Q&A: Fivos Theodorou, Country General Manager, Aristo Developers
Fivos Theodorou is the General Manager for China and Guangzhou Head Office Chief Representative of Aristo Developers – Cyprus’ leading property developer for 40 years.
Fivos Theodorou has been a member of the Aristo Developers team since 2008. A graduate from the London Metropolitan University with an undergraduate degree in Business Administration and post-graduate degree in International Finance, Fivos has also served as President of the Cyprus Junior Chamber. He has extensive working experience in International Real Estate Investment from London, and is also an Immigration expert related to the Cyprus property and financial market.
1. Fivos, thank you for joining us. Can you give a short intro to Aristo Developers?
As a reputable property developer for over four decades in Cyprus, Aristo Developers has been recognised for its high-level product by a plethora of local and international organizations. The Company is also the first “CLASS A” property and construction developer in Cyprus to be endorsed by the International Standards Organisation (ISO 9001) for quality.
Aristo Developers assures its services are built on the cornerstones of quality, service and commitment. Our successful performance is supported by an extensive client base of 14,000 satisfied home owners, and our proven track record for guaranteed delivery dates and title deeds.
With over 300 island wide developments, and 35 new projects currently in the market – the widest selection of freehold properties in the most exclusive locations offered by any developer on the island of Cyprus, Aristo Developers is also the pioneering force behind large-scale investments, such as the Venus Rock Golf Resort, theme parks such as the Aphrodite Waterpark, accredited educational institutions such as The International School of Paphos and Kings Avenue Mall – the most contemporary shopping mall on the island of Cyprus.
2. Can you go into more detail on each of your property developments?
Aristo Developers is one of the largest Property Developing companies in Cyprus, as well as the largest private land owner on the island with more than 30 years of extensive experience in the construction and Real Estate sector.
The Company’s professionalism and expertise combined with a wide range of tastefully designed projects, a highly professional after sales service, invaluable property management and strong commitment towards its customers, have allowed Aristo Developers to become the market leader.
Since its establishment, the company has developed a plethora of projects on the island of Cyprus. Spanning over three decades, Aristo Developers is internationally-renowned for its exclusive locations and credible building techniques. Currently and with a property portfolio over fifty projects, the potential buyer is presented with an impressive range of freehold properties which include apartments, townhouses, private residential developments, exclusive villas, retirement havens and luxurious golfing estates. In addition to its vast portfolio, Aristo Developers includes an extensive selection of plots and large-scale developments, suitable for investment purposes.
Aristo Developers is a pioneer in the fields of design and construction, developing diverse projects such as golf resorts, water parks, schools and shopping malls. Some of these include:
- Venus Rock Golf Resort (www.venusrock.com)
- Paphos Aphrodite Water Park (www.aphroditewaterpark.com)
- International School of Paphos (www.paphosinternationalschool.com)
- Kings Avenue Mall (www.kingsavenuemall.com)
3. When you speak with investors, what are the main points you emphasize?
As the leading Cyprus property developer, Aristo Developers is a key partner in establishing Cyprus as a world-class investment destination. Our Company proactively promotes the enhancement of Cyprus’ competitive environment, advocating reform and maximising FDI, for the economic and social benefit of Cyprus. Acquiring property in Cyprus, either as an investment or as a second home, has always been a popular choice among foreign investors.
4. Why should APAC investors look to Cyprus?
Cyprus has long established itself as a thriving business hub, with a vast array of investment opportunities in key growth sectors of the economy. The island’s ideal strategic location, advanced infrastructure and high quality of life do not only represent key reasons to relocate and live on the island, but are also at the heart of an investor’s choice to invest in Cyprus.
The island country is a modern, cosmopolitan, transparent business centre offering opportunities for investment across a wide range of sectors. A combination of high quality of life, year-round sunshine and natural beauty, ease of doing business and investment incentives offer investors an attractive experience in terms of both living and doing business.
Cyprus has a simple and transparent tax system with one of the lowest corporate tax rates in the EU and multiple exemptions for both corporates and individuals.
5. Can you highlight some recent positive news?
- As a European Country, Cyprus was voted the safest country in the European Union (ValuePenguin 2015)
- Cyprus’ economy proved to be resilient (4%) by outperforming the EU GDP growth (2.2%) in 2018
- Thriving real estate industry with property sales to foreigners constituting more than 47% of the island’s real estate sales
- Increasing rental yields generated by holiday home leasing
- Laws safeguarding property buyers first
- One of the lowest corporate tax regimes in the European Union (12.5%)
- Attractive tax system (Double taxation treaties with 52 countries)
6. What is unique about investing into properties in Cyprus? What make Cyprus different from other jurisdictions?
Being a historically key pillar of the Cyprus economy, the real estate and construction sector have experienced remarkable growth in the past years, manifested in increased demand and activity levels, prestigious large-scale projects, incentives and an influx of foreign investment.
The island is an ideal investment gateway to the European Union, as well as a portal for investment outside the EU, particularly into the Middle East, India and China. As a member of the wider EU and Eurozone community, Cyprus ensures safety and stability for investors, while also offering them market access to more than 500 million EU citizens.
The local infrastructure is ideally suited for business people who need to get things done. Thanks to its modern road network, extensive port facilities and two new international airports, travel and transport in and beyond Cyprus is fast, efficient and cost-effective.
Human talent constitutes Cyprus’ most compelling advantage, complemented by a broad range of high quality professional services. As a dynamic business centre, Cyprus offers an abundance of highly educated and skilled individuals, multilingual in their majority, ready to serve the needs of any business.
7. How is Cyprus shielded from global political tensions (Brexit, US-China trade war, etc…)?
Cyprus has all the right ingredients to maintain a strong and resilient economy, due to its small size, productive labour force, business friendly and flexible government. The government of Cyprus is committed to assisting investors and providing support whenever needed. The island offers stability, and an environment where investors can rely on to grow their business. Cyprus, as an international financial services jurisdiction, is a market that can accommodate one’s business needs and provide a compelling part of the Brexit solution, or any other result of a global political tension.
Find out more about Aristo Developers here: https://www.aristodevelopers.com/