What to Do After Receiving Permission to Purchase Property in Northern Cyprus?
After the transaction is approved by the Council of Ministers, there are a few more steps to complete to register the property in your name.
Step-by-Step Guide
If your contract has been registered and permission from the Council of Ministers for the purchase has been obtained, the title is divided, and the property price is fully paid, then you need to go to the Land Registry with the seller and, within 6 months of receiving the permit, pay the taxes and complete the title transfer process.
Taxes
If 6% was paid when registering the contract, you will need to pay an additional 6%. If only 0.5% was paid when registering the contract, a payment of 12% is required.
After the title is transferred to your name, there is nothing more you need to do—congratulations on the final registration of your property!
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Vadim Chernyakov
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Born and raised in Yekaterinburg, visited more than 40 countries, lived in the USA for some time, and in 2022, moved to Northern Cyprus. Education: Ural State University (now Ural Federal University), Faculty of Political Science and Sociology. Professional Experience: Since 2008, worked in the…
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