Cyprus drops ‘no-other-tax-residency’ condition in popular 60-Day Rule
Non-Dom regime survives 2026 overhaul – 17 years (and beyond) of zero SDC still on offer
Middle-East conflict knocks 15 % off Cypriot air-passenger volumes
Latest News
Live-fire NOTAM: Cyprus warns mariners and pilots of Russian naval drills 6–10 April
A JRCC NOTAM issued on 7 April warns air and sea traffic of Russian live-fire exercises southeast of Cyprus between 6 and 10 April, forcing airlines and shippers to route around the temporary danger zone and adding minor cost and complexity to regional movements.
Cyprus Unemployment Climbs as Tourism Lay-Offs Spread; Government Activates Wage Subsidy
Official figures released 6 April show registered unemployment rising to 11,243, largely because hotels and restaurants cut hiring amid war-related booking cancellations. The government is offering a 30 per cent wage subsidy for tourism businesses that keep staff on until May, aiming to protect service capacity ahead of the summer season.
Bank of Cyprus Unveils Five-Times Rewards Scheme to Jump-Start Domestic Hotel Bookings
Bank of Cyprus will award five times the usual credit-card reward points on hotel stays paid between 6 April and 30 June 2026. The promotion aims to prop up the tourism industry after a sharp drop in spring bookings linked to Gulf tensions. For corporate travellers, the scheme offers immediate savings while supporting local suppliers.
Airtrans Aviation Named Cargo GSA for Royal Jordanian, Enhancing Cyprus–Levant Freight Links
On 6 April, Airtrans Aviation became the Cargo GSA for Royal Jordanian in Cyprus, unlocking new air-freight capacity between Larnaca and Amman plus onward connections to Europe, North America and Asia. The pact gives Cypriot exporters and mobility firms a faster, conflict-resilient logistics option.
IMO Approves Digitalisation Roadmap and Cyber Rules for Maritime Single Windows—Key Win for Cyprus Ports
The IMO’s Facilitation Committee has endorsed a global digitalisation strategy and mandatory cyber-security measures for Maritime Single Windows, according to a 6 April Cyprus Shipping News report. The reforms promise faster, safer processing of ships, crews and passengers—critical for Cyprus’ cruise and Ro-Ro business—and will take effect in 2029.
Easter Bank Closures Could Disrupt Foreign Business Travellers’ Payments
All Cypriot banks will close 10–14 April for Orthodox Easter, interrupting in-branch services. Business travellers and relocating staff should prepare for cash-flow and account-setup delays, and schedule critical transactions before the holiday.