CONSULTING . TRADE SERVICES
CORPORATE . IMMIGRATION SERVICES
INSIGHTS
NO LIMITS IMPOSED ON CYPRUS OWNERS OF SHORT-TERM RENTAL PROPERTIES (AIRBNB)
Date: 6th March 2025
The Cyprus Attorney General rejected a proposal to limit short-term rental properties per owner, as proposed by the Tourism Minister. The proposal's aim was to regulate platforms like Airbnb, citing unfair competition, lack of oversight, and rising housing costs. Despite the decision, discussions continue, with potential future regulations likely on registration, taxation, and service standards to align with EU directives.
Click the button below to 'Read More' about this announcement.
NICOSIA ACHIEVED TOP RANKING FOR HUMAN CAPITAL AND LIFESTYLE IN 'SMALL EUROPEAN CITIES OF THE FUTURE' SURVEY
Date: 22nd February 2025
Nicosia, the capital of Cyprus, has been recognised in 1st place ranking for Human Capital and Lifestyle, in the survey "Small European Cities of the Future' survey, published by fDi Intelligence, a service of the Financial Times. This recognition highlights the city's potential as a hub for innovation and business opportunities and at the same time, an ideal living environment with good entertainment, health and educational facilities.
DEDICATED VENTURE CAPITAL FUND, 33EAST, TO INVEST IN CYPRUS BASED EARLY STAGE START-UPS
Date: 7th February 2025
A new VC fund, 33East, has raised €26 million to support Cyprus based founders and early-stage startups. With strong investor backing, low taxes, and a growing tech ecosystem, Cyprus is positioning itself as an emerging startup hub for fintech, ICT, and health tech. Click the button below to 'Read More' about the Cyprus Start-Up environment.
'CYPRUS IN FIGURES 2024', PUBLISHED BY CySTAT (STATISTICAL SERVICES OF THE CYPRUS MINISTRY OF FINANCE)
Date: 31st January 2025
Ένα βιβλιάριο τσέπης το οποίο περιλαμβάνει συλλογή στοιχείων για τους κυριότερους κοινωνικούς και οικονομικούς δείκτες της Κύπρου για τα έτη 2020-2023.33. / A pocket booklet which includes a collection of data on the main social and economic indicators of Cyprus for the years 2020-2023.
Click the button below to 'Read More' to download the booklet.
REVISED AND MORE ATTRACTIVE CYPRUS 'START-UP VISA SCHEME'
Date: 20th December 2024
Cyprus has announced a revised and more attractive 'Startup Visa Scheme' to attract overseas startup companies and their high tech and creative staff to the island. We believe the new provisions make the scheme more flexible and will succeed to attract entrepreneurs at all stages of business development. Click the button below to 'Read More' about the Cyprus Start-Up Visa Scheme.
IS THE CYPRUS NON-DOM TAX REGIME A GOOD ALTERNATIVE FOR UK NON-DOMS ?
Date: 18th November 2024
The UK Labour Party has now confirmed the changes in the regulations for UK Non-Doms. This means there will be significant tax consequences for this category of UK residents from 6th April 2025. If you are is this category (see HMRC Data), then it is prudent that you start looking for alternative solutions to preserve your family assets in the most tax efficient and less costly way. Click the button below to 'Read More' about the Cyprus Non Dom status.
'CYPRUS TO JOIN THE SCHENGEN ZONE BY THE END OF 2025', SAYS PRESIDENT CHRISTODOULIDES
Date: 1st November 2024
The President of the Republic of Cyprus speaking at a conference last week confirmed that the government has addressed political concerns regarding the 'Green Line' and is now finalizing the technical details required for entry into the Schengen Zone.
Click the button below to 'Read More' about the President's comments