New legislative measures introduce greater transparency in the rental market and strengthen mechanisms against undeclared rental income

Cyprus, long standing at the crossroads of civilizations, trade, and aspirations, has now opened its arms to ambitious professionals from around the world. The EU Blue Card program transforms our island into an attractive hub where talent can truly flourish.

Strengthening Borrower Protection and Introducing New Requirements for the Sale of Mortgaged Property

Cyprus is not just an island in the Mediterranean — it is a safe harbor for business, where the tax system is as welcoming as the Cypriot sun. The corporate tax rate here is still only 12.5%, making Cyprus one of the most attractive addresses in Europe for those who know how to manage money wisely. But the true secret lies not only in the low rate — it’s in knowing how to use the opportunities the law provides, allowing companies to deduct certain expenses and optimize their taxable profit.

Effective from 1 January 2018, Circular EE 218 clarifies how VAT is applied to the leasing and renting of immovable property in Cyprus, based on the amendments introduced by VAT Law N.157(I)/2017.

New Rules for the Expedited Permanent Residence Permit in Cyprus (Regulation 6.2) – 2023 Update