Exclusive #12 - English Issue

31

description

Exclusive is an authoritative source reporting on the very best design inspirations and solutions, architecture, art, interiors, technology, travel, fashion and cars for the ultrahigh-net worth individuals who make up Imperio’s local and international client base and beyond.

Transcript of Exclusive #12 - English Issue

Page 1: Exclusive #12 - English Issue
Page 2: Exclusive #12 - English Issue
Page 3: Exclusive #12 - English Issue
Page 4: Exclusive #12 - English Issue

excl

usiv

e 12

4

Property Magazine

December 2014Issue 12

EditorMartha Nagkoloudi

DesignNatalie Demetriou

Publisher ImperioPrinting RPM Lithographica lTD

ContributorsPetros Rialas Director, Head of International Tax Planning Dept, Totalserve Management Ltd

ΙSSN 1986-2350

No part of this magazine may be used or reproduced without the written permission of the publisher. All information contained in this magazine is for information only and is, as far as we are aware, correct at the time of going to press. Imperio cannot accept any responsibility for errors or inaccuracies in such information.

131 Gladstonos street, 3032 Limassol, Cyprus Τ: +357 25 581005imperioproperties.com

WELCOME

Welcome to a new era!

Style, success, progress and glamour... a magic formula that makes everything more beautiful – and more attractive.

Would you like to discover the residence that was fully transformed in Louis Vuitton style, and then capture the moment on your selfie stick?

How about some insight into Neymar’s life?

Do you want to witness how failure evolved into success? Would you like to explore the upgraded streets of Limassol or enjoy a cycling tour marked by the beauty of Cyprus?

Find out how…

Page 5: Exclusive #12 - English Issue

excl

usiv

e 12

5

06

08

10

11

12

14

16

18

20

22

24

26

Facetime page 18

Lifestyle page 10

World News page 08

Driving page 24

Vassilis Karakatsanis page 16

Driving page 22

Imperio Celebrating with a sense of responsibility

World News The making and unmaking of

Oscar Pistorius

Lifestyle Europe’s first Mondrian hotel

Agenda Unique Blend of Flavours

from the East and West

SportsCyprus is a Biker

Imperio Live to the Fullest!

ArtsUrban Details

FacetimeNeymar Jr, the Striking Star

Lifestyle The Perfect Shape

TotalserveNew dynamics for Cyprus residential and commercial properties

Driving Maserati Ghibli

Portfolio

Page 6: Exclusive #12 - English Issue

ImperIo: CelebratIng wIth a sense of responsIbIlIty

In addition to its superior performance, the com-pany has earned recognition for its socio-political profile and its contribution to society.

To celebrate its success over the past 10 years, the company has organized a series of events through-out the year 2014. Under the banner of ‘The Butter-fly Effect’, most of the events were aimed at raising funds for the benefit of the Centre for Preventive Paediatrics, in order to support its important role in the community.

The first event of the year to mark the company’s 10th anniversary was a Kick-Off event at the Da Vinci in Limassol’s Old Town. The event brought together many company associates, good friends, Imperio homeowners, as well as celebrity guests.

Celebrations continued with the company’s spon-sored participation in the Limassol Marathon, with all contributions donated to the Centre for Preven-tive Paediatrics. Public response to this call for sup-port exceeded all expectations, not to mention the happiness and fun that everyone enjoyed on the day.The calendar of events also included Imperio’s Com-petition of Architectural Ideas, which gave students who love what they do an opportunity to demon-strate their skills and talent within the framework of a hands-on project.

For Imperio, the year 2014 is a mile-stone that marks the completion of a successful 10-year history; a decade that saw Imperio grow and develop into the finely-tuned and award-winning company it is today, with a rich portfolio of high quality projects that are aligned with contemporary architectural trends and designs.

Limassol Marathon 2014

The Butterfly Award - Architectural Ideas

Imperio Team - Kick Off

excl

usiv

e 12

6

IMPERIO

Page 7: Exclusive #12 - English Issue

Mama’s Sunday

Yiannis Misirlis, Mr Nicos Anastasiades - President of Cyprus Republic, Antonis Misirlis

Imperio Team

Mothers’ Day is one of the most cherished holidays – and it becomes even more meaningful when it is dedicated to raising funds for every mother’s great-est love: her children. With this in mind, Imperio organized a party for mothers and children at the Bubble Park in Limassol, again in support of the Centre for Preventive Paediatrics.

