| Spouses and children included in disclosure |
Yes. The asset declaration contains also information about the assets of the spouse and minor children
(Article 4 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Real estate |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared:
(a) immovable property, including property rights and encumbrances on them with complete description of the nature, extent, topographic data, the manner, time and their value at the time of acquisition.
(Article 4.1 (a) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Movable assets |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (b) all kinds of motorized transport including vessels.
(Article 4.1 (b) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Cash |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (c) any financial interest in any business.
(d) all types of assets valued in bonds, debentures, shares and dividends to their own economic interests in private and public companies, deposits in commercial banks, savings banks and cooperative societies, income or benefits from insurance policies and any other incomes.
The 2024 reform clarifies and expands the notion of financial assets and “net worth”, ensuring more comprehensive coverage of financial interests (including indirect holdings).
(Article 4.1 (c)(d) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Loans and Debts |
Yes. The financial statement additionally includes:
(b) a statement of debts
(Article 4.2 (b), Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Income from outside employment/assets |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (c) any financial interest in any business.
(d) all types of assets valued in bonds, debentures, shares and dividends to their own economic interests in private and public companies, deposits in commercial banks, savings banks and cooperative societies, income or benefits from insurance policies and any other incomes.
(Article 4.1 (c) (d) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Gifts received as a public official |
No. Absent from legal framework.
|
| Private firm ownership and/or stock holdings |
Yes. The president cannot be a board member or director of a private company in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Ownership of state-owned enterprises (SOEs) |
No. The president cannot be a board member or director of a public body in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (d) (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Holding government contracts |
Yes. The president cannot be a board member or a director of a company to which a public contract is awarded. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (b) (c) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Board member, advisor, or company officer of private firm |
No. The president cannot be a board member or director of a private company in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Post-employment |
No. Absent from legal framework.
|
| Simultaneously holding policy-making position and policy-executing position |
No. Absent from legal framework.
|
| Participating in official decision-making processes that affect private interests |
No. Absent from legal framework.
|
| Concurrent employment of family members in public sector |
No. Absent from legal framework.
|
| Filing required upon taking office |
Yes. Within three months of taking office, the president submits declaration of assets.
The declaration of incompatibility is submitted prior to taking office.
(Article 3.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Filing required upon leaving office |
Yes. Within three months of vacating office, the president submits declaration of assets
(Article 3.2 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Filing required annually |
No. Filing of a declaration of assets required every three years.
(Article 3 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Ad hoc filing required upon change in assets or conflicts of interest |
No. The declaration of assets must contain any change in assets which has occurred in the period between the current and previous statement.
While no strict real-time reporting obligation is introduced, the new system moves closer to continuous oversight, reinforcing the obligation to report changes between declarations.
(Article 4.2 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Sanctions stipulated for late filing (fines, administrative, and/or criminal) |
Yes . Absent from legal framework.
The 2024 reform introduces clearer sanctions for failure to submit or late submission, including financial penalties and enforcement in practice.
(Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Sanctions stipulated for non-filing (fines, administrative, and/or criminal) |
Yes . Absent from legal framework.
The 2024 reform introduces clearer sanctions for failure to submit or late submission, including financial penalties and enforcement in practice.
(Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Sanctions stipulated for false disclosure (fines, administrative, and/or criminal) |
No. A person making a false declaration of incompatibility shall be subject to a prison sentence of no more than an year and a fine of up to 10 000 euro. No explicit sanction for false disclosure of declaration of assets
The 2024 framework introduces explicit consequences for inaccurate or incomplete declarations, going beyond the previous limitation to incompatibility declarations only.
(Article 7 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)
Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Depository body explicitly identified |
Yes. A Special Parliamentary Committee is established for the management of assets disclosures.
The Incompatibility declaration is submitted to the appointing body and the Incompatibility Investigation Committee
(Article 5Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017;
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)
Law 137(I)/2024) |
| Enforcement body explicitly identified |
Yes. The special Parliamentary Committee is responsible for verifying the information submitted in the declaration of assets.
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 5Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017;
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)
Law 137(I)/2024) |
| Some agency assigned responsibility for verifying submission |
Yes. The special Parliamentary Committee is responsible for verifying that the declaration of assets is submitted.
