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All reports tagged with: "proposals"

Speeding up issue of Title Deeds

The Cyprus government is ready discuss ways to reduce the time taken to issue Title Deeds, which has tarnished the reputation of Cyprus as a safe place to buy property by overseas investors.

Online rented property regulation

Suggestions to regulate property in Cyprus that is offered for rent online through organisations such as AirBnB have been put to the House by MPs Averoff Neophytou and Elias Myrianthous.

Non-performing loans (NPLs) initiative

Following comments from the troika on the extremely high levels of non-performing loans (NPLs) the Cyprus government is preparing proposals to improve the insolvency and foreclosure laws.

Larnaca marina and port proposals received

Five proposals from various consortia have been received for the development of Larnaca marina and port following many years of delay and after the previous bidder Zenon Consortium failed to find the necessary funds.

Fundamental planning reforms

Fundamental reforms are underway to rationalise, accelerate and simplify the time consuming and complex procedures involved with the licensing and control of building development in Cyprus.

Tax incentives may cost €21 million

The property tax incentives designed to attract high-net-worth foreign investors to Cyprus could cost the government up to €21 million a year according to finance minister Harris Georgiades.

Guarantor’s proposals to troika

It is hoped that the troika of international lenders will approve the provisions in the fifth bill of the insolvency package so that it may go to the cabinet in early March for ratification and then to parliament.

Combatting construction sector decline

The Federation of Associations of Building Contractors Cyprus has submitted a number of proposals to the Government and political parties aimed at supporting the sector and creating conditions for its recovery.

Bank accounts for all EU citizens

Europeans will have the right to open a basic bank account in any country of the EU, to switch bank accounts and see what fees they are being charged under a new Directive proposed by the European Commission.

Homeowners call for simple and fair tax system

The Cyprus Land & Property Owners Association (KSIA) has called on the government to ensure that any new property tax system simple and fair and that it does not destroy an ordinary homeowner’s finances.

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