Gambling Services in Cyprus

The Republic of Cyprus joined the European Union in 2004. Cyprus has a legal framework dealing with all facets of gambling, which is generally prohibitive and monopolistic in nature. These restrictive gambling policies may hinder the growth of foreign gambling operators in Cyprus to the detriment of the country’s economy.

The following questions have been addressed in this article:

What are the some of the legal barriers to the emergence of gambling operations and services in Cyprus?
How are different types of gambling activities taxed in Cyprus?

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