On 21 July 2017, Law Ν. 113(I)/2017 on Actions for Damages for Infringements of Competition  Law came into force, following its publication in the Official Gazette of the Republic of Cyprus. The law in question transposes into Cyprus law Directive 2014/104/EU of the European Parliament and of the Council of 26 November 2014 on certain rules governing actions for damages under national law for infringements of the competition law provisions of the Member States and of the European Union.

On 14 July 2017 the Cyprus Parliament voted to amend the individual tax residence rule, under which individuals can now be held to be tax resident, even if they reside in Cyprus for less than 183 days.