Comprehensive Guide to Buying Property in Northern Cyprus for foreigners

Comprehensive Guide to Buying Property in Northern Cyprus for foreigners

Northern Cyprus with stunning sandy beaches, magnificent historical sites and lower costs of life than in other parts of Europe are a hidden paradise for those looking for such a lifestyle. But is the purchase of property in Northern Cyprus for foreigners, especially Iranians, is an achievement?

its definitely true! Northern Cyprus welcomes foreign investors with open arms and provides special conditions for buying property in Northern Cyprus. This beautiful land offers numerous benefits that can transform your life.

From easy residence to safe and lucrative investment, buying a property in Northern Cyprus is a brighter window for foreigners. But before you prepare your luggage for sweet immigration to this coastal line, it is best to join foreigners with a comprehensive guide to buying a property in Northern Cyprus.

Comprehensive Guide to Buying Property in Northern Cyprus for foreigners

Steps to buy property in Northern Cyprus for foreigners

Buying a property in Northern Cyprus is a relatively simple process for foreigners, but requires awareness of legal steps and requirements. Here are the main steps of this process:

1. Selection of property:

The first step in buying a property in Northern Cyprus for foreigners is to choose the property. You can find your property through real estate websites, real estate agencies or in -person visits.

2. Obtaining a purchase license:

After selecting the property, to purchase it as a foreigner, you must obtain the necessary permission from the North Cyprus Real Estate Department. To do this, you need to submit the documents to the relevant office and complete the forms.

3. Signature of the contract:

If you agree to the license, you can sign the purchase contract with the property owner. In this contract, all the terms and details of the transaction, including the price of the property, the payment, the date of delivery and the other obligations of the parties, should be listed.

Steps to buy property in Northern Cyprus for foreigners

4. Payment of transaction:

After signing the contract, you must pay the transaction to the owner in accordance with the agreed terms. At this point, it is recommended that you pay for safe and legal methods such as bank remittances.

5. Transfer of the document:

Finally, after the full payment of the transaction, the property document is transferred to your name. This process is carried out at the North Cyprus Documentation and Real Estate Office.

Documents required to buy property in Northern Cyprus for foreigners

You need the following documents to buy property in Northern Cyprus for foreigners:

• Valid Passport
• Copy of national card
• Clearances
• Proof of finance
• Property -related documents

Side costs of buying property in Northern Cyprus for foreigners

In addition to the transaction, you need to consider other side costs. These costs include:

• Property Purchase Tax
• Lawyer’s costs
• Document Registration Costs
• Property Insurance

Important points when buying property in Northern Cyprus for foreigners

• Before buying a property, be sure to consult a experienced real estate lawyer in Northern Cyprus.
• Carefully check the property documents and ensure their validity.
• Research on the price of the property and find out about its true value.
• Avoid paying any funds illegally or outside the contract.
• When signing the contract, carefully read all its provisions and ask your question if any ambiguity.

Important points when buying property in Northern Cyprus for foreigners

Labor Consulting and Investment Company

As mentioned in the previous section, the Labor Consulting and Investment Company, with over 14 years of experience in investing and buying property in Northern Cyprus, can be a safe companion for you.

Our experienced experts will help you at all stages with a full aristocracy of the laws and regulations related to the purchase of property in Northern Cyprus. One of our services is the following:

• Free Consultation in Northern Cyprus
• Introducing property tailored to your needs and budget
• Do the affairs related to obtaining a purchase license
• Set the purchase contract
• Follow -up of document transfer affairs
• Provide after -sales service

You can visit our website at Kargarinvestment.com for more information and free advice.

In the next section, we will discuss the benefits of buying property in Northern Cyprus for Iranians as well as tips on obtaining a residence permit by purchasing the property.

The benefits of buying property in Northern Cyprus for Iranians

Buying a property in Northern Cyprus for Iranians has many benefits, some of which will be mentioned below:

• Proximity to Iran: Northern Cyprus is close to Iran because of its geographical location and this makes it easy for Iranians to travel to this country.
• Low Life Costs: As mentioned earlier, living costs in Northern Cyprus are lower than other European countries. This can be a significant advantage for Iranians.
• Job opportunities: Due to the growing growth of the tourism industry in Northern Cyprus, there are many job opportunities for people with different skills in the country.
• Possibility: Northern Cyprus has prestigious universities with appropriate tuition fees. This can be attractive to families who want to migrate.
• Security: Northern Cyprus is a safe country with a low crime rate. This can be important for Iranians who are looking for a safe environment for life.
• Culture: The people of Northern Cyprus are warm and hospitable people. This can help Iranians in a better life in the country.

Obtaining a North Cyprus residence by purchasing property

One of the most fascinating The purchase of property in Northern Cyprus for foreigners is the possibility of obtaining a residence permit. According to existing laws, foreign applicants can obtain a permanent residency of Northern Cyprus by purchasing a property worth at least 300,000 euros.

Northern Cyprus permanent residence has many benefits, including:

• Possibility of free -running to North Cyprus without the need for a visa
• Possibility of living, working and studying in Northern Cyprus
• Enjoying the benefits of medical and educational services
• Possibility of buying property and assets in Northern Cyprus
• Possibility of obtaining northern Cyprus citizenship after 5 years

Important Tips on Obtaining a Northern Cyprus Residence by Buying Property

• You need to get help from a qualified counselor or lawyer to obtain a North Cyprus stay by purchasing a property.
• The desired property must have a valid ownership document.
• The applicant must have sufficient financial money to provide for living in Northern Cyprus.
• The applicant must have no criminal record.