SKYLOUNGE_WINTER_EDITION 2020

One-on-one with Guilherme Monteiro

5min with Guilherme Monteiro 1. Your company “symbolizes the passion for Guilherme Monteiro - Managing Director unique properties with privileged locations in your Swan Real Estate reborn and exuberantly beautiful cities and coasts”, please tell us a bit more about your company and what makes you so special? Having been focused in the past decade of my career, The importance of values and traditions is embedded in as an advisor for overseas investments, it was time to our team’s DNA. That is why many of our investors, create a brand with which our clients could identify and who continue to be with us since the beginning of this trust. Swan was specifically designed to connect those project, are also the result of positive feedback from who come from aboard, to provide the most prestigious past referrals. and unique assets and services. In a culture where every minute counts, it was my mission to develop an 3. Among our readers are also seasoned private innovative real estate platform, that could pair the investors as well as institutional investors, always out solutions-driven mindset of the sector’s top talents in a for attractive yields and IRRs… - you do offer beside multifield team of experts, and the most advanced residential projects also development projects (e.g. digital tools, making the search and sell experience of income generating properties / on-and off-market), is our clients, completely intelligent and seamless. that correct? Currently operating with 3 base offices – Lisbon, Porto and Dubai, and more than a dozen partnerships, Absolutely. Although residential properties are our exclusively representing Swan all over the globe, we brand showcase, investment assets are the base of understand that a property is much more than just a most of our work. The key to Swan Real Estate success property. To elevate our clients’ experience, we must has been our capacity, not only to analyse the market treat every deal as a lifestyle management and a real but mainly, to act and adapt accordingly. We take a estate concierge service to personalize the support and very proactive stance over our portfolio and use most of advice on the various projects associated with our our team’s resources not only to compile the best client’s investments. residential assets but also to pinpoint, at any given moment the best high rentability assets. In such a 2. How has been your experience so far with foreign competitive field, information, privileged information, is UHNWIs (particularly from the GCC)? a prime commodity. And with our position in the market we are able to consistently connect different For me personally, it has been quite rewarding to see areas of interest and create unique investment how our tailormade services and resources have opportunities. Anyone can search for investment impacted the portfolio worth of our UHNWIs clients, properties, but not all agents have the expertise to specially from the GCC area, where we opened our first identify needs or expectations from 3rd parties and overseas office. Currently managing the Portuguese convert them in a potential high gross IRR to the Private portfolio of private and corporate investors alike, I think Funds and Corporate investors that we currently there is no better testament of the trust and reputation represent. achieved by Swan Real Estate, particularly among such particular audience, than our long-term partnerships.

4. Please tell us a bit more about the ARI Golden Visa We are at the ideal moment to invest in the housing and other attractive incentives for nondomiciled sector as the current crisis will stabilize the market, investors? creating the ideal environment for slightly lower prices, but higher yields The Portuguese ARI and RNH, for example, are two of the best investment programs currently available for 6. Finally: What’s the best piece of advice given to non-residents. Although not unique to the global you? market, as there are other European countries promoting similar incentives; the political, social, and It might seem a bit of a cliché but focusing on the economic conditions in Portugal, have helped make us endgame has always been my mantra. By setting a one of the countries with the best success rate. For the concrete objective, I can easily find the necessary ARI program for example, with the proper guidance and strength to sail through both the good and not so great support, investors can apply for a 5 years Schengen times. In this process, with the tranquillity of knowing Visa, and a Portuguese Passport, all associated with an where I’m headed, I can give myself the liberty to investment as low as 280.000€. As one of the first innovate, adapt and persist, in the strategies I create to agents in Portugal, to successfully manage and follow achieve my goals and to grow, both personally and up the ARI, in 2013 our initial clients, have thus professionally. successfully acquired the Golden Visa for them and their families, and achieved a steady yield close to 6-7%. Guilherme, we thank you for the interview. Now after the 5 years mandatory ownership have passed, they were able to transfer/sell, their investments with an appreciation of more than 25%. At the same time, with the RNH incentive, our processual and legal department are successfully guiding our HHNWI clients in managing their wealth, through a better framework in terms of taxation. 5. How do you see the housing market in Portugal To elevate our clients’ within the next 3-4 years? experience, we must treat every deal as a I believe we are at a turning point. Prices in Portugal lifestyle management have been skyrocketing for the past 4-5 years, with and a real estate investments achieving in average 15-25% of price concierge service… appreciation. This was the ideal set-up for major players to set base in Portugal, with large scale development projects taking place not only in Lisbon and Oporto, but also in the surrounding high-density areas. However, the rental market, particularly in the residential sector was showing some stagnation, driving off private investors from the housing market. With the recent, and still, ongoing pandemic situation, families were confronted with a new reality and the housing necessities mutated. Our Home, our space, has never been so important to us, and acting on that, we are already witnessing a considerable increase in demand for both sale and rentals. The last numbers showed a perseverance in the increase of the price/m2 (still far from the European average), and the latest forecasts point to a slight adjustment of values until the end of 2020, to resume its rise in mid 2021.

