Newzoe Developers

Newzoe Developers

Newzoe Developers is a group of companies with a long history in the Cyprus real estate property market. As a member of the Palourtis Real Estate Agents Ltd. Group established in 1970, we specialize in the real estate 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 walking distance to Dekelia road. Our projects are all 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.All our real estate property projects are close to the beach and in Larnaca town center, American university of Cyprus, American Academy, Larnaca Marina. We also have a long-standing real estate agency with an experienced and professional sales force that completes the package of full service offered to our clients. After-sales service is also a must for us.

Decades of experience

in the Cyprus property market have helped us choose our projects carefully

High quality construction of real estate units. Apartments, apartments, villas, bungalows
Excellent location either walking distance from the beach, Larnaca town centre, close to Larnaca Marina
Real estate units Title deeds guaranteed
No mortgage on any property of our Real estate development company
Properties Easy to rent out due to location close to Larnaca sandy beaches, or Larnaca town center, museum, famous Finikoudes promenande

New Zoe Developers Projects

Corporate Tax

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: Exemptions in respect of dividends received from other companies
No tax on capital gains derived from the disposal of securities, provided the disposed company does not hold any immovable property in Cyprus.
Generally no withholding taxes on payments from Cyprus.
Tax relief of foreign tax paid
Introduction of Notional Interest Deduction (“NID”) on ‘New Capital’ contributed and paid to Cypriot companies from 2015 onwards
Cyprus tax resident companies benefit from Cyprus’ extensive double taxation treaty network with over 43 countries worldwide

Legal System

Cyprus is a common law jurisdiction. Cypriot law is reliant on precedent extracted from the English common law for stability and finality. The Republic of Cyprus is a democracy with a presidential system of government. The President is elected for 5 years directly by the people in a secret ballot with universal suffrage.Ownership in Cyprus is safeguarded by the provisions of the Constitution that is the ultimate Law of Cyprus, which establishes the equality of all persons and respect for human rights, including the right to ownership, without discriminations. People residing in Cyprus can enjoy all rights relating to ownership of their property without any interference either from the State or individuals.
All rights associated with immovable property, land surveying, cartography, registration, transfer and mortgage of immovable property, ownership of land, evaluation of immovable property and management of state land are monitored and protected by the Department of Lands and Surveys which is the competent Government Service that provides services related to immovable property in general.

New Zoe Developers

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.

    Managing Director
    George Nicola
      Managing Director
        Sales Manager
        Gregoris Adamou

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        “Decades of experience in the Cyprus property market have helped us choose our projects carefully”

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