The Enforcement of Temporary Restrictive Measures on
Transactions in case of Emergency Thirty-Fifth Decree of 2015 and
the Enforcement of Temporary Restrictive Measures on Transactions
of Foreign Banks in case of Emergency Twenty-Eighth Decree of 2015
expired on 6 April 2015.
The President of the Republic of Cyprus announced on 3 April 2015
that the restrictive measures on movement of capital relating to
transactions and transfers of funds abroad would be completely
abolished and as a result the decrees would not be renewed.
Funds are now freely transferrable both within Cyprus and
abroad.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.