SKYLOUNGE Portrait Swan Real Estate SWAN REAL ESTATE™ symbolizes the passion for unique properties with privileged locations in our reborn and exuberantly beautiful country - Portugal. SWAN REAL ESTATE™ is the exaltation of a feeling resulting from unconditional love for the country where we were born and have been living and feeling passionately. For this we want the world to feel Portugal in the same way we do! For centuries Olisipo, now Lisbon, a city of varied charms, making hospitality its business card, was reborn with the rehabilitation of historic buildings, streets with lush trees, squares designed for the citizen, bicycle paths making it more sustainable, theatres, shows and museums with huge cultural offerings, making it an even more exciting, vibrant and attractive city. The metamorphosis of Lisbon has made it a pleasant destination, with a great quality of life, sought by many Portuguese and foreigners for living, investing or starting a new life in the capital of the 5th safest country in the world. SWAN REAL ESTATE™ is a Portuguese registered trademark designed to connect those who come from abroad, but also to those who make this country their home. Because Portugal has always one more surprise, one more secret to discover, one more beauty to admire, we have in our range, the most prestigious properties of this unique land that only the visitor can describe and, who visited and is far away does not forget the feeling, the very Portuguese feeling of SAUDADE, or lack of something, lack of this magnificent country always present with its daily life, authenticity, light, and millenary tradition. SWAN REAL ESTATE™ invites you to get to know our portfolio of unique properties in privileged locations in the city of Lisbon, OPorto and its surroundings. PORTO Office LISBON Office www.swanrealestate.pt Travessa Henrique Schreck, Rua Dom João V, 16B 192 - 4450-578 Matosinhos 1250-090 Lisboa T. +351220149102 T. +351 214015465 [email protected] [email protected]

A CUSTOMIZED AND EXCELLENT SERVICE WITH TRUSTED PROFESSIONALS SWAN REAL ESTATE™ supports owners, buyers / investors in the purchase and sale of their properties, adopting the excellence, confidentiality, privacy, security and professionalism as its slogan. For us proximity is how we express the involvement of our team in meeting the right opportunities for the needs expressed by our clients. We are transparent in the actions, proactive in the encounter of value solutions, deepening the relations with the client, aiming at the creation of patrimony and the best yield for real estate investment capitals. With our specialized team, we guarantee a universe of services, allowing the best use of resources applied. We identify buyers and target investors, in our network of partners, both national and international. We advertise through our promotional channels, the products, promoting opportunities. We monitor all actions taken and report on them. We develop adequate strategies through procurement, identifying purchase or investment opportunities. TUNING WITH THE MARKET SWAN REAL ESTATE™ professionals always find the best opportunities for those looking to buy, sell or rent real estate. We analyse the profile of each client and execute, with discipline, plans of action that pretend to surprise positively, taking in consideration the real objectives initially proposed. Our specially trained consultants have the skills to identify potential sellers and buyers of real estate, keeping up with them at the right time, and presenting the most appropriate solutions.



Villa Arinto

Why partnering up with us? DIFFERENT LEVELS OF REAL ESTATE MEDIATION WITH THE SAME LEVEL OF SERVICE SWAN REAL ESTATE™ combines the knowledge and competence of its professionals with the needs of owners, promoters, buyers and real estate investors in the realization of their business. The personalization of the contact with our interlocutors allows us to present tailored solutions to real estate projects throughout the country. Covering several market segments, SWAN REAL ESTATE™ is the ideal partner for those who demand speed, professionalism, knowledge, excellence and business solutions suited to their objectives in several real estate market areas.