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 5Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017;
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)
Law 137(I)/2024) |
| Some agency assigned responsibility for verifying accuracy |
Yes. The special Parliamentary Committee is responsible for verifying the acccurancy of the information submitted in the declarations of assets .
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 5Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017;
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)
Law 137(I)/2024) |
| Public availability |
Yes. Parts of the declaration should be made public.
(Article 8.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Timing of information release specified |
No. Absent from legal framework.
|
| Location(s) of access specified |
Yes. Website of the relevant institution
The introduction of an electronic declaration platform implies clearer and more centralised access points (online publication).
(Article 8.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Cost of access specified |
No. Absent from legal framework.
|
| Spouses and children included in disclosure |
Yes. The asset declaration contains also information about the assets of the spouse and minor children
(Article 4 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Real estate |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared:
(a) immovable property, including property rights and encumbrances on them with complete description of the nature, extent, topographic data, the manner, time and their value at the time of acquisition.
(Article 4.1 (a) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Movable assets |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (b) all kinds of motorized transport including vessels.
(Article 4.1 (b) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Cash |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (c) any financial interest in any business.
(d) all types of assets valued in bonds, debentures, shares and dividends to their own economic interests in private and public companies, deposits in commercial banks, savings banks and cooperative societies, income or benefits from insurance policies and any other incomes.
The 2024 reform clarifies and expands the notion of financial assets and “net worth”, ensuring more comprehensive coverage of financial interests (including indirect holdings).
(Article 4.1 (c)(d) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Loans and Debts |
Yes. The financial statement additionally includes:
(b) a statement of debts
(Article 4.2 (b), Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Income from outside employment/assets |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (c) any financial interest in any business.
(d) all types of assets valued in bonds, debentures, shares and dividends to their own economic interests in private and public companies, deposits in commercial banks, savings banks and cooperative societies, income or benefits from insurance policies and any other incomes.
(Article 4.1 (c) (d) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Gifts received as a public official |
No. Absent from legal framework.
|
| Private firm ownership and/or stock holdings |
Yes. The minister cannot be a board member or director of a private company in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Ownership of state-owned enterprises (SOEs) |
No. The minister cannot be a board member or director of a public body in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (d) (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Holding government contracts |
Yes. The minister cannot be a board member or a director of a company to which a public contract is awarded. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (b) (c) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Board member, advisor, or company officer of private firm |
No. The minister cannot be a board member or director of a private company in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Post-employment |
Yes. Any person who has served as a minister is obliged to submit a request to a special commission to undertake any employment in a particular employer in the private sector within the first two years from the date of retirement or termination of service or of his term of office
(Article 5.1 Law on post employment inspection of Former State Officials and Certain Former Public and Public Sector Employees(114(I)/2007, amended in 2011)) |
| Simultaneously holding policy-making position and policy-executing position |
No. Absent from legal framework.
|
| Participating in official decision-making processes that affect private interests |
No. Absent from legal framework.
|
| Concurrent employment of family members in public sector |
No. Absent from legal framework.
|
| Filing required upon taking office |
Yes. Within three months of taking office, the minister submits declaration of assets.
The declaration of incompatibility is submitted prior to taking office.
(Article 3.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Filing required upon leaving office |
Yes. Within three months of vacating office, the minister submits declaration of assets
(Article 3.2 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Filing required annually |
No. Filing of a declaration of assets required every three years.
(Article 3 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Ad hoc filing required upon change in assets or conflicts of interest |
No. The declaration of assets must contain any change in assets which has occurred in the period between the current and previous statement.
While no strict real-time reporting obligation is introduced, the new system moves closer to continuous oversight, reinforcing the obligation to report changes between declarations.
(Article 4.2 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Sanctions stipulated for late filing (fines, administrative, and/or criminal) |
Yes . Absent from legal framework.
The 2024 reform introduces clearer sanctions for failure to submit or late submission, including financial penalties and enforcement in practice.
(Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Sanctions stipulated for non-filing (fines, administrative, and/or criminal) |
Yes. In the case a Mininster fails to disclose or discloses false information, the consequences are decided by the President of the Republic.
The 2024 reform introduces clearer sanctions for failure to submit or late submission, including financial penalties and enforcement in practice.
