Cyprus Holiday Rental Properties must be registered by January 2023
Premier Property Management Ltd has many years of experience in the holiday rental business, helping our clients to remain legal and safely rent their second homes. The deadline to register your Cyprus holiday rental accommodation is fast approaching, and in this article, we will detail the steps you need to take to remain legal.
New Self-Catering Accommodation Regulations
On the 17th January 2020, a bill was passed by the Cyprus House of Representatives, creating a register of self-service accommodation. The aim is to improve the quality of accommodation on offer by setting minimum standards and providing a system of inspections.
They will split properties into categories, based on the type of building;
- Furnished Villa. This type of building must have a direct and private entrance, not shared with any other unit, plus there must be private external space, such as a garden. This category applies to properties not located on a complex.
- Furnished Residences. This category covers both townhouses built in a row of properties and detached properties on a complex.
- Furnished apartment. A property rented as a complete and independent unit within a complex of properties.
In all cases, the largest property that can be registered is five bedrooms, accommodating up to ten people.
Registration is online via the Cyprus Deputy Ministry of Tourism website. Before starting the application, ensure you have the following documents on your computer in pdf format;
- The building permit or Town Planning Permit
- Your latest EAC bill showing the premises number
- Your ID or passport
You must also have registered for income tax here in Cyprus before applying and put adequate property insurance in place.
Complete the online form, submit it, print out the registration form, sign it, and scan it in. You will also have to pay the registration fee of €222, plus any additional fees the Deputy Ministry of Tourism calculates based on your application.
Your registration application will be assessed, and if all the information is correct, you will be issued a registration number. This number must be displayed on any advertising for the rental property.
The registration must be renewed every three years. Renewal applications can be submitted up to three months before the current expiry date.
As we mentioned, the primary aim of the regulations is to set a minimum standard for self-served rental accommodation in Cyprus. There are several requirements registered owners/operators must meet;
- Display their registration number on all advertising for the property
- Your registration number must be displayed on any transaction relating to the property
- Must not provide false or misleading information in their advertising
- The property must be finished and not under construction
- If the property is on a complex, there should be no construction work taking place that would prevent the independent use of the property
- The property must be rented as a whole unit and not split into separate room rentals
- Income must be declared and income tax paid if applicable
- VAT must be declared and paid where applicable
Health and Safety Requirements
To satisfy the regulations, some health and safety requirements must also be met;
- Basic furniture and equipment must be in good working order and safe
- A fire blanket, fire extinguisher, and first aid kit must be available in the accommodation
- Guides for using the equipment within the property must be provided
Relevant emergency information must be prominently displayed, including;
- Emergency telephone number 112
- Full property address
- Property owner/operator telephone number
The Deputy Ministry of Tourism can inspect any self-service accommodation to verify the registration of the property. In addition, registered properties can be checked to ensure they comply with the registration terms.