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1st October 2022
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MPs seek deal on reduced VAT for new homes

MPs seek a compromise on reduced VAT for first homes after the European Commission initiated infringement proceedings against Cyprus over the discount. Green MP Stavros...

Compromise VAT bill on new homes

The government has retabled a bill for reduced VAT on first homes, aiming to find the sweet spot between MPs' concerns and the European...

Law firms failed due diligence for golden passports

According to the Bar Association, some of Cyprus' largest law firms lacked due diligence checks on foreign investors granted a Cypriot passport via the...

Golden passport scheme ‘rotten’ to its core

The Cyprus Citizenship for Investment (a.k.a Golden Passport) scheme was "rotten" to its core, while several actions of government officials could constitute criminal acts,...

President signs controversial foreclosure law

A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused...

Freeze on property foreclosures extended

Cyprus parliament have voted to extend the freeze on property foreclosures to the end of October despite pleas from the government and financial institutions...

Four charged in golden passport expose

Four individuals have been charged with conspiracy for their role in granting golden passports to foreign investors and will appear before a criminal court...

Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty...

EU blocks ‘generous’ mortgage-to-rent scheme

Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline, a mortgage-to-rent scheme, to distressed borrowers to help...

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