Simon Zenios & Co LLC can give you the best advice to freehold and leasehold property, including transactions and disputes involving commercial and residential property. Cyprus is an excellent location to invest in property for a number of reasons, such as the high living standards, the climate, the low taxation, and tourism. There are no restrictions regarding the amount of land available for purchase for EU nationals, but there are restrictions as to the type and size of property non-EU citizens or non-residents of Cyprus can purchase. Likewise, permits are required for companies whose shareholders are non-EU nationals or shareholders in companies in Cyprus who do not work in Cyprus or without residency. These permits are to be obtained by the Cypriot Council of Ministers.
Prior to buying any immovable property in Cyprus we can advise and assist you in any area, including:
- Registering immovable property in Cyprus
- Reselling property
- Property taxation in Cyprus
- Correspondence with the Cypriot Council of Ministers, if applicable
- Contract drafting
- Estate planning
- Sale agreements
- Property acquisition in Cyprus for EU and non-EU citizens
- Planning and administering estates
- Wills and probate
For further information on property law in Cyprus, please contact us below.