Introduction
Investing in Northern Cyprus real estate is an exciting opportunity for foreign buyers looking to expand their portfolios, secure a second home, or generate rental income. However, to ensure a smooth and legally compliant transaction, foreign investors must follow specific steps. In this guide, we’ll break down the investment process for foreign nationals and explain how Özeray Investments can assist you at every stage.
Step-by-Step Process for Foreign Investors
1. Choose the Right Property
Before making an investment, research the best locations and types of properties that align with your goals. Northern Cyprus offers:
- Luxury villas for permanent residency
- Seaside apartments with high rental yields
- Off-plan projects for capital appreciation
At Özeray Investments, we offer a wide range of exclusive properties tailored to investors’ needs.
2. Sign a Sales Agreement
Once you’ve selected your property, a Sales Agreement is prepared, outlining:
- Purchase price and payment terms
- Responsibilities of both buyer and seller
- Property specifications
Our legal team ensures that all agreements protect your rights and comply with Northern Cyprus property laws.
3. Obtain Council of Ministers’ Approval
Foreign buyers must apply for purchase approval from the Council of Ministers before officially registering a property in their name. This process takes 6–12 months, but buyers can take immediate possession of the property while waiting for approval.
Özeray Investments handles the entire application process, ensuring compliance and fast-tracking approvals.
4. Pay Applicable Taxes & Fees
To complete your purchase, the following fees and taxes must be settled:
- Stamp Duty: 0.5% of the property price (paid at contract signing)
- VAT (KDV): 5% (for new developments)
- Title Transfer Fee: 3% (one-time payment)
Our experts guide you through the payment process, ensuring all financial obligations are met efficiently.
5. Title Deed Transfer & Full Ownership
Once Council of Ministers’ approval is received and payments are completed, the title deed (Kocan) is officially transferred to your name, granting full ownership rights.
Congratulations! You are now a property owner in Northern Cyprus.
Why Foreign Investors Choose Northern Cyprus
- Affordable Property Prices: Compared to Europe, Northern Cyprus offers lower real estate costs with high appreciation potential.
- No Property Tax for the First Year: Investors benefit from tax advantages and low transaction fees.
- Attractive Rental Yields: Short-term and long-term rentals provide excellent ROI.
- Safe & Stable Investment Market: Northern Cyprus has no property restrictions for foreign buyers, making it a secure and transparent investment hub.
Why Work With Özeray Investments?
At Özeray Investments, we offer:
- Exclusive Property Listings – The best selection of villas, apartments, and off-plan projects
- Legal Assistance – Our team manages all paperwork, ensuring a stress-free purchase
- Investment Guidance – Personalized strategies to maximize ROI and rental income
- Fast-Track Approval Process – We assist with Council of Ministers applications to secure your ownership faster
Final Thoughts
Foreign nationals investing in Northern Cyprus real estate enjoy affordable pricing, high returns, and long-term security. By partnering with Özeray Investments, you’ll have expert guidance every step of the way—from choosing the right property to securing full ownership.
Ready to invest in Northern Cyprus? Contact us today to explore exclusive investment opportunities and start your property journey with confidence.
info@ozerayyatirim.com | Call Us: +905338383000