McLaren Group Cyprus


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McLaren Group Cyprus

  1. 1. The McLaren Property Group
  2. 2. McLaren Family owned businessOver 30 years’ experience in Global Property SalesMcLaren moved its Head Office to Cyprus in October 2004Sales in excess of 100 million EurosOffering the best properties portfolio’s throughout EuropeWith select locations in the CaribbeanWorking with Award Winning DevelopersSpecialists in attaining clients Permanent Residency in EuropeQuality Customer ServiceAgent training and Retention
  3. 3. We get out and meet the public and use the best Global PartnersJohn McLaren at the Moscow Shows Maria McLaren on the panel as the Cyprus property expert at A Place in the Sun Shows London, Birmingham and Manchester
  4. 4. Our Russian staff at the Moscow Exhibition Our Cyprus presentation and meeting rooms for clients and agents
  5. 5. McLaren for Taste in Property
  6. 6. Our Business Development Manager in ChinaYueying samples Cypriot living
  7. 7. CYPRUS AT A GLANCEIn the middle of 3 Continents and Gateway to EuropeWell regulated country governed by European Union lawsWestern, open and liberal societyMultinational and multilingual countryLarnaca and Pafos are the main international airportsMediterranean climate & relaxed lifestyleFinancial and ship management centrePopulation less than 1 million
  8. 8. CyprusLowest personal and company taxation in the EUCorporation tax 10%Easy to create Cyprus company and trade within EuropeEfficient legal, banking and accounting serviceFreedom to sell and repatriate fundsEasy to obtain local financingNo Inheritance TaxDouble Taxation TreatySolid infrastructure and advanced telecommunications
  9. 9. CyprusSafest country in the EU with lowest crime rateOne of the highest GDP growth rates in the EUOne of the most educated populations in the worldInternational schools following the British education system
  10. 10. VisaNon-European citizens can apply for travel visa at the local embassy which takes up to 10days.Residence Permit for CyprusFor all Non EU CitizensBuying a property of 300,000 Euros and above allows the purchaser to apply forpermanent residency immediately. Cyprus has introduced a speedy procedure that onlytakes up to 60 days.Once PR is given the purchaser only needs to visit Cyprus once every 2 years and havetheir papers stamped. This allows the client easy access to the rest of the EU from Cyprus.McLaren only use the Top Lawyers in Cyprus and will help clients with all necessarydocumentation required for the property purchase, opening Bank accounts and PR.
  11. 11. RECENT INVESTMENT INTO CYPRUSGAS FINDSSignificant natural gas resources in Cyprus on Block 12.5 trillion and 8 trillion cubic feet enough to power all electricity on the islandfor 210 years.Cyprus has received 15 international bids, for nine of the twelve offshoreblocks the deposits in one of the 12 blocks are worth around €100 billion invalue.
  12. 12. LNG PLANTLNG plant to process and export the confirmed offshore hydrocarbon reserves ofCyprus.American and Chinese companies have already approached the Cyprus governmentfor the construction contract. An expected investment of US$ 10 billion over thenext 5 years.
  13. 13. INTERNATIONAL ENERGY TERMINAL BY VITOLThe construction of an international energy terminal has started by the largestenergy trader in the world – VITOL – 1,000 new jobs will be created during theconstruction period, which will last until 2014. The operation of the facility will add€16 billion to public assets on an annual basis. The project is expected to cost €220million.
  14. 14. UNDERWATER ELECTRICITY POWER CABLECyprus began a feasibility study for the construction of an underwater electric cableconnecting the Eastern Mediterranean to Europe. The Euro-Asia Interconnectorwill stretch 1,000 kilometers (600 miles) in total at a maximum depth of 2,000meters, making it the most ambitious project ever of its kind, the cable itself willtake three years to build.An investment of €1.5 billion over 3 years.
  15. 15. TRIPLE FIVE – MAJOR INVESTMENTS FROM CANADIAN CONGLOMERATETriple Five Group, a finance and development company from Canada is investing inCyprus, Expected investments to reach €500 million.
  16. 16. TOURISM IN CYPRUS2.5 million visitors in 2012€2 billion raised from tourism in 2012Tourism increased 50% Year on year over the past 3 yearsUK remains largest tourist market in CyprusDirect routes from China coming to Pafos in the near futureRyanair opened its Hub at Pafos International Airport in 2012Ryanair’s investment is over €140 million
  17. 17. Cyprus as an international financial centre is an idealtax efficient gateway for channelling Chineseinvestments anywhere in the world as well as forfacilitating investment into China itself.The Double Tax Treaty between China and CyprusStrengthens the financial ties of the twocountries, enhancing and promoting further the scopefor tax efficient investment opportunities.
  18. 18. The Cypriot government are currently creating legal framework for operation of upto 5 casinos on the island. The owner of Las Vegas Sands Casino has approachedthe government with a view to creating a casino resort in Cyprus.Estimated investment of €2 billion.
  19. 19. 10 new golf courses planned in addition to the 4 existing courses.New Marina and promenade upgrade for Pafos.Marina upgrade for Larnaca.Limassol Marina, a substantial number residential and commercial units, investment of€540 million.Upgrade of Limassol waterfront and the old marina into a traditional fishing harbour withcafes and restaurants. Investment of €17 million.Upgrade of the Limassol commercial port terminal. Investment of €14.5 million.
  20. 20. McLaren Property Group