SERVICES As part of the specialization strategy for activities in relation to the provision of complementary services and support to real estate brokerage operations, SWAN REAL ESTATE™ provides specialized information to decision-makers in matters such as: purchase and property sale, equity valuation, credit concession, insurance contracting, asset valuation, market research, real estate rehabilitation, among others. ‫مشتر‬ ‫صاحب‬ Buyer Owner ‫تأجير‬ ‫سمسار‬ Rental Real Estate Agent ‫مستثمر‬ ‫إعادة تأهيل‬ Investor Rehabilitation ‫الانتقال‬ ‫خدمة الكونسيرج‬ Relocation Concierge ‫استراتيجية التسويق‬ ‫القانون‬ Marketing Law

BUYER REPRESENTATION SWAN REAL ESTATE™ provides expert advice to real estate buyers, accurate and clear information on real estate market, immediate access to unique properties, the highest level of trust, integrity, efficiency and discretion. We also offer qualified assessment of business opportunities as well as exclusive access to some of the best market properties, many of which are not available to the public in general. REAL ESTATE SPECIALIZATION We assist clients purchasing real estate in more than a dozen categories: apartments, villas, shops, offices, land, as well as properties that require extremely specialized knowledge: luxury real estate, industrial real estate, buildings, hotels,etc... LOCAL KNOWLEDGE Our Real Estate Agents have a thorough knowledge of the local real estate market, with detailed information on specific real estate, and business advice with the best potential return on investment. EFFICIENCY AND DISCRETION We are committed to providing an effective, efficient and confidential service. We guarantee total discretion in your business, give prompt response to your needs, and adapt to your availability, providing a service of excellence at all times. INTERNATIONAL NETWORK SWAN REAL ESTATE™ provides unparalleled access to the global Real Estate market. We have the right experience and contacts in order to streamline international real estate transactions and help Customer interesting in transacting real estate abroad.

OWNER REPRESENTATION SWAN REAL ESTATE™ knows that selling a property is not just a business. The decision of placing your property on the market is a personal and emotional experience. Your property can be an extension of your personality, be part of your life, aspirations and memories. Despite the enthusiasm for the future, we know there will always be some nostalgia and warm memories along with a sense of belonging. SWAN REAL ESTATE™ and its Real Estate agents respect the complexity of your decision and represent your property the way it deserves. You will benefit from cross-marketing tools as well as powerful resources provided by our national and international network. Your property will be targeted to a qualified audience of influential buyers, international investors, business owners and other potential buyers. Our fast and effective approach to the market includes printed and digital material, social networks, national and international network of real estate portals, and we simultaneously reach the local, national and international potential buyers universe. Unlike the traditional real estate agent, we specialize in building partnerships with other agents, arranging meetings with private investors and agents, representing social, commercial and exhibition events, marketing online, and offering on going support in sales and marketing. We serve an international network of real estate buyers. Our knowledge of the local market and strong local partnerships immediately position your ownership among the market leaders.

DEVELOPER REPRESENTATION SWAN REAL ESTATE™ is partner of Real Estate Developers in the same model, foundation and principles of our residential business. The team of experienced professionals offers a fully integrated approach to representing new customers for luxury ventures from developers. The Development Group is comprised of leading real estate industry experts with various specialties including development, asset management, sales and private equity. SWAN REAL ESTATE™ is uniquely qualified to provide insights and strategies tailored to high profile customers and development projects. The individual background of each element of our team, together with a culture based on the concepts of collaborative integration, cooperation and partnership, brings a new vision to the sales and marketing areas. SWAN REAL ESTATE™ prides itself on providing its clients with informed and honest advice in order to achieve rigorous and achievable performance benchmarks. We believe that a solid foundation of research and analysis is the key to sound and informed decision-making in the real estate industry. Our research team provides market reports keeping our customers and sales professionals up to date in a constantly evolving market. Our CRM platform provides 'real-time' information while keeping our customers informed about the work in progress. Tagus Bay

The 5-star hotel Montcalm Royal London House is situated in the City of London right in the heart of the financial district and is known as the “City Sanctuary” with all its luxury amenities.

