Cyprus Immigration’s Refusal to Accept Revolut Banking: An Unnecessary Obstacle for Residents Cyprus promotes itself as an international business hub, welcoming foreign professionals, entrepreneurs, investors and families seeking a new life on the island. Yet, when it comes to immigration and personal banking, applicants can face a frustrating contradiction: difficulties using Revolut as their primary…
Cyprus Mandatory Tax Returns: What Everyone Needs to Know About the New Filing Rules Cyprus is changing the way individuals handle their tax obligations, and ignoring these changes could cost you more than you expect. With new requirements under the 2026 tax reform, more residents will need to submit an annual income tax return, including…
Cyprus Short-Term Rental Licence: A Complete Guide for Property Owners Owning a property in Cyprus can create a valuable income opportunity, particularly if you choose to rent it to tourists through platforms such as Airbnb, Booking.com or other short-term rental websites. However, before publishing your property online and accepting guests, there is an important legal…
Key Personnel vs Support Staff in a Cyprus BCS Company: Understanding the Differences Introduction Cyprus has become one of Europe’s most attractive destinations for international businesses looking to establish a presence within the European Union. Thanks to its strategic location, competitive tax system, highly skilled workforce, and business-friendly regulations, thousands of international companies have chosen…
Cyprus Tax Number (TIN) in 2026: Everything You Need to Know About the New Tax For All System The Cyprus tax system has entered a new digital era. As of 1 July 2026, significant changes have been introduced regarding the registration of Tax Identification Numbers (TINs) for legal entities, making the process more centralized, secure,…
From July 1st, Cyprus Rent Payments in Cash Becomes Illegal A major change to the way rent is paid in Cyprus is coming into force on July 1, 2026. Under new tax legislation introduced as part of Cyprus’ wider tax reform package, tenants and landlords will no longer be permitted to settle rental payments using…
BCS Cyprus: The Preferred Gateway for Global Business Cyprus has become a leading international business hub thanks to its appealing combination of factors: a low and competitive tax regime, a strategic geographical position linking Europe, Asia, and Africa, and the reliability that comes with being a full member of the European Union. Among the various…
Introduction: New Tax Rule for Rentals Above €500 Cyprus has introduced new stamp duty regulations for rental agreements, particularly targeting properties with monthly rents exceeding €500. These changes aim to formalize rental transactions, curb tax evasion, and protect tenants’ rights. In cities like Limassol, where informal rental practices have been prevalent, this move is seen…
Housing Crisis: Rising Rents, Expats, and the Affordability in Cyprus Introduction: Why Housing Has Become a Burning Issue in Cyprus For years, Cyprus has been promoted as a Mediterranean paradise: sunny climate, safe neighborhoods, an EU legal system, and a relaxed lifestyle. But behind the glossy brochures and real estate marketing campaigns, the reality…
