TURKISH REPUBLIC OF NORTHERN CYPRUS PROCEDURS FOR FOREIGN 
INVESTORS:
In order to carry out business in TRNC, certain regulations and conditions which are detailed 
below need to be complied with. Foreign investorns can do business in TRNC only through 
limited companies which must have a minimum of € 50.000 EURO paid up capital. Demostic
investorns can do business in TRNC only through limited companies which must have a 
minimum of 15.000 TL paid up capital. The name of the company must have approval by the 
registrar.

Foreign and / or local persons or companies can become shareholders in a company registered 
in the Famagusta Free Port and Zone only after first obtaining the approval of the board of 
directors and then the ministerial council. The paid capital of such a company is determined in 
the laws and regulations of the free port and regional directorate, and it must be transferred to 
the TRNC before the company is established and / or deposited in a bank in the TRNC and 
blocked until the company is established. In addition, the following documents must be 
submitted to the Registrar.

For each of the foreign and local corporate shareholder:
- Memorandum and Articles of association . If in foreign language a Turkish or English 
translation is required.

- The list (extract from the Registrar of Companies) of present directors and shareholders , their 
addresses, nationalities and copies of their passports.
Where there is no TRNC Consulate in the county of origin a certificate in respect of each
director from the Ministry of Interior or Police is required stating that the director has not 
committed any criminal offence and is of good charecter. Such certificate should be certified 
by the Consulate of Turkish Embassy or Apostile Certified by their offices except from EU,
Turkey, Islamic cooperation organization and five (5) permament members of UN (USA,
Russia, China, England, France).

For each of the foreign real person shareholder:
- A copy of the passport of the foreign person provided the original is seen by the authorities in 
TRNC or a copy of the passport certified by the TRNC Consulate in the country of origin. Or 
Consulate of Turkish Embasy or Apostile (Certified by their offices, except from Islamic 
cooperation organization , EU, USA and Turkey).

Where there is no TRNC Consulate in the Country of origin a certificate from the Ministry of 
Interior Police is required stating that the person has not committed any criminal offence and is 
of good character. Such certificate should be certified by the Consulate of the Turkish Embassy 
or Apostile (Certified by their ofices, except from EU, USA, İslamic Coorporation Organization
and Turkey) and five (5) permanent members of UN (USA, Russia, China, England, France).For each of the foreign director:
- A copy of the passport of the foreign person provided the original is seen by the authorities 
in TRNC or a copy of the passport certified by the TRNC Conculate in the country of origin 
or Consulate of Turkish Embassy or Apostile (Certified by their ofices, except from EU, 
USA, İslamic Coorporation Organization and Turkey).

- A certificate from the Ministry of Interior or Police, in the country of origin, certified by 
the TRNC Consulate or Turkish Embassy or Aportile, is required stating that the person has 
not committed any criminal offence and is of good character. (Certified by their offices, 
except from , İslamic Coorporation Organization, EU, Turkey and five (5) permanent 
members of UN (USA, Russia, China, England, France)

The documents presented to the Famagusta Free Port and Zone are as follows ;
- Articles of Association 
- M.S. : 1 forms ( court approved.) and 30 TL stamp
- M.Ş : 2, 3 Forms and 30 TL stamp per form
- Capital Fee
- Bank document im TRNC bank that showing the require amount at money blocked in the 
bank.