Council of Ministers Application
As of May 2009 this is not required for EU Citizens
The following documents and information will assist your Council of Ministers application for consent to acquire immovable property in Cyprus if you are an EU Citizen and do not have residency status in Cyprus. Likely to be unnecessary in 2009.
1. Written confirmation from your bank or accountant stating that your financial status is sound; figures must be given showing what your annual income is above and what your capital is above.
2. Bank account statement.
3. Written confirmation from your employer stating your position in the company and your salary.
4. Documentation of your profession, i.e. copy of relevant certificates.
5. Proof of immovable property, shares, or bonds you own in another country.
See below the Application itself and what information you will need to present
(Form Comm. 145.)
APPLICATION BY AN ALIEN FOR THE CONSENT OF THE COUNCIL OF MINISTERS TO ACQUIRE IMMOVABLE PROPERTY IN CYPRUS.
(TO BE SUBMITTED BY APPLICANT IN THREE COPIES TO THE DISTRICT OFFICER IN WHOSE DISTRICT THE PROPERTY TO BE ACQUIRED IS SITUATED.)
1. Name of applicant: ………………………………………………..(IN BLOCK LETTERS)
2. Place of permanent residence and address therein:……………………………………
3. Present address in Cyprus:…………………………………………………………………
4. Nationality:…………………………. Number of passport: ………………………. Date of issue:…………………….
5. Religion:……………………………………………………………………..
6. Particulars of present occupation (if applicant is due to retire shortly, give approximate date of retirement):…………………………………..
7. Date of Birth: …………………………. Age last birthday:………………………………………
8. Married or single, widow/er (if married give name of wife/husband):………………………..
9. Number and ages of Children:……………………………………………………………………….
10. General financial standing:…………………………………………………………………………..
a) Approximate capital (Bank statement to be attached)………………………………………….
b) Annual income…………………………………………………………………………………………..
c) Other property (either freehold or leasehold)………………………………………………………
11. Particulars of any other immovable property in Cyprus owned by the applicant or any member of his family (Give situation, extent, survey reference, and Registration Certificate No.)
12. Particulars of property for which the application is made (i.e. building site, flat, house, field, etc.):…………………………..
(A Government Survey Plan, in duplicate, showing the property for which the application is made, should accompany this Form.)
Reg. No.: …………………………………..Plot:……………………………………………
Sheet/Plan:………………………………. Town or Village:……………………………….
Extent:……………………………………………………………………………………………
13. Particulars of present owner:
Name…………………………………………………………..
Address………………………………………………………..
Occupation…………………………………………………..
Nationality……………………………………………………
14. Purchase price of property to be acquired, and how the price is intended to be paid:………………….
15. Purpose to which the property will be put by the applicant and when such purpose is expected to materialise:……………………………………………………………….
Amount expected to be spent for such purpose (excluding purchase price): …………………………………
16. If the property is to be acquired from another alien, state authority (e.g. date of consent of Council of Ministers) under which such other alien acquired the property:……………………………………….
17. Whether applicant is a permanent resident of Cyprus:…………………………..
If not a permanent resident, date of applicant’s arrival on last visit to Cyprus and purpose of visit:…………………
Supplementary particulars as to previous visits of applicant to Cyprus:
Year………………..Duration of visit………………….Purpose of visit………………….
18. Intentions of applicant as to future permanent settlement in Cyprus:…………………………….
19. If the proposed acquisition of the property will be by way of lease state full particulars of lease: (copy of the agreement to be attached)…………………………………………………
20. If the proposed acquisition of the property will be by way of acquisition of shares in a land-holding company:…………………………………
Name of Company………………………………
Registered Office………………………………..
Number, class and nominal value of shares to be acquired……………………………..
Purchase price of shares to be acquired…………………………………………………….
Main objects and Business of Company……………………………………………………
21. Any other information likely to assist in the examination of the application:………………………….
I declare that the particulars given by me above are, to the best of my knowledge and belief, correct.
Date…………………………………….. Signature of applicant…………………………………
Note:
1) The attention of applicants is drawn to the provisions of the Immovable Property Acquisition (Aliens) Law, Cap. 109, as amended by Laws 52 of 1969, 55 of 1972 and 50 of 1990.
2) All arrangements for the purchase, up to the transfer of the property before the appropriate District Lands Office are the sole concern of the Applicant and the registered owner of the property. The issue of the permit does not in any way imply and responsibility on behalf of the Government of the Republic of Cyprus for enforcing the contractual responsibilities of the aforesaid two parties.
3) It is advisable that Applicants seek legal advice.
The Council of Ministers is represented in each district by District Officers who are responsible for issuing permits to aliens.
Amoxostos: Mr Andreas Stylianides, P O Box 4424, 6304 Larnaca, Tel: 23 81 2068, Fax: 24 30 4168
Larnaca: Mr Kyprianos Matseou, P O Box 40103, 6301 Larnaca, Tel: 24 80 1818, Fax: 24 30 4635
Limassol: Mrs Lenia Antoniades, P O Box 56062, 3304 Limassol, Tel: 25 80 6457, Fax: 25 30 5023
Nicosia: Miss Efi Ioannidou, 2 Alkeo St, 1458 Nicosia, Tel: 2280 4110, Fax: 22 30 2085
Paphos: Dr Andreas Christodoulides, P O Box 6005, 8100 Paphos, Tel: 26 80 1115, Fax: 26 30 6251
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