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Legal Matters

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...
Legal Matters

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...
Legal Matters

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...
Latest News & Updates

Who will benefit from Mortgage to Rent scheme?

Potentially 4,000 households will benefit from the Mortgage to Rent scheme, the government's latest lifeline for distressed borrowers to...
Latest News & Updates

EC pushes for short-term letting regulation

The European Commission has adopted a proposal for a Regulation to enhance transparency in the field of short-term accommodation...
Legal Matters

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...
Legal Matters

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...
Legal Matters

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...
Legal Matters

Higher VAT on smaller homes ‘spells disaster’

A European Union directive to reduce the size of homes entitled to lower 5% VAT has real estate agents...
Legal Matters

VAT rate on first homes rethink

Faced with pushback from MPs and building industry stakeholders, the government on Monday agreed to - again - rethink...
Legal Matters

Government urged to challenge EC’s ruling on property VAT

The finance ministry will collect more data as part of its drive to persuade European Commission to agree to...
Legal Matters

Revoking golden passports to Russians ‘impossible’

An EU recommendation to member states to recall passports issued to Russian and Belarusian oligarchs on the bloc's sanctions...
Latest News & Updates

MEPs press for EU-wide ‘Golden Passports’ ban

The European Commission will very soon present a recommendation to all Member States addressing residence permits and citizenship under...
Legal Matters

Coronavirus helps establish anti-corruption agency

The coronavirus pandemic has had an unexpected benefit of 'encouraging' Cyprus to establish an anti-corruption agency. Cyprus was ranked in...
Legal Matters

Taxpayers will pay ‘Golden Passport’ VAT deficit

Taxpayers may be asked to pay the VAT shortfall that 'Golden Passport' investors and other home buyers who paid...
Legal Matters

MPs work on making VAT on houses EU compatible

Lawmakers on Monday discussed how to tweak a government bill on VAT on houses so as to make it...
Articles

Cyprus approves 390 extra golden passports

Cyprus approved another 390 golden passports applicants after the Citizenship-by-Investment scheme was scrapped in November 2020, while Brussels' infringement...
Latest News & Updates

EC confirms response on golden passports

The European Commission has received a response from Cypriot authorities regarding the island's now- defunct 'golden passports' scheme, and...
Investment

All pending golden passports applications reviewed

The government has finished examining all pending applications filed under the - now defunct - citizenship-by-investment programme, and has...
Legal Matters

EC approves scheme for vulnerable borrowers

The European Commission has approved a Cypriot scheme providing partial debt write-off to distressed, socially vulnerable borrowers with loans...
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