Buying a property in Southern Cyprus is very simple compared to other European countries. Cypriot law legalized a non-Cypriot to own one villa, apartment or house, but after joining the EU this limitation has been calmed in proportion to EU requisites. The official method is related to that of England, with the security of having a central land registry. When you have signed the contract of sale and paid a growth your legal representative should sign up the contract with the land registry office immediately. This is eternal and stops the seller from re-selling, moving or mortgaging the property to anyone else. It is sensible to use a completely individual lawyer from the trader to guarantee there is no delay in signing up your contract.

At this phase you will have to pay stamp tax within 30 days of together with your lawyer’s fees. People are often mixed up with when title deeds are copied and transferred to your name. This possibly will take some time if you are buying on a large development as the transfer is improbable to take place until the whole development is complete - not just your property.

What you need to apply to council of Ministers are the following documents and information:

• Evaluation plan.
• Copy of the legal document of sale.
• Copy of the building certification for the formation of the house, apartments or for the inhabited development of estates. If separate titles of ownership have been copied for the apartments or if the house is referenced on the title of possession, candidates need not submit a copy of the building permit. For plans under separation, candidates must give in a copy of the separation consent.
• Copy of the deed of possession.
• Area in square metres of the plot which is to be obtained.
• Copies of the pages of the candidate’ passports and those of their other half.
• Documents showing the economic condition of the candidates.
• Sectional view of the building. Very old houses referenced on the title of ownership are relieved. A distribution plan must be given in the case of distribution of plans. In areas of suburban l development, the plan must be accepted showing the position of the house on the whole holding.
• Submission COMM 145, completed clearly and fully.
• Documentation of marriage of the candidate s or related verification of their Embassy and in cases where the other halves do not have the same surname and when the name of the husband is not written on the wife’s passport.
• If the candidate is a Company, a copy of the company’s Articles of Association must be given in and written information must be secured on the company’s activities in Cyprus and the staff it employs, both Cypriots and foreigners with the social insurance numbers.
• If the candidate is a company or an investor in an offshore company, it is needed to give in the records of registration, of investors and of the registered offices of the Company.