MARKETING MAX IMUM EXPOSURE - GLOBALSCOPE SWAN REAL ESTATE™ marketing is a fully integrated solution spanning from branding, web design, advertising, public relations and fully integrated solutions to buyers, sellers, promoters and investors, ensuring maximum exposure to the properties we represent. ❑ National & International Events ❑ National & International Portals ❑ International Buyers ❑ National & International Partners ❑ Real Estate Fairs & Exhibitions ❑ Social Networks ❑ Online Advertising

EXCLUSIVITY WIN-WIN SITUATION Established a clear relationship With exclusivity agreement, our clients and SWAN REAL ESTATE™ stand with their clearly defined role and efforts focused on one goal: Marketing or Buying real estate with the best return for the customer. Efficiency and Market Dedication With an exclusive contract signed with the Real Estate agent, this works for a clear purpose; Reaching your target price stipulated in the exclusivity agreement. You feel more motivated as there are no other mediators to benefit or undermine your work. You will work side by side with other commercials to reach your targeted price, and your interest is protected. Price Control not impugnation With many Mediators, manipulating an open list, the trend would be to bring the price down once the Mediator will try to attract all buyers with the lowest price. With an intelligent mediator, he controls the price and works hand in hand with other real estate agents to get the best deal. Point of Contact A point of contact, a person to secure the call. The best results with one person. Clearly it is extremely important to find the right mediator to achieve the best results in terms of price and satisfaction. In few words With a Real Estate Agent who knows how to take care of your interests, goals are achieved within the time frame. A WIN-WIN situation .

INVESTOR REPRESENTATION SWAN REAL ESTATE™ is committed to providing our investors the best guidance on buying and selling investment property including multi-family, commercial, office and retail buildings. Whether you are looking to start your portfolio or dispose of existing assets, we are here to help. Troia Ocean Villages

REAL ESTATE SERVICES - LEGAL Usually, buying a home is the most important financial transaction in our life. With that in mind, SWAN REAL ESTATE™ gives every customer the necessary attention by starting the process before entering into a sales agreement until the customer receives the keys. Our Legal Advisory Department follows every step of the way, guiding you through the process. This solution not only ensures the defence of your legal interests, as well as provides timely updates, response service and practical advice, reducing the stress often associated with acquiring a new house. From Real Estate Promotion to Golden Visas and Non-Resident Residents, Legal Consulting protects the value of our customer's investment. FINANCIAL SOLUTIONS Buyers often feel like one more, when going to the bank to apply for a loan. We work with several banks that really understand the situation of each customer and their goals. For many people, buying a home represents the culmination of years of hard work and saving. We understand this situation and our partners will respond to as many issues as necessary to ensure that each buyer and / or investor is completely comfortable with the lending process.

Snapshots of our portfolio Lake Villa





OPO Abade

OPO Abade

OPO Living Prados



Troia Resort

Troia



Look for the Silver Lining One-on-one with Romika Fazeli From the Arabian desert to the top of the mountains in Germany - A take on Romika’s recent journey from Dubai to Germany and what can we learn in these challenging times. 128

Steigenberger Grand Hotel & Spa Petersberg Romika Fazeli, our honorary member, founder of Emirates World Club and a professional coach gives us an exclusive insight into her private life during the pandemic. She tells us how she took some time off to be productive and left Dubai to spend one month at the top of the mountains in Germany, at Steigenberger Grand Hotel & Spa Petersberg. Steigenberger Grand Hotel & Spa Petersberg 129