Celebrations reached a climax on 10 October 2014, with an extravagant symbolic birthday party for Imperio, held at the Four Seasons Hotel in Limas-sol and attended by several dignitaries and officials of Cyprus. The gala dinner was combined with entertainment in the form of a charity casino in the party area. The substantial revenue was once again donated to the Centre for Preventive Paediatrics.For Imperio, this is not the end, but rather a new beginning; the start of a second decade filled with new challenges which the company is eager to expe-rience and respond to with even more enthusiasm and a desire to make a difference…

excl

usiv

e 12

7

Page 8: Exclusive #12 - English Issue

The life of Pistorius can be seen in two arcs. There is one story of extraordinary determina-tion - how this boy with no evident running talent at 12 somehow scaled the heights of sport in just a few years. But the second story is how that innocent boy became a man plagued by his temper, with a reckless love for guns and speed.

In one of Oscar’s earliest memories, he hur-tled down a hill near his home, in his brother Carl’s go-kart, as the two of them began a lifelong passion for speed.

As the wall at the bottom of the hill loomed in front of them, with no brakes on the kart, Carl grabbed Oscar’s prosthetic leg, yanked it off and pushed it into the wheel to bring the vehicle to a sudden stop.

This narrow escape did nothing to dampen his new addiction - aged four he was riding mini-motorbikes. Soon after he was racing his father at go-karting. Aged 15, he was driving his brother’s Golf, and as an adult a speed boating accident nearly ended his career.

How did one of the world’s most suc-cessful sportsmen, an inspiration to millions, end up in prison after killing his girlfriend?

wORld nEws

THE MAKING AND UNMAKING OF OSCAr PISTOrIUS

excl

usiv

e 12

8

Page 9: Exclusive #12 - English Issue

Born with no fibulas - the smaller of the two lower leg bones - Oscar’s legs were amputated below the knee when he was 11 months old. Six months later, he received his first prosthetics, a defining moment in his life, he later said.

His mother was a huge influence. She put inspiration-al notes into the lunchboxes of her children, and one letter she wrote for him he still keeps: “The real loser is never the person who crosses the finishing line last. The real loser is the person who sits on the side, the person who does not even try to compete.”

“Oscar didn’t like to be reminded that he was different because mentally he wasn’t different,” says Gianni Merlo, who co-authored Pistorius’s book Blade run-ner. “This was because of the way his mother brought him up as a kid. He has a spirit that is completely dif-ferent because he was born that way. Without know-ing what it feels like to be normal, you feel normal.”

Aged nine, he had his first fist-fight - over a girl - and more followed. The family’s response? His father and grandfather taught him how to box. This was the time when he first learned to defend himself, and he later proved on several occasions that he was never slow in lashing out, usually verbally, at people who annoyed him.

Despite this pluckiness, he showed little sporting tal-ent in his early teens. That didn’t shine until Pretoria Boys School, when he was able to use much lighter prosthetics, thanks to a family friend and design engineer, Chris Hatting.

Initially it was endurance running, not sprinting, that interested him. He was showing ability in 10km races, and enjoying rugby and water polo. His discovery of sports in which he could properly compete, not just take part, meant his schooldays were generally happy - but three life-changing events cast a more sombre light on these years.

The first was the divorce of his parents, which meant Oscar and his siblings were separated from their father and lived with their mother in a smaller house.

Then in March 2002 his mother Sheila died. To the 15-year-old it felt like his world’s guiding light had been extinguished. He has the dates of her birth and death tattooed on his right arm.

A year after his mother’s death came the third life-changing event - he shattered his knee on the rugby pitch. It came at a time when he had been working hard on his general fitness, to complement his rugby and water polo.

During his rehabilitation, supervised by the Uni-versity of Pretoria, that he was advised to take up sprinting to help the knee joint recover.

Three weeks after taking up sprinting, Pistorius ran his first 100m race. He won the race in a time faster than any double amputee had achieved before - 11.72s. A star was born.

