Application for permit to acquire immovable property in Cyprus by a foreigner (Non-EU)

Author: Multilysis Services Limited
Date: 2012-03-01
The following information and/or documents will be required by the District office of each District in order for a permit to be issued for the acquisition of immovable property in Cyprus by aliens:
 
In Cyprus, an alien can easily proceed with the acquisition of immovable property. 
 
Alien is defined as meaning a foreigner or a non-Cypriot or as any person not being a citizen of the Republic (except a local company controlled by non-residents (IBC) or a foreign Company or a trust in favour of a foreign person).
 
All immovable property (a term that includes both land and buildings) is registered at the Lands Registry Office of Cyprus.
 
An Alien can purchase immovable property in Cyprus with some limitations i.e.:
  • Purchase of 1 apartment, or,
  • Purchase of 1 house, or,
  • Purchase of a building plot, or land up to 4014 sq. m.   
 
The District Officer may at times approve the acquisition of a larger piece of property by foreigners for: 1) Tourist Development projects and, 2) some Industrial projects.
 
 
The following information and/or documents will be required by the District office of each District in order for a permit to be issued for the acquisition of immovable property in Cyprus by aliens:
  1. Side Plan
  2. Copy of the Title deed and Land Registry Plans accompanying the Title Deed of the property to be acquired.
  3. Copy of the building permit for the erection of a house or any other kind of building, or for the permit residential development of the land. For land that is under division, then such permit should be also filed. 
  4. A duly stamped copy of the purchase agreement
  5. Plan of the house/apartment. In case of a land division, a division plan will be required. In case of residential development, a plan will be required, where the exact location of the residence is shown within the whole estate.
  6. The total area in sq.m. of the property to be acquired.
  7. Evidence of the financial status of the applicant.
  8. Copy of the passport of the applicant and the passport of the husband/wife.  All pages showing/verifying stamps of their arrival in Cyprus and departure from Cyprus should be filed.
  9. Copy of the certificate of marriage of the applicant or a related certificate by the Embassy of their country of origin (this applies where the surname of the wife is not the same as the husband and/or if the wife has not changed the surname of her family). The marriage certificate must be officially translated into Greek or English.
  10. The applicant must provide copy of the residence or work permit in Cyprus.
  11. A duly completed Application Comm 145.
  12. In case the applicant is a company or the applicant is a shareholder of an offshore company, all relevant certificates of the company (shareholders, directors and the registered office of the company) are required to be filed.  Furthermore, copy of the memorandum & articles of association of the company should be filed.
  13. In addition, the shareholders of the applicant company and their husbands/wives must provide their passport copies and they should verify whether they acquire any further immovable property in Cyprus.
For more information on Application for permit to acquire immovable property in Cyprus by a foreigner (Non-EU).

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Pirilides Building, 4th-5th Floor,
3105 Limassol-Cyprus 51252, 3503