Residency Permit due to Immovable Property

PROCESS OF THE RESIDENCE PERMIT FOR FOREIGNERS WHO POSSESS IMMOVABLE PROPERTY IN THE T.R.N.C

Foreigners who possess immovable property in the TRNC may be granted 1 year renewable residence permit for the first 3 years and thereafter two years renewable permit provided that they have obtained the title deeds registered to their names.

CRITERIA FOR RESIDENCE PERMIT FOR FOREIGNERS WHO POSSESS IMMOVABLE PROPERTY IN THE T.R.N.C

He/she must possess a house suitable for residence that is currently being used for this purpose.

If the title deed of a dwelling is divided into more than one share and one of the shareholders has been issued a short-term residence permit in accordance with this paragraph, no short-term residence permit shall be granted to another shareholder for the same dwelling.

In the event that the immovable property has been purchased through concluding a contract, it is required that the payment for at least one third of the sale price has been made and the applicant must have applied for permission from the Council of Ministers to acquire the immovable property.

If the immovable property has a title deed registered to the name of the applicant, the applicant is required to have an income equal to at least one monthly minimum wages; if the instalments are still being paid for the immovable property that has been acquired through a contract, the applicant must have an income equal to at least one monthly minimum wages in addition to the monthly instalment amount stated in the contract.