Eight months later, he won the 200m gold at the Paralympics in Athens and his life changed forever. It was at this moment - September 2004 - that the world woke up to his talent and personality.

Before long he began running against non-disabled athletes, first in a Golden Gala 400m race in rome in 2007, finishing second, and then in Sheffield where, in very wet conditions, he finished last.

The question now began to be asked whether his prosthetics gave him an advantage. It was a huge blow when, the following year, the world governing body for athletics (IAAF) concluded that they did, and banned them. But he fought the decision and won an appeal, paving the way for him to compete in the summer Olympic Games in Beijing later that year. Failing to qualify, he set his sights on London in 2012, where in due course he became the first track and field athlete to compete in both Paralympic and Olympic Games.

Pistorius has always strongly rejected the suggestion that his fight to compete in the Olympics meant he regarded Paralympic sport as second-rate. He says he just believed it was unfair to exclude disabled athletes from taking part, if they were good enough.

“I am not a Paralympic athlete, nor an Olympic athlete. I am simply an athlete and sprinter.”

In 2011, Pistorius had stormed out of a BBC radio interview after taking exception to a question about his fight to take part in non-disabled athletics. Then there was the outburst at the London Games, when he lashed out at Alan Oliveira. Another South African Paralympian, Arnu Fourie, told a journalist he had to change rooms in the athletes’ village because Pisto-rius was shouting on the phone so much.

Many people concur that his character subtly altered. This wasn’t just about fame going to his head, there were other incidents over the years that suggested an aggressive side and a recklessness that the public didn’t see.

There was a gun that went off in a restaurant and another shot through a car roof, and the odd verbal and physical fight.

What did make headlines - at least, in the celebrity press - was the romance with reeva Steenkamp. The two met in November 2012 through a mutual friend at a motoring event and she agreed to accompany him to an awards ceremony that night as he didn’t have a date.

The model was already a reality show star and a regu-lar presence on the cover of magazines. She was also hugely popular. Her best friend and housemate Gina Myers told the BBC this was a woman “as magnificent on the inside as she was beautiful on the outside”.

A friend of the couple, Del Levin, saw the couple at a dinner about two weeks before Steenkamp’s death, when Levin’s wife, a well-known television personal-ity, sat next to her and the two women spoke for a long time. Levin and his wife got the impression the couple, who had then known each other for about three months, were happy.

Many believe that, in recent years, Pistorius under-went a change. But some friends of the athlete tell a very different story - of a man full of warmth and fun who overcame life’s setbacks and stayed loyal despite his fame.

Levin, a marketing director, says that unlike many in Johannesburg’s high society, the athlete was sincere in his affections.

One thing that did strike Levin was Pistorius’s fears about security. He had recently bought a new home in the Johannesburg suburb of Sandton and talked about how happy he was that it was equipped with more safety features than his house in Pretoria.And instead of enjoying his dream house, his new home is now a prison cell. The freedom and compan-ionship of the sunny playing fields of Constantia Kloof Primary School must seem a world away.

excl

usiv

e 12

9

Page 10: Exclusive #12 - English Issue

europe’s fIrst mondrIan hotel

Design research Studio, under the creative direction of Tom Dixon, has completed the interiors for the Mon-drian London Hotel. The hotel is part of the Morgans Hotel Group, which is launching its first Mondrian hotel outside the US.

The hotel is located on South Bank in Warren Plat-ner’s iconic 1978 Sea Containers House, between the OXO Tower and Blackfriars Bridge. Its presence on the Thames Path links it to riverside spaces such as the Royal Festival Hall, the National Theatre, Tate Modern and culinary destination Borough Market.

Originally intended as a luxury hotel, the building was designed by American architect Warren Platner - an architect who was also known for his distinctive cruise liner designs and became offices for shipping

company Sea Containers, from which it takes its name, before being bought by developers Archlane in 2011.

Referencing the building’s nautical form, the hotel encapsulates the elegance of a 1920s transatlantic ship, with copper cladding leading guests inside an expansive reception lobby. Building on the extensive metal finishes already in place, a matrix of brass-work permeates the design, framing each bedroom door and eventually morphing into a rooftop cocktail bar that boasts views across the British capital.

