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Legal information on buying property in Cyprus

Important Notes on the Cypriot Law relating to property purchase by aliens

Acquisition
Under the Immovable Property Acquisition (Aliens) Law Cap 109 no non-Cypriot can acquire immovable property without prior permission of the Council of Ministers. Such permission is required both on purchase of freehold and on leases exceeding 33 years. Normally permission is granted, after written application, to bona fide alien individuals to acquire a flat or house or a piece of land for the erection of a house not exceeding two donums.

 قبرس اروپایی, خرید ملک در قبرس اروپایی, خرید ملک در قبرس جنوبی, اخذ اقامت قبرس اروپایی, اخذ اقامت قبرس جنوبی, اخذ اقامت دائم قبرس اروپایی, اخذ اقامت دائم قبرس جنوبی, خرید ملک در قبرس لارناکا, خرید ملک در قبرس لیماسول, فروش ملک در قبرس اروپایی, فروش ملک در قبرس جنوبی, فروش ملک در قبرس لارناکا, فروش ملک در قبرس لیماسول, شرکت ساختمانی در قبرس, شرکت ساختمانی در قبرس جنوبی, شرکت ساختمانی در قبرس اروپایی, طراحی خانه در قبرس, طراحی خانه در قبرس اروپایی, طراحی خانه در قبرس جنوبی, طراحی ویلا در قبرس, طراحی ویلا در قبرس اروپایی, طراحی ویلا در قبرس جنوبی, زندگی در قبرس اروپایی, زندگی در قبرس جنوبی, شرایط مسکن در قبرس اروپایی, شرایط مسکن در قبرس جنوبی, قیمت مسکن در قبرس اروپایی, قیمت مسکن در قبرس جنوبی, قیمت خانه در قبرس اروپایی, قیمت خانه در قبرس جنوبی, قیمت ویلا در قبرس اروپایی, قیمت ویلا در قبرس جنوبی, خدمات مالی و حقوقی در قبرس اروپایی, خدمات مالی و حقوقی در قبرس جنوبی

Permission is usually granted for personal use and not for letting or commercial use. Commercial use is dealt with on an entirely different basis and a different set of criteria apply.

Disposition
Once permission is granted and the property registered in the name of the alien, there is no restriction on the alien selling the property or disposing of it by Will. Furthermore, no permission will be required for the legal heir to have the property transferred into his name.

Contract of sale and leases
Under the Cyprus Law such Law contracts must be in writing. It is also advisable that contracts of sale be deposited in the relevant District Lands Office within two months after the signing of the contract so that the purchaser’s right to pursue the remedy of specific performance in the event of breach can be protected. Leases exceeding 15 years can be registered and registration should be affected within 3 months of the signing of the lease.

The transfer of title deed can be affected once the Council of Ministers’ permission is obtained and the Central Bank of Cyprus confirms receipt of the foreign funds. Upon transfer of the property and registration in the purchaser’s name, the District Land Registry Office will charge Transfer Fees, which are based on the market value of the property at the time of purchase, and are calculated as of December 2011:

Property Value up to:
€85,430.07                                 3%
€85,430.08 – €170,860.14             5%
€170,860.15 – and over                 8%

The Stamp Duty is due at the time of signing the contract. The Stamp Duty is levied at the rate of €2.56 per €1,708.60 up to €170,860.14 and thereafter at the rate of €3.42 per €1,708.60.

The purchase contract must be stamped within 30 days of its dated signature; otherwise a fine will be imposed by the authorities.

The annual immovable property ownership tax imposed by the government is approximately €102.52 – €205.03 per year, depending on the value of the property. The Municipal authorities also levy an annual property tax at the rate of about €34.17 – €51.26 per year.

Other authorities may also impose a sewage tax of €34.17 – €68.34 depending of course on the value of the property.

Should the buyer decide to sell the property at a later date, Cyprus Law provides that the full amount paid for it in foreign exchange may be transferred abroad at the time of the re sale. The equivalent of the full purchase price and any increase in value of the property may be transferred immediately.

