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Foreign Investor’s Guide- setting up a company in North Cyprus
One of the most important decisions you will need to make when setting up a private limited company in The Turkish Republic of Northern Cyprus is determining whether the company will be taking title of any immovable property.
Attr. Çise Gürkan
Property Purchasing Checklist: 10 Things To Consider When Purchasing Property in North Cyprus
This checklist outlines the top 9 issues to consider prior to and during the conveyancing process and how to ensure that the process moves forward smoothly and efficiently while keeping your interests protected at all stages.
Attr. Çise Gürkan
International Transportation License Granted to TRNC Vehicles
In the decision taken by the Republic of Turkey Presidential Office on 18/12/2018, it was announced that the vehicles with TRNC number plates were authorized to be transported to Turkey by railway, sea or air and thereby to third countries by road within the quota to be annually determined by the Ministry of Transport and Infrastructure. The aforementioned decision was published in the Official Gazette dated 18/12/2018 and entered into force from then on.
Regulation on Drug Convicts
A Protocol was signed on the Community Reintegration Project for Individuals in Prison for Drug Charges. The signing ceremony took place at the Prime Minister's Office, with the participation of Hasan Karaokçu, the President of the Anti-Drug Commission (UMK) established on 18/11/2014 and operating under the Prime Ministry, the Prime Minister Tufan Erhürman and the Minister of Interior, Ayşegül Baybars.
Famagusta, İskele, Yeniboğaziçi Transitional Ordinance
The Famagusta, İskele, Yeniboğaziçi Transitional Ordinance, which has been on the agenda of the TRNC Government, was published in the Official Gazette dated 10/12/2018 and entered into force.
Acquisition of an Immovable Property by Overseas Citizens in TRNC
Law No. 52/2008 on the acquisition of immovable properties by overseas citizens in the TRNC was amended.
Amendments in Rent Taxes
The Statutory Decree on the amendments in rent taxes entered into force. Pursuant to the statutory decree on the reorganization of rent incomes and withholding in contracts made in foreign currency and Turkish lira that will be applied for...
Frequently Asked Questions
Does the liability of the insurance company continue even when the insurance is cancelled?
Although the insurance company has the right to cancel the insurance or if it has canceled it, in a case whereby there is a provision in favour of third parties and against the insured, and the liability the provision is based on is covered by the insurance, the insurance company is obliged to make payments.
Under what circumstances is the insured not required to pay?
In general, although the insurance compensates for the damages incurred, the insurance company cannot be imposed with the liability in some cases. If the insurer is not notified before the start of the judicial proceedings...
Is it necessary to have insurance against third party risks?
If there is no valid insurance policy prepared in accordance with the law against the risks arising against third parties in the use of a vehicle, the vehicle owner cannot cause or allow any persons to use the said vehicle...
What is the Right of Recourse in insurance cases?
The right of recourse is the right of the insurer compensating and insured under a contract of indemnity to take recourse the compensation from the party causing damages by fault and negligence. However, the insured cannot transfer their right to sue the insurance company.
What are the requirements of motor vehicle insurance policies?
First, the policy must be made with an insurance company. In addition, the insurance needs to protect the person or persons specified in the policy...
All Frequently Asked Questions
Gürkan & Gürkan Advocates and Legal Advisers
Founded in 1974 by Attorney Selçuk Gürkan, the Gürkan & Gürkan Advocates and Legal Advisers ranks among the largest and most respected law firms in Northern Cyprus. With offices in Kyrenia and Famagusta, and serving you with experts in their respective fields, our Firm is the trusted business partner to leading companies, international investors and individual clients.