Waterside Cyprus Developers

Physical Investment Proposal, Facts and Figures

NOTE: Currency is shown in Cyprus Pounds, as of the 1st January 08, Cyprus officially adopted the (€) euro, please use the figures below as a guide, correct figures will be available as soon as they are published. Mortgage Facilities: 20% deposit 80% mortgage  5 years interest only on completion  35 year term  0.5% discount off the arrangement fee  0.5% discount off the interest rate Mortgages offered OPTION 1 First 5 years – monthly interest payments only, subsequent 5 years normal monthly installments, remaining years – monthly installments increased to cover repayment of capital postponed from first 5 years OPTION 2 Grace Period. Repayment commences 1 month after the completion of the property with a maximum grace period of 2 years from the granting of the loan, whichever occurs first. During the grace period interest will be capitalized and will be covered by loan installments. Maturity loan is 70 years old. Example: Property price €100,000, Deposit of €20,000 on exchange of contracts  Property delivered in 3 years in a market growing at 10% pa Value after 3 years €133,100 then sell for a profit before tax and costs of €33,100 Estimated return on Investment = 160% Tax Minimisation Our lawyer, can advise on setting up a Cypriot limited company to take advantage of the extremely favourable 10% Corporation Tax, thus allowing more of your profits to be re-invested. For further information or advice please do not hesitate in Contacting us .