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A foreign company's TRNC branch requires prior Council of Ministers permission

Rule record · last verified 20 September 2026

In force. Start date not confirmed in this record.

Rule

A foreign company's TRNC branch requires prior Council of Ministers permission under Companies Law Article 347(1) — distinct from, and additional to, ordinary local incorporation.[1]

Exceptions

  • None material for the mechanism itself — read directly from primary legislation. Current processing timelines/fees were not independently confirmed.

Where this rule comes from

Instrument
Companies Law, Cap. 113 (as amended by Laws 28/74, 7/77, 30/83, 28/87, 65/89, 56/91, 42/97, 29/2003 and 35/2007), Article 347(1) and proviso, 347(1)(a)-(d)
Authority
Assembly of the Republic (Cumhuriyet Meclisi), 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 20 September 2026.
Legal review
Not yet reviewed by a named legal reviewer.

Editorial note

Where the underlying research recorded an uncertainty, it appears in this rule's own Exceptions section, not omitted.

History of this rule

  • — Published following Founder approval (decision recorded 2026-09-20, by the Founder). (version 1, First published)

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]
    Companies Law, Cap. 113 (as amended by Laws 28/74, 7/77, 30/83, 28/87, 65/89, 56/91, 42/97, 29/2003 and 35/2007)

    Official Receiver and Registrar of Companies, TRNC · Legislation and gazettes · original in Turkish · accessed 20 September 2026 · source record

Review record

  • — Founder (editorial) · Approved · Approved with narrow scope: only the existence of an additional Ministry-approval/Council-of-Ministers-permission process for a foreign company's TRNC branch is confirmed, using the exact terminology of the strongest current primary/official sources already cited on the Rule. Document requirements, exact capital amount, processing time and guarantee amount are NOT Founder-approved by implication and remain governed by their own evidence status.Reviewed by the Founder, who confirmed this Rule already existed (published earlier). The Founder signed off on and linked the existing Rule rather than have a duplicate Rule created for the same finding.

Cite this record

https://northcyprusreference.com/en/rules/foreign-company-branch-council-of-ministers-approval

Identifier foreign-company-branch-council-of-ministers-approval · Open data · challenge this rule