Address:

North Cyprus, Mersin 10 , KKTC ,Yeni Iskele , Mustafa Orhan CAD , No:66 Postal Code: 99850

Phone:

00905338859906

Additional costs of obtaining residency in Northern Cyprus in 2021

Additional costs of obtaining residency in Northern Cyprus in 2021

After purchasing the property and signing the original contract in the company, a fee of 0.5% of the price of the property must be paid to register the contract at Tapoo office.

5% of the price of the property must be paid to the Tax Office (one year after the key is delivered) and 3% of the price of the property as VAT (one year after the delivery of the key), which will be a total of 8.5% of the total value of the property. This fee will be paid for each property once, and after payment the property will be tax-free.

Other costs which are related to water, electricity, sewage, are different in some companies, but the amount is between 1,500 and 1,800 British pounds.

The next fee relates to the process of obtaining a residence, which includes 611 TL for blood tests and 520 TL for residency (it must be paid each time the residence permit is extended.)

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