Cyprus tourism sector faces compliance hurdles
Fact: The Deputy Ministry of Tourism in Cyprus recently revised the inventory of hotels and tourist accommodations, with the majority of them not meeting the necessary compliance criteria.
architectural plans
Parliament to amend legislation on hotel operations
Approximately 93% of local hotels have been rendered technically illegal due to recent legislative actions. The proposed amendment aims to address issues within the hotel industry, particularly concerning contracts with foreign tour operators and insurance companies. The amendment targets the transitional period during which hotels can operate without meeting basic law requirements. The proposed changes stipulate that hotels can operate without meeting requirements if architectural plans and necessary permissions are submitted by the end of 2024. This legislative move follows laws in 2019 that granted existing hotels a five-year grace period to comply with regulations. Deputy Minister Koumis attributed delays in license acquisition to the high number of expansions and announcements made by hotels in recent years. Koumis reassured that the proposed extension strengthens safety measures.
A sale contract tailor-made for the vendor
Fact: Buyers should be cautious when purchasing an immovable property, especially an apartment without an individual title, as it may lead to future legal disputes and risks.
Larnaca and TEPAK advance plans for marine sciences school
TEPAK and the Larnaca Municipality are working on establishing a School of Marine Sciences, Technology, and Sustainable Development. The Ministry of Finance has positively evaluated the study submitted by TEPAK and plans are underway to finalize architectural plans and study programs for the school. The school may be located in Mackenzie, pending clarifications requested by the Ministry of Finance and a decision by the Council of Ministers.