Construction

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...

Cyprus: The Schengen Zone 2026 Following the full accession of Romania and Bulgaria to the Schengen Zone, Cyprus is now setting its sights on joining as well — a move that would represent a major milestone for the country. The Schengen Zone is made up of 29 European countries that have abolished internal border controls, allowing citizens and visitors to travel freely across member states without...

The Deputy Ministry of Tourism has announced the launch of the tendering process for the award of the development of the Paphos Marina project, through a long-term DBFOT (Design, Build, Finance, Operate, Transfer) concession contract. In its announcement, the Deputy Ministry of Tourism stated that this developmental initiative marks yet another significant step towards establishing Cyprus as a reference...