MEMO on property for social insurance debts
The Labour Ministry will be applying similar measures as regards unpaid social insurance contributions to those implemented by tax authorities. A draft bill that has been tabled before Parliament provides for the seizure and foreclosure of movable property before and after the commencement of criminal proceedings before a Court and the acceptance and registration of […]
Paphos Marina expected soon
Pafilia Group will find out in the coming days whether they have met the necessary criteria to construct along-anticipated marina in Paphos, according to the Paphos Chamber of Commerce and Andreas Demitriades told the Paphos Post that: “The Pafilia Group were asked to provide all of the necessary documentation to highlight their ability to promote, […]
Acquisition of the Cypriot Citizenship by Investment
Acquisition of the Cypriot Citizenship by Investment On the 13th of September 2016 the Ministry of Interior proceeded with the third update in the last three years of the Cyprus Citizenship by investment scheme. The scheme for the acquisition of the Cyprus citizenship by investment is in line with the main economic objectives of Cyprus, […]
Peyia goes to court over vasiliou project
This is the first time that the local authority has taken such a step. In the last 18 months, Peyia council has raised documented concerns over the development including height of buildings, possible landslides and flooding, water supply and public access roads. “We have a large majority decision of the council to make this move. […]
(IMF) has called on Cyprus to consider reinstating the Immovable Property Tax
The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues. In a Concluding Statement following its recent mission to Cyprus, the IMF has made a number of recommendations on real estate including reinstating the annual Immovable Property […]
Paphos hoteliers concerned over private holiday rentals
PAPHOS hoteliers are again voicing concerns over the unregulated private holiday rental market in Cyprus, highlighting issues of health and safety as a priority. Head of the Paphos hoteliers, Euripides Loizides, said that more must be done to reign in the private market which has seen a surge in popularity over recent years with sites […]
September property sales up 8 per cent
THE NUMBER of property sales in Cyprus during September rose 18 per cent compared to September 2016 according to official statistics published by the Department of Lands and Surveys earlier today. This rise follows a 27% increase in August, an 18% increase in July, and a 28% increase in June. During September a total of […]
Αποτυχία οι εκποιήσεις, σε τέλμα οι αναδιαρθρώσεις
Αποτυχία σημειώνουν οι εκποιήσεις, ενώ οι αναδιαρθρώσεις δανείων έχουν τελματώσει. Σύμφωνα με στοιχεία της Κεντρικής Τράπεζας που έχουν αποσταλεί στη Βουλή και αφορούν στο πρώτο εξάμηνο του 2017, μόλις 37 ακίνητα έχουν πωληθεί από τα 1.180 για τα οποία στάλθηκαν επιστολές από τις τράπεζες, δηλαδή το 3,1%. Το ύψος των αναδιαρθρώσεων στις 30 Ιουνίου 2017 […]
ΦΠΑ 19% στα οικόπεδα με μοντέλο Ολλανδίας
Με τις ευλογίες της Κομισιόν, η Κυπριακή Δημοκρατία θα εφαρμόσει το ολλανδικό μοντέλο στην επιβολή 19% ΦΠΑ στις αγοραπωλησίες οικοπέδων για εμπορικές δραστηριότητες. Η Ευρωπαϊκή Επιτροπή έδωσε το πράσινο φως στο νομοσχέδιο και στην ερμηνευτική εγκύκλιο του Τμήματος Φορολογίας. Σύμφωνα με την εγκύκλιο, η οποία θα μετατραπεί σε διάταγμα, ο ορισμός της γης καθορίζει σε […]
Cyprus ‘selling’ EU citizenship to super rich of Russia and Ukraine
Billionaire Russian oligarchs and Ukrainian elites accused of corruption are among hundreds of people who have acquired EU passports under controversial “golden visa” schemes, the Guardian has learnt. The government of Cyprus has raised more than €4bn since 2013 by providing citizenship to the super rich, granting them the right to live and work throughout […]