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Current investment threshold: ten million euros

Rule record · last verified 10 October 2026

In force from 6 October 2026 until 4 January 2027.

If not renewed by 4 January 2027, the statutory rule below applies again: Investment-purpose purchases outside the limits (statutory threshold)

Rule

While the decree is in force, an investment in tourism, education, health, industry, agriculture, technology or research qualifies for an investment-purpose purchase if at least ten million euros is deposited in a bank operating in the TRNC and used within two years for the investment stated in the Council of Ministers decision (land purchase excluded). Build-and-sell housing is not an investment.[1][2]

Applies to

Who:
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 3(3) ("Yatırım") and Article 4, new Article 8(11)(C)
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.

Lineage

Regulatory events

History of this rule

  • — First published from the primary text. (version 1, First published)
  • — Founder approval temporal-integrity cleanup: added reciprocal supersedes link to statutory-investment-purchases. No other change. (version 2, Corrected)
  • — Decree 119/2026 (6 October 2026) repealed and replaced Decree 89/2026, restating this same figure/rule unchanged. Found via a routine Gazette watch, read in full and compared word for word against the repealed text before publishing — see src-gazette-2026-196-decree-119-2026's own notes for the full comparison.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 3, 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-investment-threshold-ten-million

Identifier decree-investment-threshold-ten-million · Open data · challenge this rule