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Yes; your permissions to live in Northern Cyprus are applied for by your solicitor at the appropriate government offices. This is typically part of your legal fees for buying property. Where this can be a long arduous process, it is best handled by a solicitor.
You will be issued a 3 months visa for your visit. If you plan to stay longer, we can advise you on applying for residency permissions.
It is important to hire a solicitor, who must be based here in the TRNC, to make all necessary checks on your property purchase at the local government offices and produce a thorough Contract of Sale to be signed by you and the developer of the property.
You can expect to pay about 1000 GBP for a solicitor to process your applications for living in TRNC and make a contract of sale. It is important to ask your solicitor what his/her fees cover.
Foreigners can expect to pay VAT which is currently 5% and Stamp Duty which is 6%, but first time buyers have a one-time option to pay 3%. These costs are on the value of the property, not the sales price. Typically the property is valuated at far less than the cost of the property. These are to be paid at time of title transfer.
Yes. Many buyers are not able to travel to Northern Cyprus
and don’t want to miss out on prime property investments
or holiday homes. We can talk you through every step of the
process of buying property from abroad.
Your passport is the only document required.
The legal system is the British legal system.
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