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Investment-purpose purchases outside the limits (statutory threshold)

Rule record · last verified 21 September 2026

Superseded This rule stopped applying on 6 August 2026. The current rule is Current investment threshold: ten million euros. The record is kept for history.

Rule · superseded

The Council of Ministers may permit purchases for investment purposes beyond the normal limits if the investment falls within the Development Plan and is in tourism, education, health, industry, agriculture, technology or research (build-and-sell housing excluded). Under the law the investor must deposit at least twenty million euros in a bank operating in the TRNC and use it within two years; the property may not be sold within five years and its purpose is noted on the title.[1]

Practical implication

While a decree with force of law is in force the threshold is ten million euros.

Applies to

Who:
Investors

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 2 ("Yatırım"), Article 8(11) and 8(12)
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 21 September 2026.
Legal review
Not yet reviewed by a named legal reviewer.

Lineage

Regulatory events

History of this rule

  • — First published from the primary text. (version 1, First published)
  • — Founder approval temporal-integrity cleanup: marked superseded by decree-investment-threshold-ten-million per event-2026-08-07-decree-89-2026, which already recorded this supersession. Removed this rule's link to q-property-investment-purchase-qualifying-conditions so the public export no longer shows two simultaneously-current answers to the same question — the same defect and fix already applied to the title-transfer-deadline pair in Founder approval. No legal conclusion changed. (version 2, Corrected)

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/statutory-investment-purchases

Identifier statutory-investment-purchases · Open data · challenge this rule