News & Publications

A new commission has been established, comprising of delegates from Invest Cyprus, The Ministry of Finance, Ministry of Education and Culture and the Cyprus Tourism Organization. This so-called Cyprus Film Commission examines proposals by producers for aid based on the economic and cultural benefits for the Republic of Cyprus. Several incentives have been introduced, encouraging...
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In light of the United Kingdom exiting the European Union on the 29th March 2019, the Civil Registration and Migration Department has published announcements for British nationals and their family members urging them to convert/acquire (their) residence status within the Republic of Cyprus. British nationals who have been granted an Immigration Permit according to the...
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The Schengen Agreement was adopted in order to, amongst others, enhance the free movement of persons. Citizens can cross internal borders of the Schengen Area without being subject to checks. Below you my find a few facts in respect of the Schengen Area and Cyprus: Cyprus is not a part of the Schengen Area and...
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When renting out your property, with or without furniture, a risk is taken that upon termination of such tenancy the property and/or the fixtures/fittings/furniture are not returned with only the normal “wear and tear” deterioration. However, how do you “prove” that the property and/or the furniture was in a much better state before the tenancy...
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On the 3rd of September 2015 the House of Representatives passed the Immovable Property (Transfer and Mortgage Law 9/1965, as amended (139(I)/2015). Simultaneously the Immovable Property (Transfer and Mortgage) (Protection of Buyers) Regulations (Regulatory Administrative Act KPD 298/2015) of 2015 were adopted. This new law assists purchasers, who have fulfilled their obligations under the contract...
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As previously announced by the Committee of Supervision and Control, a registry of service providers has been established indicating all natural and legal persons authorized to provide services in respect of the Cyprus Investment Scheme.
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For those who are seeking residence within the European Union, the Greek Golden Visa seems to be a good option. The straightforward investment paired with the fast process, resulting in visa-free travel to other Schengen countries, makes this program appealing. More importantly, it is cost efficient. Procedure: Purchase of property(ies) in Greece for a minimum...
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The Scheme In respect of the Cyprus Investment Scheme (CIS) an option to invest a maximum of EUR 500,000 in special Cyprus government bonds is given. Bear in mind that these bonds can only be purchased by natural persons as per the terms of the bonds. The Framework The special Cyprus government bonds are issued...
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On the 5th of July 2018, the European Parliament has passed a new ETIAS (European Travel Information and Authorisation System) regulation. The new system is expected to be operational in 2021. All visa-exempted third country nationals traveling to the Schengen area, will be obligation to obtain such ETIAS authorization against a fee of EUR 5....
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December 2018
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