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Category Archives: News & Investment

Everything you need to know about the new rules of Cyp...

Cyprus offers many key benefits to foreign investors and their dependent family members who are looking for a jurisdiction that offers a gateway to Europe, high quality standards of living, exceptional professional services and a safe and secure living environment. The main advantages and benefits of Cyprus and its Citizenship are: The acquisition of Cypriot Citizenship by Investment provides full EU Citizenship to an …

Upcoming auctions for houses in Cyprus coming soon

Auctions by banks and private funds that have bought non-performing loans in Cyprus are taking a short break in August but with a strong comeback. Ministry of Interior data shows foreclosures to be running at full-speed up until August 9. And after a short break, a strong comeback is set for August 19 with fields, plots of land, homes and shops in all districts …

The number of tourists in Cyprus is down, especially f...

Six months into the new year and official statistics clearly show that the Mediterranean island’s tourism season is slightly down compared to the corresponding one in 2018. Specifically, tourist arrivals were down by 0.9% between January and June 2019 with Germans, Poles and Scandinavians being the ones turning their back to Cyprus. It seems that smaller markets have ‘saved’ the island from the substantial …

Tricks you should know about House insurance

VERY few people read let alone understand the small print when they take out insurance for property. Even if you insure a building for ‘all purposes’ including acts of God (rain, floods etc) be sure that the insurance company has its back covered to avoid a reduction to your claim. Recent events have come to our knowledge leading us to express the following: Excess: …

Which bank in Cyprus has the smallest housing loans op...

The island’s credit institutions have very attractive housing loan schemes on offer for young people who want their own roof but don’t have the cash. However, with the shadow of non-performing loans because of malpractice still hanging over their head, banks are now extremely cautious with lending criteria.  But his does not imply that young people are restricted from getting a housing loan. INSIDER …

“Cyprus Investment Program” Changes: New C...

The Council of Ministers has approved on Wednesday,  13 February 2019 , a number of changes in regards to the popular “Cyprus Investment Programme” by which investors obtain the Cyprus citizenship. The logic behind such changes according to the Minister of Finance, is to target and encourage the creation of an eco-system of business innovation as well as to facilitate the creation of finance …

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