The repeal of the Stamp Duty Law removes a long-standing tax and administrative formality affecting a wide range of legal and commercial documents. Agreements executed from 1 January 2026 onwards will no longer be subject to stamp duty, resulting in lower transaction costs, faster deal execution, and reduced compliance risk, particularly for high-value, cross-border and multi-party transactions.

The reform enhances legal certainty, as the enforceability of documents is no longer linked to stamping requirements, further strengthening Cyprus’s attractiveness as a jurisdiction for corporate structuring, investment holding and international business.

Stylianos also highlights important transitional considerations, noting that documents executed on or before 31 December 2025 remain subject to the previous regime and must be carefully reviewed to ensure compliance. While stamp duty has been abolished, other fees under separate legislative frameworks may still apply.

Overall, this reform reflects Cyprus’s broader policy direction towards a more efficient, modern and business-oriented legal environment, aligned with commercial reality and international best practices.