Airbnb legislation changes

На Кипре меняются правила сдачи жилья через платформу Airbnb На Кипре меняются правила сдачи жилья через платформу Airbnb
18 June 2020 DOM Live
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According to the plans of the Ministry of Tourism, the process of registering self-catering accommodation is expected to begin in the first months of 2021 and the entire registration process will be done exclusively through a special online platform. 

It should be noted that the entrepreneur/applicant of the self-catering accommodation may advertise and / or rent the self-catering accommodation, provided that this is registered in the Register of Self-Service Accommodations and has received a special signature. in advertising and / or in the promotion of accommodation, as well as in all related transactions.

It is emphasized that any self-service accommodation that operates before the entry into force of the Regulation on the Establishment and Operation of Hotels and Tourist Accommodations of Amending Law 9 (I) / 2020 must comply with its provisions until 01.01.2022.

На Кипре меняются правила сдачи жилья через платформу Airbnb

It is also emphasized that until the moment of registration in the relevant register, any self-service accommodation can be rented and / or rented, provided that the entrepreneur will pay the corresponding income / VAT tax to the State and overnight fees to the Local Authority.

Also, for the purposes of covering the key issues associated with the various risks that may arise during the operation of the self-catering accommodation, entrepreneurs are advised to provide basic equipment and information within the accommodation.

It is important to note that the Ministry of Tourism has the ability to self-inspect any self-catering accommodation, to verify the existence of a registration permit, as well as compliance with the terms of registration of the accommodation by the entrepreneur.

It is noted that accommodation licenses that have a building permit as a hotel or tourist accommodation, do not have the right to apply for registration in the register of self-service accommodation. 

Recall, that there are about 20 000 of real estate objects are leased online through Airbnb in Cyprus. 

If the annual income exceeds €15.600, that the owner has to pay taxes. So, probably not everyone will join the registry. And that owners who will join the national registry will raise housing prices, including taxes.

Source: economytoday, philenews

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