(Article 9.2, Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Sanctions stipulated for false disclosure (fines, administrative, and/or criminal) |
No. A person making a false declaration of incompatibility shall be subject to a prison sentence of no more than an year and a fine of up to 10 000 euro. No explicit sanction for false disclosure of declaration of assets.
In the case a Mininster fails to disclose or discloses false information, the consequences are decided by the President of the Republic.
The 2024 framework introduces explicit consequences for inaccurate or incomplete declarations, going beyond the previous limitation to incompatibility declarations only.
(Article 7 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014);
Article 9.2, Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Depository body explicitly identified |
Yes. A Special Parliamentary Committee is established for the management of assets disclosures.
The Incompatibility declaration is submitted to the appointing body and the Incompatibility Investigation Committee
(Article 5 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Enforcement body explicitly identified |
Yes. The special Parliamentary Committee is responsible for verifying the information submitted in the declaration of assets.
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 6.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Some agency assigned responsibility for verifying submission |
Yes. The special Parliamentary Committee is responsible for verifying that the declaration of assets is submitted.
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 6.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Some agency assigned responsibility for verifying accuracy |
Yes. The special Parliamentary Committee is responsible for verifying the acccurancy of the information submitted in the declarations of assets .
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 6.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Public availability |
Yes. Declaration should be made public. Declarations of MPs' spouses and children shall not be public
(Article 8.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Timing of information release specified |
No. Absent from legal framework.
|
| Location(s) of access specified |
Yes. Website of the relevant institution
The introduction of an electronic declaration platform implies clearer and more centralised access points (online publication).
(Article 8.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Cost of access specified |
No. Absent from legal framework.
|
| Spouses and children included in disclosure |
Yes. The asset declaration contains also information about the assets of the spouse and minor children
(Article 4 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Real estate |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared:
(a) immovable property, including property rights and encumbrances on them with complete description of the nature, extent, topographic data, the manner, time and their value at the time of acquisition.
(Article 4.1 (a) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Movable assets |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (b) all kinds of motorized transport including vessels.
(Article 4.1 (b) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Cash |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (c) any financial interest in any business.
(d) all types of assets valued in bonds, debentures, shares and dividends to their own economic interests in private and public companies, deposits in commercial banks, savings banks and cooperative societies, income or benefits from insurance policies and any other incomes.
The 2024 reform clarifies and expands the notion of financial assets and “net worth”, ensuring more comprehensive coverage of financial interests (including indirect holdings).
(Article 4.1 (c)(d) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Loans and Debts |
Yes. The financial statement additionally includes:
(b) a statement of debts
(Article 4.2 (b), Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Income from outside employment/assets |
Yes. The following assets within and outside Cyprus, possessed at the time of submission must be declared: (c) any financial interest in any business.
(d) all types of assets valued in bonds, debentures, shares and dividends to their own economic interests in private and public companies, deposits in commercial banks, savings banks and cooperative societies, income or benefits from insurance policies and any other incomes.
(Article 4.1 (c) (d) Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Gifts received as a public official |
No. Absent from legal framework.
|
| Private firm ownership and/or stock holdings |
Yes. The Member of Parliament cannot be a board member or director of a private company in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Ownership of state-owned enterprises (SOEs) |
No. The Member of Parliament cannot be a board member or director of a public body in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (d) (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Holding government contracts |
Yes. The Member of Parliament cannot be a board member or a director of a company to which a public contract is awarded. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (b) (c) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Board member, advisor, or company officer of private firm |
No. The Member of Parliament cannot be a board member or director of a private company in certain situations. Any person mentioned in the Schedule shall, before accepting any office, owe him to make a written disclosure to the appointing authority or the Commission in respect of them elected officials of the Article 2 Schedule of any existing entity under this Agreement Incompatibility Act and, in the event of incompatibility, it is not permitted to accept the unless it has previously made a written undertaking to do so for resignation, alienation or termination, within a reasonable time, of the particular economic transaction, relationship or property that is incompatible
(Article 3.1 (e) and 5 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Post-employment |
No. Absent from legal framework.
|
| Simultaneously holding policy-making position and policy-executing position |
No. Absent from legal framework.
|
| Participating in official decision-making processes that affect private interests |
No. Absent from legal framework.
|
| Concurrent employment of family members in public sector |
No. Absent from legal framework.
|
| Filing required upon taking office |
Yes. Within three months of taking office, the Member of Parliament submits declaration of assets.
