Cyprus open up from 1st of May for British Travellers

Cyprus open up from 1st of May for British Travellers

Cyprus announced that it will allow entry to British tourist that have been vaccinated without any as of 1st of May. Tourist that have had both doses of the vaccine 7 days before travelling will not have to enter into mandatory quarantine time and present any negative COVID-19 test.  ...
International Monday, 08 March, 2021
CySEC Launches New Brexit Information Hub

CySEC Launches New Brexit Information Hub

CySec created a new website with information regarding compliance after Brexit for both individuals and corporates. The website is accessible here. The new Hub can provide information’s regarding the regulated sector, official announcements and Circulars addressed to regulated firms....
Business Thursday, 04 March, 2021
Ηarmonised inflation dropped by an annual -0.8% in January 2021

Ηarmonised inflation dropped by an annual -0.8% in January 2021

The CyStat announced that the Consumer Price Index dropped by 0.8% in January 2021. According to CyStat sectors like Property had a drop of up to 5.3%. The largest drop from January 2020 to January 2021 was recorded in Energy sector with a drop of 10.7%. ...
Business Wednesday, 24 February, 2021
Government extends interest rate subsidy scheme

Government extends interest rate subsidy scheme

The Government decided to postpone the deadline for the interest rate subsidy scheme it introduced back on the beginning of the pandemic in March 2020. The subsidy is of interest is up to 1.5% for the first four years of the loan for a first residence up to €400,000. For companies and self-employed people the subsidy will be up to 2% for the first two years, and drop to ...
Real Estate Monday, 22 February, 2021
New property sales tax to support refugees

New property sales tax to support refugees

The parliament approved this week a new levy of 0.4% will be imposed on all property sales in order to support Greek-Cypriot refugees. According to the new law, the tax will be on any sale/transfer of real estate, the levy will be payable by the seller and the funds will be distributed to the support the refuges through various Governmental Schemes....
Real Estate Tuesday, 16 February, 2021
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