Bill on Turkish Cypriot Assets Faces Delay After Public Consultation Lapse

April 23, 2024

    Public Consultation Key to Advancing Turkish Cypriot Assets Bill

    The anticipated bill completion delay for the management of Turkish Cypriot assets has become a focal point of discussion in the House refugee committee. The chair, Nikos Kettiros, highlighted the need for a comprehensive public consultation process, which he stated has not been adequately conducted by the government.

    During the recent session, various stakeholders presented their perspectives on the proposed legislation. Issues such as subdivision, subletting, and the role of natural and legal persons in property management were among the topics debated. According to Kettiros, the absence of a thorough public consultation was a recurring concern among the organizations involved.

    It was revealed that the former interior minister, Nicos Nouris, had briefed some parties on the bill’s contents but fell short of engaging them in a meaningful dialogue as part of the public consultation process. Promises of future contact on the matter did not materialize, leading to calls from the committee for the government to rectify this oversight.

    Kettiros emphasized that addressing this issue is crucial to prevent potential constitutional challenges to the legislation. He pointed out that any delays in the bill’s progression are attributable to the executive branch’s failure to conduct the necessary public consultations. The committee’s stance is clear: without input from all interested parties, the legislative process cannot move forward effectively.

    The call for a complete public consultation aims to ensure that the legislation will be robust, fair, and reflective of the diverse opinions of those it affects. This step is seen as essential for the bill’s future success and for upholding democratic principles in legislative processes.

    legislation
    Legislation on Turkish Cypriot assets is delayed due to complex political sensitivities, the need for diplomatic negotiations, and legal intricacies surrounding property rights and historical claims.

    Can legislation on Turkish Cypriot assets proceed without public consultation?

    Send a request and get a free consultation:
    June 2025
    Businesses Secure Long-Term Stability with New Lease Agreements
    The EURUSD currency pair remains in a tight range above the 1.0900 support level on Monday as it struggles for direction. Investors seek fresh cues at the start of a busy data week, which may indicate how much the Federal Reserve will cut interest rates in September.
    India Sees 22.5% Growth in Tax Collections, Boosted by Lease Revenues
    India's net direct tax collections saw a significant boost, growing by 22.5% as of August 11, compared to 19.54% the previous month. This surge was driven by a 30% rise in Personal Income Tax revenues and a 111% increase in Securities Transaction Tax receipts, despite modest corporate tax growth.
    Lawmakers Consider Alternatives as Lease Deduction Nears Expiration
    Lawmakers are evaluating alternatives to the expiring 20% deduction for qualified business income introduced by the Tax Cuts and Jobs Act. One option is corporate integration, which could address existing distortions. Businesses with a lease may also be impacted by these potential changes.
    Hellenic Bank Car Financing
    Flexible solutions for purchasing new or used cars, including eco-friendly options. With competitive rates, tailored repayment plans, and no initial fees, it’s easier than ever to drive your dream car. Choose between fixed or variable interest rates.

    Cyprus visa guide

    • Travel visa basics
    • Cyprus application process
    • Check visa status
    • Online visa verification
      Thanks for the apply!
      We will get back to you within 1 business day
      You can schedule a call time at your convenience now:
      In the meantime, you can get a free consultation
      with our AI-assistant