAE Chaoyang District, Beijing Huangpu District, 200003 Shanghai 510623, Guangzhou Paphos, Cyprus Moscow - 123317, Russia T: (+44) 208 883 2333 T: (+971) 4 3528191 T: (+86) 10 5907 3099 T: (+86) 21 6133 7880 T: (+86) 20 2202 8665 T: (+357) 26880100 F: (+44) 208 883 6464 T: (+7) 4959741453/54 F: (+971) 4 3528881 F: (+86) 19 85731449 T: (+86) 21 6133 7889 T: (+86) 20 2202 8667 E: [email protected] E: [email protected] E: [email protected] E: [email protected] E: [email protected] E: [email protected] E: [email protected] URL: www.LeptosEstates.com URL: www.LeptosEstates.com URL: www.Leptos-Estates.ru URL: www.LeptosEstates.ae URL: www.LeptosEstates.cn URL: www.LeptosEstates.cn URL: www.LeptosEstates.cn

CAIRO - EGYPT AMMAN - JORDAN NICOSIA - CYPRUS LIMASSOL - CYPRUS ATHENS - GREECE CHANIA - GREECE PAROS - GREECE Office – Suite Intercontinental Mecca street, Al Husseini towers, 9, Dhemetsanis str. 104, Amathountos Avenue, 37, Achaias str. Panorama Hotel Ekatondapiliani Cairo Semiramis El, Nile Corniche, building No 164, 4th floor, CY-1070 Nicosia Shop 5, 4532 Agios Tychonas 115 23 Ambelokipi Kato Galatas, 73 100 84 400 Paroikia Cairo Governorate 11511 office #403, Amman, Jordan. P.O. Box 24862, CY-1304 Limassol, Cyprus Athens, Greece Chania, Crete, Greece Paros, Greece Nicosia, Cyprus T: (+20) 1144482362 M: (+962) 79 816 5299 T: (+357) 25873233 T: (+30) 210 6083800 T: (+30) 2821020830 T: (+30) 2284028503 E: [email protected] E: [email protected] T: (+357) 22458745 F: (+357) 25312031 F: (+30) 210 6083849 F: (+30) 2821033647 F: (+30) 2284028504 URL: www.LeptosEstates.com URL: www.LeptosEstates.com E: [email protected] E: [email protected] E: [email protected] E: [email protected] E: [email protected] URL: www.LeptosEstates.com URL: www.LeptosEstates.com URL: www.LeptosGreece.com URL: www.LeptosGreece.com URL: www.LeptosGreece.com

2017 No representations or warranties express or implied, are made as to the accuracy or completeness of the information contained herein. Information contained in this Document may vary from the date of publishing.All measurements set forth herein are approximations only based on information hereto available. Actual measurements may vary. Leptos Estates reserves the right to withdraw the Property being marketed at any time without notice. This Document shall not be photocopied, reproduced or distributed to others without prior consent of Leptos Estates.