KINANIS LLC – 6th Photography Competition 2024 – Category: Human Factor - Photographer: Alexis Saveriades - Photograph title: In Rotterdam – Shortlisted
Real Estate

At Kinanis LLC, we provide expert legal advice and representation for both local and foreign clients regarding all aspects of real estate transactions in Cyprus. Our comprehensive services cover the acquisition, sale, leasing, and renting of immovable property, as well as obtaining the necessary permissions and licenses.

Our Key Services Include:

  • Drafting of Agreements: We specialize in drafting and reviewing various agreements related to real estate transactions, including:
    • Sale and purchase agreements
    • Rental agreements
    • Assignment agreements
    • Lease assignments
  • Due Diligence: Our team conducts thorough due diligence on immovable properties to be acquired, ensuring that all legal aspects are scrutinized to mitigate risks associated with hidden defects or unresolved legal issues.
  • Negotiations: We engage in negotiations with land developers, landlords, vendors, and their bankers to secure favorable terms for our clients.
  • Liaising with Authorities: We handle all communications with the Land Registry department on behalf of our clients, ensuring that all types of immovable property agreements are properly deposited, and title transfers are executed efficiently.

Why Choose Us?

Cyprus has become an attractive destination for real estate investment due to its favorable climate, strategic location, and robust legal framework aligned with EU standards. Our firm is well-versed in the specific regulations governing real estate transactions in Cyprus, including the requirements for foreign nationals seeking to acquire property.

Key Considerations for Foreign Buyers

  • Permission Requirements: Non-EU citizens must obtain permission from the Council of Ministers before purchasing property in Cyprus. This involves applying after signing the sales agreement.
  • Types of Properties Allowed: Non-EU buyers can acquire a single residential unit or a plot of land not exceeding 4,014 sqm for personal use. Couples are treated as a single applicant for these purposes.
  • Legal Framework: The acquisition process is regulated by the Immovable Property Acquisition (Aliens) Law, ensuring that foreign investors have clear rights similar to those of local buyers.

Let us guide you through every step of your real estate journey in Cyprus.


CONTACT
property@kinanis.com