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Cyprus Russian Business: “Don’t be afraid of high-rises”

By | cip, Cyprus, Investment, Latest Posts

Начать разговор с темы высотного строительства было вполне логично, ведь Яннис Мисирлис сейчас строит один из самых необычных небоскрёбов Кипра. Его экспертное мнение имеет немалый вес, потому что под брендом Imperio уже построены десятки жилых домов и несколько крупных офисных центров. Впрочем, Яннис не ограничился темой строительства и поделился своим видением касательно будущего Лимассола и всего острова. Например, наш собеседник предложил рассмотреть возможность превращения Кипра в центр авиаиндустрии: для этого можно и нужно использовать успешный опыт работы шипингового сектора.

– В последнее время высотное строительство в Лимассоле подвергается резкой критике. Основные вопросы – отсутствие генерального плана Лимассола, сомнительная эстетика высоток и блокирование ими вида на море для остальных домов, которые из-за этого теряют в стоимости. Каково ваше мнение на этот счёт?

– Высотки не могут портить внешний вид города, они – его неотъемлемая часть. Вспомним Нью-Йорк, Лондон или Чикаго – их ландшафт является символом делового мира. Лимассол, конечно, не сможет стать вторым Манхэттеном или Дубаем: в ближайшие несколько лет мы увидим законченными не более десяти высотных зданий.

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mondrian, mondrianresidences, limassol, cyprus, cyprusproperties, limassol, limassolresidneces

Jasmine Residences

By | Investment, Latest Posts, Mondrian Residences, Properties

Living at Jasmine Residences offers a unique and pleasurable experience to all the residents. The signature interiors by Imperio bring a warm yet contemporary design edge to the project, transforming the residences into sophisticated, art-filled homes maximising the internal floor space and the abundant, natural light. All the rooms co-exist and complement each other, creating exceptional living areas that are perfect for relaxation and ease.

Occupancy: 04/2020

See Project

Bloomberg: Cyprus has become a gateway to Europe

By | cip, Cyprus, Investment, Latest Posts

Assets under management up 29% in first quarter to record high

Drawn by its location — straddling the regions of Europe, the Middle East and North Africa and with access to Eastern Europe, Russia and former Soviet republics — flexible legislation and lower costs, Asian funds are using Cyprus for their single European Union passport for investment across the bloc.

“There is an increasing trend for funds from countries who traditionally didn’t have strong economic ties with Cyprus such as China, India and even Japan, to establish a base in the country as their gateway to the EU,” Andreas Yiasemides, Vice President of the Cyprus Investment Funds Association, said in an interview in Nicosia.

The number of investment funds and assets under management have hit record highs, according to the Central Bank of Cyprus. At the end of March the number of funds rose to 123 from 110 at end December. Total assets under management rose by about 29 percent to 4.45 billion euros ($5.24 billion) from 3.45 billion euros. In Dec., 2008 there were 55 funds with 1.23 billion euros in assets under management.

 

Investment funds are increasingly attracted to the island

Interest for the setup and authorization by the Cyprus Securities and Exchange Commission of alternative investment funds runs strong, its Chairwoman Demetra Kalogerou said.
“There are 60 applications at this moment for different fund structures,” she said. “Of these, 44 have been pre-approved, subject to fulfilling certain conditions.”

 

Flexible legislation

While Cyprus’s existing funds framework legislation applies EU directives and regulations, the country is introducing additional changes to make the island even more attractive for investors and fund and asset managers to register and manage funds, said Marios Tannousis, Board Member and Secretary of CIFA.
These include legislation that will enable investors to know from the beginning the tax regime applied to the different types of funds, a fast-track procedure for launching so-called registered alternate investment funds and the establishment of a new category of investment managers known as mini-managers who will be licensed to operate below current alternative investment fund manager thresholds, he said.

Cypriot legislation for establishing funds is much more flexible than elsewhere in Europe, but investors remain well protected, Yiasemides said. Costs in Cyprus are much lower than elsewhere in the EU and that is very important for small and medium-sized fund managers that Cyprus is seeking to lure. “We can’t become Luxembourg from day one and so we aim to attract funds that take cost into account,” he said.

