This is factual material from public sources, collected by the editorial team — not the opinion of an expert, not a financial rating, and not a "good/bad developer" judgment. Mentions of court cases, investigations, or individual findings below are not an accusation of wrongdoing; see the legal disclaimer for more.
Additional verified data
Construction contractor license
A direct match with the name D. Zavos Group or any of the group's four known legal entities (D. Zavos Group (Larnaka) Limited, D. Zavos Group Builders Ltd, Larina Estates Limited, D. Zavos Group Management Services Limited / formerly 'D. Zavos Group (Paphos) Limited') was not found either in the Limassol 'Τεχνικά' (Technical works) catalog or in the Larnaca 'Οικοδομικά' and 'Τεχνικά' catalogs of the Cyprus Council for Registration of Building Contractors for 2026 — this supplements the previously checked Limassol 'Οικοδομικά' catalog, where there were also no matches. Thus, the developer itself has no active construction license in any of the checked districts and categories. However, independent and verifiable disclosure of a specific general contractor was found: the company's own corporate publication, Atlas Pantou's 'Pantoumazi' (issue 5, July-September 2020), states that for the flagship project 'Limassol Del Mar' (developer — Cypeir Properties Ltd, a joint venture of Leptos Group and D. Zavos Group), the general contractor is the AMIC Contractors consortium led by Atlas Pantou Co Ltd (together with Man Enterprise, ICM Group, and CMB Societa Cooperativa). Atlas Pantou Co Ltd itself is confirmed as a licensed first-class (Α΄) contractor in the same Limassol 'Τεχνικά' catalog (reg. No. 2763/1987/ΛΕΜ). This corresponds to the 15-point tier: the developer itself has no license, but a specific third-party general contractor is independently disclosed and confirmed by sources.
- Cyprus Council for Registration of Building Contractors — Limassol Technical ("Τεχνικά") register 2026, checked for ZAVOS/D. Zavos/Larina — no match
- Cyprus Council for Registration of Building Contractors — Larnaca Building ("Οικοδομικά") register 2026, checked for ZAVOS — no match
- Cyprus Council for Registration of Building Contractors — Larnaca Technical ("Τεχνικά") register 2026, checked for ZAVOS — no match
- Atlas Pantou corporate newsletter 'Pantoumazi', Issue 5 (Jul–Sep 2020): names AMIC Contractors JV (Atlas Pantou Co Ltd – leader, Man Enterprise, ICM Group, CMB Societa Cooperativa) as Contractor for Limassol Del Mar, developed by Cypeir Properties Ltd (JV of Leptos Group and D. Zavos Group); confirms Atlas Pantou holds a first-class ('Α΄') contractor's licence
- Atlas Pantou Co Limited licence entry (reg. 2763/1987/ΛΕΜ, class Α΄/Α΄) in the same Limassol Technical register, corroborating the contractor's genuine licence status
Legal entity
Official registry data (via CyprusRegistry.com, based on data from the Cyprus Registrar of Companies) confirms that Michalis (Michalis D.) Zavos is listed as director, and D. Zavos Group Management Services Limited as secretary, consistently across all four main named legal entities: D. Zavos Group (Larnaka) Limited (HE140497, active), D. Zavos Group Builders Ltd (HE314640, in the process of a 'strike-off notice'/liquidation), Larina Estates Limited (HE22554, active), and the former 'D. Zavos Group (Paphos) Limited' (HE17424), which in the current registry data now appears under the name 'Artler Ltd' — with the same director and secretary, with no public explanation of the renaming. The group's own website (zavos.com/team) publicly names the real executives — Michalis D. Zavos (CEO), Demetris M. Zavos (chairman), Kristie Zavou (Executive Director/Head of Legal), Elina Zavou (Executive Director of Sales) — which matches the surnames from the registry, meaning real named directors are both in the registry AND publicly disclosed by the company itself (10/10 for real_directors). At the same time, the group nowhere explains or publishes the scheme of the roughly 44 related structures mentioned in the brief (this is not even mentioned on the 'About Us' page); the links between the legal entities can only be reconstructed manually via the registry (5/10 for structure_explained). For completeness: the four main operating legal entities are consistently and clearly linked via a shared director and a shared secretary, as confirmed by the registry, but the full list of ~44 related companies (the very role of D. Zavos Group Management Services Limited as secretary to approximately 44 firms confirms the scale mentioned in the brief) is nowhere publicly listed, and the unexplained renaming of the Paphos entity to 'Artler Ltd' is a small but noticeable gap in the consistency of disclosure (5/10 for completeness). Total for the factor: 20/30.
