In the near future, the Cyprus property market is expected to continue on its dynamic path, however, it will not be a bed of roses, and strategic planning will be crucial to navigate changes and challenges ahead. In the next couple of years, we should expect to experience moderate growth as high interest rates stabilise … Read more
A growing number of wealthy Indians are reportedly seeking to switch their citizenships to havens that offer tax benefits, safety, better lifestyle options, and fewer regulations. A recent report by Henley & Partners, a global leader in residence and citizenship by investment, claims that nearly 4,300 Indian millionaires are expected to leave the country in … Read more
ONE of the financial incentives for businesses with a permit to operate within a special economic zone is non-payment of corporate tax for 15 years, according to the Special Economic Zone Authority (SEZA). Board Director Vera Raga when giving a presentation during the Port Moresby Chamber of Commerce and Industry (POMCCI) breakfast yesterday highlighted that … Read more
Before the first full week of June ends, an artistic event will take place in Limassol exhibiting the work of several local creatives. Ιn the framework Radical Afterlives: The Cyprus Movements Archive Project, the resident artists Belinda Papavasiliou, Emily Demetriou and x.ypno present their works at Vinegar Factory this month. The works were already presented … Read more
NRIs need to pay tax on income that arises in India for the financial year of 2023, which runs from April 1, 2022, to March 31, 2023.
Antreas Fernando was born in Cyprus in 2004 to Sri Lankan parents and has remained a third country national in the country of his birth. He became stateless when he turned 18 and lost his legal status in Cyprus. Despite efforts to secure citizenship or legal status, he has been unable to do so. Antreas has never visited Sri Lanka and does not speak Sinhalese. The interior ministry assures that individuals in similar situations will not face prejudice for living without legal status since turning 18.
The Cyprus Contemporary Dance Festival is featuring seven unique performances at the Rialto Theatre, including “The End – part 2” by choreographer Arno Schuitemaker. The performance explores themes of togetherness, connection, and solidarity, blurring the line between seeing and being seen. It features three performers who expose different sides of themselves while breaking physical boundaries.
Energean plc announced a significant find in offshore Egypt, continued natural gas supply in Israel, and declared a first quarter dividend of 30 cents a share. The company’s production for the first quarter was 142,000 boed, with 82% gas, representing a 49% year-on-year increase. Success was recorded in the Abu Qir infill well drilling campaign in Egypt, with preliminary analysis indicating gas-initially-in-place volumes of approximately 87-129 billion cubic feet. The well encountered around 270 feet of net pay across formations, with first production expected in Q3 2024.
Tens of thousands of Russians who fled to Turkey after Moscow’s invasion of Ukraine have been leaving due to residency issues and soaring costs. The number of Russians with Turkish resident permits fell to 96,000, down by more than a third from 154,000 at the end of 2022. Many have headed to Serbia and Montenegro. Turkish inflation hit 70% last month, and basic banking has become difficult due to sanctions. Some Russians have also left due to struggles to get residence permits since early 2023.
Cyprus was given a score of 34 per cent for the human rights situation and living standards of its LGBT population.