Commercial properties for sale in Nicosia

Here are the simplified steps to purchase a commercial property in Nicosia:

1. Decide how much you can spend on the property and extra costs like taxes and transfer fees.
2. Find a property that meets your budget and requirements, considering location, size, and what the place offers.
3. Contact our real estate agent to express your interest.
4. Arrange a viewing of the property and ask any relevant questions.
5. Make an offer to the seller. We can assist in negotiating a better price.
6. Once the offer is accepted, hire a lawyer to handle the legal process. We can help you find a reliable property lawyer.
7. Check everything with your lawyer to avoid issues later. Look into the property's history, paperwork, and possible problems.
8. If you are a non-EU citizen, establish a Cypriot private limited company (LTD), which can buy commercial property of any size. Non-EU citizens cannot directly purchase commercial real estate over 250 sqm in Cyprus.
9. Pay a deposit to secure the property and sign a pre-contract (Reservation agreement).
10. Proceed with signing the contract and paying part of the remaining balance.
11. Register the contract of sale and register it with the Nicosia Land Registry Office. Pay the remaining part of the purchase price.
12. If the property has title deeds, before paying the remaining balance, you must get a Land Registry appointment, pay the transfer fees, and transfer the title deed.
13. If the commercial property is new, you must pay 19% VAT, and there are no transfer fees.

If you want to buy commercial real estate in Nicosia, we can assist you at any step.