Newzoe Developers Ltd, a member of the Palourtis Real Estate Agents Ltd. Group established in 1970, is a company in the development of land and the construction of high standard tourist and residential complexes in selected locations. Our priority is to build units of the highest standard, in the center of Larnaca area and near the sea.
All projects are sponsored by the company without any mortgages, along with timely issuing of property title deeds, and good locations which are the 3 essential requirements of our current prospective buyers. On this occasion, we thank our customers for the trust they have shown us since 1970 – 50 full years of reliance !!
Today the group consists of 4 subsidiary companies, each developing a separate project close to the beach and in Larnaca town center. Additionally, a long standing real estate agency with an experienced and professional sales force completes the package of a full service offered to our clients. After-sales service is also a must for us.
Corporate tax is charge at a flat rate of 12,5% on the taxable profits of a Cyprus tax resident company.
Various tax exemptions apply such as:
Mr. George NicolaManaging Director
Mr. Adamos PalourtisManaging Director
Mr. Gregoris AdamouSales Manager
Security, reliability, honesty are a few of the qualities we offer our clients with their purchase. These qualities have helped us establish long standing relationships with clients and business associates both in Cyprus and abroad.