VAT Subsidy on Property Purchase
All new buildings contract VAT, currently stands at 17% as of March 2012, in Cyprus
An amount of VAT is subsidized to those who are purchasing or constructing their first permanent residence post VAT. Residences entitled to VAT refund are those which have received the building permit after 1 May 2004 (Cyprus E.U. accession).

All Cypriot and E.U. citizens are entitled to this refund as long as the property is a permanent residence and does not exceed 250sqm.

Applications can be found at our offices or at the Ministry of Finance and the following documents should be included in your claim:

Copy of Identity Car
Marriage Certificate (where applicable)
Copy of Town Planning permit or Building permit
Copy of application for Town Planning permit (where applicable)
Proof of purchase such as contract of sale, receipts, bank mortgage etc.
Any other documents proving that the property is a permanent residence such as electricity bill, water bill, phone bill etc.
Confirmation document signed by the Architect stating the exact square meters of the property

 قبرس اروپایی, خرید ملک در قبرس اروپایی, خرید ملک در قبرس جنوبی, اخذ اقامت قبرس اروپایی, اخذ اقامت قبرس جنوبی, اخذ اقامت دائم قبرس اروپایی, اخذ اقامت دائم قبرس جنوبی, خرید ملک در قبرس لارناکا, خرید ملک در قبرس لیماسول, فروش ملک در قبرس اروپایی, فروش ملک در قبرس جنوبی, فروش ملک در قبرس لارناکا, فروش ملک در قبرس لیماسول, شرکت ساختمانی در قبرس, شرکت ساختمانی در قبرس جنوبی, شرکت ساختمانی در قبرس اروپایی, طراحی خانه در قبرس, طراحی خانه در قبرس اروپایی, طراحی خانه در قبرس جنوبی, طراحی ویلا در قبرس, طراحی ویلا در قبرس اروپایی, طراحی ویلا در قبرس جنوبی, زندگی در قبرس اروپایی, زندگی در قبرس جنوبی, شرایط مسکن در قبرس اروپایی, شرایط مسکن در قبرس جنوبی, قیمت مسکن در قبرس اروپایی, قیمت مسکن در قبرس جنوبی, قیمت خانه در قبرس اروپایی, قیمت خانه در قبرس جنوبی, قیمت ویلا در قبرس اروپایی, قیمت ویلا در قبرس جنوبی, خدمات مالی و حقوقی در قبرس اروپایی, خدمات مالی و حقوقی در قبرس جنوبی

 

Transfer of title
Transfer can be affected once permission to acquire has been granted and the Central Bank has certified the import of foreign funds. Transfer fees are payable by the purchaser on the sale price of the current market value.

Example 1:
Transfer of the title deed for a real estate that was bought for €187,946, the purchaser will pay €8,201 in transfer fees in the following way:
€85,430 x 3%=    €2,562
€85,430 x 5%=    €4,271
€17,086 x 8%=    €1,367
€187,946             €8,201

Example 2:
If the real estate has been bought and transferred in the names of two people (e.g. spouses), then the purchase value of the real estate is divided in two parts and it involves reduced transfer fees.

At the transfer of title deed of a real estate that was bought for €187,946 and will be transferred in the name of two people, the purchasers will pay €5,980 in dues of transfer in the following way:

€170,860 x 3% =    €5,126 (€85,430 for each purchaser)
€17,086 x 5% =      €854 (€8,543 for each purchaser)
€187,946                €5,580

Stamp Duty
The purchaser is obliged to pay the stamp duty of 1.5% on the purchase price.

Example: 3
The stamp duty of a Contract of Sale for €187,946 will be €280. The contract should be stamped within a period of (30) days from the date of signing. Although the absence of stamps on the Contract does not necessarily render it invalid, the stamp duty should be paid before depositing the Contract of Sale in the Land Registry for the purpose of Specific Performance.

