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

The HR Summit Cyprus aims to empower the HR community by fostering innovation, inclusivity, and collaboration, driving progress and growth in human resources both locally and globally. The event provides accessible opportunities for HR professionals to connect, learn, and grow without financial barriers.

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.

The accounting profession is changing fast especially in 2025, there are opportunities and challenges for accountants. While the demand for accounting and auditing skills is growing (especially in Malta and Cyprus), professionals in this field are facing many hurdles that affect their job satisfaction, career growth and overall wellbeing. In this article we will explore the key challenges accountants face and get practical solutions to them.

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.