Cyprus introduces a new plan to attract foreign companies to operate or expand their activities to the island.
In the first months of this year, there has been a significant increase in the number of building permits compared to 2020.
According to the figures came from Eurostat, the statistical office of the European Union, on 8 July, 2021, in the first quarter of 2021 compared with the first quarter of 2020 house prices are up by 5.8% in the euro area and by 6.1% in the EU.
New report on Global Passport Ranking was revealed by the Henley & Partners office on April 13 this year.
On the 24th of March, 2021 the changes to the Cyprus Permanent Residency Program (fast-track procedure) were announced by the Ministry of Interior and entered into force.
Cyprus developers urge the government to make the residency program more attractive.
Cyprus issued the second highest number of first residence permits to non-EU citizens in the 27 EU member states during 2019.
As of November 1, 2020, the Cyprus Investment Programme in its previous format was abolished by the decision of the Council of Ministers
House passes bills to tighten the Cyprus Investment Programme
Cyprus is moving to fast-track issuance of planning and building permits, minimising the waiting time to just 2-3 weeks.