In order to avoid paying penalty the duly stamped Contract of Sale should be stamped deposited in the Land Registry within 30 days from signing.
Exchange Control.

With regard to the purchase of immovable property in Cyprus, Central Bank approval is required on the transfer of property to aliens. Such approval is granted if it can be approved by the applicant that funds for the purchase were imported from abroad. It is very important to note that without the approval, on a subsequent sale, permission to remit the proceeds out of Cyprus will not be allowed. However, on the sale of property, exportation of the purchase price will be allowed.

 قبرس اروپایی, خرید ملک در قبرس اروپایی, خرید ملک در قبرس جنوبی, اخذ اقامت قبرس اروپایی, اخذ اقامت قبرس جنوبی, اخذ اقامت دائم قبرس اروپایی, اخذ اقامت دائم قبرس جنوبی, خرید ملک در قبرس لارناکا, خرید ملک در قبرس لیماسول, فروش ملک در قبرس اروپایی, فروش ملک در قبرس جنوبی, فروش ملک در قبرس لارناکا, فروش ملک در قبرس لیماسول, شرکت ساختمانی در قبرس, شرکت ساختمانی در قبرس جنوبی, شرکت ساختمانی در قبرس اروپایی, طراحی خانه در قبرس, طراحی خانه در قبرس اروپایی, طراحی خانه در قبرس جنوبی, طراحی ویلا در قبرس, طراحی ویلا در قبرس اروپایی, طراحی ویلا در قبرس جنوبی, زندگی در قبرس اروپایی, زندگی در قبرس جنوبی, شرایط مسکن در قبرس اروپایی, شرایط مسکن در قبرس جنوبی, قیمت مسکن در قبرس اروپایی, قیمت مسکن در قبرس جنوبی, قیمت خانه در قبرس اروپایی, قیمت خانه در قبرس جنوبی, قیمت ویلا در قبرس اروپایی, قیمت ویلا در قبرس جنوبی, خدمات مالی و حقوقی در قبرس اروپایی, خدمات مالی و حقوقی در قبرس جنوبی



Capital Gains Tax
As from 1 August 1980 capital gains tax is levied at the rate of 20% on gains in excess of €17,117 arising from the disposal of immovable property by individuals.

Property Tax
Property tax of €3.40 per thousand of the market value of the property as at 1 January 1980 is payable annually. The first €171,174 is exempt.

Estate Duty
Estate Duty has been abolished in Cyprus.

Miscellaneous Expenses
Water rates and electricity charges are in accordance with the amount consumed.
Refuse collection charges vary according to the district and property and may be approximately €85 to €171 per year
Municipality of village rates are minimal and may be approximately €85 per year

In the case of a block of apartments or multiple developments, there is a common expenses charge payable by each purchaser relating to the expenses in maintaining the areas commonly used, e.g. lifts, staircases, swimming pool, central heating, and lighting.

This charge varies according to the type of property and the amenities provided and the purchaser should ascertain beforehand the approximate amount of such common charge from the developer before entering into any agreement.

Legal Note
It is important that profession legal advice should be obtained before entering into any agreement for the purchase of a property in Cyprus. In certain cases it may also be necessary to obtain professional architectural advice.

Mortgage Expenses
The expense of mortgage registration is one percent (1%) of the value of the guarantee, which is dictated by the Bank, plus the stamp duty.

Capital Gains Tax
The Capital Gains Tax is imposed with a coefficient of 20% on profits that result from disposal of immovable property in Cyprus. The tax is imposed on the profits following subtraction from the sales price of the purchase price, the transfer fees, the Land Registry fees (if any), bank fees and interest expenses, maintenance costs and all other expenses related to the property.

For profits less than €17,860.01, the capital gains tax is 0% for physical persons, for the first time.

