On 21st of May 2024, the TRNC Legislative Assembly passed significant amendments to the law on Acquisition of Immovable Property and Long-Term Lease (Aliens Law) No. 52/2008. These changes have a notable impact on property transactions. This article summarizes the amendments to help you understand how they affect both new and existing property owners who…
The Immovable Property Commission (IPC) was set up, under law 67/2005, to provide remedies for properties that had to be abandoned by Greek Cypriots in northern Cyprus, pursuant to the events of 1974. The IPC has been in operation since then and is a body that is recognised by the European Court of Human Rights,…
READ ALSO MAY 2024 – NEW RULES ON PURCHASING IMMOVABLE PROPERTY FOR FOREIGNERS (TRNC) On 27 January 2023, the TRNC Legislative Assembly passed amendments to the law on transfer tax. In accordance with the amendments, foreigners, except Turkish citizens, are now required to pay 12% transfer tax in order to get title deeds transferred into their names….
In order for documents signed abroad to be recognised in Northern Cyprus, they must be certified by a TRNC Representative’s Office (see below) OR the Turkish Embassy in the country where the signee resides. Certification by Turkish Embassies Due to new rules implemented by the Turkish Embassy in Northern Cyprus regarding documents certified by a…
Mrs Peyman Erginel had the honor to tell her story of her success as the very first woman advocate in the TRNC at the the occasion of the “40 Entrepreneurial Women in the 40th Anniversary of the Republic”. The event was a photography exhibition that was organized by the “Turkish Cypriot Entrepreneur Women’s Association”, and…
In order to conduct any kind of business in the north of Cyprus, a local company has to be incorporated. The law of Northern Cyprus provides prosperous conditions for foreign investors to conduct commercial activities in many sectors. Although there are certain types of business activities that may require foreign investors to partner with Turkish…
THE IMMIGRATION AMNESTY IS NO LONGER AVAILABLE. SHOUDL THE GOVERNMENT ANNOUNCE NEW AMNESTY, WE WILL INFORM YOU ACCORDINGLY On 24 October 2022, the TRNC Legislative Assembly passed a law on immigration amnesty (No.25/2022) under Foreigners and Immigration Law. Such an amnesty grants the right of pardon to those who reside in Northern Cyprus despite the…
In April 2022 the British Residents Society (BRS) met with President Ersin Tatar, to discuss the ongoing issues that affect the British community in TRNC. Our advocate, Erdem Erginel, was present in the meeting. At the meeting, which was held at the Presidency, Ersin Tatar emphasized that the BRS is one of the most important…
Over the past few years, cryptocurrency has become one of the most discussed topics throughout the world. Buying and selling cryptocurrency is extremely popular nowadays, especially in the TRNC. There are dozens of cryptocurrency exchange points all over Northern Cyprus. Moreover, there are a growing number of TRNC companies that allow customers to use cryptocurrency…
Everyone who travels to Northern Cyprus is required to obtain E-Travel Document that will allow them to board a flight to the TRNC. In order to enter the TRNC, you shall download the application Stay Safe or visit the official website www.guvendekalkktc.com, and complete the Entry Form within 72 hours to your arrival in Northern…