- CyprusRegistry.com — D. Zavos Group (Larnaka) Limited, HE140497: Director Μιχάλης Δ. Ζαβός (Michalis D. Zavos), Secretary D. Zavos Group Management Services Limited
- CyprusRegistry.com — D. Zavos Group Builders Ltd, HE314640: Directors Μιχάλης Ζαβός and Ξενοφών Ξενοφώντος, Secretary D. Zavos Group Management Services Limited
- CyprusRegistry.com — Larina Estates Limited, HE22554: Director Μιχάλης Ζαβός, Secretary D. Zavos Group Management Services Limited
- CyprusRegistry.com — HE17424 (formerly 'D. Zavos Group (Paphos) Limited', now shown as 'Artler Ltd'): same Director Μιχάλης Δ. Ζαβός / same Secretary
- D. Zavos Group official website — Team page: publicly names Michalis D. Zavos (CEO), Demetris M. Zavos (Chairman), Kristie Zavou (Executive Director/Head of Legal), Elina Zavou (Executive Director/Sales Director)
- D. Zavos Group official website — About Us: presents the group as a single unified brand, with no organogram or explanation of the multi-entity/SPV structure
Town planning permits
D. Zavos Group's own project pages (zavos.com/projects and related sections) and the separate website for the Limassol Del Mar project (limassoldelmar.com/development) list architects, engineers, and quantity surveyors, but do not state specific town-planning or building permit numbers. The only mention found of permit documentation is a general, unnumbered statement on the marketing page of the joint-venture partner (Leptos Group, cyprusinvestments.com.cy) that the project 'has a town planning permit in place, currently being revised' — that is, a general statement with no permit number and no institutional (municipal/Department of Town Planning) publication. No institutional sources with a specific permit number could be found for any Zavos project. This corresponds to the 10-point tier — only a general developer statement (via a partner), with no specifics.
- D. Zavos Group official project pages (Limassol Del Mar, Address by the Sea, Aqua Park Resort) — no permit numbers disclosed
- Limassol Del Mar official development page — names architects/engineers/QS but no permit number
- Leptos Group 'Del Mar' page (JV-partner marketing site): general unsourced claim that the project 'has a town planning permit in place, currently being revised' — no permit number, not an institutional publication
Collected from public sources (contractor registry, company registry, press). A fact not found means "not found in public records," not "doesn't exist."
Portfolio scale
- Founded
- 1980
- Claimed projects
- 130-170 (the figure grows from source to source — 2024: 170; profile: 160, of which 130 with separate title deeds)
- Shown in dataset
- 5
117 out of 130 with separate title deeds (~90%, per one source)
Cyprus Profile: D. ZavosContact information
- Address
- 1 Grivas Dighenis Ave, Zavos Kriel Court, Limassol 3035
- City
- Limassol
- Phone
- +357 25 818 555
- Website
- zavos.com
- Opening hours
- Mon-Tue,Thu-Fri 09:00-13:00,15:00-18:00, Wed 09:00-13:00
- Founded
- 1980
Projects (5)
Limassol Del Mar (JV)
Limassol
A joint-venture (JV) development in Limassol.
Arion Court
Limassol (Petrou & Pavlou/Papas area)
A residential complex in the Petrou & Pavlou/Papas area of Limassol.
Sunset Court
Limassol (Omonoia area)
A residential complex in the Omonoia area of Limassol.
Sun Valley Villas Phase II
Palodia, Limassol
A villa complex (Phase II) in Palodia, Limassol.
Extended dossier
Corporate structure
- Founded
- 1980 (independently confirmed: cyprusprofile.com, zavos.com, cbn.com.cy, LinkedIn — differs from the previously stated 1975)
- CEO
- Michalis (Michael) D. Zavos
- Owners
- the Zavos family
| Legal entity | Registration | Address / note |
|---|---|---|
| D. Zavos Group (Larnaka) Limited | HE140497 | registered 12.08.2003, active |
| D. Zavos Group Builders Ltd | HE314640 | registered 09.11.2012; status — 'three-month notice' (in strike-off/dissolution proceedings) |
| Larina Estates Limited | HE22554 | active; party to the VAT fraud conviction (01.2025) |
| D. Zavos Group Management Services Limited | — | corporate secretary for ~44 affiliated group entities — a structure of multiple SPVs typical of Cypriot developers |