Aeneas Grand Villas : Mediterranean Diamond of Aphrodite Hills
About Cyprus Cyprus is conveniently situated in the crossroads of three continents, Europe, Asia and Africa. The island enjoys long warm summers and short mild winters, with a total of 320 days of sunshine, making it an ideal destination throughout the year. Sandy beaches are beautifully combined with pine covered mountains offering a variety of activities and options. Cyprus thrives as a cultural center where the traditional and the contemporary blend and evolve. Arts, sciences and academia are all held in the highest standards promoting innovation and creativity. As an educational hub, Cyprus prides itself for the exceptional quality of its academic establishments both in secondary and higher education, in the form of private/public schools and universities. The island recorded the lowest crime rate in Europe, thus being the perfect place for holidays, retirement or business development. 02
About the Economy Cyprus operates under an open, free-market economy. Despite the unprecedented 2013 bail-in, the Cypriot economy managed to bounce back extraordinarily fast proving its resilience and solid foundations. 2015 found Cyprus with a positive GDP growth rate of 1.5% confirming its adjustability and its commitment to progress. The island is constantly evolving in order to attract foreign investments and numerous new projects are under development such as marinas, casino resorts, golf courses and infrastructure improvements. 03
Main Economic Sectors More than 75% of the island s GDP is attributed to services of both financial and non-financial nature, mostly provided by the private sector. Financial services include fiduciary, administrative, accounting, banking, investment and corporate all of which contribute to about 25% of the island s GDP. Non-financial services comprise mainly of tourism, health care, the oil and gas industry and maritime. Tourism has always been Cyprus s priority not only during the summer season but throughout the year. Establishing Cyprus as a health care destination is one of the government s goals with private hospitals competing for excellence. The oil and gas industry, although in its infancy, is already attracting major international investors and is expected to significantly contribute to the island s revenue. Cyprus is a fully-fledged shipping center, renowned for its high safety standards and quality. The Cyprus Registry is the 3 rd largest in the EU and the 10 th largest globally. 04
Why Invest in Cyprus The transparent regulatory framework. The competitive tax regime with the lowest corporate tax in Europe, currently at 12.5% The double tax treaties which Cyprus holds with 45 countries. The ease of accessibility since Cyprus has a flight network with all countries. The advanced telecommunication services that keep the island connected at all times. The highly educated and hardworking human capital. 05
Why Invest in Real Estate The Cyprus government is offering considerable incentives to investors: Properties are currently available at competitive prices and their value is expected to substantially rise in the future. First time buyers of new properties enjoy reduced VAT of 5% on their purchase instead of 19%. No transfer/registrations fees apply for new properties when VAT is charged. Citizenship by Investment program where buyers are eligible for Cyprus citizenship which lifts travelling restrictions, offers residence and employment opportunities, contributes in effective tax planning and leads to the acquisition of Cyprus/EU passport. Permanent Residence Permit (PRP) where buyers are eligible for PRP which relaxes visa requirements for most European countries and offers residence opportunities. 06
Citizenship by Investment Program Legislation changes now allow any foreign investor to become a Cypriot citizen and obtain a Cyprus/EU passport through naturalization if certain criteria and conditions are met. Main financial criteria: A. A total investment of at least 2,0m in real estate, land development or infrastructure projects, participation in local companies, Government Bonds of max. 500,000 and the purchase of a permanent residence of minimum price or 500,000 (excl. VAT), hence the total investment is set at 2,5million Euros OR B. The amount is reduced to 2.0m if the investor opts for the whole amount to be invested in the purchase of real estate with at least one property of minimum 500,000 (excl. VAT) as a permanent residency which must be kept for life. Conditions: o Clean criminal record: a Certificate of clean criminal record from the country of origin and the country of residence (if it differs). o Residence in Cyprus: in all cases the applicant must hold a permanent, privately-owned residence in Cyprus, the purchased price of which must be at least 500,000 plus V.A.T. o To maintain the citizenship, investors must always keep in their possession a real estate property of minimum value 500,000 which will be declared as their permanent residence. Additionally: A Permanent Residency Permit will be issued prior to Naturalization which is expected to be issued within six months as from the date of the application. Parents of the investor can obtain the Cyprus Citizenship with the purchase of an additional permanent residence of minimum value of 500,000 (excl. VAT). 07
