The migration department has announced the start of applications for residence permits under the Cyprus Digital Nomad Visa scheme.

Elias Neocleous & Co LLC(ENC) was once again at the forefront of the 2025 CG Summit Cyprus, a notable gathering hosted by the Legal500, which saw the participation of legal professionals, industry experts, and key decision-makers from across the country. The panel discussion of ENC focused on the newly implemented Digital Resilience Operational Act (DORA), its applicability and technical specifications, alongside the potential impact of such technological compliance regulations.

The environment department has given the green light to a €22 million high-rise building set to be constructed along the Limassol coastline.

Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of the Bank of Cyprus (BoC) to BBB- from BB+, assigning a positive outlook.

The Deputy Ministry of Shipping is advancing plans to construct new headquarters on the site of the former ‘Nemitsas’ factory in Limassol, following recently introduced public investment procedures.

Tourist arrivals in Cyprus recorded a year-on-year increase of 7 per cent in February 2025, with an additional 32,865 visitors arriving on the island during the first two months of the year.

Elias Neocleous & Co LLC is proud to sponsor and participate in the Legal 500 GC Summit, taking place in Cyprus on 18 March 2025 at the Hilton Hotel in Nicosia.

Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year.

Elias Neocleous & Co LLC is pleased to host an insightful discussion on the latest international tax developments in collaboration with the International Business Structuring Association (IBSA) on Monday, 24 March 2025. This event will bring together leading professionals to examine the evolving tax landscape and explore strategic opportunities for 2025.

The Bank of Cyprus has announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase.