Due to the fact that there is withholding of tax information in these jurisdictions, the European Union has published a "black list" of offshore companies. The list contains states whose efforts in the field of combating money laundering and terrorism do not meet the standards of the European Union.

Malta’s regulators are studying the possibility of regulating cryptocurrencies, early this year at the Centre for European Policy Studies (“CEPS”) Ideas Lab of 23-24th February, 2017 in Brussels.

Earlier this month, China shocked investors everywhere by banning both corporate and personal fund raising using ICOs (initial coin offerings) such as bitcoin, stating that such practices constitute illegal fundraising due to the current lack of regulations and increasing reports of misuse.

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.

ACRA have recently updated their guidelines therefore bringing it transparently in line with other jurisdictions. Following this, businesses will be offered a copy of their business profile and the amount of information available for public use will increase substantially.