The acquisition of immovable property by EU citizens
A national of an EU member country
is permitted to
own as much ‘immovable property’ (a term that includes both land and property)
as they wish.
Once the Title Deeds for the property they are buying become available, they
are required to provide proof of their citizenship by taking their passport to
the District Lands office when they pay the Property Transfer Fees.
The acquisition of immovable property by non-EU citizens
A national of a non-European Union country must seek the approval of
the 'Council of Ministers' before they can own any type of immovable property.
Furthermore, unless there are exceptional circumstances, their ownership will be
A building plot or land up to approximately three donums (4,014 sq.m.).
(In exceptional circumstances, the Council of Ministers will grant permission
to own more than one building. For example, if you're property developer and
wish to take over a hotel).
Obtaining Council of Ministers approval
To get Council of Ministers approval to own property in
Cyprus your lawyer will complete an application form and submit it, together with
information about yourself and details of the property you want to buy, to the
local District Office.
The District Officer makes further enquiries and prepares a report that he
submits to the Council of Ministers for their consideration. In the meantime,
any contract you have signed and deposited at the Land Registry for
Specific Performance to purchase a property remains valid
and you may take possession of the property while your case is being considered.
The Council of Ministers advises the District Officer of its decision. In
turn, the District Officer sends you a letter of approval (a permit) or refusal.
It is unusual for the Council of Ministers to refuse permission to bona fide
When applying to the Council of Ministers, the following documents &
information must be submitted:
Copy of the title of ownership
Copy of the building permit for the erection of the
house/block of flats or for the residential development of estates. If
separate titles of ownership have been issued for the flats of the block or
if the house is mentioned on the title of ownership, applicants need not
submit a copy of the building permit. For plots under division, applicants
must submit a copy of the division permit.
Copy of the deed of sale.
Sectional view of the building or the flat. Very old
houses mentioned on the title of ownership are exempted. A division plan
must be submitted in the case of division of plots. In areas of residential
development, the plan must be submitted showing the position of the house on
the entire holding.
Area in square metres of the plot which is to be
Documents proving the financial situation of the
Copies of the pages of the applicants’ passports and
those of their spouses (the pages containing the data and the photo of the
holders and stamps of arrival to and departure from Cyprus).
Certificate of marriage of the applicants or relevant
attestation of their Embassy and in cases where the spouses do not have the
same surname and when the name of the husband is not written on the wife’s
Copy of residence permit and work permit of the
applicants in Cyprus.
Application COMM 145, completed clearly and in full.
If the applicant is a company or a shareholder in an
offshore company, it is necessary to submit the certificates of
registration, of shareholders and of the registered offices of the Company.
If the applicant is a Company, a copy of the company’s
Articles of Association must be submitted and written information must be
furnished on the company’s activities in Cyprus and the staff it employs,
both Cypriots and foreigners with the social insurance numbers.