Plot 791 by LaTerseRealty

Investment teaser

GRIVA DIGENI PROJECT “A unique investment opportunity” February, 2016

Contents

1. Why Cyprus?

2. Project Description

3. Why invest in this project

APPENDIX A. Citizenship Requirements: Details

1 Why Cyprus? Highlights

> > > > > > > >

Member of EU with the Euro as official currency 300 days of sunshine with an average annual temperature of circa 20 oC Clean air and the cleanest bathing waters in Europe Both, blue flag beaches and mountain forests, within a horse drive A charismatic region in the winter and the warmth & beauty of the summer combined Low crime rate Excellent British education (30% of students are foreign) Excellent healthcare system

> > > > > > > >

Relatively low cost & high standard of living Highly qualified & multilingual workforce (English widely spoken) Sophisticated, high quality financial professional services and support Efficient British-based legal system Multi-cultural environment with a strong British, Russian and growing Chinese community Appealing business & investment environment: Wide choice of financial and legal services Excellent investment potential, real estate prices are low making it a great time to invest

> > >

Investors seeking strong, long term returns, regard investment property in Cyprus as a mature market and sound investment area in which to expand their property portfolios. Cyprus allows dual citizenship and has no residency requirement The World Bank’s Doing Business Report 2014 ranked Cyprus 39th out of 189 economies and 16th out of EU28 for the ‘Ease of Doing Business’ ranking Largest Natural Gas find in the Mediterranean worth Trillions of Euro

1 Why Cyprus? Strategic Position

Unlimited untapped opportunities: Attracting countless commercial endeavors

Vital gateway to Europe, the Middle East, Africa and Asia

Cyprus is the only European Union Member geographically in Asia & the Middle East

At the crossroads of three continental zones in the Eastern Mediterranean Copyright ÂŠ Delfi Partners & Co. 2016

Pivotal business hub: Supporting essential partnerships

Excellent diplomatic relationships with both the West & East 4

1 Why Cyprus? Taxation Regime Extensive double taxation treaty network with over 48 countries worldwide No withholding tax on almost all royalties No capital gains on profits from the sale of shares, securities, bonds and units No tax on foreign dividends and interest received No thin capitalisation rules Cyprus IP tax regime can be utilised to achieve an effective tax rate of low 2.5% or even lower No inheritance tax No profits of a foreign Permanent Establishments (PE) tax, under easily met conditions No Controlled Foreign Company

Cyprus is the number one jurisdiction chosen by international tax planners because it has the lowest corporate tax rate in the entire European Union (a uniform rate of 12.5%) The OECD includes Cyprus on the White List of jurisdictions that have substantially implemented internationally agreed tax standards All distinctions between local and international business companies have been removed. The taxation of companies is now based on residence Confidentiality is protected by legislation

1 Why Cyprus? Legal Framework

Common Law Cyprus has a comprehensive, modern and forwardlooking legal and regulatory framework based on English Common Law principles

Reliable Cyprus offers foreign businesses a familiar and reliable legal framework, which is today considered to be one of the most favourable in Europe

IMF Member Cyprus is a Member of the British Commonwealth, Council of Europe, IMF, UN, World Bank and WTO

IFRS Standards Generally Accepted Accounting Principles (GAAP) & International Financial Reporting Standards (IFRS) adopted positively affect the procedure for formation of companies in Cyprus

EU Member Cyprus is an Independent, sovereign Republic with written constitution and a EU Member State

1 Why Cyprus? Infrastructure

Larnaca Airport

Larnaca Port

Schools & Universities

Road Network

Airports

Ports

Network

Telecommunications

Sports

Schools

2 International Airports

2 Bustling Ports

Modern Road

Major Telecommunications

Golf, Tennis, Horse

Numerous European

Larnaca & Paphos

Larnaca & Limassol

Network

Hub

Riding, Skiing, & Water

Universities & English

Sports

Private Schools

2 Project Description Larnaca Larnaca has a service dominated local economy which relies mainly on tourism, warehouse, logistics and the International Airport. There are many plans to regenerate the city, with the most recent being the temporary use of its port as the main hub for the oil and gas exploration vessels Larnaca’s seaport is the second largest in the free part of Cyprus Because of its proximity to the coast it attracts many tourists and has numerous overseas residents who have acquired holiday homes in the district

The city is well-known for its picturesque sea-front which includes rows of palm trees. Much of the activity is centred on the city promenade during the major festivals. The City is divided into two parts namely, an older city centre and a chain of hotels and restaurants along the beach, known as the ‘Phinikoudes’

2 Project Description Location

Griva Digeni Project

01. In the heart of Larnaca

02. All Governmental buildingsPublic services and all banks in very close proximity

03. Close to amenities

04. Rectangular shape

Foinikoudes beach 1.4 km Larnaca Marina 1.5 km Larnaca Port Pier 2 km Larnaca Salt Lake 2.7 km Mackenzie Beach 3.1 km Zenobia Shipwreck 3.6 km Larnaca Airport 4.9 km Larnaca District 10km Larnaca Bay 11 km

The property lies close to Finikoudes, the most commercial street in Larnaka. Most banks have branches and city head offices in a close distance from the property. Most governmental and municipality buildings also reside in the region.

