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Can one get residency for other family relatives through purchasing property?
Yes, you can get residency for relatives younger than 18, however for relatives older than 18 their names must be mentioned in the title deed.
Do you acquire residency if you purchase property in TRNC?
Indeed, purchasing property is one of the easiest ways to acquire residency.
Do I need to know any specific language to acquire a North Cypriot Passport?
As the official language of TRNC is Turkish, you must be familiar with the language.
In which banks can I have an account?
Usually in most Turkish banks, such as Ish Bank and Ziraat Bank.
Do I have to register a company to work?
You do not need to register a company to work in different places and you only need a job visa, but if you want to start your own business, then you have to register a company.
Is it possible for a family member of mine to continue their education in Northern Cyprus?
Yes.
Is there a price limitation in regards to acquiring residency through property purchase?
there is not. Prices start from 40GP, and you do become a Cypriot resident even if you purchase a property with this price.
Do I have to buy a property to get a residence in Northern Cyprus?
No, there are other ways to apply for residency, such as education, company registration, and so on. However, buying a property is one of the easiest ways to acquire residency.
Can you complete the process of creating a bank account for me?
Yes, we are with you for all of the steps of your residency, including opening an account.
How can I be a citizen of North Cyprus through purchasing property there?
Acquiring citizenship is a whole different process. If the property values less than 125 thousand euros, you do get permanent residency after renewing your temporary residency for a period of five years and not leaving the country for more than 40 days. If purchased property values over 125 thousand euros, you do acquire permanent residency after renewing your temporary one for a period of five years on the condition that you do not leave the country for more than 180 days. Persons who possess permanent residency for 3 years are allowed to apply for North Cypriot citizenship.
Is it possible to do international purchases if I create a bank account in North Cyprus?
Yes.
What is the property tax like in Northern Cyprus?
The tax cost is 0.5% of the value of the purchased property.
Can I get permanent residency by registering a company?
By registering a company in Northern Cyprus and starting a business there, you will not be able to obtain permanent residency and Northern Cypriot citizenship immediately. After registering the company, you may apply for permanent residency after 6 years.
How can we get a work permit in Northern Cyprus?
There are many types of job visas in Northern Cyprus, job visas for one of the registered companies - job visas for entrepreneurs and job visa holders for those wishing to learn a trade or profession.
How long does it take to acquire residency through buying property?
No longer than 21 working days.
What currency is earned and spent in Northern Cyprus?
The common currency in Northern Cyprus is the Turkish lira, although the purchase and sale of real estate is in British pounds.
Is residency through purchasing property renewable?
Yes, you do get residency for one year and can renew it annually.
Could a third person complete the purchase for me in North Cyprus?
You are not required to attend for the early stages of your purchase, it may be done online or through a representative of the customer. However, you are obliged to be in Northern Cyprus to sign the related documentation and the residency procedure.
Am I allowed to work in TRNC if I purchase property?
Purchasing property does not limit you from pursuing a career on the island, however you are still required to acquire a job visa.
Is it required to reside in the bought property to acquire residency?
No, in order to become a resident of the island you are not required to be living in your purchased property.
Is it possible to buy a property as a partnership?
Yes, members of a family, such as siblings, mother and son, can buy a unit in partnership, the only problem is that these people cannot apply for residency for their families on this property .
Is it possible to get residency through installment buying?
Yes, you may apply for residency after paying 1/3 of the property’s value.
Does Tliman present tours for its projects?
Yes, we have free of cost residence for three to seven days in which we have tours of the projects and the sights of Cyprus.
Why should I choose Tliman to purchase property?
Our corporation has a perfect record with an experienced team to assist in all levels of your purchase, most importantly affordable offers are made by the construction corporation through us.
How long does it take for the title deed to be issued?
Between three to six months for foreign customers.
How can I transfer or exchange my money?
Customers from most countries of the globe may exchange their national currency through transferring money to our agents who shall exchange received money and make payment to the related construction corporation.
Can purchased property be put for rent?
Yes, it can be done for short and long periods, some construction companies even provide rent guarantees.
Is property value/area important in acquiring residency?
A family of two may receive residency by even purchasing a small studio apartment. For families of three, bought property must at least have one bedroom, families of four need a two-bedroom property and families of over 5 require a three-bedroom property or a villa.
What are the approximate side expenses of buying a property?
Half a percent to cancel the stamp, the cost of branches, which is different in each city and each construction company and must be paid until the time the property is delivered. The cost of tax is 5 percent of the value of the property and 3 percent for the registration of the document, so for newly built units a cost between 8 and 10 percent should be considered in addition to the price of the property.
