Cyprus: Government
Key Figures
- Chief of State:
- President Nicos Christodoulidis
- Head of Government:
- President Nicos Christodoulidis
Overview
- Government Name:
- Republic of Cyprus
- Constitution:
- Constitution of 1960 collapsed in 1963 due to a dispute between the Greek and Turkish Cypriots.
- Government Type:
- Republic
Index of Economic Freedom
Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2023)
Country Risk Rating
B
Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behavior. Corporate default probability is appreciable. Source: Coface (2022)
Government Branches
Main Powers | Election Process | Election Cycle 1 | |
---|---|---|---|
Executive | The president is the head of state and government that exercises the executive power. |
The president is elected by absolute majority vote through a two-round system. |
5 years |
Judicial | The supreme court is independent of the executive and legislative branches. |
Supreme court judges are appointed by the president of the republic upon the recommendation of the current supreme court judges. |
No term limit |
Legislative | The house of representatives shares the legislative power with the government. |
The house of representatives has 80 members elected by open list proportional representation in multi-member constituencies. |
5 years |
Regional Trade Blocs
International Organization Participation [2]
Environmental Agreements [3]
Tax Information [2]
- Tax Authority:
- The VAT Service
- Tax Name:
- VAT
Sources:
- ElectionGuide http://www.electionguide.org/
- EY, http://www.ey.com
- CIA World Factbook, https://www.cia.gov/the-world-factbook/
- U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/