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Cyprus - Real Estate Going Global

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Cyprus - Real Estate Going Global

The Acquisition of Immovable Property (Aliens) Law Cap 109, which is the law governing the investment in real estate in Cyprus by non-Cypriots, was amended by law 161(I)/2011 which came into force on 16 December 2011. With this amendment, all restrictions were lifted on the acquisition of real estate by:
- EU citizens with the nationality of an EU or EEA state, and
- companies incorporated under the law of a state of the EU or EEA with their registered seat, central management or main establishment in the EU or EEA.

Source : PWC

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Keywords : PWC