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The Land Registry in Cyprus is of great advantage since a buyer of immovable property can have his title as the unique owner of the land.

Foreigners are allowed to buy one real estate object for personal use (a flat or a plot of land for construction, or one house, and its entire area should not exceed 4012 square metres).

If a non-EU resident is about to buy a house needs to grand permission from the Council of Ministers.

Usually, the buyer agrees to make a pledge, pay an initial amount of money to the seller and the property is withdrawn from sale for up to 1 or 2 months.

The Council of Ministers grants permission to purchase this real estate object. After receiving confirmation of the Land Registry Office, you sign a contract. In order to make the contract, you may use legal services provided by our company. Legal services will constitute approximately 1% of the real estate price.

For more information

The Private Company limited by shares is the most popular business form in Cyprus. Foreign investors majority choose to set up this business form and it can be established by EU or non-EU citizens/companies.

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If you work in the building and construction industry you know how dangerous your job can be. But while your job may be dangerous, your employers and/ or the main contractors on site have a responsibility to minimise those dangers and keep you as safe as possible at work.

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Applications for registrations of new companies continued to rise for ninth consecutive month in May, according to data from the Department of the Registrar of Companies and Official Receiver.

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Critical evaluation of the plans to introduce a tax on the United Nations Model Tax Convention of the new article that permits the withholding tax to be charged on payments to non-residents of fees for technical services.

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