Cyprus has long been a favorite for international buyers — and it’s easy to see why. Beautiful coastline, a relaxed lifestyle, favorable tax conditions, and relatively low property prices compared to other EU countries make it an attractive choice.
If you’re not an EU citizen, the process is still straightforward — but there are a few key things to understand before you buy. Here’s what every non-EU buyer needs to know about purchasing property in Cyprus.
🏘️ 1. Can Non-EU Citizens Buy Property in Cyprus?
Yes — absolutely.
Non-EU nationals are allowed to buy property in Cyprus. The only requirement is to obtain formal permission from the Cyprus Council of Ministers — a standard and well-established process that your lawyer handles on your behalf.
📃 2. What Type of Property Can You Buy?
Non-EU citizens can typically buy:
- One apartment or house
- Or a plot of land (up to 4,000 m²) for building purposes
However, there are exceptions and options to buy more through company structures or with special permits.
Tip: If you’re planning to buy multiple units or commercial space, consult a local lawyer early.
⚖️ 3. Legal Process: Step-by-Step
- Find your property — through a verified platform like Estates.com.cy
- Hire a qualified lawyer to run due diligence on title deeds and planning permits
- Sign the sale agreement and pay a deposit (usually 10–30%)
- Your lawyer submits the application to the Council of Ministers for approval
- Transfer the title deed at the Land Registry once approval is granted
The Council approval usually takes a few weeks to a few months, and you can live in the property while it’s processed.
💳 4. Can Non-EU Buyers Get Residency Through Property Purchase?
Yes — property ownership can support residency permit applications, especially if:
- The property is brand new and valued at €300,000 or more
- You meet the financial and background criteria
This is not the “Golden Visa,” but a streamlined permanent residency route, ideal for retirees or remote professionals.
💶 5. Taxes and Fees to Expect
Here are typical purchase-related costs:
- Transfer Fees: 3–8% depending on value
- Stamp Duty: ~0.15–0.20%
- Legal Fees: 1–2%
- VAT: 5% on first homes (if applicable), 19% on others
- Annual Property Taxes: Abolished, but municipal fees still apply
A good lawyer will outline all expected costs before signing anything.
🛠️ 6. Post-Purchase: Can You Rent or Resell Your Property?
Yes. Once the property is legally yours, you may:
- Use it as a personal residence
- Offer it as a short-term or long-term rental
- Resell it later without restrictions
Note: Rental income is subject to Cyprus tax, but the rates are competitive, especially for non-domiciled individuals.
✅ Final Thoughts
Buying property in Cyprus as a non-EU citizen is safe, transparent, and opportunity-rich. With legal support and the right guidance, it can be a smooth experience — and a very smart long-term move.
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