Investors and business leaders from Qatar are increasingly making Limassol as their second business home location, enabling access to the European Union (EU) market.
Sales at the developer’s latest, high-end development Limassol Blu Marine, have now totalled €100mn, of which 4% have been generated from buyers from Qatar.
As much as 7% is being generated from buyers from the UAE, 6% from Jordan, 4% from Egypt, 3% from Kuwait and 2% from Saudi Arabia.
Limassol is the second largest city in Cyprus and is renowned for its entrepreneurship with many firms in the service, financial, technology and healthcare sectors flourishing.
The introduction of the Fast Track Business Activation Mechanism, the employment of third-country nationals, work permits for spouses, huge savings on corporate and personal taxes, access to the EU markets and digital nomad visas are all attracting companies from the Middle East to this uniquely connected and positioned country.
The Middle East and North Africa-based businesses looking to expand their operations to Cyprus can enjoy office spaces in Limassol Blu Marine, a development in the heart of the city, which provides luxury residencies and open offices in one spot.
"Limassol offers a robust environment for business, a diverse workforce and is a strong international centre of business with links to the UK, Middle East and Western Europe," said Pantelis Leptos, co-president of Leptos Group of Companies, a leading property developer in Cyprus and Greece.
Commercial space at Limassol Blu Marine starts at €7,800 per sqm. A one-bedroom apartment at Limassol Blu Marina is available from €655,000, two-bedroom apartments from €1.07mn and three-bedroom apartments from €1.28mn.
The new neighbourhood of Aktaia Odos has been master-planned with modern residential and commercial properties, mixed with attractive tourism and leisure options that sit in green spaces, with bicycle lanes and pedestrian walkways. The area, in accordance with the strategy of CIPA (Cyprus Investment and Promotion Agency) is set to become a hub for international headquarters with some 14,000 new jobs being created.
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