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Cyprus Reopens Applications For Digital Nomad Visa For Remote Professionals

by THEFUTURE.TEAM

March 26, 2025

Cyprus is stepping up its game in the global digital economy with its Digital Nomad Visa scheme, designed to attract top remote talent from outside the EU and EEA. The initiative, overseen by the Deputy Ministry of Migration and International Protection, allows non-EU professionals working in the tech and digital services sectors to live in Cyprus while maintaining contracts with international clients or companies.

The program is part of Cyprus’s broader strategy to establish itself as a prime hub for digital services. With its business-friendly environment, competitive tax system, and Mediterranean lifestyle, the country aims to create a thriving ecosystem for remote professionals, ultimately boosting economic growth and innovation. For more details on eligibility and the application process, visit the Migration Department’s official website.

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EU Slaps Apple And Meta With Hefty Fines For Digital Market Violations

by News Editor

April 23, 2025

Hefty Penalties for Tech Giants

The European Commission has recently imposed substantial fines on tech behemoths Apple and Meta. Apple faces a €500 million penalty, while Meta has been fined €200 million for breaching the Digital Markets Act (DMA).

Behind the Decision

After engaging in extensive discussions with the companies, the Commission concluded that both giants failed to adhere to the DMA’s regulations. These decisions could potentially lead to diplomatic friction, especially considering former U.S. President Donald Trump’s threatened tariffs on nations that impose penalties on American firms.

Messages from the Commission

Teresa Ribera, Executive Vice President of the European Commission, emphasized the importance of this ruling. “The DMA is a pivotal tool ensuring that digital players operate within fair market boundaries. Apple and Meta’s actions have amplified user dependency on their platforms, contravening our laws,” she stated.

A Wider Impact on the Digital Economy

This landmark decision underscores the EU’s commitment to nurturing a balanced digital market landscape. As Cyprus continues its economic ascent, with its GDP reaching €33.57 billion, such regulatory measures are critical for maintaining cross-border economic stability.