P. HARAKIS – Pioneers in Property Since 1937

December 12, 2015

Panicos Harakis, our founder, began the company with a business focus in providing customers the reassurance of affordability and security when buying property. This vision is still kept alive today, with the company providing full support to customers through a range of services in relation to property acquisition, property maintenance and performance.

The company owns 1,460 acres of prime land, predominantly in the Limassol district and has established itself as a leader in land development. This entails accumulation of land plots by acquisition and development into housing plots providing full landscaping, road access and utilities. Our project portfolio is mainly residential, but also includes office, retail, commercial and sports development projects.

P. Harakis Ltd has developed some of the most prestigious properties in Limassol; Eftapaton Business Court in the city centre, Agios Georgios residential complex in Polemidia, Nova Sport club in Mesa Yeitonia, Hara Zoe Villas in Ayios Athanasios and Hara Elite Home, a high-end residential project in Yermasoyia. The latter two projects are currently under development.

Obtain European Citizenship or Cyprus Permanent Residence with an Investment in Cyprus

The Cypriot Government has recently set out certain guidelines to enable non-Cypriot citizens to obtain Cypriot Citizenship via investment. The required financial criteria can be met either personally or through a company or companies in which he or she participates as a shareholder.

Cyprus (EU) Citizenship

Cyprus offers arguably the most attractive citizenship scheme by investment criteria in the EU. The new immigration initiative is aimed at non European migrant entrepreneurs and investors who are prepared to invest in Cyprus. The investment allows an applicant (and thereafter the applicant’s family) to hold a Cyprus passport with all the benefits of a Cyprus citizen, such as, free movement within the EU. The scheme is based on a ‘fast track’ process and applications for citizenship are examined within 3 months. Successful applicants receive Cyprus passports immediately.

To qualify, an investor may apply as part of a pool of investors unknown to him, and must acquire one of the following (combinations also allowed):

€2.5 million in Cyprus state bonds
€2.5 million in financial assets of Cypriot companies or organizations (corporate bonds, equity, debentures)
€2.5 million in Real Estate, Land Development and Infrastructure Projects
€2.5 million in a business entity with a head office and business activities in Cyprus
€5 million in fixed term deposits for at least 3 years

There are certain techniques to reduce exposure to the financial assets above. All applicants must possess a clean criminal record and a permanent residence in Cyprus worth a minimum €500,000. The residence requirement is not applicable to criteria (iii.) investors if they had invested €2.5 million in a single residence only.

Cyprus Permanent Residence

A Category F Permanent Residence permit in Cyprus provides that all family members may acquire a permanent residence permit simultaneously. Procedure of obtaining the residency permit takes around two months.

Applicants must have a minimum annual personal income of €30,000 sourced from overseas plus another €5,000 for each of the applicant’s dependants. Residential property costing at least €300,000 must be purchased in Cyprus and €200,000 of the purchase cost must be settled. Applicants should also deposit €30,000 for a fixed period of three years in a Cyprus Bank, transferred from abroad.

Hara Elite Home

Hara Elite Home is a high-end residential project located in lower Yermasoyia, Limassol in very close proximity to the seafront. Boasting sea views from all apartments, this niche and super-eco-friendly development offers unparalleled amenities whilst aiming to provide ease and comfort through latest Smart Home facilities.

Apartments:

A selection of large 2 or 3 or 4 bedroom luxury apartments are available from Hara Elite Home. Beautifully, yet intelligently designed, to help you make the most of space and comfort; all apartments have a modern open plan design and benefit from sea views throughout their entire length, particularly from the spacious covered terraces.

Without exception, all of the residences feature a large master bedroom with an en suite bathroom and extensive closet space. Each apartment comes with an exclusive 28-33 square meters of individual basement space for residents to use as they wish. This private area has light emanating windows and can be used as a maid’s room, utility room, storage room, wine cellar or combinations thereof.

There are two additional Penthouse apartments available offering unparalleled luxury and breathtaking views.

Amenities/features

Controlled Access – Providing our residents with safety and security within their home is of upmost importance to us. Our Controlled Access system into the building, guarantees that the complex is fully secure at all times.

Parking – Parking facilities are available for every resident. With 2 covered spaces allocated to each apartment, you will always have a secure place to park your vehicles.

Child Playroom – A Child Playroom is also available for the younger residents, providing them with a fun place to stay occupied and interact with other children, whilst ensuring they are always safe and out of harm’s way.

Swimming lap pool, Spa and Gym – With access to facilities such as a swimming lap pool, spa and gym; exclusive to our residents, Hara Elite Home enables you to achieve a healthy, balanced lifestyle.

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Smart home technology – Innovative home automation technology is integrated throughout our apartments with no contracted fees. We have specifically designed an exclusive Hara Control App; with a customizable interface, which allows you to manage your Smart home effortlessly.

Energy performance – In addition to all the above technologies for energy performance, in order to achieve the A+ Energy Classification, the building will be fitted with PhotoVoltaic panels on the roof to assist with common area energy needs. What is more, all lighting will be LED for lower energy consumption and all facade systems will be treated for maximum performance against energy losses.