Can one get residency for other family relatives through purchasing property?
Yes, you can get residency for relatives younger than 18, however for relatives older than 18 their names must be mentioned in the title deed.
Do you acquire residency if you purchase property in TRNC?
Indeed, purchasing property is one of the easiest ways to acquire residency.
Is there a price limitation in regards to acquiring residency through property purchase?
there is not. Prices start from 40GP, and you do become a Cypriot resident even if you purchase a property with this price.
How can I be a citizen of North Cyprus through purchasing property there?
Acquiring citizenship is a whole different process. If the property values less than 125 thousand euros, you do get permanent residency after renewing your temporary residency for a period of five years and not leaving the country for more than 40 days. If purchased property values over 125 thousand euros, you do acquire permanent residency after renewing your temporary one for a period of five years on the condition that you do not leave the country for more than 180 days. Persons who possess permanent residency for 3 years are allowed to apply for North Cypriot citizenship.
How long does it take to acquire residency through buying property?
No longer than 21 working days.
Is residency through purchasing property renewable?
Yes, you do get residency for one year and can renew it annually.
Could a third person complete the purchase for me in North Cyprus?
You are not required to attend for the early stages of your purchase, it may be done online or through a representative of the customer. However, you are obliged to be in Northern Cyprus to sign the related documentation and the residency procedure.
Am I allowed to work in TRNC if I purchase property?
Purchasing property does not limit you from pursuing a career on the island, however you are still required to acquire a job visa.
Is it required to reside in the bought property to acquire residency?
No, in order to become a resident of the island you are not required to be living in your purchased property.
Is it possible to buy a property as a partnership?
Yes, members of a family, such as siblings, mother and son, can buy a unit in partnership, the only problem is that these people cannot apply for residency for their families on this property .
Is it possible to get residency through installment buying?
Yes, you may apply for residency after paying 1/3 of the property’s value.
Does Tliman present tours for its projects?
Yes, we have free of cost residence for three to seven days in which we have tours of the projects and the sights of Cyprus.
Why should I choose Tliman to purchase property?
Our corporation has a perfect record with an experienced team to assist in all levels of your purchase, most importantly affordable offers are made by the construction corporation through us.
How long does it take for the title deed to be issued?
Between three to six months for foreign customers.
How can I transfer or exchange my money?
Customers from most countries of the globe may exchange their national currency through transferring money to our agents who shall exchange received money and make payment to the related construction corporation.
Can purchased property be put for rent?
Yes, it can be done for short and long periods, some construction companies even provide rent guarantees.
Is property value/area important in acquiring residency?
A family of two may receive residency by even purchasing a small studio apartment. For families of three, bought property must at least have one bedroom, families of four need a two-bedroom property and families of over 5 require a three-bedroom property or a villa.
What are the approximate side expenses of buying a property?
Half a percent to cancel the stamp, the cost of branches, which is different in each city and each construction company and must be paid until the time the property is delivered. The cost of tax is 5 percent of the value of the property and 3 percent for the registration of the document, so for newly built units a cost between 8 and 10 percent should be considered in addition to the price of the property.
Do I need to know any specific language to acquire a North Cypriot Passport?
As the official language of TRNC is Turkish, you must be familiar with the language.
Do I have to buy a property to get a residence in Northern Cyprus?
No, there are other ways to apply for residency, such as education, company registration, and so on. However, buying a property is one of the easiest ways to acquire residency.
Can I get permanent residency by registering a company?
By registering a company in Northern Cyprus and starting a business there, you will not be able to obtain permanent residency and Northern Cypriot citizenship immediately. After registering the company, you may apply for permanent residency after 6 years.
In which banks can I have an account?
Usually in most Turkish banks, such as Ish Bank and Ziraat Bank.
Can you complete the process of creating a bank account for me?
Yes, we are with you for all of the steps of your residency, including opening an account.
Is it possible to do international purchases if I create a bank account in North Cyprus?
Yes.
What is the property tax like in Northern Cyprus?
The tax cost is 0.5% of the value of the purchased property.
What currency is earned and spent in Northern Cyprus?
The common currency in Northern Cyprus is the Turkish lira, although the purchase and sale of real estate is in British pounds.
Do I have to register a company to work?
You do not need to register a company to work in different places and you only need a job visa, but if you want to start your own business, then you have to register a company.
How can we get a work permit in Northern Cyprus?
There are many types of job visas in Northern Cyprus, job visas for one of the registered companies - job visas for entrepreneurs and job visa holders for those wishing to learn a trade or profession.
Is it possible for a family member of mine to continue their education in Northern Cyprus?
Yes.