Requirements and general information in respect of registration of an International Business Company (IBC Company) in TRNC. General Information: Minimum number of shareholders is two. Shareholders must be of foreign origin and must not ordinarily reside in TRNC. TRNC citizens whose permanent place of residence is outside TRNC are also eligible to be shareholders. iii. Minimum share...
Guidance on Divorce and Matrimonial Proceedings Divorce and matrimonial proceedings in TRNC are regulated by Family, Marriage and Divorce Act No. 1/1998. In TRNC the Family Law principles are based on protection of family structure and children. The most frequent issues in the Law of Family we face are divorce cases. Our Law Firm often represents clients as a lawyer in divorce cases and works hard to...
Planning ahead in life always gives you benefits, as an old saying states that “If you are failing to plan, you plan to fail”. The inheritance law and regulations differentiate in each country. Many people who live permanently or temporarily in Northern Cyprus own estates, however they have a lack of information on inheritance procedures. In Northern Cyprus inheritance rules and regulations are mainly...
Visa on arrival Guidance on obtaining residence permit. As soon as you decide to acquire a private or a commercial immovable property the next question you might have is how to get the resident permit in order to enjoy your property in any time of the year. Here our guidance will come handy. Visa on arrival. Regularly you are granted a visa up to 90 days (depending on the purpose of your visit) upon...
There are 3 main taxes involved in any property sale transaction (different taxes apply to gifts of property). These taxes are: – The transfer fee which is payable to Land Registry Office – The capital gains tax which is payable to the Tax Office – The VAT which is payable to the Vendor The Capital Gains is usually payable by the vendor and the transfer fee is usually payable by...
Regardless of whether you are looking to acquire a private or a commercial immovable property in Northern Cyprus, it is our firm’s priority to provide you with the best possible service and to see you through every step of the process. We ensure that you are well cared by us, whatever may come up. Additionally, when buying immovable property in Northern Cyprus we want to ensure that our Client’s...
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