Archive for Category: Licenses & Permits

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Cyprus Property Law: Why Are Some Homeowners Charged Transfer Fees & Some Aren’t?

Cyprus MPs have released plans to draft a bill aiming to remove bias within the Cyprus courts whereby some purchasers of real estate within the Republic are subject to property transfer fees while others seem to be exempt. The reasoning for the convoluted laws is due to VAT payment,...

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Employee Rights & Obligations in Cyprus Employment Law

Generally speaking, the labour laws in the Republic of Cyprus are extremely transparent and informative. This means that current legislation clearly states duties of companies and employers overall to give rights to employees in the event of a dispute or wrongdoing on behalf of either party contract to an...

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Cyprus Employment Law: Different Contract Types

Cyprus Employment Law makes a clear distinction  between an employment contract for service and a contract for multiple services. The current system in Cyprus is effective, fair and companies generally aim to follow the legislation carefully, like most countries in Europe. The law identifies two types of employment contracts for Cyprus companies:...

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Why Foreign Workers Can’t Work in the Public Sector in Cyprus

Many people arrive in Cyprus without having previous employment, hoping to find work there, so after you start working for a new company, what about your rights as an employee in Cyprus and the employment laws on the island? The legislation regarding employment in Cyprus currently states that the...

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Naming the Latest Wealthy Russian Elite Gaining Cyprus Citizenship in 2018

A batch of new high profile Russian Oligarchs have been leaked as gaining EU passports and visa free access to Europe under the Cyprus Citizenship-by-Investment Programme. The disclosures have undoubtedly caused a stir as concerned politicians worry about the large numbers of the Russian and Ukrainian elite who have...

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Common Contractual Mistakes to Avoid When Purchasing a Cyprus Property

Have you conducted all the relevant research for purchasing your new property in Cyprus? Now it’s the vital final stages; signing the contracts and finalising all agreements. A common scenario for many property owners on the island is that even after transferring funds to secure the property, the title...

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Cyprus: Who are the Wealthy Elite That Bought EU Citizenship?

A leaked list of names reveals the extent to which Russian and Ukrainian politically elite have driven Cyprus’s citizenship-by-investment schemes which, according to the government, has generated over €4B in Cyprus based investments since 2013. Prior to 2013, Cypriot citizenship was granted on a flexible basis by MPs, in...

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