The scheme’s 359 bedrooms contain bespoke furniture with rich colour palettes that provide a stark contrast with the metallic detailing. Continu-ing the maritime theme, bathrooms draw on marine engineering incorporating porthole mirrors that are usually found on board ships. The architecture of the hotel spa is organised around a secret water fea-ture, with the colour scheme gradating from white through to darker tones, designed to encourage and facilitate relaxation.

A roof-top bar taking cues from a cruise-liner deck will be given an Art-Deco period ballroom treatment.This maritime history was used as the starting point of the interiors concept for the hotel, which “em-bodies the elegance of a transatlantic 1920s liner” according to the designers.

Brass elements run through-

out the building, edging door

frames as they continue to

the top of the building, where

a bar on the roof is designed

to look like the top deck of a

cruise liner.

excl

usiv

e 12

10

lIFEsTYlE

Page 11: Exclusive #12 - English Issue

unIque blend of flavours from the east and westAs you stroll down the popular among tourists Yermasoyia strip in Limassol, be sure to drop by at The Garden restaurant. Before you can peek into the menu you positively will be amazed by the atmosphere. The lounge area of our restaurant is concealed from the outsider’s eyes like a secret garden. There you will be able to inhale the subtle fragrances of Cyprian air as you savor the delicious meals prepared by our Chef Fadi.

A perfect dinner would not be complete without a bottle of good wine. Matching wine with meals is a true art. But sometimes you need to know more than a name or a brand. Take a step inside our wine cooler and pick a bottle to your liking. Here the bottles are stored with perfect temperature and humidity. Each and every wine of our collection was chosen by our Chef Fadi personally.

True pizza connoisseurs know, to make a perfect crust you have to cook it in an authentic oven. And we, in The Garden, are proud to have one. It is situated downright in the middle of the hall, so you can see for yourself how our masterful cooks put your raw pizza inside, where it is baked with wood fueled fire. And finally your meal arrives ready, hot and delicious.

There simply is no such thing as ‘insignificant’ when it comes to Japanese cuisine. Every ingredient must be exceptionally fresh, serving must be excellent and everything that surrounds you must have a special Oriental touch about it. At The Garden you will find a custom-designed sushi bar. Watch our Chef prepare delicate fresh bites four your sushi right in front of you. You will see his every skillful move from high bar benches that surround the bar.

Why confine yourself with specific cuisine? At The Garden you can have them all. In the menu you will find meals originally from Japan, Thailand, Italy, France, Mediterranean. Our Chef was searching high and low to complete the menu with the most delicious food from around the world.

And of course don’t forget about the water-pipe. We will be glad to offer you high-quality Narghile with fresh fruit (apple, pineapple, watermelon). We have special, unique shaped Narghileh! Also have the steam stones, never before seen in Cyprus.

Opening hours:For Lunch and Dinner: from 12 AM till 12 PM

excl

usiv

e 11

211

agEnda

Page 12: Exclusive #12 - English Issue

CyPrUS IS A BIKEr

Cyprus is a biker’s paradise and it’s not just because of the guaranteed sunshine. Granted the excellent weather conditions prevailing on the island mean cycling can be enjoyed almost throughout the year. And, unlike other European or Mediterranean countries, strong headwinds are rare.

This Olymnpic game sport has been increas-ing popularity with locals and tourists at a very rapid pace. With a history of more than 10,000 years, Cyprus has more to offer than sun and sea. Numerous routes for road bikers and unlimited adventures for mountain bikers make Cyprus a paradise for cycling holidays. But it is the island’s compactness that is its main

attraction, offering rapid changes of terrain and scenery on even the shortest bike trails. Within the space of 10 km, one can go from rocky to clay, and steep to flat, enabling an experience of all surfaces within a short period of time, and making the island into one huge mountain bike arena. A cycle tour enable you to come across things which you would probably miss from

excl

usiv

e 12

12

sPORTs

On the top of the coast

Page 13: Exclusive #12 - English Issue

inside a car; a chance encounter with a local, a stunning landscape to linger over, the sights and sounds of nature from up close, an ancient ruin or a secluded cove.

excl

usiv

e 12

13

Akamas Peninsula

Avakas Gorge

Page 14: Exclusive #12 - English Issue

Belvedere Residences

excl

usiv

e 12

14 LIVE TO THE

FULLEST!

