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30th January 2023
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Government revokes two more passports

The government on Thursday said that it revoked the citizenship of two more individuals who had obtained Cyprus passports through the citizenship-by-investment scheme. Interior Minister...

Amend property VAT laws or else!

The European Commission has given Cyprus until mid-February to enact new legislation governing the levying of reduced VAT on properties, otherwise it will move...

Mortgage-to-rent scheme to get green light

Brussels hinted at approving the mortgage-to-rent scheme for distressed borrowers, urging Cypriot authorities to create a company dedicated to managing it. The European Commission's Directorate-General...

Female lawyer struck off the roll

A female lawyer has been struck off the roll by the Cyprus Bar Association's Disciplinary Board following a hearing that found her guilty of...

Mortgage-to-rent scheme in trouble

The Mortgage-to-Rent scheme, the government's latest lifeline for distressed borrowers, is in rough seas after the Finance Ministry claimed to be in the dark...

Europe issues VAT ultimatum on new homes

The European Commission has sent an ultimatum to Cyprus regarding the island's abuse of the European Directive on reduced VAT when buying or building...

Land Registry department modernising its records

The Department of Lands and Surveys (DLS) said it will modernise and update its records so that each property is assigned to its owner...

Home buyers cheated state of €16.2 mln VAT

Over 270 people, mostly foreign investors eyeing a Cypriot passport, benefited from the reduced rate of 5% VAT for first-time home buyers instead of...

Bar raised for Cyprus retirees

UK and other non-EU pensioners eyeing a retirement home in Cyprus are being pushed to rethink their plans as authorities raise the bar for...

Temporary residency made harder for expats

Undoubtedly the law amendments on the registration and acquisition of a temporary residency permit in the Republic, published on the government website, will affect...

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