The declaration of incompatibility is submitted prior to taking office.
(Article 3.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Filing required upon leaving office |
Yes. Within three months of vacating office, the Member of Parliament submits declaration of assets
(Article 3.2 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Filing required annually |
No. Filing of a declaration of assets required every three years.
(Article 3 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017) |
| Ad hoc filing required upon change in assets or conflicts of interest |
No. The declaration of assets must contain any change in assets which has occurred in the period between the current and previous statement.
While no strict real-time reporting obligation is introduced, the new system moves closer to continuous oversight, reinforcing the obligation to report changes between declarations.
(Article 4.2 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Sanctions stipulated for late filing (fines, administrative, and/or criminal) |
Yes. If a Member of the Parliament does not submit a declaration of assets within the deadline, or submits a false statement, the consequences are regulated by the Rules of Procedure of the House of Representatives.
The 2024 reform introduces clearer sanctions for failure to submit or late submission, including financial penalties and enforcement in practice.
(Article 9.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Sanctions stipulated for non-filing (fines, administrative, and/or criminal) |
Yes. If a Member of the Parliament does not submit a declaration of assets within the deadline, or submits a false statement, the consequences are regulated by the Rules of Procedure of the House of Representatives.
The 2024 reform introduces clearer sanctions for failure to submit or late submission, including financial penalties and enforcement in practice.
(Article 9.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Sanctions stipulated for false disclosure (fines, administrative, and/or criminal) |
Yes. A person making a false declaration of incompatibility shall be subject to a prison sentence of no more than an year and a fine of up to 10 000 euro. No explicit sanction for false disclosure of declaration of assets.
If a Member of the Parliament does not submit a declaration of assets within the deadline, or submits a false statement, the consequences are regulated by the Rules of Procedure of the House of Representatives.
The 2024 framework introduces explicit consequences for inaccurate or incomplete declarations, going beyond the previous limitation to incompatibility declarations only.
(Article 7 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)
Article 9.1 Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024 (+EU Rule of Law Report 2024)) |
| Depository body explicitly identified |
Yes. A Special Parliamentary Committee is established for the management of assets disclosures.
The Incompatibility declaration is submitted to the appointing body and the Incompatibility Investigation Committee
(Article 5Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017;
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Enforcement body explicitly identified |
Yes. The special Parliamentary Committee is responsible for verifying the information submitted in the declaration of assets.
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 6.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Some agency assigned responsibility for verifying submission |
Yes. The special Parliamentary Committee is responsible for verifying that the declaration of assets is submitted.
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 6.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Some agency assigned responsibility for verifying accuracy |
Yes. The special Parliamentary Committee is responsible for verifying the acccurancy of the information submitted in the declarations of assets .
The Incompatibility Investigation Committee shall investigate, find any incompatibility or failure to disclose it.
(Article 6.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Article 5.1 Law on the Incompatibility of Certain Officials to carry out certain activities (adopted in 2008, amended in 2014)) |
| Public availability |
No. Parts of the declaration should be made public.
Although the framework is modernised, public access remains limited: only parts of declarations are published, privacy restrictions remain strong, no full transparency introduced
(Article 8.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Timing of information release specified |
No. Absent from legal framework.
|
| Location(s) of access specified |
Yes. Website of the relevant institution
The introduction of an electronic declaration platform implies clearer and more centralised access points (online publication).
(Article 8.1Law on the Declaration of Assets and Audits of Property of the President, the Ministers and the Members of Parliament (Law 49(I)/2004), as amended by Law 53(I)/2017
Law 137(I)/2024) |
| Cost of access specified |
No. Absent from legal framework.
|
| Spouses and children included in disclosure |
Yes. Civil servants are required to submit a statement of any changes in their personal assets, as well as his spouse and dependent children.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Real estate |
Yes. In March every third year civil servants are required to submit a statement of any changes that occurred in their assets and those of their spouses and dependent children.
