Legal Consultancy
Legal Consultancy: Secure and Compliant Real Estate Purchases in the Northern Part of Cyprus
Acquiring real estate in the northern part of Cyprus requires careful planning, especially for foreign buyers. At Avertiss, we offer expert guidance—thanks to our long-standing collaboration with specialized law firms—to ensure that you complete this process with 100% legal compliance and maximum security. Below is an overview of the essential steps and legal considerations involved in obtaining title deeds in the region.
1. Permission to Purchase (P2P) from the Council of Ministers
Foreign nationals must obtain a Permission to Purchase (Purchase Permit or P2P) from the Council of Ministers before acquiring real estate in the northern part of Cyprus. This permit officially authorizes foreign ownership and offers legal assurance for future property-related matters. An experienced lawyer can streamline the required documentation and application process.
2. Sales Contract Prepared by a Lawyer
According to local regulations, having the sales contract drafted by a lawyer is strongly recommended. This ensures:
- The terms and conditions are fair and legally binding for both parties
- The contract aligns with the Council of Ministers permit and other regulatory requirements
- The rights and interests of the foreign buyer are fully protected
Without professional legal oversight, errors in the contract could lead to disputes later on, making it crucial to engage law firms specialized in real estate transactions.
3. Registering the Contract at the Land Office: Securing Your Property
If the purchased real estate does not yet have a separate title deed (for instance, if the title for your apartment share has not been issued), registering the sales contract at the Land Office provides significant protection to the buyer. By completing this registration:
- The property is safeguarded against claims by third parties
- The buyer’s legal position is strengthened in the event of any disputes with the seller or developer
- Ownership details gain official recognition in government records
4. Title Deed Available? Proceed with the Transfer
If the title deed for the purchased property is ready, the transfer must be carried out by making an appointment with the Land Office. During this stage:
- All necessary documents for the transfer are prepared
- Relevant taxes and fees are paid
- Official approvals are obtained
Once again, close coordination with your lawyer facilitates a smooth and error-free process.
5. Taxes and Fees Payable by Foreign Buyers
When acquiring title deeds in the northern part of Cyprus, the main taxes and fees generally include:
- Transfer Fee (Land Registry Fee): 6% of the sale price
- VAT (Value Added Tax): Usually 5%, especially for purchases from a developer (applies to new-build or off-plan properties)
- Withholding Tax (Stopaj): Generally paid by the seller, but alternative agreements between the buyer and seller may apply
- Stamp Duty: Typically 0.5% of the contract value and is payable shortly after signing
Exact rates may vary depending on the property type and current legislation. Consultation with a lawyer or tax advisor is recommended for upto-date calculations.
6. Avertiss’s Collaboration with Expert Lawyers
To guarantee a fully compliant and secure property purchase under the real estate laws of the northern part of Cyprus, Avertiss refers clients to long-standing, experienced law firms. This approach ensures:
- Every legal procedure is completed under expert supervision, minimizing errors
- The Council of Ministers permit, contract drafting, title deed transfer, and tax affairs are all handled smoothly
- Our clients finalize their investments quickly and safely, backed by accurate legal information at every stage
Contact Us for Legal Consultancy and More
Throughout your property-buying journey in the northern part of Cyprus, Avertiss—together with our specialized legal partners—supports you every step of the way. You can reach out to us now to ensure a secure, error-free purchase that fully complies with local laws.
Email: info@avertiss.com
Legal consultancy is an indispensable part of any successful real estate investment. By leveraging Avertiss’s industry expertise and trusted partnerships, completing your title deed process in the northern part of Cyprus becomes straightforward and worry-free.