 

Domestic investment

A physical presence in Cyprus also means funds contribute to the country’s domestic economy, renting or buying offices and paying fees to the state. They can carry out investments, especially in real estate, Yiasemides said.

Kylin Prime Fund, a Sino-European manager, established the Kylinprime Investment Fund in Cyprus as an alternative investment fund for the island’s assets. It invests in real estate, land development and infrastructure projects in Cyprus, financial assets of Cypriot companies or Cypriot organizations, such as bonds, bills issued with Cysec approval, according to its website. It is also one of the very few funds authorized to raise capital under the Cyprus citizenship by investment program, the company says.

“We are receiving inquiries for domiciling funds in Cyprus from China and India, but also from the Middle East and Europe including from Switzerland, Italy, Greece and Germany,” Tannousis said. “There is also some interest from U.K. funds managers to have back up funds in the country as their EU base, ” he said.

— With assistance by Vassilis Karamanis

Source: Bloomberg

imperioproperties, pantheonhillresidences, pantheon, cyprusproperties

Pantheon Hill Residences: Enjoy Every Moment

By | Cyprus, Investment, Latest Posts, Pantheon Hill Residences

When a home brings an unmistakably contemporary edge to uptown living on the hills of Panthea in Limassol you should reset your expectations and live at Pantheon Hill Residences. The interior design itself is paired with high-end finishes to offer residents every convenience along with a host of brilliantly contemporary luxuries.

Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.

#CreatingMemories

 

theicon, limassolicon, imperioproperties, cyprusproperties, luxuryliving

The Icon: the joy of high-rise living

By | cip, Cyprus, Investment, Latest Posts, Uncategorized

54 immaculately designed residences are delivered fully finished with inspired interiors and outdoor living spaces designed by Imperio’s award-winning team.

All of these unique residences were designed to gracefully frame views of the city of Limassol, the coastline and the sky offering an effortless sense of ease and relaxation.

Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.

#CreatingMemories

Visit The Icon for more information.

Cyprus outperforms Germany and the UK in anti-money laundering supervision, according to recent report

By | Cyprus

Earlier this year, Transparency International published a report called “Top Secret Countries Keep Financial Crime Fighting Data to Themselves”.

Transparency International studied 12 jurisdictions including Cyprus and big centres like Germany, Luxembourg, the Netherlands, UK and the US. It looked at data released in a range of different areas. The report is based on information available up to January 2017.

The report found that: “Cyprus disclosed the most complete set of anti-money laundering data among the 12 analysed countries, with information available for 14 out of the 20 indicators.” As for anti-money-laundering (AML) supervision, Transparency International said: “Cyprus and France presented the most complete data sets, covering aspects of monitoring, regulatory breaches and sanctions. No relevant data for the UK were found.”

Click here for the full report:
https://www.transparency.org/whatwedo/publication/7664

Cyprus ranks list of world’s most powerful passports

By | cip

A strong passport is a powerful thing when it comes to seamless international travelling, allowing its holder to move across borders without dealing with the nightmarish bureaucracy of a visa application.

According to recent studies, which rank the world’s most powerful passports, Cyprus travel documents were cited as among the most powerful in the world, with Cyprus passport holders being able to travel to over 140 counties without visa.

In order to come up with the rankings, the studies use a weighted approach that considers five factors: visa-free travel, taxation, perception, dual citizenship and overall freedom. And while Cyprus’ main advantages are the speed of approval, its membership in the EU and the visa-free agreements with a number of third-world countries, it is one of the most sought after destinations for investors seeking to establish their business, due to the low tax jurisdiction, or looking for a holiday home or a permanent residence to one of the safest countries in the world.
Asked about the findings of these recent studies, Yiannis Misirlis, Director at Imperio said, “the fact that Cyprus has improved its ranking as one of the most desirable passports among High-Net Worth Individuals is great news. This has a direct reflection on the economy, and the property market in particular. The economic prosperity of the country (especially the come-back of the economy since the 2013 banking crisis) and the political stability are two of the most important factors of the desirability of the Cypriot passport. Our country can further improve its already excellent ranking by negotiating a visa-free policy with countries such as the U.S, Russia, India and China. This should make the Cyprus citizenship programme unbeatable”.

