Parliament moves to block foreigners buying Cyprus land through local companies after Ukraine war

Cyprus is moving to close legal loopholes that let foreigners buy property through local companies without government approval, after the Russia-Ukraine war and regional geopolitical upheaval drove a reported increase in foreign land purchases. Interior Minister Konstantinos Ioannou told a parliamentary committee the government wants to consolidate three bills targeting the gaps, particularly provisions that … Continue reading Parliament moves to block foreigners buying Cyprus land through local companies after Ukraine war