Permanent Residence Permit Any third country national can be granted Permanent Residence Permit (PRP) if certain criteria are met. Main criteria: o o o Purchase of privately owned residence with value amounting to no less than 300,000 plus V.A.T Proof of a secure annual income of at least 30,000 that is exclusively derived from abroad. This annual income should increase by 5,000 for every dependent person the investor has. Benefits: o PRP is granted indefinitely, but the Cyprus authorities might perform periodical checks for the purpose of assuring the residence remains under the ownership of the third country resident. o Holders of PRP may enter and leave the country whenever required without any restrictions. o A PRP would make a visa application to other EU countries less complex and much quicker. General information: o Both Citizenship by Investment and PRP are expedited procedures. o Prominent auditors and lawyers are thoroughly prepared to assist with more information on the subject and the necessary documentation. 08
Aphrodite Hills Resort The first fully integrated golf, leisure and real estate 5* resort in Cyprus. Located in the South West of Cyprus only 30 minutes from Limassol and 20 minutes from Paphos. Nestled within 234 hectares of beautiful, unspoiled countryside. Stylish and spacious units stand in carefully chosen locations that make the most of the spectacular views over the resort and the Mediterranean Sea. Consists of 435 villas, 127 junior villas and 338 apartments build with respect to the natural contours of the area. 09
Facilities Diagram 10
Aphrodite Hills Resort Services 5* Aphrodite Hills Resort Hotel Luxurious accommodation in 290 spacious guest rooms and suites. Fine dining combined with elegant bars and lounges. Superb function rooms able to accommodate all types of conferences and events. Aphrodite Hills Golf Designed by the acclaimed golf course architect Cabell B. Robinson. World class golf facilities including an impressive Club House, a lounge and a Golf Pro Shop. An 18-hole championship golf course of double ended 350 meter practice range with pitching and chipping green. The Retreat Spa An award winning spa with 27 luxurious treatment rooms, with calming sea views and contemporary design. Expert therapists provide beauty treatments and body therapies. Also available is a state of the art gym. Tennis and Football Academies Eight floodlit championship tennis courts are home to the Aphrodite Hills Tennis Academy. Facilities include coaching lessons, a relaxing bar and an on-site Pro Shop. The Dream Team Soccer School welcomes children of all ages to participate in a fun and educational experience. 11
Aphrodite Hills Resort Services The Village Square and other amenities A traditional village square is situated at the heart of the Resort offering a wonderful choice of restaurants, coffee shops and boutiques as well as useful services including a 24hrs ATM, a medical center, a supermarket and a car rental. Children have their own club with a plethora of exciting activities and playgrounds that will make their stay unforgettable. Nearby Aphrodite Hills are the luxurious Zias Beach Club, the relaxing Cove Beach and the Aphrodite s Riding Club with excellent horse-riding facilities. Property management Aphrodite Hills has a property management service available to all villa and apartment owners. A professional management team offers first class services such as garden and swimming pool maintenance, payment of bills, property cleaning and security services. Rentals Property owners have the opportunity to rent out their properties through Aphrodite Hills rentals. Through this unique service, property owners can achieve an attractive yield on their investment. 12
Why Invest In Aphrodite Hills Resort We are the only integrated golf resort with a unique set of amenities. Our geographical location has gained noteworthy value over the last 15 years. A value that will only increase in the future. We treat all investments with outmost respect, that is why: o o o o o We have a proven record of delivering on time and to the specifications of the investor. We promptly issued title deeds for all the completed villas, apartments and plots. Our residential sales have exceeded 350m in value and 750 in units. We offer rental services that increase the investment s return. We offer property management services that maintain the property at its best condition. We offer round the clock security and surveillance throughout the resort ensuring maximum safety. We facilitate and expedite all necessary procedures for the Citizenship by Investment and the Permanent Residence Permit programs through professional guidance. 13
Aeneas Grand Villas : Mediterranean Diamond of Aphrodite Hills The time is now. The place is Aphrodite Hills Resort. And the unparalleled opportunity is to own one of the eight luxurious villas to be built at this multi-award-winning, fully-integrated resort. Situated at a prime location inside the Aphrodite Hills within walking distance from the resort s facilities, with stunning sea views. Aeneas Grand Villas occupy an enviable location on elevated ground with uninterrupted, far-reaching views out to the blue Mediterranean Sea. Lavishly sized plots and beautifully landscaped gardens offer an uncommon degree of privacy and yet Aphrodite Hills outstanding golf, leisure, spa, restaurants and five-star Aphrodite Hills Hotel are on your doorstep. 14
Aeneas Grand Villas : Mediterranean Diamond of Aphrodite Hills It s the best of all worlds made even better by Aphrodite Hills uncompromising attention to detail. The eight Villas offer ultra-spacious accommodation with large comfortable living areas and openings that bring the stunning views inside and afford the perfect environment for Mediterranean living and gracious entertaining. Marble and parquet flooring, contemporary Italian style kitchens with granite worktops and marble bathrooms are complemented by those essentials for today s lifestyle from under floor heating provisions, concealed air conditioning units, a discreet security system, automatic garden irrigation and more. 15
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