2. McLaren Family owned business
Over 30 years’ experience in Global Property Sales
McLaren moved its Head Office to Cyprus in October 2004
Sales in excess of 100 million Euros
Offering the best properties portfolio’s throughout Europe
With select locations in the Caribbean
Working with Award Winning Developers
Specialists in attaining clients Permanent Residency in Europe
Quality Customer Service
Agent training and Retention
3. We get out and meet the public and use the best Global Partners
John 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. Our Russian staff at the Moscow Exhibition
Our Cyprus presentation and meeting
rooms for clients and agents
7. CYPRUS AT A GLANCE
In the middle of 3 Continents and Gateway to Europe
Well regulated country governed by European Union laws
Western, open and liberal society
Multinational and multilingual country
Larnaca and Pafos are the main international airports
Mediterranean climate & relaxed lifestyle
Financial and ship management centre
Population less than 1 million
8. Cyprus
Lowest personal and company taxation in the EU
Corporation tax 10%
Easy to create Cyprus company and trade within Europe
Efficient legal, banking and accounting service
Freedom to sell and repatriate funds
Easy to obtain local financing
No Inheritance Tax
Double Taxation Treaty
Solid infrastructure and advanced telecommunications
9. Cyprus
Safest country in the EU with lowest crime rate
One of the highest GDP growth rates in the EU
One of the most educated populations in the world
International schools following the British education system
10. Visa
Non-European citizens can apply for travel visa at the local embassy which takes up to 10
days.
Residence Permit for Cyprus
For all Non EU Citizens
Buying a property of 300,000 Euros and above allows the purchaser to apply for
permanent residency immediately. Cyprus has introduced a speedy procedure that only
takes up to 60 days.
Once PR is given the purchaser only needs to visit Cyprus once every 2 years and have
their 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 necessary
documentation required for the property purchase, opening Bank accounts and PR.
11. RECENT INVESTMENT INTO CYPRUS
GAS FINDS
Significant natural gas resources in Cyprus on Block 12.
5 trillion and 8 trillion cubic feet enough to power all electricity on the island
for 210 years.
Cyprus has received 15 international bids, for nine of the twelve offshore
blocks the deposits in one of the 12 blocks are worth around €100 billion in
value.
12. LNG PLANT
LNG plant to process and export the confirmed offshore hydrocarbon reserves of
Cyprus.
American and Chinese companies have already approached the Cyprus government
for the construction contract. An expected investment of US$ 10 billion over the
next 5 years.
13. INTERNATIONAL ENERGY TERMINAL BY VITOL
The construction of an international energy terminal has started by the largest
energy trader in the world – VITOL – 1,000 new jobs will be created during the
construction 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 €220
million.
14. UNDERWATER ELECTRICITY POWER CABLE
Cyprus began a feasibility study for the construction of an underwater electric cable
connecting the Eastern Mediterranean to Europe. The Euro-Asia Interconnector
will stretch 1,000 kilometers (600 miles) in total at a maximum depth of 2,000
meters, making it the most ambitious project ever of its kind, the cable itself will
take three years to build.
An investment of €1.5 billion over 3 years.
15. TRIPLE FIVE – MAJOR INVESTMENTS FROM CANADIAN CONGLOMERATE
Triple Five Group, a finance and development company from Canada is investing in
Cyprus, Expected investments to reach €500 million.
16. TOURISM IN CYPRUS
2.5 million visitors in 2012
€2 billion raised from tourism in 2012
Tourism increased 50% Year on year over the past 3 years
UK remains largest tourist market in Cyprus
Direct routes from China coming to Pafos in the near future
Ryanair opened its Hub at Pafos International Airport in 2012
Ryanair’s investment is over €140 million
17. Cyprus as an international financial centre is an ideal
tax efficient gateway for channelling Chinese
investments anywhere in the world as well as for
facilitating investment into China itself.
The Double Tax Treaty between China and Cyprus
Strengthens the financial ties of the two
countries, enhancing and promoting further the scope
for tax efficient investment opportunities.
18. The Cypriot government are currently creating legal framework for operation of up
to 5 casinos on the island. The owner of Las Vegas Sands Casino has approached
the government with a view to creating a casino resort in Cyprus.
Estimated investment of €2 billion.
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 with
cafes and restaurants. Investment of €17 million.
Upgrade of the Limassol commercial port terminal. Investment of €14.5 million.
