Permission to Buy a Property in Cyprus
Acquisition of a property in Cyprus is a straightforward process especially when compared to other countries. C&E Christoforou will assist you in every step of this process to successfully get you on the property ladder in the island.
–Non EU citizens have the right of acquisition of freehold property/ies as long the acquisition of a property application is sought from the Council of Ministers after the contract of sale is signed. The permit is issued within two months. In the meantime purchasers are allowed to move into the property without any restrictions.
–EU citizens who are not residents in Cyprus need also to apply for Acquisition of a property to the Council of Ministers.
–EU citizens who are permanent citizens in Cyprus do not require permission to buy any property.
–Legal entities e.g. companies with their headquarters based abroad require permission as well.