IMPERIO

Page 15: Exclusive #12 - English Issue

There is no doubt that Imperio always finds what suits you best. It really is a skill to find what pleases those who follow Imperio.

Imperio’s new development promises adorable pano-ramic breathtaking views. The new exclusive develop-ment, Belvedere residences is expected to offer the most desirable apartments in Ayia Fyla combining mod-ern architectural design, functionality with the amazing view of Limassol.Belvedere Residences, is expect to become the new at-traction both investors and occupiers.

imperioproperties.com/belvedere

excl

usiv

e 12

15

Page 16: Exclusive #12 - English Issue

UrBAN DETAILS VASSILIS KArAKATSANIS

He has performed solo exhibitions in Greece, Cyprus, Spain, Italy, Indonesia, Ecuador, Turkey and Germany and took part in many other group exhibitions around the world.

Karakatsanis belongs to the generation of art-ists who grew up and began to create in the transitional decade of the eighties. His paint-ing, displaying awareness and continuity, is the product of a personal, independent artistic investigation that bears profound knowledge, simplicity and honesty.

His thematic choices and his personal artistic vocabulary are informed by his experience and observation of the surrounding world. He organizes his exhibitions by using a theatrical attitude; he transforms the mundane every day objects into structural elements of his work, using a clean and rich color palette and vivid contrasts. He creates installations by using elements from the existing three dimen-sional spaces and by transforming them into art forms. He researches with sensitivity the limits between reality and illusion.

The artist succeeds in placing the spectators on the stage and the actors in the stalls. He speaks to us in the best way possible and that is because he himself moves cunningly be-tween the stage and the stalls. Karakatsanis’s artistic integrity encourages the discussion between the viewer and the work or even bet-ter between the viewer and the viewer.

Paintings of Vassilis Karakatsanis are cur-rently being exhibited at gallery Morfi, where a new solo exhibition is scheduled for Febru-ary 2015.

Morfi Gallery, 84 Agkiras, 3042 Limassol, Cyprus, Τel: 25378733 | [email protected] | www.morfi.org

Vassilis Karakatsanis was born in Athens in 1957. He studied arts in Athens and Barcelona as well as preservation of architectural monuments in Venice, with Greek, Spanish and EU scholarships.

excl

usiv

e 12

16

aRTs

Page 17: Exclusive #12 - English Issue
Page 18: Exclusive #12 - English Issue

This is probably your first visit to Cyprus. What’s your impression so far?I like Cyprus, or what I have seen so far. People are very friendly. And there is many Barca fans too.

You’re just 21 years old, and you have thousands of fans across the world. How do you feel?I feel happy because of the love of the fans all around the world, even from countries I did not expect. For me, that is the love of so many people and it makes me really really happy.

Across the world, Neymar Jr is regarded as one of the most promising young players in football today. We had the pleasure the meet him during his recent visit with FC Barcelona to Cyprus, and we ask him some not-so-common questions.

FacETIME

NEyMAr Jr, THE STrIKING STAr

Photo: Miguel Ruiz/FCB

excl

usiv

e 12

18

Page 19: Exclusive #12 - English Issue

What does Barca mean to you?It is one of the greatest clubs that exist and I am very proud to be part of its his-tory, playing next to players I am fan of, whom I admire. Now I have the honour of wearing this shirt.

Many fans are obsessed about your tattoos.Yes, I have 14, and four of them, well, all of them are particular: my mother, my father, my sister. All of them have something special.

If you look on youtube, you can find many clips of you singing and dancing. Do you like that?Yes, I enjoy that. I like many songs; I like Pagode, Gospel, Funky, Sertaneja ... it depends on the day. I don’t have a favourite one, but there are a lot that I like. I also like to learn their chorography; it’s fun.

You have over 2,100,000 funs on Instagram, right?It’s a fun app. All my friends are there, and also many many fans. One gets used to it, and you end up spending the day fooling around. I also like the interaction with the fans.

