Following the several Coronavirus lockdowns , as well as the conflict in Ukraine and uncertain socio-economic conditions worldwide, the global real estate market has seen unprecedented growth in 2022. This is perhaps best illustrated in Cyprus, where the
Cyprus implemented the provisions of the 5th AML Directive into domestic law. This establishes central registers of ultimate beneficial owners.
In Cyprus two such registers are established:
the Register of Beneficial Owners of Companies; and
Cyprus reopens tourism industry.
Cyprus,has intensified efforts to lure vaccinated tourists .
Cyprus has already opened its door to tourism while Greece followed suit as of May 14.
Just like other competitors, Cyprus is eyeing tourists from the UK,Ge