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Penalties: fines of up to five hundred times the monthly gross minimum wage

Rule record · last verified 14 September 2026

In force since 21 May 2024.

Rule

Breaches of the acquisition limits, sales of agricultural or forest land to foreigners, contracts without unit titles, share-title land sales, breaches of the same-parcel cap, unlawful trustee agreements and failures to meet the transitional deadlines are offences punishable on conviction by a fine of up to five hundred times the monthly gross minimum wage at the date of conviction.[1]

Where this rule comes from

Instrument
Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024, Article 16
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 14 September 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)

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]
    Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024

    Central Legislation Office, TRNC · Legislation and gazettes · 10 November 2008 · original in Turkish · accessed 14 September 2026 · source record

Cite this record

https://northcyprusreference.com/en/rules/penalties-up-to-500-times-minimum-wage

Identifier penalties-up-to-500-times-minimum-wage · Open data · challenge this rule