Sixty second interview with Romika Fazeli Why did you decide to leave Dubai for the In this one month, I stayed mostly away from summertime and why did you choose this specific negative news and focused on myself, my senses place? and my own emotional and physical comfort. This helped me a lot to restore my energy. It is my Due to the pandemic, we all live in uncertain advice to everyone, to choose wisely the times which affect our emotions, mindset and our environment you are in. physical health. For the last six months, we have been dealing intensely with fears and frightening Even if it is for a short time, every human being news on a daily basis. However, in my opinion, it is needs some time off to recharge, especially during up to us how we manage our emotional state of a pandemic. We don't realise how much, mind in order to still be able to live a life and not consciously and unconsciously, our state of mind just to survive till this pandemic is over. I left has been affected. We are trained to be strong at Dubai in July and decided to stay for one month at our jobs and relationships and often we just keep the top of the mountains in Germany, at one of going without realising the actual pain. But my very favourite hotels, Steigenberger Grand sometimes it can be too late then. It can lead to Hotel & Spa Petersberg. Since 2015 I come once a frustration, aggression, breakdown or a burn-out. year and stay here for a while, mostly during summer. I always recommend highly to my clients who I coach to find an environment where nature plays It is my happy place. When I am here, I can sense a big role. Being in nature has so many benefits: it the long history of the hotel which is owned by reduces anger, fear and stress and increases the government of the Federal Republic of pleasant feelings. I clearly feel that exposure to Germany. The hotel has hosted hundreds of state nature also contributes to your physical wellbeing, guests from foreign countries, just to name a few: for example: reducing blood pressure, heart rate, Michail Gorbatschow, Queen Elisabeth II and muscle tension and the production of stress Nelson Mandela. Like a castle, the hotel stands tall hormones. over the mountains and the Rhine. All those Here at Steigenberger Grand Hotel & Spa components combined, create the perfect calming Petersberg, nature, history and luxury are atmosphere. As I am a very strong empath, I feel combined. In addition, everyone who knows me strongly the energy I am surrounded with, well, is aware that good food is very essential to therefore it is very important in which me. And frankly speaking, this is another very environment I am, especially when it comes to important factor why I particularly chose this very evolving my creativity. unique hotel. It has several restaurants from elegantly decorated fine-dining restaurants with Considering all these aspects, it was clear to me high-quality regional dishes up to a typical that I will write my book at Steigenberger Grand German Beer Garden with a variety of local food. Hotel & Spa Petersberg. The directors of the hotel lead this beautiful property with passion and a very strong personal touch. The team of the hotel makes you feel like a queen as a guest but also like a good friend at the same time. 130

… I would like to emphasise that Self-Care is not a One-Time process, it should be part of our lifestyle It sounds like a Self-Retreat, was it? Which other places will you be visiting before returning to Dubai? I always believe that Self-Care is the most crucial procedure in maintaining and/or developing a Well, it is very uncertain to plan right now but I have healthy relationship with yourself. It boosts your adapted my travel schedule according to the current confidence and Self-Esteem. Also, Self-Care is situation. necessary to remind yourself and others that you and your needs are important too. However, I have to say I am intending to stay for a while in Duesseldorf that it is one of the most challenging procedures where I grew up and studied. At the end of my trip, because it requires mental and emotional efforts. before flying back to Dubai, I am going to Bad And it brings up negative feelings of shame or guilt: Homburg which is very close to the vibrant business „I am indulging and I don't deserve this “. The good metropolis of Frankfurt. It will be another Self-Care news is that it is never too late to start with Self- Stay at the Steigenberger Hotel. I have known the Care, you can begin with small daily routines, you newly assigned General Manager Mr. Michael Kain just need to identify the specific sources of positive for a very long time as I have been a long-stay guest energy for yourself. at several Steigenberger Hotels where he was the General Manager. He has a unique and professional Some people consider going to the gym as a channel style to lead an exclusive five-star hotel which you to relieve their negative stress. I find swimming as a can truly feel while staying there. Mr. Kain definitely Recharge-Source for myself. And as Steigenberger is an expert in combining luxury with tradition, giving Grand Hotel & Spa Petersberg is a Spa hotel, it has a it a personal touch with modernity. wonderful wellness area with a swimming pool, a gym and even a Turkish Hammam. During my long The hotels he leads are always matching my very stay at the top of the mountains, I built in my daily high-demanding expectations as a guest. But coming routines some relaxing activities as part of my Self- from the luxury travel industry, plus being a Care procedure too.\" perfectionist, it makes your eye sharp and raises your expectations in all given aspects. The Steigenberger I would like to emphasise that Self-Care is not a One- Hotel Bad Homburg is a combination of relaxation Time process, it should be part of our lifestyle. How and recreation, situated by the oldest spa gardens of much time and effort we are able to invest in it, will Europe. I believe this is the best place for me to always vary, depending on the life phases we are at round up my trip to Europe and return with restored but it shall never be a neglected process and we shall energy and a fresh mindset, an accomplished project remind ourselves about its importance regularly. to Dubai. A pandemic is certainly a very difficult phase of life and I could have dragged myself into negativity and uncertainty but I did the exact opposite. I saw the positive side of this unusual time and took some time off to take care of myself, my senses and my book project and it has been the best decision.“ 131 Steigenberger Hotel Bad Homburg