Limassol Marathon 2017

By | limassolbranding

Limassol Marathon GSO is the largest sports event in Cyprus and its stunning natural location is instantly impressive. With a flat, fast and straight course stretching 21km along Cyprus’ beautiful Mediterranean coastline, and a maximum altitude of 18m, runners have a real chance of achieving a PB as they enjoy the spectacular views and refreshing sea breeze. Early spring warmth, ancient ruins and delicious, healthy food complete the setting.

The Limassol Marathon GSO is quite unique in that it offers a number of different races on race day. In addition to the full marathon, there is a Half Marathon, a 10K Energy Race, a 5K City Race, a 5K Corporate Team Race and a 1K Kids Race. Together these races offer a complete sporting experience for all ages and abilities, which is very much embraced by the thousands of participants and spectators who come to the start line to cheer the participants on. Overseas visitors can expect a friendly and celebratory atmosphere in a beautiful seaside location, as well as the highest international running standards.

limassol-tourism-board

The Limassol Tourism Board is the official tourism body for the Limassol region. We specialize in promoting Limassol and its further development in terms of tourism infrastructure.

 

health-and-beauty-expoHEALTH & BEAUTY EXPO / FORUM 2017
March 4-5

Are you looking for natural handmade cosmetics made in Cyprus based on ancient recipes to very affordable prices? Made exclusively in Cyprus they consist of primarily domestic raw material and therefore perfect to protect your beauty from the harmful consequences of the modern way of life and the environment. The pure Cypriot nature is their basis, and manufactures are always looking for new raw material with amazing properties for the skin, all over the world, combining ingredients such as beeswax, herbs, rose petals, extra virgin olive oil, cocoa, coconut oil, Natural Hyaluronic, Jojoba Oil and many more.
Natural cosmetics made in Cyprus and many more you can find at the Health & Beauty Expo, 4&5 March at the Carob Mill, castle area of Limassol. For more info please call 25 590530, 99 715085 and visit Facebook page Health-Beauty-Expo/Forum

river-webPANO PLATRES
30 minutes’ drive from Limassol

Perhaps the most attractive mountain resort in Cyprus, Pano Platres village, is blessed with a wooded environment, colonial houses, beautiful views, proximity to waterfalls, monasteries, walking trails, etc. and approximately 10 minutes away from Troodos square and 30 minutes from Limassol.
Don’t miss out on visiting a jewel of the Limassol countryside!

Bookmark-March2017UNESCO CHAIR IN BIOETHICS 12th WORLD CONFERENCE BIOETHICS, MEDICAL ETHICS & HEALTH LAW 2017, March 21-23 Cyprus

Limassol will soon host an extraordinary event: the XII UNESCO-Haifa Chair in Bioethics World Conference that will take place on March, 21-23 at St. Raphael Hotel & Resort Congress Centre.
Almost 500 speakers coming from more than 70 Countries of the 5 Continents will give their contribution during 9 parallel sessions that will be daily held for three days concerning the following issues:
Bioethics general • Health Law and Ethics • Forensic Medicine Ethics • Dentistry, Law and Ethics • Nursing, Law and Ethics • Clinical Trials •Confidentiality • Discrimination • End of Life • Equality • Ethics and Immigration • Ethics and Disabilities • Ethics and Speech and Language Therapy Ethics • Ethics Committees • Ethics Education: Tools and Methods • Youth Bioethics Education • Forensic Medicine • Genetics: Ethical Aspects • Human Dignity • Human Rights • Medical Negligence • Medical Research • Mental Disorders • Organ Transplantation • Reproduction • Assisted Suicide

