An interesting quick read with respect to the Cyprus property market post-CIP. What the authors do not stress, and is evident on the ground, is the fact that when an investment migration program is artificially… Read More »When Investment Migration Programs Go Wrong.
Cyprus has made some changes to its permanent residency by investment program. Quite a good step in the right direction. However, in order to be competitive, Cyprus must align its offering with that of Portugal… Read More »Cyprus changes permanent residency program to reflect fund options
Very nice to be featured in IMI Daily’s “Ten On The Weekend”.
As of November 1st, Cyprus will suspend its existing citizenship by investment programme. Although the benefits of such a programme are beyond question – FDI into the local economy and providing an opportunity for people… Read More »Real Estate Collapse in Cyprus
Very nice to have my article featured in IMI Daily. My supposition is that the Cypriot economy cannot be so heavily real property focused, as it leads to not only stratification of wealth but also… Read More »Structural impediments to the Cyprus economy
IMI Daily today requested my feedback to the Al Jazeera investigation of the Cyprus citizenship-by-investment program and related corruption. Although there have been significant problems in the past, today the Cyprus CIP is one of… Read More »“Neither fair nor helpful” – Thoughts on Al Jazeera’s investigation
Epidemics are related to population mobility. COVID-19 is special in that today’s global economy is intrinsically linked to unprecedentedly prevalent and frequent population mobility. Today, a virus can spread unabated. Free-traders have always argued that… Read More »How COVID-19 will change the World Economy and CBI Programmes
The Republic of Cyprus has recently amended its Naturalization by Exception Programme. The changes become effective as of 15 May 2019. Highlights include: A minimum investment of € 2.5m +VAT, compared to € 2m +… Read More »Cyprus amends naturalization program
Cyprus has brought its domestic law inline with EU directive on mandatory automatic exchange of tax information. Cyprus has recently introduced Law 33(I)/2018 in furtherance of EU Directive 2016/881/EU. The changes concern EU wide administrative… Read More »Cyprus adopts EU exchange of tax information
Greece has abolished and replaced its “National Cadastre and Mapping Agency S.A.” with a new public entity entitled the “Hellenic Cadastre” (“Elliniko Ktimatologio”). The new agency shall be based in Athens and is supervised by… Read More »Greece amends cadastral system
When it comes to M&A in Cyprus, there are a number of major laws one should be aware of, as follows: 1. Companies Law Cap. 113 (a) Sections 198-201 of Companies Law regulate mergers, divisions,… Read More »M&A in Cyprus
An important amendment to the Assessment and Collection of Taxes Law (N.4/1978) in Cyprus is currently under consideration by the Council of Ministers regarding automatic exchange of information. More specifically, the proposed amendment aims at… Read More »Cyprus: Proposed amendment in regards to automatic exchange of information
Complete bank secrecy is fast becoming a matter of the past. The Automatic Exchange of Information (AEOI) portal provides a comprehensive overview of the work the OECD and the Global Forum on Transparency and Exchange… Read More »Banking Secrecy in Cyprus