Buying real estate in Northern Cyprus for citizens of Belarus is an excellent opportunity to invest or find their own home in a unique location. This process becomes simple and convenient with professional support. Let's look at the main stages of the transaction and available payment methods, and also briefly look at how you can get to Northern Cyprus.
How to get to Northern Cyprus?
Cyprus is an island, so it can only be reached by air or sea. There are several ways:
1. A flight with a transfer in Turkey is a convenient option for citizens of Belarus who do not have a Schengen visa. Regular flights operate via Istanbul or Ankara.
2. Flight to Southern Cyprus with border crossing - for citizens with a Schengen visa, this is an opportunity to fly to Larnaca or Paphos airports and then cross the border at one of the checkpoints.
3. Sea ferry - through the ports of Turkey. Suitable for travelers with personal transport.
You can find out more here - How to get to Northern Cyprus?
Steps to buying real estate
Step 1. Selecting a property
At the first stage, a property that matches your wishes is selected. At this stage, all terms of the transaction are agreed upon: price, terms and special conditions. Everything is fixed in the contract, which will become the basis for further registration.
Step 2. Preparation and drawing up of an agreement
The lawyer draws up an agreement, which specifies the price, terms, passport details of the parties and additional conditions. The lawyer also checks the legal purity of the object. The contract is signed in English and Turkish.
Step 3: Pay stamp duty
After signing the contract, stamp duty is paid (0.5% of the property value). Registration of the agreement with the Land Department must be carried out within 21 days from the date of signing.
Step 4. Registration with the Land Department
After registering the contract, the buyer officially becomes the owner of the property. A lawyer accompanies the process and registers the contract in the name of the new owner.
Step 5. Payment of VAT
After handing over the keys, VAT is paid (5% of the value of the property), which confirms the completion of the transaction.
Step 6. Registration of legal title (head of cabbage)
For citizens of Belarus who are not residents of Northern Cyprus, a purchase permit is required. The lawyer submits the application to the Ministry of Internal Affairs and accompanies the process until its completion.
Payment methods
For the convenience of citizens of Belarus, various payment methods are provided:
1. Bank transfer from Belarus - direct payment to the account of the developer or lawyer is possible.
2. Payment with cryptocurrency - some developers accept cryptocurrency, which makes the payment process convenient.
3. Cash Payment - Cash payment is acceptable up to $10,000 per person.
Additional costs when purchasing real estate
• Legal fees - approximately £1,600.
• Stamp duty - 0.5% of the cost of the property.
• Title transfer tax - 6% of the property value.
• VAT - 5% of the price.
• Transformer Fee - £1,500 to £2,500.
• Water and electricity connection - from 3800 to 18,000 Turkish lira.
• Police clearance certificate – required to be translated into Turkish and notarized.
Conclusion
Buying real estate in Northern Cyprus for citizens of Belarus is a convenient and transparent process with professional support. NAVITSKI Investment LTD agency provides comprehensive support at all stages of the transaction, helping you choose the most profitable payment method. Contact us today and we will help make your North Cyprus property dream come true!
