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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 12 May 2021 The procedures for moving the oil facilities from Larnaca are in progress

    The procedures for moving the oil facilities from Larnaca are in progress read more

  • 6 May 2021 You get a building factor rate and you pay fees

    You get a building factor rate and you pay fees read more

  • 9 April 2021 One million euro for the regeneration of the Ormidia port

    An important development for the community of Ormedia and the free Famagusta,... read more

  • 31 March 2021 Changes for Cyprus Fast Track Residence Permit

    Changes for Cyprus Fast Track Residence Permit read more

  • 23 February 2021 Σχέδιο επιχορήγησης επιτοκίου για νέα ζευγάρια παρατείνεται ως τέλος του χρόνου

    Σχέδιο επιχορήγησης επιτοκίου για νέα... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 12 May 2021 The procedures for moving the oil facilities from Larnaca are in progress

    The procedures for moving the oil facilities from Larnaca are in progress read more

  • 6 May 2021 You get a building factor rate and you pay fees

    You get a building factor rate and you pay fees read more

  • 9 April 2021 One million euro for the regeneration of the Ormidia port

    An important development for the community of Ormedia and the free Famagusta,... read more

  • 31 March 2021 Changes for Cyprus Fast Track Residence Permit

    Changes for Cyprus Fast Track Residence Permit read more

  • 23 February 2021 Σχέδιο επιχορήγησης επιτοκίου για νέα ζευγάρια παρατείνεται ως τέλος του χρόνου

    Σχέδιο επιχορήγησης επιτοκίου για νέα... read more

Cabinet extends town planning incentives

THE CABINET on Wednesday decided to extend existing town planning incentives and introduce new ones in a bid to boost growth, Interior Minister Nicos Nouris announced.

   

Speaking after the cabinet meeting, Nouris said beyond the existing plans, the cabinet approved two new targeted actions.

The plans include incentives to people to legalise certain structures like pergolas, which had been constructed without permission or correct mistakes, or build on existing developments. This had been extended until the end of 2021.

There is also the scheme aimed at the tourist industry, which has also been extended until the end of 2021.

The scheme allows hotel owners to keep the original building coefficient if they decide to demolish the unit and build a new one.

The government has also extended the duration of town planning and construction permits that expired between March 17, 2020 and June 30, 2020 until the end of the year.

Also, people would no longer have to provide evidence for information already in the hands of public services.

The minister said from July 13, people would no longer have to attach copies of their title deeds or an immovable property search certificate when filing applications to the land registry, the town planning department, district administrations, and any other departments under the interior ministry.

The same applies for official copies of cadastral plans accompanying property development applications, which can be replaced with unofficial copies downloaded from the land registry portal.