Cyprus legal system and regulation - Insights and updates

What are the Proposed Tax Department Powers? In recent legislative discussions, the Cyprus Tax Department has suggested a contentious provision to seal premises of non-compliant businesses. This proposal forms part of an extensive tax reform aimed at enhancing tax compliance in Cyprus. The measure targets firms with significant lapses such as failing to submit tax returns for two years or owing substantial unpaid taxes. The intent is to enhance visibility of tax compliance en

Cyprus is known for its strategic geographical location and attractive residency programs, but the island is currently facing a challenging housing crisis. The recent Town Hall by TechIsland highlighted the impact of rapid population growth on the real estate market, presenting a complex problem requiring immediate attention. Why is Demand Outpacing Supply? Cyprus' population has grown significantly, with around 75,000 new residents since 2021, yet only about 43,000 homes hav

What is the significance of the new tax reform package in 2025? In an unexpected move, Cyprus's Cabinet approved its first comprehensive tax reform in 22 years. Labelled as a "flagship project" by Finance Minister Makis Keravnos, the reform aims to distribute the tax burden more evenly across different income groups. Its focus is to support middle and low-income earners alongside small and medium-sized enterprises, which form the backbone of the Cypriot economy. What tax reli

As Cyprus aligns its regulations with EU directives, recent legislative changes aim to refine the screening process for Foreign Direct Investment (FDI), focusing on national security. This development is set to influence diverse strategic sectors, including real estate. For those looking to invest in Cyprus, understanding these updates is crucial. What Does the New Foreign Direct Investment Legislation Entail? In essence, the law introduces a national mechanism to monitor for

The Cyprus construction section has shown a remarkable upward trend in 2025, as evidenced by the latest data. But how does this surge...

Foreign nationals outside the EU have significantly influenced the Cyprus property market, accounting for 27% of total sales in 2024....

In recent developments, the flexibility of Cyprus' outdated property law has been brought to light, enabling nationals from third...

The launch of new affordable housing schemes in Cyprus has sparked considerable interest. With over 560 applications already submitted,...

What Drove the Growth in Cyprus’ Construction Sector? The construction sector in Cyprus witnessed a notable upswing in 2025, with its...

The property market in Cyprus is undergoing significant legal changes that could impact buyers and sellers alike. The recent vote by the...

Cyprus has quietly emerged as an appealing destination for those seeking residency in Europe. With its stunning Mediterranean beaches,...

What is the Impact of UK Non-Dom Tax Regime Abolition? As of April 2025, the Finance Act in the United Kingdom fundamentally altered its...

Cyprus is a land not just of stunning beaches and Mediterranean allure but also of promising real estate prospects and opportunities. For...

Why Is There a Suspension on Property Repossessions in Cyprus and How Does it Impact the Housing Market? The Credit Acquisitions and...

Cyprus is poised to undergo a significant tax reform, as outlined by experts from the Centre of Economic Studies at the University of...

In today's increasingly connected world, the concept of a 'digital nomad' has captured the imagination of many. Cyprus, known for its...

When considering property investments in Europe, Cyprus, Spain, and Portugal often stand out as top choices. Each of these Mediterranean...

A significant event is about to take place in Cyprus that may well shape the future of its business environment. The Cyprus International...

What Does the New Fund Mean for Cypriot Startups? Cypriot startups are entering a new era of opportunity with the announcement of a €26...

What Changes Have Been Made to the Law in relation to Properties in Northern Cyprus? The Cyprus House of Representatives has recently...