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Green light to operate for EU estate agents in Cyprus

Posted on February 20, 2011

THE EUROPEAN Commission yesterday ended infringement proceedings against Cyprus after the latter changed the law on estate agents, removing restrictions on the activities of non-Cypriot EU professionals.
The Commission had received complaints from professionals who were unable to work in Cyprus, either because they could no longer do so as a result of a law passed in 2004, or because their professional qualifications were not recognised.
The 2004 law laid down conditions for the recognition of the qualifications of professional estate agents from other member states, who were also required to pass an examination on Cyprus law. Agents not established in Cyprus were allowed to work here only in collaboration with a Cypriot agent. A firm operating as an estate agent could not engage in other activities, and its employees could work only for that firm.
Following notification of the restrictive law, the Commission started infringement proceedings against Cyprus, sending a reasoned opinion to Cyprus in October 2009. A law removing the obstacles identified by the Commission was adopted on July 17, 2010.
As a result, estate agents from the EU are free to establish themselves and exercise their activities in Cyprus.
According to a Commission announcement, EU estate agents can now choose to perform their activities in Cyprus and thus exercise their right to freedom of movement as guaranteed by the European Treaties.
"This situation will also be to the benefit of all citizens, who will have the option of contacting an estate agent near to them in order to obtain information with a view to acquiring a property in Cyprus," said the announcement.


Published on February 17, 2011 Cyprus Mail. 

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