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RAOC Gazette - page 301

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Corps RAOC
Material type Journals
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Full title RAOC Gazette
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Publication date 1980
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Colour Yes
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Early date 1980
Late date 1980
Transcription THE RAOC GAZETTE
ADVERTISEMENTS
TEN COMPELLING REASONS WHY
YOU SHOULD CONSIDER RETIRING
TO CYPRUS
1. YOUR INDEX LINKED RETIRED PAY is geared to the.rise in the cost of living in the United Kingdom which
is consistently higher than that of Cyprus—i.e. you can improve your standard of living year by year.
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2. A DOUBLE TAXATION AGREEMENT means that you pay NO tax in the U.K. on money remitted to Cyprus.
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3. BECAUSE YOUR RETIRED PAY IS PAID IN EXTERNAL
you only on a scale of from 0%—6%—after allowances—thus
only about £50 a year. Income from your investments is treated
on the tax saving.
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CURRENCY the Cyprus Government charges
on an income of £5,000 a year the income tax is
in a similar way. You can almost live in Cyprus
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4. THERE IS NO ESTATE DUTY for foreigners domiciled in Cyprus on property which they have purchased with
currency external to Cyprus.
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5. THE BASIC COST OF LIVING IS CHEAPER. Although petrol is slightly more expensive, butter, cheese and
pork for example are all about 40p a lb. (88p a kilo). Fruit and vegetables in season are practically given away
and two of you can dine out for £5 including a bottle of wine.
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6. TALKING OF WINE. A great variety of wines of good quality are available at about 40p a bottle and bulk wine
(very drinkable) is available at the equivalent of 17p a bottle.
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7. COMMUNICATIONS BY AIR, SEA AND TELEPHONE to the United : Kingdom and elsewhere are very
efficient
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8. There are miles and miles of unspoilt beaches and the Cyprus Tourist Board practically guarantees that the sun
shines for 340 days a year. Cyprus has long warm dry Summers and cool Winters when it is easily possible to ski
in the picturesque Troodos mountains and one hour later to swim in the Mediterranean.
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9. THE FRIENDLIEST NATIVES in the world whose hospitality is instinctive. Most of them speak English and
they drive on your side of the road. Mugging and vandalism are unknown in Cyprus and theft is rare.
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10. JOHN THEODOROU (ESTATES) LTD., IS BUILDING FOR YOU. Eight miles west of the city of Limassol
and four miles east of the British Sovereign Base area of Episkopi and situated on the low hills just north of the
village of Erimi, a self contained village is being constructed. It will contain some 90 bungalows and houses of
various attractive designs and facilities will include:—a swimming pool, two tennis courts, a squash court, a
restaurant and members club. In addition there will be a mini-market and a hairdresser. From CY £23,000 for
a two bedroomed bungalow with spacious patio and verandah areas this represents the best value in Cyprus at the
moment. A 25 % deposit will protect you against rising prices and the balance may be paid, if required, over a five
year period. Delivery will be made in under two years from the date of signing the contract and the entire village
should be completed in four years time. A furnishing service is offered if needed. To enable you to inspect the
site, meet our architect and discuss your choice of interior decor etc., we have a visit refund scheme for purchasers.
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When you have considered it write for further details t o : —
JOHN THEODOROU (ESTATES) LTD.,
109 PAPHOS ROAD,
LIMASSOL,
CYPRUS.
TEL: (051)71902
TELEX: 2871 CY
— 242 —
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Book number R0404