Communal Expenses
The communal expenses usually are overwhelmed monthly or quarterly, beforehand, and vary between properties depending on the region and the type of real estate. They cover the expenses of the Registered Owner for the cleaning and maintenance of public spaces and gardens, the expenses of communal swimming-pools, the electricity in public spaces, expenses of management and repairs.
Inheritance Tax is not imposed in Cyprus

Personal effects, household goods and furniture can be imported duty free by immigrant retirees, provided they are for personal use and have been used for a reasonable period of time – approximately one year. Also, there is no duty on a car, and retired couples enjoy the additional concession of two duty free cars.

Retirees drawing a pension are exempt from withholding taxes at source, and may be taxed at the nominal rate of about 5% or less depending on income. Moreover, Cyprus has Double Taxation treaties with many European and other countries, safeguarding its residents from paying tax in both countries.

Temporary Residency in Cyprus

Introduction
As a general rule non Cypriots and their families can live in Cyprus as long as they are able to show income, generated from abroad, which is adequate to maintain the families for as long as they are living here.

The regime governing this is less strict than that for offshore companies and it offers a straightforward process for acquiring temporary residence permits in Cyprus.

Without belittling the process the wealthier the person in question the easier it is for them to live here as a temporary resident. It must be made clear that a temporary resident cannot, unless his status is officially changed, work in Cyprus.

Requirements
Ability to show income generated abroad; the income should be no less than €20,000 per annum plus rent or enough funds to purchase a property here. There may also be an additional financial requirement for families with large, say over three, number of children.

Obligation to set up a local disbursement account in Cyprus
The Law states that if a property is to be purchased then there has to be proof that foreign funds were used for the purchase. It is important to note that purchasing a property in Cyprus gives better grounds for allowing a family to settle here as temporary residents.

Once a decision is made to proceed with settling in the Country, it is advisable for an application to be filed with the immigration authorities prior to entry in Cyprus of the family. Certified copies of the passports will be required including three photographs of each family member. A bank reference for the major financial sponsor is always advisable, so it is vitally important to obtain it.

Bank statements showing proof of funds as well as an employment contract with a foreign company indicating the level of income enjoyed by the income owner is also very of importance to support the case.

There may also be a requirement for the family to be interviewed by the immigration authorities once the compilation of the case is near.

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One of the things that is great for tourists and friends in foreign countries, as well as in European and Southern Cyprus, is the cost of transportation and patrols in the cities. Using taxi, city and metro buses, in addition to the high cost, will waste time. Renting a car has many advantages, including losing time and reducing costs significantly. For this reason, we and our colleagues advise you to rent a car in Cyprus (South).


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One of the most important aspects of purchasing and investing on real estate in Cyprus is maintaining the property after the sale. Unfortunately that part of property management service has been largely missing in Cyprus; hence many potential investors were hesitant on committing large scale investment drive in Cyprus for many years.

Roxana Group Property Management Service is quite capable of looking after its clients all year round with the highest possible standard of delivery. We thoroughly maintain our client’s properties throughout the year thus providing complete peace of mind. Our highly experienced property management service team will ensure that the maintenance of all internal & external communal cleaning as well as the payment of all utilities and taxes bills are paid on time. In other words Roxana Group building management team will provide unparalleled quality management services for you and your investment no matter the number of undertakings.

Our Property Management Service’s fee will be only supported by the amount of rental income, normally between 10%-15% annually, of total revenues collected throughout the year on the property. This means that if your property happens to become vacant throughout the year and we couldn’t manage to rent it out then the costs of its maintenance fees will be paid by us!! This is a unique offer only undertaking by our Company in Cyprus.

This is why we are absolutely confident that we can take care of your properties and investments in Cyprus.

Roxana Group Property Management Service provides different contractual agreements for its clients, which are as follows:

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Standard Management Service – This is the service that only focuses on the internal & external of the property maintenance, including all sort of plumbing and electrical problems, so payments of utility bills and others such as are communal pool and garden are excluded from this service. This services costs 10% of total annual rental income.

Silver Management Service – This service comprises  all Standard Management Service including payments of all utility bills such as communal pool and garden, and also appliances. The cost of this service will be 13% of total annual rental income.

