2026 Banking & Property Tax Policy Updates
In 2026, the Central Bank of North Cyprus and the Tax Department implemented updated regulatory frameworks designed to streamline cross-border real estate transactions.
Key 2026 Policy Highlights
- AML Compliance Standards: Buyers transferring over £50,000 to local escrow accounts must provide standard Proof of Funds documentation.
- Crypto-to-Fiat Payment Integration: Fully regulated mechanisms now allow foreign buyers to settle property installments using USDT via licensed financial institutions.
- Digital Land Registry System: Contract registrations at the Tapu Dairesi have been streamlined into a 48-hour digital process.
