HomeTagsCyprus

Tag: Cyprus

Latest News & Updates

Names of 25 citizenship investors revealed

The names of 25 of the 26 investors from whom Cyprus is in the process of revoking citizenship have been named; nine Russians, eight Cambodians, five Chinese, two Kenyans and one Malaysian.
Latest News & Updates

Instability expected in Cyprus real estate sector

Although it's too early to make any conclusions, there are indications that the Cyprus real estate sector may experience significant instability and uncertainty in 2020 according to a PwC report.
Latest News & Updates

Cyprus real estate market review

The PwC Cyprus Real Estate Market review for the 1st half of 2019 reveals that a quarter of all property transactions took place in April, just before stricter criteria were introduced for those applying for citizenship.
Latest News & Updates

Estia scheme falling flat on its face

The Cyprus non-performing loans scheme, Estia, is probably falling flat on its face; applicants need to complete 30 pages with their family income and property details and include 40 to 50 other documents.
Latest News & Updates

Cyprus to strip citizenship of 26 investors

Cyprus is to strip 26 citizenships for people who obtained passports by investing including nine Russians, eight Cambodians, five Chinese, two Kenyans, one Iranian and one Malaysian.
Latest News & Updates

Minister downplays citizenship scheme’s value

The importance of the Cyprus citizenship by investment programme, which was introduced when the Cypriot economy was in deep recession, must not be overestimated says finance minister.
Latest News & Updates

Fugitive businessman holds Cyprus passport

Fugitive businessman Low Taek Jho, who holds a Cypriot passport and citizenship, has been described as a Malaysian conman sought by the authorities of Malaysia, Singapore, and the US.
Latest News & Updates

Income tax statements mandatory for all

Every resident of Cyprus will soon have to submit an annual tax statement regardless of whether their income falls below the tax threshold of €19,500; failure to pay will be a criminal offence.
Latest News & Updates

Cyprus property boom is not a bubble

The Cyprus Finance Ministry says that the boom in the Cyprus property market is not a bubble but acknowledges that the potential large-scale sell-off of properties by the banks could push prices down.
Latest News & Updates

Cyprus hoteliers cry foul over new Airbnb law

The draft bill designed to regulate rentals through online Airbnb-type platforms has come under fire from Cyprus hoteliers who claim it allows short-term rental accommodation owners to compete without a handicap.
Latest News & Updates

Passports probe being expanded

In the wake of the Reuters' exposé into golden passports for the country's elite, the Cyprus government said it will carry out further investigations into citizenships granted under the previous investment scheme.
Latest News & Updates

Cabinet orders probe into Cambodian passports

The Cabinet has launched an investigation into golden passports for Cambodian elites following the Reuters' exposé into how relatives and allies of Cambodia’s leader, Hun Sen, have amassed wealth overseas.
Latest News & Updates

NPLs in Cyprus rise for second month

Non-performing loans (NPLs) rose for a second consecutive month in May amounting to €8.05 billion with non-performing exposures (NPEs) dropping by €11 million to €10.13 billion, or some 30.8% of total loans.
Latest News & Updates

Reuters investigates Cambodia Cyprus connection

Reuters has investigated the link between Cambodia and Cyprus as part of a larger exposé into how relatives and allies of Cambodia's leader, Hun Sen, have amassed wealth overseas.
Latest News & Updates

Airbnb-style rentals bill moves a step closer

A bill to regulate Airbnb-style short-term rentals moved a step closer following meetings between the heads of Airbnb and booking.com and the Deputy Minister of Tourism Savvas Perdios.
Latest News & Updates

Weakening property sales

Cyprus property sales have fallen significantly following the introduction of stricter criteria for acquiring passports in May highlighting the real market's dependence on the 'citizenship by investment' scheme.
Latest News & Updates

RICS Cyprus property price index Q2 2019

The RICS Cyprus Property Price Index for the second quarter of 2019 reports that residential prices for houses and apartments increased by 1.2% and 1.4% respectively on a quarterly basis.
Latest News & Updates

Land Registry failings come under scrutiny

Some Land Registry employees believe they represent Saint Peter on earth said Auditor General Odysseas Michaelides at a meeting of the House ethics committee, deciding who will go to Heaven or Hell when it comes to property issues.
Latest News & Updates

Estia mortgage relief scheme launched

The Estia mortgage relief scheme was officially launched today to assist, support and protect vulnerable households who have mortgaged their primary residences for their loans and reduce the high number of bad debts.
Latest News & Updates

EC asks Cyprus to comply fully with EU law

The European Commission asked Cyprus to fully comply with EU rules designed to protect consumers from unfair contract terms on 25 July, giving Cyprus two months to reply to the arguments raised.
Load more

Top Stories

Elsewhere in Cyprus Property News