Non EU Citizens willing to buy property in Cyprus
As regards a prospective buyer who is a national of a country that is outside the European Union (third country), they would have to be fully aware of and compliant with the Immovable Property Acquisition (Aliens) Law (ΚΕΦ.109), as it has been revised to this day and / or the applicable Laws and Regulations regulating the acquisition of immovable property by third-country nationals. The Law limits the types of property that a third-country national may acquire in the Republic of Cyprus and also requires the acquisition of a permit from the Cabinet. The Office will not be held liable in any way, shape or form, for any damages, misunderstandings and / or any form of loss that a prospective buyer may incur because of provisions of the Immovable Property Acquisition (Aliens) Law (ΚΕΦ.109) and / or the applicable Laws and Regulations that regulate the acquisition of property by third-country nationals. The prospective buyer will always be liable to pay the fees of the Office and / or fees for services of a real-estate agent, if such services have been provided, regardless of whether the prospective buyer has managed to acquire any and all permits and / or documents required for acquiring immovable property in Cyprus or for their legal stay and / or residence in Cyprus. It is the duty of the prospective buyer to be fully informed of the applicable Laws and Regulations on the day that they wish to engage with the Office to receive services of a real-estate agent and / or proceed with an offer for the acquisition of immovable property.