Page 20: Exclusive #12 - English Issue

THE PErFECT SHAPE

The Perfect ShapeIn fact, this 44-centimeter-long flying machine is not a living, breathing animal, but a high – tech creation made of alu-minium, carbon fibre and polyamide. This minuscule flier is controlled by – what else- a smartphone. “We view this project like automakers do a concept car. We want to demonstrate what is technologi-cally possible”, explains project manager Heinrich Frontzek.

Optimised by NatureIn 2005, Mercedes – Benz unveiled the bionic car a concept vehicle based the principles of bionics. The car’s extremely low drag coefficient of 0.19 is a direct result of its aerodynamic shape, inspired by the tropical boxfish.

Just how efficiently nature optimizes certain shapes via the process of evolu-tion is clearly illustrated by a wind tunnel

experiment conducted by Mercedes – Benz engineers: an anatomically accurate model of the boxfish recorder a drag coefficient of just 0.06. Mother Nature has had millions of years to hone her designs” is how Werner Nachtigall explains these near – perfect aerodynamics. Nachtigall is one of the world’s most renowned bionics pioneers. For over 50 years the retired professor has been researching how and what technology can glean from biol-ogy. “ Nature’s work is unfocused, but it occurs on a massive scale. In Europe, for example, there are billions of blue bottle flies, and each one is slightly different”. Through experimentation, mistakes and natural selection, forms of life emerge with characteristics that are often astounding: “The whirligig beetle, when swimming, exhibits a 93 % efficiency rate in energy consumption” he notes. Achiev-ing this sort of perfection in energy usage is something engineers can only dream of.

The huge dragonfly lifts gingerly off its perch, beating all four its wings, slowly, at first, then faster and faster. Hovering in place for a few seconds, it suddenly darts forward, flies a few bold curves, and descends almost to the ground, then climbs steeply upward again its twin pairs of transparent wings beating so quickly as to be a nearly invisible blur. One could easily imagine that a prehistoric drag-onfly has actually been restored to life were it not for the hum of the servomotors.

BionicOpter, Festo

Art Pavilion Salzburg, 2011, Soma

Bionic Handling Assistant, Festo

excl

usiv

e 12

20

lIFEsTYlE

Page 21: Exclusive #12 - English Issue

At the 2012 World Expo in South Korea, its spec-tacular One Ocean pavilion raised eyebrows. The high-tech structure’s organic lines and surfaces were especially impressive. But beauty at least in terms of bionic structures is considered a coincidental, albeit pleasing, by-product which takes a back seat to the main goal of functional-ity. The building’s highlight is its 140 meter long façade consisting of huge lamellae – up to 13 meters high – that can be cambered. In addition to its biomimetic qualities, this façade also fulfils an architectonic function by controlling the influx of light and the interior temperature. The Soma team went a step further in its design for a Salz-burg art pavilion: using a computer to calculate the optimal position of 1,500 aluminium struts with the random number generator, the team essentially created a time-lapse version of the natural process of evolution. The architects input-ted certain parameters, but they had no idea how the final product would turn out once the comput-er began its calculations. Nonetheless, Rutzinger is conscious of his inherent limitations: “We can try to approach nature’s complexity, but nature will always be more complex by a huge margin. Attempting to imitate nature can be fraught with difficulty”, as biologist Wilhelm Barthlott learned.

Adopting a long-term perspective, as did Barth-lott, is essential when working with bionics. After all, what are 20 years of intensive research com-pared to millions of years of evolution?

Beauty vs functionalityBut the field of bionics isn’t about simply aping nature in all its detail. The key is staying faithful to the overarching principle. A few years ago, Festo engineer Frontzek and his team developed a highly responsive grappling arm using an el-ephant’s trunk as their – world model. The

arm could be used to sort vegetables that bruise easily: A real elephant trunk has 40,000 muscles, but we were able to make do with 11”

Soma, a Viennese architectural firm, also employs bionics. “Nature is our main source of inspiration, especially in the conceptualization phase”, says Stefan Rutzinger, one of the company’s founders.

