We welcome each client like an old friend, design and build a house in accurate accordance with wishes and needs of a customer.
We consider ourselves more than just developers and builders. Our aim is to reflect your way of living, for we want to remain your special neighbours for a long time.
Requirements and Conditions
1. Investment/Financial Criteria:
(a)The applicant shall submit a statement from a Cyprus financial institution showing that an amount of at least €30.000 EUR has been deposited in a reserve account, for a period of at least three years. This amount must show that it was transferred from abroad.
(b)The applicant and spouse are able to demonstrate that they have at their disposal a secured annual income of at least €30.000 increased by €5.000 for each dependent (including the spouse). This income may come from wages, work, pensions, share dividends, fixed deposits, rents etc. from abroad.
(c)The applicant shall submit with the application a title deed or purchase contract in its and/or its spouse name, filed at the Department of Lands and Surveys, for a residential or other building, of a market value of at least €300.000 (excluding VAT) and official proof of payment of at least €200.000 (excluding VAT), regardless of the delivery date of the house. Provided that the remaining value of the house will be paid from foreign funds into an account at a financial institution in Cyprus.
In case of a couple, this condition will apply for both of them, in the sense that the couple will not be allowed to acquire more than two units totally.
The above amounts should be shown to originate from abroad.
Note that the house purchase will be accepted even when made in the name of the Company and not in the name of the applicant, provided that the Company is registered in the name of the applicant and/or the name of applicant and his spouse and he/they are the sole shareholders
Provided that if the shareholder is another legal person, it should be demonstrated that the sole shareholder of such legal person is the applicant and/or applicant and spouse.
(d)For purposes of this policy, the applicant may buy up to two housing units (apartments or houses), or a housing unit and a store with an area of 100 sq.m., or a housing unit and an office with an area of 250 sq.m., given that the total market value meets the provisions of paragraph (c) above.
The said sale must be for unit(s) sold by a development company to a buyer for the first time. From 07.05.2013, for the purposes of this policy, applications concerning resales of homes will not be accepted.
Note that purchase agreement documents for home resales deposited in the Land Registry before 7.5.2013 (date of deposit of purchase agreement will be confirmed by the Lands and Surveys Department) will be accepted for purposes of this policy.
Provided that the houses/apartments can be independent of each other, but both must be sold by the same company.
(e)The Immigration Permit issued to an applicant cover his spouse and children under the age of 18. Unmarried children aged between 18 and 25, who may prove that they are students or undergraduates and are financially dependent on the applicant, may submit a separate application to obtain an Immigration Permit. In such a case, the father or mother and/or both parents together must present an additional annual income of €5.000 for every such dependent child.
The said permit is still valid even if the holder has exceeded the age of 25 years old.
(f) Immigration permit may be issued to the applicant’s children over 18 years of age not financially dependent on the applicant, provided that for each of these children there is attributable market value of the acquired property of at least €300.000 (excluding VAT) as described in paragraph (c) above (i.e. if the(a)applicant has a financially independent child aged 30 and wishes to obtain an immigration permit, he should buy a house total market value of €600.000, if he has two adult children, financially independent, must buy home value of €900.000 etc).
In such cases, a certificate of payment of at least 66% of the market value of the home must be submitted along with the application (i.e an amount of €400.000 for a home of a residential market value of €600.000) and each child will submit with its application all required documents (i.e. secured annual income of €30.000, deposit in a financial institution in Cyprus of an amount of €30.000 which will remain blocked for three years).
Andreas Georgiou Property Developers is committed to assisting clients throughout the entire procedure and has prep specific property proposals, aimed at making the clients’ property search and purchase more efficient.
AG Property Developers in Hangzhou - Shanghai /China - P.R & Passport Presentation 2015.
AG Property Developers in Abu Dhabi /UAE - Property Exhibition 2014.
AG Property Developers in Hangzhou - Shanghai /China - P.R & Passport Presentation 2014.
AG Property Developers in Shanghai/China - Property Exhibition 2014.
AG Property Developers in Guangzhou/China - Property Exhibition 2013.