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Do I need permission to purchase a property in cyprus?

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Do I need permission to purchase a property in cyprus?

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Currently, yes. Permission to purchase a property must be obtained from the Council of Ministers by written application. This must be submitted by the non-Cypriot purchaser after the agreement has been signed. However, the permission is granted more or less as a matter of course to all bona fide buyers. In the meantime purchasers may take possession of their property without restriction. By law, a non-Cypriot in Cyprus is entitled to a residence permit but is not required to hold a permanent residence permit … the latter being easy to obtain once certain requirements are fulfilled. You need to submit an application and provide proof that you and your family are self supporting.

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