Golden Management Service – It comprises all  Standard & Sliver Management Services plus completing an accounting, but not auditing, of annual rental and expenses of the property. This service will cost 15% of total annual rental income.

Rental and Tenancy Agreements
Roxana Group provides customized Rental & Tenancy Agreement tailored towards individual needs. These agreements can be categorized as follows:

Weekly Rental Agreement – This is mainly designed for tourists and aims to provide better accommodations/services for them than local hotels. Tourists will feel comfortable with these accommodations. Most importantly our records show that tourists would be far financially better off than staying at the local hotels especially for families. Sufficient facilities would be provided for each accommodation, and overstaying could be arranged depending on the availability of course. All payments are paid in advance and one week deposit will be kept with the Management Team. This will be refunded to the customer in full once the management is fully satisfied that no damages had been caused by the customer.

Monthly Rental Agreement – This is principally designed for holiday makers who wish to stay longer than a week using our rental accommodation. The rates for this agreement tend to be cheaper than the  weekly one. For this service the customer will be required to pay one month in full in advance plus one month deposit.

Long-Term Rental Agreement – This service is designed for those holiday makers who wish to stay more than one month in the accommodation. Depending on the length of the stay the contract rates can be negotiated and most certainly would become far cheaper for the tenant. This is by far the most attractive option for long-term holiday makers than staying in the local hotels or even Bed & Breakfast hotels. The same procedure will be applied for collecting and depositing the rent with one exception that if 3 months contract is signed only one month deposit will be required.

Annual Rental Agreement – This is designed for local and even individuals who plan to stay in Cyprus for 12 months. The contract will be signed for 12 months and two months deposit will be required by the tenant.If the same customer renew the contract for another 12 months up to 10% reduction would be made on the rental.

Our Property Management services options include the followings:

Cleaning the communal areas stairs, landings, lobby areas, elevator, parking, communal toilets & changing rooms, all communal areas internally & externally
Garden Maintenance
Pool Maintenance (where applicable)
General maintenance including repairs & refurbishing of Communal areas
Lift maintenance
Providing Fire & Build as well as Public Liability Insurance for the Communal areas
Providing personal apartment insurance upon request (this will be charged separately to the client)
Payment of Communal utility bills, including electric bills, water bills, maintenance bills etc
Administration of project accounts & statements
Collecting  Communal fees
Key holders of the property
Point of contact for tenant & landlord
Liaison with technicians for any repairs or maintenance work that needs to be carried out

The process of Renting out your property with us
Roxana Group will ensure all the legal issues in relation to this service are carefully handled by our company’s highly experienced lawyers

First Step: We must obtain your full authorization agreement with you at this stage regarding the property. Our company’s lawyers will complete this process ensuring all legal issues are addressed for the benefits of both parties. Further, all services can be customized in accordance with the requirements of the client.

Second Step: after completing the first stage the property will be listed on our website.  The potential tenant(s) will then be accompanied by a member of our Property Management Service Team to the property for viewing after completing the initial investigation of the potential tenant.  As soon as the terms and conditions are agreed then the legal documentations will be prepared by our Company’s legal team.

Third Step:  at this stage our Property Management Team will endeavor to collect weekly/monthly rental payments from the tenants. After deducting all the expenses the remaining incomes will be either be kept with us or will be transferred to the landlord’s account.
Final inspection will be carried out once the property is vacated by the tenant and the landlord will be promptly informed of the status of the property.

As part of our professional commitments we can also provide the following services:

Refurbishing & Repairs
We fully appreciate the difficulties our clients might encounter by investing in far away countries, so we intend to mitigate these risks thus enhance all possibilities in order to protect their properties. One of these services is related to Refurbishment and Repairs of the property ensuring its quality is thoroughly maintained throughout the year. If these services would be required by our clients our highly experienced interior designers, decorators and technicians are ready to assist. We will undertake the entire project once all the detail agreed, and full project management will be provided after completing the task.

