Limassol, Cyprus. Leptos Group has placed branded residences, large-scale seafront developments and international partnerships at the centre of its latest effort to promote Cyprus as a more outward-looking investment destination. At the same time, Cyprus’ Tax Department is preparing extensive summer inspections in coastal business areas, while Bank of Cyprus has introduced a new card payment feature.
Leptos Group outlines investment focus
According to its announcement, Leptos Group, which has been active for more than six decades, said its work across real estate development, hospitality, education and healthcare continues to support Cyprus’ international positioning while strengthening its competitiveness in global markets.
Limassol Del Mar highlighted
The company pointed to Limassol Del Mar as one of the projects that helped reshape the modern image of the city. It described the seafront development as a revolutionary project for Cyprus standards and one of the country’s most iconic architectural landmarks.
Rising directly on Limassol’s seafront, the project introduced what the company said was a new benchmark in architecture, design and lifestyle infrastructure, while also contributing significantly to the redevelopment and international image of Limassol.
Tax Department plans coastal inspections
Cyprus’ Tax Department is preparing a wave of extensive inspections in businesses operating in coastal areas during July and August, as part of measures introduced under the government’s tax reform programme aimed at tackling tax evasion.
According to a report released on Tuesday by Philenews, the inspections will primarily target businesses whose activity peaks during the summer season and which are located in areas attracting large numbers of tourists.
Focus on tax debts and receipts
Companies found to be violating tax legislation could see their premises sealed until their owners comply with the law.
The checks will focus on two fronts: outstanding tax debts and the issuance of receipts.
Under the new legal framework, which came into force on January 1, 2026, businesses, legal entities and individuals with tax debts exceeding €20,000, as well as companies failing to issue receipts, may be subject to temporary closure.
Bank of Cyprus adds card payment feature
The Bank of Cyprus has introduced a new feature for cardholders that allows customers to view the location of merchants in real time for every payment made through the bank’s cards.