Cyprus 134

One-on-one with Liene Vitola Evele

Liene Vitola-Evele, CEO Novum Tempus Solutions LTD SKYLOUNGE spoke with Liene Vitola-Evele from Novum Tempus Solutions 1. Your company has established itself as one of the top tier 2. How has been your experience so far with international Business Advisory and Investment Migration boutique firm high-net-worth-individuals in particular from the GCC ? in Cyprus, please tell us a bit more and what makes you so special ? Cyprus is on the crossroads of Europa, Asia and Africa, and territorially very close to the Middle East. Cypriots are a very Novum Tempus Solution LTD is a team of experienced business hospitable and welcoming society; we all feel at home here. I advisors with an extensive background in international had clients who bought property simply in order to meet the banking, business and real estate transactions. Each client requirements for the Cyprus Investment Program, but now request, in most cases, involves addressing a number of regularly spend their time on our beautiful island as they enjoy different types of issues. To obtain citizenship by investment in it so much. Historically, clients from the Middle East invest Cyprus, a client needs to buy real estate or establish a business significantly in the country. Like GCC countries, Cyprus takes on the island. Following this, their family needs to relocate, part in the One Belt, One Road program. There are direct bank accounts need to be opened, and the list goes on. flights to Doha on Qatar Airways and daily flights to Dubai on Therefore, a client needs a whole team of service providers to Emirates. There is also of course easy access to the United support them during this lengthy process. But how can this be Kingdom as Cyprus is still linked to Great Britain by being a organized easily in a foreign country? Novum Tempus Solutions member of the Commonwealth. All the above points was created to solve this precise issue. Our team has the mentioned give solid reasons to choose Cyprus as a new expertise with an established wealth of service providers to destination to relocate, which brings us to the significance and organize the best outcome for the client. We will act as relevance of the Novum Tempus Team. We work with managers; we will create a custom team with the appropriate personalities, not nationalities, and we are happy to take on specialists and coordinate their work. We can assist clients any new experience! even if they find it difficult to communicate with their own partners from a distance and report back to them. Our specialists know the exact questions to ask and always think ahead. With us, the client will save time and money as we share our own experience in our work. Nine years ago we too were foreigners in Cyprus! Funnily enough, it sounds like a sales pitch, but in this form, it is easy to express what makes us so special! . 136

3. We like your wording of ”Substance”, differentiating in 6. Finally: What’s the best piece of advice given to you? two categories (Substance for Business and Personal Substance), it indicates a structured and yet holistic Throughout my career I have worked with experienced approach towards your HNWI clients – if you can elaborate professionals whom I have learned a great deal from. After on that a bit. almost 15 years of working, I found myself in the company owner’s office discussing the end of my employment following One of the many reasons to work with us is that we always try a change in the business environment. The best piece of advice to make things as simple as possible for our clients. they gave to me was to continue with my own business. They This scary word ‘substance’ for most clients is a mystery. encouraged me to go on and succeed as my own boss, free to Almost everyone is asking what we need in order to have it. make my own decisions, and not be restricted by their rules. So But there is no one single formula. So we decided to separate it that is why I have this holistic approach for substance. I do into different elements that characterize it on both a personal things differently because I try to provide the answers that and a corporate level. Moreover, these should then be clients are looking for in a brief, precise and simple way and I combined in a way that there is logic and reason behind them. truly respect their time and money. I simply follow my We believe this makes it clearer and simpler. It also establishes professionals’ advice!. the family and business connection as well as the need to organize business in line with today’s requirements, so that the Liene, we thank you for the interview. whole family can benefit in the long term. 4. From all the Investor Residency Programs worldwide, the Liene Vitola-Evele is the Founder, CEO Cyprus Citizenship-by-Investment program has become one and Business and Investment Migration of the most favoured ones - would you agree on that ? Advisor of Novum Tempus Solutions LTD, Cyprus. She is also a Member of the I truly agree, and the reason is that the Cyprus Investment Investment Migration Council (IMC). Program is again only one of the important elements which As a Business Advisor Liene has a vast attract investors to Cyprus. Aside from that, Cyprus has a experience in Investment Migration. welcoming and accessible business environment, with With her critical thinker skill set, she is international agreements, a strong banking system, luxury real loyal, positive, and always motivated to estate, casinos, infrastructure, and tax incentives on both reach the best outcome and results for personal and corporate levels. There is a complex approach her clients, ready to take full that is essential when we talk about substance. responsibility on any decision made. She sees herself as a global citizen and a 5. How do you see the real estate market in Cyprus within versatile person, easy accepts changes. the next 3 years and how easy is it for Non-EU foreigners to Liene graduated from the University of purchase properties in Cyprus ? Lancashire in Larnaca with an MBM and LLM and holds 2 bachelor degrees from Becoming an owner of real estate in Cyprus is easy and will be the Riga Technical University (Latvia) in handled by us in cooperation with lawyers. We will carry out all Economics and Marketing. the necessary checks before moving on to the property Fluent in English, Russian and Latvian, purchase. All properties are registered at the Land Registry and and comprehensive level in German and owners receive titles when the property is completed. There is Greek, Liene has a high level of skills in also a great choice in the type of properties available – flat or communication and management of villa by the sea or in the mountains, where during winter there people and sales. She owns horses, loves is also the possibility of skiing. Another important factor reading and has an interest in social particularly for wealthy families is that there is no inheritance anthropology. tax on real estate. More details on all aspects of real estate ownership can be found on our website. Regarding the prospects of the real estate market within the next three years, I believe there are more competent real estate professionals who can better address this question. But what I do believe is that Cyprus is a small island that will always attract investors, which in turn, helps to maintain liquidity. Of course, significant research should be done in advance so as to choose the location and evaluate its value for money. 137

