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Pre-2024 contracts above the limits: notify with a fee of one per cent (three per cent if late)

Rule record · last verified 10 October 2026

In force from 6 October 2026 until 4 January 2027.

Rule

While the decree is in force, a foreigner whose pre-2024 contracts exceed the acquisition limits and were not registered must notify the Ministry within the same six months, paying a fee of one per cent of the contract price; a late notification is possible on payment of three per cent.[1][2]

Applies to

Contract timing:
Contracts signed before 21 May 2024

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 8, new transitional Article 1(2)(B)
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  • — Decree 119/2026 (6 October 2026) repealed and replaced Decree 89/2026, restating this same figure/rule unchanged. Found via a routine Gazette watch, read in full and compared word for word against the repealed text before publishing — see src-gazette-2026-196-decree-119-2026's own notes for the full comparison.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-transitional-over-limit-notification-fees

Identifier decree-transitional-over-limit-notification-fees · Open data · challenge this rule