Yes, non-EU citizens face no restrictions on property ownership in Cyprus. The process is straightforward: obtain approval from the Council of Ministers (typically 2-4 months for first-time buyers), then proceed with standard purchase procedures. Local lawyers handle all documentation, and there's no limit on the number of properties you can own.

• Transfer fees: 3% on first €85,000, 5% on €85,001-€170,000, 8% above €170,000
• VAT: 5% standard rate (reduced 0% VAT available for first-time primary residence up to 200 sqm)
• Stamp duty: 0.15-0.2% on contract value
• Capital gains tax: 20% only if property sold within 5 years of purchase

Important: No annual property tax, no wealth tax, no inheritance tax on Cyprus real estate.

Yes, Cyprus Permanent Residency Program (Fast Track) requires minimum €300,000 + VAT investment in new residential or commercial developments.

Benefits include:

• Residency for applicant, spouse, children under 25, and parents
• Processing time: 2 months
• Visa-free travel within Schengen Area
• No minimum stay requirement
• Path to citizenship after 7 years residency.

Yes, off-plan purchases represent 70%+ of Cyprus investment properties. We mitigate risks through:

• Developer escrow accounts (guaranteed completion funds)
• Independent construction monitoring
• Stage payment protection
• Title deeds issued upon completion
• Escrow release only after developer handover confirmation.