The Griva Digeni Project lies within the boundaries of a commercial area and is close to all amenities, schools, hospitals, hotels, restaurants, sports facilities and points of historical interest.

The plotâ&#x20AC;&#x2122;s shape is almost rectangular. This makes it easier for commercial mix-use development.

2 Project Description Location

Griva Digeni is one of the main roads in Larnaca with 31,000 vehicles per day passing through. This makes it the busiest avenue in the city.

2 Project Description Location

03 02

Georgiou Griva Digeni Project 01 04

07 Copyright ÂŠ Delfi Partners & Co. 2016

Foinikoudes beach 1.4 km

Larnaca Marina 1.5 km

Larnaca Port Pier 2 km

Larnaca Salt Lake 2.7 km

Mackenzie Beach 3.1 km

Zenobia Shipwreck 3.6 km

Larnaca Airport 4.9 km 11

2 Project Description Potential Currently

Potential

‘‘

Plot

696 sq.m.

1st RC car shop (G-floor)

48 sq.m.

2nd coffee shop (G-floor)

47 sq.m.

3rd coffee shop (G-floor)

93 sq.m.

4th apartment (1st floor)

129 sq.m

Number of Floors

Parking spaces

Maximum Height Plot Coverage Building Density

Potential to built up to 1.392 sq.m.

’’

6 24 m. 50% 200%

3 Why invest in this project Investment Opportunity The buyer can demolish the existing building immediately and build a new construction, which can bring him a high return. Legislation dictates that, in case the premises are needed by the owner for demolition, reconstruction, conversions and/or for the implementation of a development plan, no recovery of possession can be ordered by the tenant. In addition, the amount of time required to issue planning permission has been reduced to a maximum of one month for small projects and three months for large projects. In case offices are developed, the building coefficient can be increased +10%.

According to Larnacaâ&#x20AC;&#x2122;s town planning department the Griva Digeni Project, which belongs to Eb1 Commercial zone can have the below uses: shops, superstores, showroom, department store, supermarket, organized Mall, business of special services and offices. Copyright ÂŠ Delfi Partners & Co. 2016

3 Why invest in this project Investment Opportunity | Apartments

Apartments

‘‘

In case apartments are developed, the property can be rented under longterm agreement or short-term agreement.

’’

3 Why invest in this project Investment Opportunity | Education

High rise private Primary School

‘‘

In case a high rise private Primary School is developed, the building coefficient can be increased +20%, under certain circumstances.

’’

3 Why invest in this project The market

Business center Economic recovery in Cyprus is expected in record time, despite the challenges faced in the last years. Thanks to the Government's commitment to achieving economic recovery and growth, Cyprus has managed to turn the page, successfully facing the island's economic challenges, and established itself as a thriving business center.

02 GDP growth GDP growth and other economic statistics reflect the improvement of Cyprus economy, and indicate the prospects for a flourishing economy much sooner than expected.

03 Value for money Investing in Cyprus is a particularly attractive move at the moment as the market is becoming stable & prices are competitive. Cyprus off plan developments offer some particularly good deals, with value for money projects being built anywhere in the island. Buyers investing in Cyprus generally get more property for their money.

Investment return Investing in Cyprus properties is a safe way to have an excellent return for your investment and still enjoy spending some quality time in one of the most beautiful and safe islands of the Mediterranean.

3 Why invest in this project Citizenship Incentives New attractive legislation is in place which gives investors the opportunity to obtain the Cyprus/EU Citizenship or Permanent Residence. The relevant schemes have been running very efficiently, granting approvals within 3-4 months. Investors do not need to reside in Cyprus and they do not become tax residents (unless they spend over 183 days in Cyprus). Naturalisation Requirements

Applicant is 18+

Investments > €5mln for min. 3 years

Residence worth €0.5mln kept for life

European Passport

‘‘

Griva Digeni Project is ideal for naturalization purposes

’’

Clean Criminal Record

Contact Details

Advisors Delfi Partners & Company T: +357 22 000060 F: +357 22 000080 E1: realestate@delfipartners.com E2: info@delfipartners.com W: www.delfipartners.com

