A significant repercussion from Cyprus’ 2008 financial crisis was the recent closure of the Co-operative bank; due in part to the strict punishments enforced by the Cypriot authorities, the bank was famously unable to recover financially and filed for bankruptcy. Mr Kyrytopoulos Konstantinos, a Finance Professional from the...
In order to legitimately transfer or donate assets, funds or immovable property from one person or legal entity to another in Cyprus, a valid and legally biding contract must be established. In order for the contract to be hold its own in a court of law, each party...
According to the British High Commission, UK residents living in Cyprus will soon have more information on how their post-Brexit rights in the UK will be affected. However for now, only the Cyprus Government have disclosed vague information on what documentation residents will need in order to retain their...
The UK and the European Commission reached a comprehensive agreement last December on the reciprocal protection of the rights of UK and EU citizens after Britain leaves the European Union in March 2019. Britain’s High Commissioner addressed UK nationals living in Cyprus, stating they will be able to carry...
There are opportunities for those living in Cyprus permanently to increase the energy saving of their homes through the “I Save, I Upgrade” scheme, which is co-funded by both the Cyprus Government and European Union for all homeowners on the island after the first scheme garnered so many applications....
Worried locals around the main cities in Cyprus are considering employing a local private security firms as a measure against a rising number of island wide burglaries and organised crime taking place. There have been reports of burglars entering houses while residents are asleep, according to residents of a...
Last weekend, many Orthodox Christians celebrated one of the most important religious holidays - Easter. In Cyprus, Easter does not end with resurrection of the holy spirit. The following day is called Easter Monday, and is given the same significance as Easter itself. Christianity in Cyprus is the largest...
Being an owner of an EU passport myself, I can truly appreciate the automatic freedom of movement this allows throughout the EU. This article has been drafted with the objective in mind to support others in achieving this goal and receiving the benefits detailed below. As you may be...
The sale of a commercial property that also comes furnished or containing equipment has been creating problems for a number of Cyprus based landlords in the last few months. Parties are having disputes whereby the sale contract of the building contained no inventory which valued each item separately. The...
There are a number of demand patterns when looking at the nationalities of those who have bought property in Cyprus for secondary or holiday homes. The Cyprus real estate market has been a largely UK foreign market since the 60’s, interestingly then the main area of popularity was Kyrenia...
