New Laws Regarding Housing in Northern Cyprus

Dear Investors :

We would like to inform you about the changes of local laws of Northern Cyprus Property Taxes.

If your property is completed or almost completed and you will use it or rent it  here are the steps we need to follow :

If your contract has been registered and the 0.5% stamp duty fee has been paid :

• we would need a document from your country police where you are living in which states you do not have a criminal record translated in English or with an English attachment. 500 Euros will be needed to apply to the ministry of internal affairs for the title deed permit . this may take upto 1 year.
• After the permit is ready a 12% title deed will be paid and you will recieve your title deed. ( the fee will be from the contract price)

If your contract has not been registered :

• We will need to register your contract to the title deed and tax Office with your original contract. 6% of the contract price will be paid to the tax Office , then 0,5% stamp duty fee will be paid and your contract will be legally valid. We will then need your criminal record . translated in English or with an English attachment. 500 Euros will be needed to apply to the ministry of internal affairs for the title deed permit . this may take upto 1 year.
• After the permit is ready a 6% title deed will be paid and you will recieve your title deed. ( the fee will be from the contract price)

If you will not use/ rent the house you have 2 options :

• Resell the house by MAY 2026 without the need to pay taxes.
• Make only the registration part, pay 0,5% and 6% and resell it when the Project is ready.

Please decide carefully about the procedure as the law is now in action and penalties will be applied for whom do not do the registrations or resell their properties in time.

For further details about the law please contact us or our lawyers

Best Regards

Address Estate Team