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Useful Cyprus Information Cyprus Government Websites Currency Converter Cyprus Property News Limassol Marina CyprusNewsReport.comCyprus Leases - Permission To Lease Your Property
Information for Cyprus Expats on gaining permission to lease a Cyprus property
If you are an EU citizen with permanent residency in Cyprus, you do not require permission to lease property.
If you are a non EU citizen or an EU citizen who is not resident in Cyprus, you must submit a written application for the permission to the Cyprus Government's Council of Ministers within 90 days of signing your contract, if the lease is of a duration of more than 33 years. However, permission is generally granted as a matter of routine to all bona fide lessees. You can take possession of your property without restrictions before permission is granted, but unless you receive the necessary permission from the Council of Ministers, you will not enjoy the protection given to a lessee who has registered a certificate in his name.
You should deposit the lease contract to the Land Registry irrespective if you have permission or not, so as to at least protect your contract rights on the land.
Legal entities established in EU countries that have their headquarters and registered office in Cyprus and are controlled by Cypriots or EU citizens with permanent residency in Cyprus, do not require permission to lease property.
Legal entities established in Cyprus and controlled by citizens of the EU (non permanet residents), as well as any other legal entities established abroad, require permission to lease property in Cyprus of more than 33 years duration.
© Limassol Marina
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