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

Rule record · last verified 14 September 2026

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]

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

Legislation · Turkish Cypriot administration (TRNC) · 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, Article 4, new Article 8(11)(D) · in force from 7 August 2026 · until 5 November 2026 · last verified 14 September 2026 · rule record

Where this rule comes from

Jurisdiction
Turkish Cypriot administration (TRNC)
authority
Council of Ministers, TRNC
Instrument
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, Article 4, new Article 8(11)(D)
Basis
Legislation · asserted by us within this jurisdiction
Verification
Primary source verified
in force from
7 August 2026
until
5 November 2026

Regulatory events

History of this rule

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

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]
    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 · register entry

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