Advertorial Novum Tempus Solutions Being an expert in “substance”, Novum Tempus Solutions LTD was created to provide best solutions for families and their businesses. 9 years ago we the founders of Novum Tempus have discovered Cyprus for ourselves and now enjoying a combination of peaceful living in the Mediterranean with a developed English- and Russian-speaking business environment. We will share our experience on such matters as relocation to Cyprus, establishing your life and business here in Cyprus, as well as our failures in order to save your money and time. We also have a network of different proven service providers in Cyprus that can help you achieve your business goals and personal needs here. Novum Tempus Solutions LTD T. +357 96562312 70 Griva Digeni Str., House 3A, (WhatsApp, Viper, Telegram, Signal) Agios Tychonas, Email: [email protected] Limassol 4521, Skype: liene.vitola-evele.w Cyprus Website: www.novumtempus.com.cy Member of 138

Substance for Business Substance for Business This scary word became tough reality for the companies that need a working bank account abroad to conduct international business transactions and to benefit from international tax planning, as latest court decisions and changes in EU Law have shown. Moreover, business substance is now extended to the level of business owners' substance. Lack of attention to issues related to substance may cost a fortune to a business and even turn out a question of survival. Services • Setting up company • Business management • Relocating to Cyprus / redomicile • Accounting and audit • Running office • Bank account • Restructuring business structure & assets • Hiring and managing staff • Tax planning & Legal support • Creating details for substance

Novum Tempus Solutions is a family-operated business with a personal touch and responsibility for results, managed by professionals.

Personal Substance Services Our holistic approach to • Tax residency substance. • Non-Dom status • Citizenship by Investments • Permanent Residency by Investments • Due-Dilligence portfolio Citizenship by Investment Additional passport can be a “Plan B” to safeguard yourself and family in case of political or economic instability your own country. It gives mobility to travel around the world or to spend enough time in other countries, no matter for business, health or any other reasons, as well as access to the best universities worldwide for your children. We will find the best solution in order to satisfy your goals. Permanent Residency by Investment Presence in a specific country can be achieved also through permanent residency programs through investments in real estate. It is cheaper and faster than Citizenship by investment, as well as faster and easier than usual permissions. It is important to know that in most cases after obtaining such a residence permit a person can naturalize as a citizen. Holders of the EU residency can also benefit from Shengen access.



Novum Tempus Solutions LTD covers the following countries: • United States • Canada • Portugal • Spain • Malta • Monaco • United Kingdom • Cyprus • Grenada • Thailand



From the moment when the investment option is chosen.  Concurrent to point 2 below.  Concurrent to a.m. point 1 Permanent Residency Cards are issued after 2 weeks  Concurrent to point 5 below 145

National Health Insurance System (NHIS) The National Health Insurance System (NHIS) took effect in Cyprus form 1st March 2019. 146

We are here to save your time and to help you concentrate on your business and family. Relocation, business and property management are our main areas of expertise.

Real Estate Real estate ownership is an essential evidence, for substance both on individual and corporate level. We provide full assistance in the following areas: • Rent • Purchase • Management Expert advice on • Acquisition of Immovable Property by EU Citizens • Acquisition of Immovable Property by Non-EU Citizens (foreigners) • Property Taxes 148



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