European real estate agency will be able to work in Cyprus

Real estate agencies in the EU will be able to freely open offices and to carry out activities in Cyprus. Under pressure from the European Commission it was abolished a law that restricts the activities of Cyprus real estate agencies from other European Union countries. He was considered by the European Commission as unfair. Now it canceled the condition that the professionals needed to prove their skills in the real estate sector, as well as to take exams on knowledge of the laws of Cyprus. Now the agency from the EU are free to open offices in Cyprus or work in partnership with local agencies without opening a representative office. However, a company operating as a real estate agency can not conduct other activities, and its employees can not work simultaneously in other firms. From the decision of the European Commission will certainly benefit Cyprus property buyers from the EU, since the European Agency will be free to open offices in Cyprus, which should improve the quality of their work. Based on materials The Move Channel