Cyprus: Government, Public Sector

Cyprus faces a critical policy decision regarding foreign investment in real estate as new legislative proposals seek to restrict property acquisition by third-country nationals and foreign-controlled entities. The proposed reforms would fundamentally shift from an open market approach to a more restrictive framework, raising questions about transparency, beneficial ownership scrutiny, and the balance between protecting domestic interests and maintaining Cyprus's competitive position as an attractive

Η Κύπρος έχει διαχρονικά προσελκύσει σημαντικές ξένες επενδύσεις λόγω της στρατηγικής γεωγραφικής της θέσης, του επιχειρηματικού της περιβάλλοντος και του διεθνούς προσανατολισμού της. Ωστόσο, τ

For non-EU buyers seeking to acquire property in Cyprus, understanding the relationship between real estate investment and permanent residence rights is crucial. While Cyprus offers a fast-track permanent residence route for qualifying property investments of at least EUR300,000 plus VAT, purchasing property alone does not automatically grant residence status.

From 5 October 2026, the Cyprus Tax Department will no longer accept email requests to register or amend bank account details for tax refunds. All IBAN changes must be submitted exclusively through...

Cyprus offers a straightforward civil marriage process for foreign couples, but success depends on proper document preparation and understanding municipality requirements. This guide examines the legal framework under Marriage Law 104(I)/2003, explains the ordinary and urgent notice procedures, and identifies the most common documentation issues that delay ceremonies for international couples.

For many families living outside Cyprus, Cypriot citizenship by descent is not simply an immigration matter. It is often about preserving a family link with Cyprus, regularising the status of children born abroad...

The European Union has adopted its 21st package of restrictive measures against Russia, representing the most comprehensive expansion of sanctions in four years with 218 new designations spanning banks, crypto platforms, military suppliers, and shadow fleet operators.

The Cyprus Bar Association has issued its first Guidelines on Business-Wide Risk Assessment (BWRA), establishing a comprehensive framework for supervised entities to identify and mitigate money laundering, terrorist financing and sanctions risks. These guidelines provide practical direction for compliance with the new EU Anti-Money Laundering Regulation ahead of its July 2027 implementation deadline, outlining methodologies for risk assessment, control evaluation and ongoing monitoring requirements.

Cyprus has enacted its first foreign direct investment screening regime, establishing mandatory notification and approval requirements for certain foreign investments that may impact national security or public order. The new law introduces a comprehensive framework covering sensitive sectors and sets out clear timelines, conditions, and penalties for compliance.

Κάθε δικαιούχος ενοικίου που αφορά ακίνητη ιδιοκτησία εντός της Κύπρου δεν δύναται να αποδέχεται την είσπραξη τέτοιου ενοικίου με οποιοδήποτε άλλο τρόπο, πέραν αυτών που καθορίζονται πιο πάνω

In cross-border structuring involving Cyprus entities, nominee director arrangements and powers of attorney (PoA) are widely used. However, the distinction between the two is often misunderstood, leading to governance gaps, regulatory exposure, and potential non-compliance.

Public procurement procedures are often surrounded by persistent misconceptions such as the perception that they are strictly formal processes where “the lowest price always wins” and where even minor errors automatically lead to exclusion. In practice, the legal framework governing public procurement is significantly more nuanced.