EXECUTIVE SUMMARY

Sotos One Group Investments Limited is a Limited Liability Company Registered by the Registrar of Companies under Cap 113 Section 15 [1] in the Republic of Cyprus. They hold a Certificate of Incorporation Number HE 386206 issued on July 12, 2018. The company was registered with the purpose of engaging in real estate business development. Real estate business development is a many sided business covering various aspects ranging from acquisition of raw lands to selling, renting or leasing of either fully finished or fully furnished properties. Mr. Soteris Ioannou founded the business in the late 1980s operating as a small entity in real estate and land development. It is only last year that he decided to register a company after having acquired extensive experience, excellence, efficiency and reliability in the business. The vision he provided over the years has enabled him to be one of the leading investors in real estate business development. At present, he has become a partner of choice for those who believe in smart and thoughtful real estate development that changes communities for the better. In fact, the owner is now a major player in property development whose expected expansionary activities is likely to lead to commercial real estate ownership. At present, the company wishes to purchase, develop and manage assets worthy Euros 7,605,000 (Seven Million Six Hundred and Five Thousand Euros Only) within the surrounding areas of the Nicosia Central Business District.

Sotos One Group Investments Limited is a Limited Liability Company Registered by the Registrar of Companies under Cap 113 Section 15 [1] in the Republic of Cyprus. They hold a Certificate of Incorporation Number HE 386206 issued on July 12, 2018. The company was registered with the purpose of engaging in real estate business development. Real estate business development is a many sided business covering various aspects ranging from acquisition of raw lands to selling, renting or leasing of either fully finished or fully furnished properties. Mr. Soteris Ioannou founded the business in the late 1980s operating as a small entity in real estate and land development. It is only last year that he decided to register a company after having acquired extensive experience, excellence, efficiency and reliability in the business. The vision he provided over the years has enabled him to be one of the leading investors in real estate business development. At present, he has become a partner of choice for those who believe in smart and thoughtful real estate development that changes communities for the better. In fact, the owner is now a major player in property development whose expected expansionary activities is likely to lead to commercial real estate ownership. At present, the company wishes to purchase, develop and manage assets worthy Euros 7,605,000 (Seven Million Six Hundred and Five Thousand Euros Only) within the surrounding areas of the Nicosia Central Business District 

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SOCIO ECONOMIC JUSTIFICATION

This project has both direct and indirect Socio-economic impacts and these include:
  •  Employment generation.

It is hoped that the project will generate more employment opportunities to both skilled and unskilled labour after the purchase of the real estate properties.
  • Government Revenue

Generation The project will generate a certain level of revenue to the Government coffers in terms of taxes during the years in operation. These taxes are as follows:
Corporate tax 30%: Euro 38,272.30 in year 2022 and Euro 65,986.83 in year 2036

CONCLUSION

The Statement of Income and Expenditure shows that this project is innovative. Profitability levels in the Trading, Profit and Loss Account shows improved performance in the purchase of real estate properties carried out by Sotos One Group Investments Limited.
The anticipated benefits and cost advantages to the lender and borrower allow meaningful consideration. In particular, the proposed project of extending business finance to the real estate company for development and improvement of housing in Nicosia, Cyprus is profitable. Based on the project’s feasibility and economic viability, this project is a good investment undertaking and available information in this Business Plan shows that it is commercially and economically sound.

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SOTOS ONE GROUP INVESTMENT LTD. is authorised and regulated by the Republic of Cyprus.