APPENDIX A. Citizenship Requirements: Details As a part of its policies aiming to attract foreign investors in Cyprus the Council of Ministers, on the 19th of March 2014, revised the "Scheme for Naturalization of non-Cypriot investors by exception" and, thus, established the new financial criteria based on which non–Cypriot entrepreneurs/ investors may acquire the Cypriot citizenship: > A non-Cypriot citizen, who meets one of the following economic criteria, either personally or through a company/ companies in which he/ she participates as a shareholder - proportionally based on the percentage of participation, or even as a high-ranking senior manager of a company/ companies that meets one of economic criteria, may apply for the acquisition of the Cypriot citizenship through Naturalization by exception. Investment in real estate, land development and infrastructure projects: > The applicant must have made an investment of at least € 5,0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector or other infrastructure projects). > To €2,0 millions for investors who demonstrably participate in a special collective investment scheme, provided that the total value of the investment is more than €12.5 millions. It is noted that this present provision (I), will be in force until the 1st of June 2014.

APPENDIX A. Citizenship Requirements: Details Detailed criteria for granting the Cypriot citizenship by exception: > State bonds of the Republic of Cyprus of at least €5,0 million. > Financial assets of Cypriot companies or Cypriot organizations (bonds/ securities/ debentures registered and issued in the Republic of Cyprus) of at least €5,0 million. > Investment of at least € 5,0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector or other infrastructure projects). > At least € 5,0 million in the purchase, creation or participation in businesses or companies, that are based and operating in the Republic. These businesses or companies should evidently have a tangible presence in Cyprus and employ at least five (5) Cypriot citizens. > Personal fixed term deposits for three years in Cypriot banks or deposits of privately owned companies or trusts (in which he/she is the beneficiary owner) in the Republic of Cyprus of at least €5,0 million. > Combination of the aforementioned criteria of the above amounting to at least €5,0 million. T&C > Clean Criminal Record: the applicant must have a clean criminal record. Furthermore, his name must not be included on the list of persons whose property is ordered to be frozen within the boundaries of the European Union. > The applicant must hold a permanent privately-owned residence in the Republic of Cyprus, the purchase price of which must be at least €500.000, plus V.A.T. ○ It is noted that members of the same family, which apply separately as investors, can collectively acquire a residence, provided that the total value of this home-property covers the amount of € 500.000 per each applicant.

APPENDIX A. Citizenship Requirements: Details Persons whose deposits with the Popular Bank Public Company Ltd have been impaired due to the measures implemented after the 15th March 2013: > In the case where the applicant has incurred an impairment in his/her deposits under €3,0 million he/she may apply, having made an additional investment through the aforementioned criteria for the balance of the required amount of the aforementioned criteria. > The Council of Ministers shall have the right on special occasions, to reduce the above criteria (Α.1 (Investment in Government Bonds), Α.2 (Investment in financial assets of Cypriot companies or Cypriot organizations), Α.3 (Investment in real estate, land development or infrastructure projects) and Α.4 (Purchase or creation or participation in Cypriot businesses and companies): o To €2,5 millions for investors, who demonstrably participate in a special collective investment scheme, provided that the total value of the investment is at least €12,5 millions. o To €2,0 millions for investors who demonstrably participate in a special collective investment scheme, provided that the total value of the investment is more than €12.5 millions. It is noted that this present provision (I), will be in force until the 1st of June 2014.

Disclaimer ÂŠ 2016. Georgiou Family, Larnaca, Cyprus >

The Information herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example purposes only.

As between you and Georgiou Family, you acknowledge that Georgiou Family owns or has a license to all title and copyrights in and to the content provided in this presentation. All title and intellectual property rights in and to any licensed content provided in this presentation is the property of the respective content owners and are protected by applicable copyright or other intellectual property laws and treaties and subject to use restrictions under such laws or treaties.

Georgiou Family on its behalf and for the Vendors or Lessors of these assets whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Details are given without any responsibility and intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Georgiou Family has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all prices and rents are quoted exclusive of Georgiou Family.

The information in this document is confidential to the person to whom it is addressed and should not be disclosed to any other person. It may not be reproduced in whole, or in part, nor may any of the information contained therein be disclosed without the prior consent of the directors of Georgiou Family. A recipient may not solicit, directly or indirectly (whether through an agent or otherwise) the participation of another institution or person without the prior approval of the directors of the Company.

The contents of this document have not been independently verified and they do not purport to be comprehensive, or to contain all the information that a prospective investor may need. No representation, warranty or undertaking, expressed or implied is or will be made or given and no responsibility or liability is or will be accepted by the Company or by any of its directors, employees or advisors in relation to the accuracy or completeness of this document or any other written or oral information made available in connection with the Company. Any form of reproduction, dissemination, copying, disclosure, modification, distribution and or publication of this material is strictly prohibited.