Furniture & Appliances Replacement
As part of our complete service we provide furniture and appliances replacement even at the customized level. Our highly experienced interior designer, decorator and technicians will undertake the responsibility of submitting a detailed plan to the client, and overseeing the entire project.

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Sales & Property Development

Property market makes a significant contribution to the Cypriot Construction Industry. However, any property development can naturally carry out some embedded risks, principally throughout the property development process namely poor designing, lack of quality control and most importantly location.

At Roxana Group we look at all aspects of property investment risks. This includes the risk-reduction effects of property in a portfolio, portfolio risk reduction via property diversification, risk premiums for property sectors and the impact of valuation-smoothing on property risk.

As a result, over the past decade Roxana Group established itself as one of the most reliable, and trusted Real Estate Developer in the Country. Our reputation to design and develop high quality properties at all levels and sizes made us as a household name in some countries.

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Our clients know they can entrust us with their property investment purchases and portfolios and they also fully aware our quality control management team will never compromise on our stringent building standards.

That is why the vast majority of our clients have been happy to refer us to potential buyers/investors over many years. We are simply proud of this fact and intend to preserve it and flourish it all the time.

The residential and commercial development markets have never been so competitive for many years. Although this is widely seen as “buyers’ market”, developers wouldn’t need to be told that the buyers are looking for premium quality. High prices are making buyers much more demanding, and every selling point is valuable under current market circumstances. Interestingly, one of the simpler, but more effective selling points is long-term investment sustainability in the thoughts of property investors. At Roxana Group we fully appreciate that factor.

That is why all our developments must meet stringent Roxana Group’s architectural, interior designs and standards. These standards are stipulated within our Constitutional Working Practice; hence we endeavor to keep and enhance them at all time.

Roxana Group’s minimum standard building requirements could be summarized as follows:

Architectural and Interior designs – we do believe that two most important aspects of architectural designs in modern history are its impacts on human society, and environment. Architects have a great responsibility in designing long lasting structures that create positive images, reactions and changes, from a few people to a whole city/community.

Location – Having a proven architectural and modern style designs are not the only factors considering investing on real estate development. Locations could also play a significant part in determining where to invest your capital. At Roxana Group we will only deal with property investment developments where all three factors are met. Before taking our final decision on any project we normally take a holistic approach encompassing all factors including physically security of an investment property development.

Community – Roxana Group is proud of itself, and records that whenever a new property development is going through the finalizing process the needs and aspirations of local community would also play an important role in any investment decision. We closely work with the communities and their elders ensuring their rights and environments are fully protected. Roxana Group is effectively an environmental and community based property investment developer, as sustainability also plays in the heart of our decision-making process.

Renovation – Roxana Group can undertake all sorts of renovation projects on residential and commercial properties. This would include full interior redesigning, replacement of all old appliances, replacement of all plumbing, electrical wiring fixtures, and outdoor equipment.

We will complete all projects on time and within budget. In the event if we were behind the agreed schedules, in terms of deadlines and materials, we will take the full responsibility of compensating the client.

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Residential & Commercial Property Development Projects

Roxana Group primarily is a Residential Sales and Property Development Company nevertheless it has been able to actively participate with few commercial projects over the years thus gained considerable knowledge and expertise.

We are now ready to significantly expand into Commercial Property Market in Cyprus, and also some of the nearby neighboring countries.

This is principally because over the years we successfully managed to increase our network of suppliers and partners. As a result, we are ready to provide high quality commercial developments and services to our clients.

We are effectively replicating our success on real estate gained over many years thus very confident we will become one of the major commercial property developments within few years in Cyprus.

Sales and Property Development Team at Roxana Group is delighted to offer the following property investment options and services to the clients.

Single Buyer – As always we are ready to provide unparalleled products and services for our single buyers with the options of Apartments, including Studio Flats, Houses and Villas in our stock anywhere in Cyprus.

