Requirements for Buying Housing in TRNC

Turkish people can buy houses in the Turkish Republic of Northern Cyprus. However, like all other people who are not TRNC citizens, they can only own 2 real estates. According to TRNC laws, there is no citizenship prerequisite for buying a house in the country. First of all, let us remind you that Turks also have foreign status in the TRNC. Although it is a condition for foreigners to own 2 real estates in the country, it is possible for other members of the family other than the spouse to purchase real estate in their own name, If you want to own more than one real estate in your own name in Northern Cyprus, the laws require you to establish a company with international capital, As a foreign citizen You have to apply to the Council of Ministers to take over the house in the TRNC. While the permit may take 12 months for citizens of other foreign countries, it is stated as approximately 2 or 3 months for the citizens of the Republic of Turkey. When you buy a house in the Turkish Republic of Northern Cyprus as a Turkish citizen, you can get a 1-year residence permit. After completing 3 years, you can apply for an indefinite residence permit. You have to renew your residence permit every year for the first 3 years with the title deed transfer. The taxes to be paid when buying a house in the TRNC: Stamp fee, Real estate transfer fee, VAT rate and withholding tax.