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Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

  • 11 March 2020 Shortage of Housing Units for Rent and Some of our Suggestions that could solve the problem

    It has been realized in the market, that there is a large shortage of housing... read more

  • 5 March 2020 What we know so far about Brexit

    It is now a fact that the United Kingdom has left the European Union since... read more

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

  • 11 March 2020 Shortage of Housing Units for Rent and Some of our Suggestions that could solve the problem

    It has been realized in the market, that there is a large shortage of housing... read more

  • 5 March 2020 What we know so far about Brexit

    It is now a fact that the United Kingdom has left the European Union since... read more

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... 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.