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Investment property bought under the law may be sold to another foreigner with permission

Rule record · last verified 14 September 2026

Rule

While the decree is in force, property bought for investment with Council permission under the law, whether or not the investment is complete, may with a new Council permission be bought by a foreign person or entity; if the investment is incomplete the buyer must complete it within two years under the supervision of the responsible Ministry and the Tax Office.[1]

Applies to: 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 12 · 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 12
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-investment-property-transfer · Open data · challenge this rule