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Notably, the most popular hotspot is Paphos when is then followed by Famagusta, Limassol, Larnaca and Nicosia. The majority of inquiries were for houses/villas in Limassol at 55%, whereas others were interested in apartments in Nicosia leading with 72%. Limassol leads with the highest average listing price at EUR €329,431 whereas Famagusta has the lowest average asking price of EUR €127,855.


Thousands of trapped buyer's could lose their homes in Cyprus

The Limassol & Paphos District Courts that ruled the trapped buyers’ law as unconstitutional will have enormous repercussions for individuals who have been tricked into buying property on land in Cyprus that developers had previously sold to the bank.


Luxembourg and Cyprus finally sign Double Taxation Treaty

Luxembourg’s Ministry of Finance announced last week that Luxembourg and Cyprus have signed a tax treaty together. The agreement was signed in Nicosia by the Finance Ministers of both countries: Mr Pierre Gramegna from Luxembourg and Mr Harris Georgiades of Cyprus.


India finally ends Capital Gains Tax loophole with Mauritius

Finally, after many years of discussions, India has decided to change its double-taxation treaty (DTT) laws with the Republic of Mauritius.


Panama Papers: an opportunity for Cyprus

The Cyprus government made a great move last week by pro-actively responding to the Panama papers, which named Cyprus to be amongst the 21 EU, US and other jurisdictions as one of channels used by the wealthy to send their money.


Does Cyprus have a clean Anti Money-Laundering record?

After the 2013 banking crisis and the scrutiny on Cyprus’ business deals with Russia, Cyprus now comes under peer review as per the Financial Action Task Force (FATF) an initiative established by the OECD.


Asian casinos push for betting license in Cyprus

As reports for 2016 emerge regarding the slowing economy in China, coupled with the recent attempts to combat corruption in Asian gambling companies, they are now seeking new jurisdictions to incorporate.


Cyprus set to leave Troika funding programme without a safety net

Capital Intelligence, the rating company based in Limassol, released figures showing that long-term foreign currency sovereign in Cyprus rating has been upgraded from B to B+ and has maintained a constant rate of the short-term foreign currency at B.