Buying Property in Cyprus
Acquisition of Real Estate Properties in Cyprus by EU Citizens and Legal Entities and Other Foreign Entities and citizens
(a) Citizen of a Member State of the European Union
The Law on Real Estate Acquisition (Amendment) (Foreigners) Law no. 54 (I) 2003, which came into force with the accession of Cyprus to the European Union on 1.5.2004, provides that every citizen of a Member State of the European Union, who has his permanent residence in the Republic, as well as any legal entity that has established in accordance with the legislation of a Member State of the European Union and which has its registered office, its central administration or its main establishment in the Republic, may acquire any property in Cyprus without the approval of the Council of Ministers. […]
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