Land & Property Purchase

The legal system in Northern Cyprus is based on British Law

A foreigner that wishes to live in Northern Cyprus and purchase a property must apply for the following permits

1 A temporary visitors permit from Lefkosa. This requires a completed form and four passport photographs.

2 Permission to purchase land/property must be granted by council of ministers. This application is made on your behalf by your solicitor.

DUTIES

Stamp Duty is 6% of the value levied by the Land Registry Office for the stated property.

The value placed on the property by the Land Registry is usually lower than the actual agreed sale price.

Council tax is 1%

VAT is 5%

A rough guide to the total amount of duty and all legal fees payable would be less than 10% of the purchase price.