Rule
While the decree is in force, a foreign natural or legal person may obtain an annual licence from the Ministry’s Undersecretariat to take at least ten dwellings a year (excluding land and plots) into its disposal by written agreement, at project stage or after final approval, without acquiring ownership, in order to market and transfer them to foreign buyers. The licence fee is twice the monthly gross minimum wage; agreements must be registered at the District Land Registry within one month; transfers to buyers must be completed within two years of final approval; the applicant must produce an apostilled criminal-record certificate no more than three months old; and breaches lead to cancellation of the licence.[1]
Applies to: Individuals · Companies and other legal entities · 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 3(1) definition; Articles 5 and 6, new Articles 8A and 8B · in force from 7 August 2026 · until 5 November 2026 · last verified 14 September 2026 · rule record