EXPO Yeosu, 2012, South Korea, Soma

Lotus Temple, New Delhi, India

excl

usiv

e 12

21

Page 22: Exclusive #12 - English Issue

island has an all year round attractive climate and astounding natural beauties.

By obtaining the Cyprus citizenship or residency permit, there is no pre-requisite to have lived on the island prior to the applica-tion. Furthermore, once obtained, one does not need to permanently reside in Cyprus and there are no real minimum days of required stay. Still, there are many families who choose to make Cyprus their main home and busi-ness-men who decide to physically engage in their international activities from Cyprus.

The main reasons for choosing Cyprus is that it is an EU member state, it is strategically located - linking Europe with many important regions like Rus-sia, Ukraine, the Middle East and the Far East, the eligibility conditions for these two programs are further relaxed and easily achieved - especially when compared with similar plans offered by other EU countries, and offers high quality of properties, life, health and education systems. Last but not least, the

Residential propertiesOver the last couple of years there has been an increasing momentum by non-EU nationals in obtaining the Cyprus permanent residence permit or citizenship by way of investment. One of the main pre-requisites for both of these investment programs is the acquisition of residential property in Cyprus, hence a boost of sales in the local property market.

Petros Rialas, BA, MSc, FCCA, TEPDirector, Head of International Tax Planning DeptTotalserve Management [email protected] www.totalserve.eu

By Petros Rialas

NEW DyNAMICS FOr CyPrUS rESIDENTIAL AND COMMErCIAL PrOPErTIES

Elite Residences by Imperio

Foreign demand for Cyprus residential as well as commercial properties is on the rise. Due to various important developments in the international tax arena, in relation to establishing real ‘business substance’, it is expected that the need for commercial premises and office space in particular will grow even more.

excl

usiv

e 12

22

Page 23: Exclusive #12 - English Issue

ners. This is mainly because of the very attractive tax and legal systems, the high level of profes-sional services and the advanced infrastructure.

In addition to foreigners who make Cyprus their new or second home, there are many thou-sands of foreign business-men and corporations who use Cyprus companies in their structures, through which they conduct international trans-actions or investments. It is by no coincidence that a number of big known global corporations have moved their headquarters or regional branches to Cyprus.

As a result of the substance related develop-ments, it is expected that the demand for com-

Commercial propertiesGlobal developments affecting the accepted use of foreign companies in international transac-tions, now demand, amongst other, the establish-ment of physical and relevant business substance in the country from where the operations are being managed or carried out. Such substance can be in the form of fully fledged own offices with real dedicated and qualified staff or a simple office space with some competent management staff – the extent of which is usually determined by the actual activities of the company.

Cyprus has traditionally been a preferred interna-tional business centre for international investors and high on the agenda of international tax plan-

Totalserve is an international service provider with a global presence of 13 offices in 11 countries. The Group offers international tax planning, corporate, trusts, shipping, property & immigration, financial, legal as well as accounting & audit services. Totalserve specialises in the areas of immigration and property and have successfully assisted applicants to acquire either the

PRP or Cyprus Naturalisation. For further inquiries please contact [email protected]

Noble Centre by Imperio

mercial properties will rise even further by both existing and new Cyprus companies.

When it comes to considering which foreign jurisdiction to use in an international structure, Cyprus has a big competitive advantage against other traditional EU jurisdictions. In addition to all the aforementioned elements, Cyprus is a practical, cost efficient, investor friendly and straightforward jurisdiction that also allows the easy relocation of key staff to the island and of-fers good value commercial properties that can be customised according to needs...

excl

usiv

e 12

23

Page 24: Exclusive #12 - English Issue

maseratI ghIblI

THE MASERATI NOW IN CYPRUS.STYLE, LUXURY AND ELEGANCE. EVERY MASERATI IS LIKE A WORK OF ART, DEDICATED TO PERFECTION.

FLC MODENA AUTOMOBILE LTD, SOLE DISTRIBUTOR OF MASERATI IN CYPRUS, IS PROUD TO ANNOUNCE THE OPENING OF MASERATI’S NEW SHOWROOM IN LIMASSOL.

