Updated

GL-S-07

Glossary · Cyprus PR

Short-term rental licence in Cyprus - letting by the rules

Registration of a home for short-term letting with the Cyprus Deputy Ministry of Tourism

Cyprus PR programme
€222registration for 3 years
€5,000fine without a number, up to
80%of rental income is taxed

01 / In 30 seconds

The short answer

What it is
Registration of a home for short-term letting with the Cyprus Deputy Ministry of Tourism
Who needs it
An owner letting a home to tourists for short stays
Main rule
The registration number appears in every listing
Tax
Rental income is taxable and needs a tax return

02 / In plain words

What Short-term rental licence means

A short-term rental licence is the registration of a home for holiday letting with the Cyprus Deputy Ministry of Tourism. Without it you cannot let a flat to tourists through booking platforms.

Once registered, the home gets a number that must appear in every listing. According to our data, registration costs €222 for 3 years, liability insurance is required, and a listing without a number risks a fine of up to €5,000. We confirm the exact property requirements with the ministry before filing.

Rental income is taxable: tax is calculated on 80% of the income, and residents also pay 2.65% to GESY. An annual tax return is required. For an owner with PR, rental income is a legitimate source of money, but the letting itself must follow the rules.

A simple example

A client got PR through a flat in Paphos and wants to let it to tourists while living abroad. We arrange insurance, register the flat with the tourism ministry and put the number in the listings. An accountant files the tax return once a year.

When you will need the licence

  • Letting a flat to tourists by the night
  • Letting through booking platforms
  • Letting your home while you are away from Cyprus
  • A hotel or apartments under option B
  • Checking a property before buying to let

03 / What it covers

Key facts about the licence

01

Registration

  • Deputy Ministry of Tourism
  • Property number
  • 3-year term
02

Obligations

  • Number in every listing
  • Liability insurance
  • Guest registration
03

Taxes

  • Tax on 80% of income
  • GESY 2.65%
  • Annual tax return
04

Risks

  • Fine without a number
  • Listings removed
  • Guest claims

04 / How it works

How to set up short-term letting

Step 1

Property check

Whether the home suits short-term letting.

Step 2

Insurance

A liability policy towards guests.

Step 3

Registration

Application to the Deputy Ministry of Tourism.

Step 4

Number in listings

Shown on every platform.

Step 5

Taxes

Income records and an annual tax return.

05 / Key facts

What matters

01Issued by

Deputy Ministry of Tourism

Registration is with the Cyprus Deputy Ministry of Tourism.

02Number

In every listing

A listing without a number must not be published. According to our data, the fine is up to €5,000.

03Cost

€222 for 3 years

Plus liability insurance. We confirm the requirements with the ministry before filing.

04Tax

On 80% of income

Residents also pay GESY at 2.65%. An accountant files the return once a year.

Common mistakes

Publishing a listing without a number

This breaks the rules and risks a fine. Register first, then list.

Forgetting liability insurance

It is needed for registration and protects you from guest claims.

Not declaring rental income

The income is taxable. An accountant keeps records and files the return.

06 / Expert advice

Igor Vents

How to prepare in advance

If you buy a home to let short-term, check before purchase that the property is suitable. Arrange liability insurance in advance and decide who will keep the income records.

What we do for you. We register your home for short-term letting, keep the number in your listings and help with taxes.

Igor VentsHead of real estate, Title Deed and property checks

07 / Questions

Frequently asked questions

Registration of a home for holiday letting with the Cyprus Deputy Ministry of Tourism.

Yes, the registration number appears in every listing.

According to our data, €222 for 3 years plus liability insurance.

The listing breaks the rules, and according to our data the fine is up to €5,000.

Tax is calculated on 80% of the income, and residents also pay GESY at 2.65%.

Yes, rental income is a legitimate source of money, but letting must follow the rules.

Author: Igor Vents

Reviewed by: Sergey Evdokimov

Sources: Cyprus Deputy Ministry of Tourism, Cyprus Tax Department, gov.cy - individuals

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Anna Kovalevskaya, lead lawyer at BRIDGES GLOBAL
Anna KovalevskayaLead lawyer, citizenship and residency, 12 years of practice