Rule
A "foreigner" is any natural person who is not a TRNC citizen; the term includes foreign legal persons and a foreigner’s trustee. A company established or registered in the TRNC counts as a foreign legal person if any share or capital belongs to a foreigner, or if the majority of its directors are foreign.[1]
Practical implication
Buying through a local company does not avoid the rules if you hold any of its shares or most of its directors are foreign.
Applies to: Individuals · Companies and other legal entities · Trustees acting for a foreigner
Legislation · Turkish Cypriot administration (TRNC) · Immovable Property Acquisition and Long-Term Lease (Aliens) Law, Article 2, definitions of "Yabancı" and "Yabancı Tüzel Kişi" (as substituted by Law 39/2024) · in force from 21 May 2024 · last verified 14 September 2026 · rule record