Frequently Asked Questions

Our homes and offices are crafted for people who expect more—spacious layouts, premium materials, and lifestyle-enhancing amenities come standard. We design spaces that inspire productivity, elevate comfort, support modern living but above all, feel like you!

1. If you are a foreigner, please refer to question (d) below with regards to your eligibility to buy a property in Cyprus.
2. You shall select a property that aligns with your investment goals and personal needs. The team of TOR Properties can assist you to find the more suitable property based on your needs.
3. A sale and purchase agreement shall be signed between you and the seller.
4. The purchase price of the property and the taxes (as applicable) shall be paid.
5. The titled deed of the property shall be transferred in your name via following the procedure of the Land Registry.

VAT may be reduced to 5% from 19% if the property is intended for use as the primary and permanent residence of the applicant.

An analysis of the applicable taxes and duties applicable for the acquisition of a property in Cyprus can be found in this link of our website.

Yes. EU citizens enjoy the same property ownership rights as Cypriot nationals, enabling them to purchase and own property in Cyprus without any limitations. Third Country Nationals can acquire a property in Cyprus by: (i) receiving the permission of the Council of Ministers further to the submission of a written application or (ii) with the acquisition of a property by meeting the respective requirements you can simultaneously obtain a residency permit in Cyprus.

The Immovable Property Tax in Cyprus was previously payable by property owners until the end of 2016. Since 2017, this tax has been abolished for all new property owners.

Stamp duty is calculated as follows:

• Exemption: The first €5,000 of the purchase price is exempt from stamp duty.
• Rate for €5,001 – €170,000: For the portion of the purchase price between €5,001 and €170,000, the applicable stamp duty is 0.15%.
• Rate for Amounts Over €170,000: For any amounts exceeding €170,000, the stamp duty is calculated at 0.2%. Additionally, there is a fee of €2 for each extra certified true copy of the contract.

The maximum stamp duty payable is capped at €20,000 per agreement.

The Migration Department of Cyprus currently facilitates the expedited granting of Immigration Permits to third-country nationals who wish to invest in the country through the following categories:

• Investment in a house/apartment: You can obtain residency by investing at least €300,000 (plus VAT) in a brand-new house or apartment in Cyprus.

• Investment in real estate (excluding houses/apartments):

  This option allows for the purchase of other types of real estate, such as offices, shops, hotels, or related developments, with a total investment of €300,000.

• Investment in Cyprus Company’s share capital: To qualify, an initial investment of €300,000 in the share capital of a newly registered company in Cyprus or an increase of €300,000 in the share capital of an existing company is required.

• The right to live, work and acquire a property in Cyprus
• Visa-Free Travel Within the EU for third country nationals
• Access to the Healthcare system of Cyprus
• Low Tax Rates
• The right to apply for Family Reunification
• It provides you the option in the future to apply for citizenship
• Cyprus offers a great Mediterranean climate and is considered a safe and family-oriented country

For the applicants applying under the fast-track to obtaining a permanent residence permit in Cyprus (i.e. for example by purchasing a property by investing at least €300,000 (plus VAT) in a brand-new house or apartment in Cyprus), the timeframe for the examination of the application is approximately 2 months from its submission.

From the date of obtaining the Immigration Permit, the applicant is obligated to provide the Migration Department, annually, evidence of maintaining the investment, the required income for him/her and his/her family, and proof of holding a health insurance policy certificate. In addition, the applicant and his/her adult family members must annually provide a clean criminal record certificate from their country of origin and country of residence.

It is considered a category of permanent residence permit in Cyprus and it refers to the category of persons who possess and have fully and freely at their disposal from abroad a secured annual income of an appropriate amount to allow them a decent living in Cyprus, without having to engage in any business, trade or profession in the Republic. As indicated on the website of the Migration Department, currently the financial criteria of the persons under this category are: annual income required should be at least €9,568 for the applicant and moreover at least €4,613 for every dependent person. This income may include pensions, dividends from shares, fixed deposits interest, rents etc.

Applications for resident permit, must be submitted in person to the Migration Department or via an authorised representative, after arranging an appointment or any other way decided. A fee of €500 is charged upon application submission, as well as a fee of €70 for each person included in the application for issuing the Alien Registration Certificate (ARC).

If you enter in Cyprus by using short-stay visa (Category C) you will be entitle as foreign nationals to remain in Cyprus, for reasons other than immigration, for a max period of 90 days within 6 months.

Absolutely. Investing in real estate in Limassol, offers strong potential for growth, driven by the city’s vibrant economy and strategic coastal location. As a key business hub with thriving sectors like finance and fintech, Limassol attracts both international companies and a growing expatriate community, creating high demand for residential and commercial properties. With its solid infrastructure, ongoing development projects, and appeal as a popular tourist and lifestyle destination, the city presents opportunities for strong rental yields and long-term capital appreciation. Now is an ideal time to invest, as Limassol’s real estate market is poised for continued growth, making it a smart choice for both immediate returns and future value appreciation.

Yes. Our team which consists of experienced professionals can provide you after-sale services, including rental management services.

Once you will decide on the respective property which you will acquire, a sales agreement shall be signed between you and the seller. The financial conditions and payment of the respective taxes shall be completed. Then, the sales agreement shall be submitted to the Land Registry together with the rest of the supporting documents and then the titled deed will be issued in your name (which is an official certificate issued by the Land Registry in the name of the buyer).

There are several benefits for the properties which do have sustainability certifications. Some of them consist of the following:

• Higher market value.
• Energy Efficiency: properties build with sustainability certifications are more energy-efficient, which can lead to lower operating costs for their owners.
• Higher Resale Value: potential buyers due to the increase of the costs for electricity and due to the environmental impact are seeking to acquire more sustainable properties.
• Lower Operating Costs and lower maintenance costs.
• Compliance with the rapidly change of the regulations of the various authorities since year by year they are becoming stricter with regards to the standards for the sustainability-certified buildings and complaint with the low energy use, and waste management.