There are no specifications as to the content of the statement - all assets must be included.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Movable assets |
Yes. In March every third year civil servants are required to submit a statement of any changes that occurred in their assets and those of their spouses and dependent children.
There are no specifications as to the content of the statement - all assets must be included.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Cash |
Yes. In March every third year civil servants are required to submit a statement of any changes that occurred in their assets and those of their spouses and dependent children.
There are no specifications as to the content of the statement - all assets must be included.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Loans and Debts |
Yes. In March every third year civil servants are required to submit a statement of any changes that occurred in their assets and those of their spouses and dependent children.
There are no specifications as to the content of the statement - all assets must be included.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Income from outside employment/assets |
Yes. In March every third year civil servants are required to submit a statement of any changes that occurred in their assets and those of their spouses and dependent children.
There are no specifications as to the content of the statement - all assets must be included.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Gifts received as a public official |
No. Absent from legal framework.
|
| Private firm ownership and/or stock holdings |
No. Absent from legal framework.
|
| Ownership of state-owned enterprises (SOEs) |
No. Absent from legal framework.
|
| Holding government contracts |
No. Absent from legal framework.
|
| Board member, advisor, or company officer of private firm |
No. Absent from legal framework.
|
| Post-employment |
No. Absent from legal framework.
|
| Simultaneously holding policy-making position and policy-executing position |
No. Absent from legal framework.
|
| Participating in official decision-making processes that affect private interests |
No. Absent from legal framework.
|
| Concurrent employment of family members in public sector |
No. Absent from legal framework.
|
| Filing required upon taking office |
No. Absent from legal framework.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Filing required upon leaving office |
No. Absent from legal framework.
|
| Filing required annually |
No. Filing required in March of every third year.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Ad hoc filing required upon change in assets or conflicts of interest |
No. The competend authority may request an interim report on the civil servant's assets and specifications on the information submitted, as well as the accuracy of the information submitted.
(Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Sanctions stipulated for late filing (fines, administrative, and/or criminal) |
No. Absent from legal framework.
|
| Sanctions stipulated for non-filing (fines, administrative, and/or criminal) |
Yes. Administrative sanctions include: a) reprimand (b) severe reprimand (c) disciplinarydisplacement (d) denial of annual raise (e) annual postponement of raise (f) a financial penalty that does not exceed the value of three months of income (g) regression on the pay scale (h) regression in a lower position (i) retirement and forced (j) dismissal.
(Article 73.1, Article 79.1 in conjunction with Article 66.2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Sanctions stipulated for false disclosure (fines, administrative, and/or criminal) |
Yes. The finding of inaccuracies in the financial disclosure statement of the employee, implies disciplinary proceedings. / If the employee is found to have obtained assets under circumstances which constitute a criminal or disciplinary offense, the appropriate measures are taken. / Disciplinary proceedings range from reprimant to termination of employment from the Civil Service.
(Article 79 in conjunction with Article 66.3 Civil Servants Law (No. 1/1990, amended 2015)) |
| Depository body explicitly identified |
Yes. Depending on the institution in which the civil servant is appointed, a different competent authority exists.
(Article 66.2 in conjunction with Article 2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Enforcement body explicitly identified |
Yes. Depending on the institution in which the cvil servant is appointed, a different competent authority exists.
(Article 66.2 in conjunction with Article 2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Some agency assigned responsibility for verifying submission |
Yes. Depending on the institution in which the cvil servant is appointed, a different competent authority exists.
(Article 66.2 in conjunction with Article 2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Some agency assigned responsibility for verifying accuracy |
Yes. The competend authority may request an interim report on the civil servant's assets and specifications on the information submitted, as well as the accuracy of the information submitted.
(Article 66.2 in conjunction with Article 2 Civil Servants Law (No. 1/1990, amended 2015)) |
| Public availability |
No. Absent from legal framework.
|
| Timing of information release specified |
No. Absent from legal framework.
|
| Location(s) of access specified |
No. Absent from legal framework.
|
| Cost of access specified |
No. Absent from legal framework.
|
Cyprus
67(72) Political Financing 
58(57) Financial Disclosure 
41(49) Conflict of Interest 
24(59) Freedom of Information 
61(63) Public Procurement 
63(66) Anti Money Laundering 
60(71) Asset Recovery