North Cyprus Residency by Investment

The Turkish Republic of Northern Cyprus (TRNC), known for its favorable climate, rich history, and vibrant culture, is a popular destination for retirees, investors, and families seeking a high-quality life.

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Obtaining a Residency Permit in the TRNC

The TRNC offers a straightforward residency status with a property investment in the Island minimum worth £150.000.

Residency for EU and Non-EU Nationals:

Regardless of being an EU citizen, the TRNC requires all foreigners to undergo the same residency procedure due to its distinct legal status from the European Union.

Initial Entry:

Upon arrival, visitors receive a tourist visa stamp, permitting a stay of usually up to three months without the right to work. This period must be respected, as the previously common practice of visa renewal through short trips abroad is now restricted.

Residency for Retirees:

Individuals over sixty may be exempt from the residency permit requirement, subject to current laws.

Application Process:

Applicants under sixty, wishing to extend their stay beyond the tourist visa, must visit the local police station’s immigration department with the following documents:

• Original and photocopy of the passport.
• Title deeds or contract of sale for property owners, or tenancy agreement for renters.
• A residency letter (Ikametgah Belgesi) from the local village chief (Muhtar).
• Bank documents showing sufficient funds (a minimum of £5,000) or regular income in a TRNC bank account.
• Two passport photographs and stamps (Damga Pulu) for application fees.
• Applicants undergo a health check for infectious diseases, costing around 135 TL.

After the health test, results are taken, unopened, to the immigration office in Lefkosa for the residency permit stamp. The permit is valid for one year and requires annual renewal.

Residency Does Not Equal Work Rights:

Holding a residency permit allows living in the TRNC but does not confer the right to work or establish a business. These activities require separate permits.

For Families:

Only adults need residency permits; children under 18 are exempt. Non-citizen parents must register the birth of their child in the TRNC with their home country's embassy and the local District Office.

Permanent Residence and Citizenship

Permanent Residence Permit (White Card):

To apply for a White Card, you must own property worth €150,000, have resided in the TRNC for three to six years depending on age, not have been abroad for more than 40 days in any year, and maintain continuous health insurance.

Full Citizenship:

Citizenship can be granted after holding a White Card for the requisite period, without legal, moral, or financial indiscretions. Technical skills or investments in the TRNC may also lead to granted citizenship, though these criteria are under review.

Opening a Bank Account in the TRNC

Opening a bank account is a simple yet vital step for expatriates, facilitating transactions and property investment. The process involves selecting a bank, providing identification and proof of address, and meeting any deposit requirements. This account is crucial for demonstrating financial stability for residency applications.

Ketenci&Ketenci stands at the forefront as an international law firm specializing in global citizenship advice. Please reach out to us for any inquiries or further information regarding property investments, opening bank accounts and obtaining residency and citizenship in Northern Cyprus.