2026

Cyprus VAT changes effective from 1 September 2026: the 18-month systematic-use test, reduced VAT rates, and practical property examples.

Updates on the Paphos Marina and Paphos–Polis Chrysochous road projects, including tendering plans and the next steps for 2027.

Developments Expected The situation regarding the future of the much-discussed marina construction project at Potima is expected to become clearer by September. Negotiations with the companies selected following the evaluation of the expressions of interest submitted during the initial stage are expected to commence next March. These companies will be eligible to submit bids during the next stage of...

According to data published by the Central Bank of Cyprus (CBC) on Tuesday, apartment prices in Cyprus increased by 10.8% during the first quarter of 2026 compared to the corresponding period in 2025. Overall, the Residential Property Price Index recorded an annual increase of 7.5%, with apartment prices rising by 10.8% and house prices by 3.0%, indicating a slight moderation in growth. Compared to...

Four investment consortia or firms have officially expressed interest in undertaking the major project for the construction of the Paphos Marina, the largest planned on the island, with a capacity of one thousand vessels and extensive onshore developments, at the Potima Beach area in Kissonerga. The interest expressed by these specific investment firms constitutes the first stage of the...

Permanent residence in Cyprus allows foreign nationals to reside in the country without restrictions, travel in and out of the island without visas or additional permits and facilitates the naturalization process leading to citizenship. Cyprus also offers the absence of double taxation with certain jurisdictions, making this option attractive for business activities and international income...