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Investment-purpose purchases outside the limits (statutory threshold)

Rule record · last verified 14 September 2026

Rule

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: Investors

Legislation · Turkish Cypriot administration (TRNC) · Immovable Property Acquisition and Long-Term Lease (Aliens) Law, Article 2 ("Yatırım"), Article 8(11) and 8(12) · in force from 21 May 2024 · last verified 14 September 2026 · rule record

Where this rule comes from

Jurisdiction
Turkish Cypriot administration (TRNC)
authority
Assembly of the Republic (Cumhuriyet Meclisi), TRNC
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)
Basis
Legislation · asserted by us within this jurisdiction
Verification
Primary source verified
in force from
21 May 2024
until
open

Regulatory events

History of this rule

  • — First encoded from the primary text. (version 1, initial)

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 · register entry

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