Real Estate

In recent years, Cyprus has transformed into a regional business centre in particular, the increase in the property and real estate sector.

At Yiannis Papazacharia LLC, through a dedicated team of Lawyers and comprehensive secretarial, taxation and accounting support, we handle all matters and transactions relating to both commercial and residential freehold and leasehold property. Our expert team will be delighted to answer any queries you may have and undertake all necessary procedures relating to your transaction.

We provide a full scale of conveyance services, including the below:

  • Drafting, reviewing or amending of agreements
  • Official Land Registry Search for legal encumbrances and property due diligence (obtain permits and plans)
  • Legal advice and consultations on the terms and conditions of sale/purchase
  • Obtaining necessary permits for the acquisition of Immovable Property from the Council of Ministers for non-EU nationals
  • Execution of the agreement and completion of the conveyance under Power of Attorney
  • Lodging of the Sale Agreement with the Land Registry Office for specific performance purposes
  • Payment of stamp duty
  • Preparation and submission of the tax declaration application, including the obtainment of a T.I.C. and settlement of capital gains tax, if any
  • Settlement of immovable property tax, if any
  • Preparation and submission of all documents required for the completion of the conveyance and transfer of the title deed
  • Collecting of final utility bills, communal expenses and settlement/connection/disconnect of services
  • Assistance with loan facilities from local commercial banks
  • Opening of client bank accounts, which includes the necessary KYC procedures
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