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Build-and-sell partnerships with local contractors (foreign share up to 49%)

Rule record · last verified 10 October 2026

In force from 6 October 2026 until 4 January 2027.

Rule

While the decree is in force, contractors registered with the Cyprus Turkish Building Contractors Association who hold a valid annual contractor class certificate may form partnerships with citizens of states that recognise the TRNC and grant reciprocal rights, solely to build and sell housing; the foreign share of such a partnership may not exceed forty-nine per cent, and the partnership may apply for Council of Ministers approval to buy land for that purpose.[1][2]

Applies to

Who:
Citizens of states recognising the TRNC with reciprocal rights · Developers · Investors

Where this rule comes from

Instrument
Decree with force of law 119/2026 regulating the rules on acquisition of immovable property by foreigners (Official Gazette No. 196, EK I Bölüm II, 6 October 2026), Article 4, new Article 8(11)(D)
Authority
Council of Ministers, 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 10 October 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)
  • — Decree 119/2026 (6 October 2026) repealed and replaced Decree 89/2026, restating this same figure/rule unchanged. Found via a routine Gazette watch, read in full and compared word for word against the repealed text before publishing — see src-gazette-2026-196-decree-119-2026's own notes for the full comparison. Citation and effective window updated; the rule's own substance did not change. (version 2, Revised)

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]
    Decree with force of law 119/2026 regulating the rules on acquisition of immovable property by foreigners (Official Gazette No. 196, EK I Bölüm II, 6 October 2026)

    Official Gazette of the TRNC (State Printing Office) · Legislation and gazettes · 6 October 2026 · original in Turkish · accessed 10 October 2026 · source record

  2. [2]
    Official Gazette No. 147 of 7 August 2026: Decree with force of law 89/2026 regulating the rules on acquisition of immovable property by foreigners

    Official Gazette of the TRNC (State Printing Office) · Legislation and gazettes · 7 August 2026 · original in Turkish · accessed 14 September 2026 · source record

Cite this record

https://northcyprusreference.com/en/rules/decree-build-and-sell-partnerships

Identifier decree-build-and-sell-partnerships · Open data · challenge this rule