Step-by-step instructions for buying property in Northern Cyprus:
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1⃣ Choosing a property;
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2⃣ Payment of a reservation deposit (in order to remove an apartment from sale and assign it to your name for 2-3 weeks);
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3⃣ Signing a contract of sale;
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4⃣ Payment of the down payment and stamp duty of 0.5% for registration of the contract with the tax service.
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5⃣ Registration of the contract in the Land Cadastre;
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6⃣ Payment of the balance for the property;
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7⃣ Payment of taxes: VAT 5% and Transformer fee (fee for connection of communications);
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8⃣ Submission of an application to the Ministry of Internal Affairs to obtain a purchase permit;
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9⃣ Payment of a transfer fee for the transfer of title to land in your name;
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🔟 Title translation (full ownership).
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Need help with any of these steps? We are always ready to help!