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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2019 How will property values change in 2019

    The Cyprus property portal Zyprus, which enables business to advertise their... read more

  • 1 February 2019 First the Schengen Visa and then the passport

    Cyprus will have a hotline with other European countries for investors who... read more

  • 24 January 2019 New Area Plan announced for the area of Petroleum and LPG storage facilities in the Larnaca and Livadia area

    On 21/12/2018 the Strategic Environmental Impact Study (SEPA) of the Area... read more

  • 21 January 2019 The real estate market is flying in Cyprus

    Property sales were doubled last year compared to 2013, when Cyprus plunged... read more

  • 21 January 2019 Deputy Minister of Tourism The marina of Agia Napa will upgrade the area

    The estimate that the Ayia Napa marina will upgrade the free area of... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2019 How will property values change in 2019

    The Cyprus property portal Zyprus, which enables business to advertise their... read more

  • 1 February 2019 First the Schengen Visa and then the passport

    Cyprus will have a hotline with other European countries for investors who... read more

  • 24 January 2019 New Area Plan announced for the area of Petroleum and LPG storage facilities in the Larnaca and Livadia area

    On 21/12/2018 the Strategic Environmental Impact Study (SEPA) of the Area... read more

  • 21 January 2019 The real estate market is flying in Cyprus

    Property sales were doubled last year compared to 2013, when Cyprus plunged... read more

  • 21 January 2019 Deputy Minister of Tourism The marina of Agia Napa will upgrade the area

    The estimate that the Ayia Napa marina will upgrade the free area of... 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.