On the 13th of September 2016 the Council of Ministers announced the creation of new criteria for the citizenship by investment scheme. The minimum investment amount has been reduced to 2 Million Euros from 2.5 Million Euros under the former scheme. The new criteria have immediate effect but investors who have already applied for the citizenship under the previous scheme have ...

Cyprus and India completed on the 29th of June their negotiations for a double taxation agreement for the avoidance of double taxation and the prevention of fiscal evasion in regards to taxes on income between the two countries. According to the agreement there will be source based taxation for gains from the alienation of shares. Moreover, India will retrospectively rescind t...

Residential property prices in Cyprus continued to fall in the final quarter of 2014 but some local agents are reporting an increase in sales. Average price of houses fell by 1.1% and apartments by 0.7%, according to the latest index from the Royal Institute of Chartered Surveyors (RICS).  The country’s property market was particularly badly hit during the global e...