High qualified professionals in the field of medicine and health law and experts in bioethics from all over the world will meet in Cyprus for this special occasion of debate, sharing their ideas and exchanging their opinions. Forensic doctors, surgeons, psychiatrists, child psychiatrists, odontologists, biologists, geneticists, legal experts, psychologists, philosophers, teachers as well as educators, nurses, speech therapists, physiotherapists, and operators belonging to multiple different fields will take part to this Conference, giving their original contribution and taking their personal experience.
Moreover, in this particular occasion, the President of the Conference, Professor Amnon Carmi, Holder of the UNESCO-Haifa Chair in Bioethics, will call the 144 Heads of the Chair’s Units for their world annualmeeting. The Units were established in the following Countries of the 5 Continents:

Albania, Argentina, Armenia, Australia, Azerbaijan, Belgium, Bosnia Herzegovina, Brazil, Bulgaria, Cameroon, China, Colombia, Cyprus, Croatia, Czech Republic, Denmark, Fiji, Finland, France, Ghana, Germany, Greece, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Kazakhstan, Kenia, Kosovo, Latvia, Lithuania, Macedonia, Malaysia, Malawi, Mexico, Montenegro, Moldova, Nepal, Nigeria,Netherland, Norway, Pakistan, Philippines, Poland, Portugal, Romania, Russia, Serbia, Slovenia, South Africa, Spain, Sri Lanka, Sudan, Sweden, Taiwan, Turkey, Uganda, United Kingdom, United States of America, Ukraine, Venezuela, Vietnam

Cyprus – a Top 10 destination

By | Uncategorized

We would like to take the chance and wish you a joyful, healthy, prosperous and happiest new year ahead!

CYPRUS jumped ten places to number eight in the November 2016 edition of the ‘Top of the Props’ published by the property portal TheMoveChannel.com, accounting for 1.62% of on-line searches on the property portal.

Commenting on the performance of Cyprus TheMoveChannel.com Director Dan Johnson noted that “Cyprus has now been inside the Top 20 most popular destinations on TheMoveChannel.com for 10 months in a row. In real terms, enquiries for the island’s real estate have varied on a month-by-month basis throughout 2016, but rose 20 per cent in Q2 compared to Q1 2016 and increased 8 per cent in the three months to November compared to the previous three months. Will they keep climbing as we enter 2017?” The future is bright for Cyprus.

Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.

Cyprus continues to impress

By | Creating Memories

The Boston Consulting Group has released the 2016 Sustainable Economic Development Assessment report where the Cypriot economy is considered to be entering an upside trend. According to the study, Cyprus has significantly improved its key economic, investment and sustainability factors, placing the country as one of the top performers in terms of converting wealth into well-being. The growth prospects for the year to come are expected to surpass 3%, where expectations are further strengthened by the country’s recent departure from the Troika Program in April this year.

This positive outlook on the Cypriot economy has sent a strong message to the global markets and has resulted in an increased interest from foreign investors. Maintaining one of the most favorable legal and tax systems in the EU, the country has managed to attract a number of foreign financial companies and large investment funds. The ever growing uncertainty caused by the recent Brexit vote is contributing to the momentum that Cyprus is gaining, underlining its stable economic climate and predictable business environment.

As a result of the above improvements, the property values for the local market have been steadily rising, mostly thanks to foreign demand in luxury residential and commercial properties, especially in Limassol. An underlying factor in this rise is the Citizenship by Investment Program which has by now established itself as the quickest and most exclusive program in the industry. For 2015 only, Cyprus has managed to raise more than €1.1 billion in foreign direct investment. A great portion of these funds has been allocated to real estate investments.

As the Cyprus University has recently estimated, the local economic climate indicators have returned to their 2008 pre-crisis levels. The Government’s efforts to further the exploration of blocks in the South Eastern Mediterranean and the presence of global giants such as Exxon-Mobil, Total and ENI are only one more reason to believe that the upside trend will hold in the medium to long run.

Cyprus is certainly regaining its reputation for sound economic management, and with the raise of instability and uncertainty in the EU and the rest of the world, it is looking at a golden opportunity of establishing itself as a safe haven, attracting investments from Europe, Russia and the Middle East.

Source: Arton Capital