INVEST - Cyprus
Cyprus has been rated for one of the 5 top countries for overseas investment. This is mainly for the following reasons:
- Introduction of the Euro currency (2008). Borrowing rates will fall from the current 6.5% to 4.5%. As a result, financing investments will be cheaper, and therefore investors will have higher budgets.
- Expected increased cost of land. (VAT of 15% to be added to the acquisistion cost - 2008)
Exceptional growth is expected in Larnaca, as this area has remained as the only undeveloped town in Cyprus. The following plans for Larnaca are being enforced:
- Development of the new Larnaca Infrastructure.
- Expansion of the International Airport.
- Expansion of the Larnaca Yacht Marina n
- Development of the new 18-hole golf course.
- Re-location of oil refinery from Larnaca Bay and to develop the tourist area.
Investment Package:
A carefully designed investment package has been designed in order to meet any investors requirements, which are to acquire a property in a growing market with very little efforts to manage it.
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