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Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

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Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

  • 27 December 2017 Приобретение земли и собственности на Кипре: что нужно знать

    – Недвижимость, приобретаемую на Кипре,... read more

  • 27 December 2017 На Кипре построят новые высотные здания

    На Кипре построят новые высотные здания read more

  • 12 December 2017 November property sales up 39 percent

    Property sales in Cyprus rose 39 per cent in November compared with November... read more

  • 6 November 2017 Parliament approves bill on building land

    The new bill imposing VAT on building land has been approved by parliament... read more

  • 13 October 2017 What is the VAT settlement on plots Applies from 2018

    19% VAT is limited to the purchase and sale of undeveloped land that will be... read more

Buying process

Permission to buy property:

Non- Eu citizens are entitled to freehold ownership of properties and offshore entities may buy premises for their business or residence for their foreign employees. Permission to buy property must be sought from the District Officer by written application, which must be submitted by the non –Eu citizen purchaser after the contract of sale is signed. This permission is granted more or less as a matter of course to all bona fide purchasers. In the meantime, however, purchasers may take possession of their property without restriction. The same applies to EU citizens that are not resident in Cyprus. EU citizens are the permanent citizens in Cyprus do not require permission to buy any immovable property.

EU citizens can register as many properties as they wish in their name.

Legal entities established in EU countries that have their headquarters and registered office in Cyprus, do not require permission to buy any immovable property. Legal entities established in Cyprus and controlled by citizens of the EU require permission to buy immovable property in Cyprus as well as other legal entities.

Legal cost:

Legal fees vary according to the price of the property but the fee of an experienced property solicitor is usual between €1.500 - €2.000.