The Companies admitted to hiring foreign employees through the Business Facilitation Unit (BFU) and admitted by the Migration Office can hire highly qualified third country nationals by offering them a minimum gross salary of 2,500 euros per month.

The Cyprus Migration Department has officially issued the changes to the Fast-Track Permanent Residence Permit program:

As of 1 October 2011, a reduced VAT rate of 5% (against the standard 19% VAT rate) can be imposed on purchasing real estate property in Cyprus. This relates only to the NEW property, built by developing companies.

A largely discussed issue over recent times is a unilateral decision on rent increase. Information on the network appears to be contradictory. It is important to understand the significant difference in the regulation of rent in Cyprus, depending on the date of construction of the property.

The Department of Social Insurance Services announced that as of September 13, 2021, the amendments to the provisions of the Social Insurance Regulations of 2017 (PIO 167/2017) enter into force.

Nowadays, there is a lot of information on the Internet. However, it is very difficult to get handle on all the subtle details of law-application practice and understand if such information is relevant without the help of a specialist.