MASERATI GRAN COUPE AND CABRIO WITH THE V8 ENGINES AND AS WELL THE ALL NEW 4 DOORS QUATTRAPORTE AND GHIBLI ARE NOW AVAILABLE AT: 4 SOTERIOU TOFINI STR, AYIOS ATANASIOS CY4102

excl

usiv

e 12

24

dRIvIng

Page 25: Exclusive #12 - English Issue

excl

usiv

e 12

25

The new Maserati Ghibli is finally offi-cially on the island of Cyprus to cap-ture the attention with its emphasis on sporty glamour. Sculpted forms and well-defined volumes connected by clean lines that create movement captivate its strong personality.

When seated behind the modifiable, ergonomic leather-clad steering wheel, with a simple but striking instrument controls panel for the main multimedia functions frames, you will feel in absolute control.

The Ghibli Diesel is the first diesel-powered car in Maserati’s history: underneath the engine hood there is an innovative 3 litre v6 unit incor-porating all the benefits of the very latest diesel engine technology. The new engine is keeping up the Ma-serati tradition thanks to its sporty temperament and 275HP capacity which enables the car to surge from 0 to 100 km/h in 6.3 seconds, with top speed of 250 km/h.

Available now from FLC Modena Ltd - at the Maserati Showroom

Page 26: Exclusive #12 - English Issue

Elite Residences

The uniqueness of Elite residences is reflected through the distinctive design of each residence, based on judicious use of light and space, surrounded by calming greenery. Elite residences offers un-matched convenience by being only 500m away from the Limassolian coastline in one of the most desired neighbourhoods.

Limassol Bay Residences

The Limassol Bay residences is an exclusive development that sets the standard for luxury living - and then adds a little bit more. Ideally located in Potamos Yermasogias, just 2 mins walk from the sea and surrounded by amenities. A comfortable range of 13 iconic lateral apartments and penthouses jut boldly over the swimming pool in an effortless statement of style and sophistication.

Residential Developments

Commercial Developments

Past Developments

Belvedere Residences

Uninterrupted views in one of the best areas of Limassol. Apart from a unique panoramic view of Limassol, Belvedere residences offers highly functional and contemporary apartments that will be enjoyed to the fullest.

PORTFOlIO

Belvedere Residences

Maddox House

Noble Centre

excl

usiv

e 12

26

Page 27: Exclusive #12 - English Issue

Elysia Residences

Elysia residences is designed to reflect the prestige of a high quality development boasting 15 marvelous apartments. The two buildings will bear an impressive long green garden that will lead to the communal swimming pool.

Noble Centre

The impressive business tower combines superior architectural design and state-of-the-art technol-ogy. It is brilliantly designed with innovative facilities, providing unique spaces with contemporary glass fa-cades. These uninterrupted sound-insulting surfaces of glass give the impression that you are located far from hustle and bustle of Limassol, while being right in the middle of it.

Elysia Residences

Noble Centre

Elite Residences

Limassol Bay Residences

excl

usiv

e 12

27

Page 28: Exclusive #12 - English Issue

excl

usiv

e 12

28

PORTFOlIO

Limassol Bay*Residences*

Area: Pot. Yermasoyias, Limassol Type: Apartments Bedrooms: 2 & 3 Delivery Date: ImmediatelyTitle Deeds Available

Area: Pot. Yermasoyias, Limassol Type: Apartments & PenthousesBedrooms: 1, 2 & 3 Delivery Date: Immediately

Page 29: Exclusive #12 - English Issue

Location: Ayia Phyla, LimassolProject Type: Apartments Bedrooms: 2 & 3Delivery: September 2016

Location: LimassolProject Type: Apartments Bedrooms: 2 & 3Delivery: November 2016

excl

usiv

e 12

29

PORTFOlIO

Page 30: Exclusive #12 - English Issue

BEST OFFICE DEVELOPMENT

EUROPE

Noble CentreImperio Properties

Noble Centre received a major international award in October 2010, when it was awarded as the Best Office Development in Europe by the International Property Awards, in London.

Area: Town Centre, Limassol Type: Showrooms & Offices Delivery Date: March 2015

excl

usiv

e 12

30

PORTFOlIO

NOBLE CENTrE

Page 31: Exclusive #12 - English Issue

excl

usiv

e 12

31

PORTFOlIO