

Nobody in the world
sells more real estate than RE/MAX
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A valid passport is necessary for entering and a visa is granted on entrance to Northern Cyprus. |
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A foreigner coming to Northern Cyprus to live and/or work must apply for a temporary visitors permit from Lefkosa, which involves the completion of a form and the supply of three or four passport size photographs. A full permanent resident's permit is not usually issued until the recipient has been in residence in the TRNC for five years. For retired persons, the resident’s permit is all that is required. Retired persons may bring into the country a full household of furniture. These are virtually tax-free - a nominal 2 - 3% tax is levied. Since 1993 Turkish citizens can visit Northern Cyprus by identity card. |
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The Immovable Property Commission
Following the ruling on the case of Demopoulos vs.Turkey and 7 other cases the European Court of Human Rights on 5 March 2010, the Court upheld that the Immovable Property Commission in North Cyprus was an accessible and effective local remedy for all persons seeking redress and therefore an appropriate forum for deciding on complex matters of property ownership and valuation and assessing financial compensation.
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The legal procedure aliens should follow when buying property from the TRNC
For aliens to acquire immovable property in TRNC and becoming “the owner” on the title deed of the immovable property, it is necessary that some documents (title deed, site plan taken from the authorized office etc), some forms consisting of personal details of the alien are submitted to the Ministry of Internal Affairs and an application in person or via a lawyer is made to the same office.
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How are the rights of Aliens reserved until the transfer of the title deed?
If the necessary permits from the authorized offices are not ready by the time the title deed is to be transferred, the Alien person and/or Company may have to take some measures to reserve his/its rights because in such a case, although the Alien has paid all the amount due, the title deed of the immovable property is still under the name of the previous owner.
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About the Annan Plan.
The Annan Plan, which was prepared by United Nations General Secretary Kofi Annan and which until very recently lit the way for the Cyprus problem is for now shelved as a result of a referendum to which Turks said “yes” and Greeks said “no“.
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