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Companies with foreign shareholders may buy investment land up to 80,280 m²

Rule record · last verified 14 September 2026

In force since 21 May 2024.

Rule

A company established or registered in the TRNC with any foreign shareholding may, subject to the investment rules, buy up to 80,280 m² of land for investment; its shareholders, directors or trustees may not buy land a second time through another entity; and a foreign company that buys property must notify the Registrar of Companies within six months of the transfer.[1]

Applies to

Who:
Companies and other legal entities · Investors

Where this rule comes from

Instrument
Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024, Article 8(13)
Authority
Assembly of the Republic (Cumhuriyet Meclisi), TRNC
Jurisdiction
Turkish Cypriot administration (TRNC)
Basis
Legislation · asserted by us within this jurisdiction
Verification
Primary source verified. We read the primary text ourselves on 14 September 2026.
Legal review
Not yet reviewed by a named legal reviewer.

Regulatory events

History of this rule

  • — First published from the primary text. (version 1, First published)

Sources for this rule

Numbered in order of first use. Each entry names the kind of source it is and the day we read it.

  1. [1]
    Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024

    Central Legislation Office, TRNC · Legislation and gazettes · 10 November 2008 · original in Turkish · accessed 14 September 2026 · source record

Cite this record

https://northcyprusreference.com/en/rules/company-investment-land-80280

Identifier company-investment-land-80280 · Open data · challenge this rule