Individual Investor – This route principally designed for those long-term investors who want to have maximum capital and investment exposure to the Cypriot Property Market. Roxana Group will create an Investment Property Portfolio for the client with variety real estates in one or different locations. We will produce a long-term strategy investment plan for the client ensuring the viability and sustainability of the future investment.

This will be a multifaceted strategy and could include the following investment options:

Roxana Group Partnership Plan – This is a long-term investment strategy premeditated to support the client’s business objectives with us. The client will become a member of Roxana Group Partnership Plan with gaining access to some of the most important financial and investment networks at the local Market. This business partnership can also be expanded outside Cyprus connecting the client with some of Roxana Group’s Global Partners and Networks.

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There are two major routes for the client to get involved with the process:

The client will provide 100% financial support of the total cost of a project, and Roxana Group will complete the construction of it within agreed terms and conditions. After returning the capital investment of the investor within an agreed period the remaining profit will be divided equally between the partners.
The client and Roxana Group will financially support a project based on equal share and costs, but the total construction costs of it will be fully paid from the accumulated capital. After returning all the initial capital investments to the partners the remaining profit will be divided on equal shares.

Roxana Group Partnership Network Plan – This is a collective investment strategy that involves between various jointed investors to be facilitated by Roxana Group. Under this long-term investment strategy we will invite prospective investors to negotiate amongst themselves the financial aspects thus agreements of a project then Roxana Group will fully undertake to deliver it.

The Roxana Group will take 25% Management Fees of the total investment share, and will deliver the project on time and with in budget.

These investment schemes can be customized on two distinctive investment opportunity routes:

•    Real Estate (Residential) – Houses, Apartment Complex, and Villas etc
•    Commercial – Shopping (Malls) Centers, Office Units, Business Units etc

Our highly experienced architectural teams, developers, project managers, quality control managers and engineers will ensure every single project is completed on time and with in budget in accordance with the contract.

Our highly experienced legal team will make certain that all investment opportunity projects will meet national and international regulations.

The Investment Opportunity Process

If you are inspired to work with us on any aspect of these investment opportunities, please do not hesitate to directly contact our company’s Managing Directors via our office numbers.

There is a simple course of action involved with this process, which is as follows:

You will contact one of our Managing Directors via our office contact numbers;
The initial consultation will take place over the phone in complete privacy;
We will cordially invite you to visit us at our office. We will then go through all aspects of your investment objectives with our architects, project manager, finance and legal teams ensuring all your questions are properly answered. If there is anything outstanding then we will provide you with further clarifications in due course.
After our initial agreement with you, we will then commence conducting a visibility study on the project within our Group. We will notify you of the findings as soon as they become available. You will have sufficient time to perusal the findings and with the possibility of attaching some recommendations ascertaining the final investment objectives of the project.
At this stage we arrange a series of meetings between our development teams and your project advisers in order to reach a final conclusion.
In the next stage our legal teams will complete all legal aspects of the agreement between the parties; hence setting up a date for the starting point.

All development investment projects will comprise from the following stages:
•    Start (Initial progress within few months)
•    Milestone (Progression at middle of the Project)
•    Completion (Delivery time (Closing Date) – End Project)

The Investor(s) will be notifying of the progression on the project at the end of each stage.

As always we are happy to discuss any aspects of our client’s property investment strategy at any stage in details. So, for more information please do not hesitate to contact us.

Meanwhile, please do feel free to surf our existing Properties for Sale so if you have got any inquiries get in touch.

Remember we are here to serve you!!

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Contact us
Tel : +357 24811888
WhatsApp: +357 99659633
Mobile : 09121446507
Email : info@roxanapars.com.cy
Our Location: Arch. Makariou 94, Demelza Court, Office 1-2 Larnaca Cyprus
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Roxana Pars construction company with 15 years of brilliant experience in designing, building housing, and obtaining permanent residence with the help of well-qualified lawyers has provided all services, such as investment, house purchase, residential property, commercial residences and permanent residence in Cyprus

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