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CYPRUS
Purchasing Procedure
For non-Cypriots, the process of purchasing property in Cyprus is very simple. Premierdom Property Consultants Ltd will be guide you all the way, assisting you with anything that you may need.
Non-EU citizens are entitled to ownership of properties, while offshore entities may buy premises for their business or as a residence for their foreign employees. Permission to buy property must be sought from the Council of Ministers or the local city authorities by written application, submitted by the non-EU purchaser after the agreement 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 application to the Council of Ministers to acquire immovable property in Cyprus can be made within reasonable time after signing the contract of sale.
EU citizens who are permanent citizens in Cyprus does not require permission to buy any immovable property.
EU citizens who are not resident in Cyprus also needs the approval of the Council of Ministers.
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 requires permission to buy immovable property in Cyprus, as well as any other legal entities.
If requested, Premierdom Property Consultants Ltd will submit your application on your behalf, for a reasonable fee.