After purchasing a property in Northern Cyprus, you will need a local bank account. The process is simple, though language can sometimes be a challenge. We assist our clients throughout the account opening process.
You will need your passport, tax number, and address proof. If your address is not shown on your passport, a utility bill or rental agreement may be required. Documents in Latin letters usually do not need translation. We recommend banks experienced with foreign customers.
Having a bank account in Northern Cyprus allows you to transfer money easily, set up automatic bill payments, exchange currency at better rates, and use mobile banking apps. Accounts can be opened in multiple currencies.
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See Our Latest Articles & NewsOpening A Bank Account
Obtaining Tax Number
A tax number is required for most official and financial transactions in Northern Cyprus, including opening a bank account, purchasing property, connecting utilities, insurance, and residence procedures.
Getting a tax number is a simple and free process. You can apply at the local Tax Office with your original passport and a copy. The application usually takes a short time, and once issued, the tax number can be used immediately for all official transactions.
Our agents assist all our clients with obtaining their tax numbers.
Getting a tax number is a simple and free process. You can apply at the local Tax Office with your original passport and a copy. The application usually takes a short time, and once issued, the tax number can be used immediately for all official transactions.
Our agents assist all our clients with obtaining their tax numbers.
Furniture Tour
After having bought your dream house, the time came to decorate it at an affordable price. The Karox Homes team will assist all our clients in purchasing their furniture. It is hard to find the right furniture when you are abroad and don’t know about the quality, services and prices.
A furniture tour is another after-sales process that we provide to our clients. We assure you that you have the right furniture and the best service from their side.
Karox Homes team cooperates with many trustworthy furniture companies in the region. We visit the furniture shop with you and make sure that you get the best offer. If you are not available for the furniture tour we send you some proposals from furniture companies and follow the whole process. We help you to buy white goods, kitchen appliances, electric appliances etc.
You do not have to be present during this process, even if you are in your country we can make your home ready to live.
A furniture tour is another after-sales process that we provide to our clients. We assure you that you have the right furniture and the best service from their side.
Karox Homes team cooperates with many trustworthy furniture companies in the region. We visit the furniture shop with you and make sure that you get the best offer. If you are not available for the furniture tour we send you some proposals from furniture companies and follow the whole process. We help you to buy white goods, kitchen appliances, electric appliances etc.
You do not have to be present during this process, even if you are in your country we can make your home ready to live.
Property Insurance
It is very important to insure your property as always, the cost of property insurance varies depending on the location and size. Karox Homes team would provide you with a suitable guide to getting your property insurance covered.
With your Title Deed and passport we go to the insurance office. It is a very quick process and our team will assist you as always.
With your Title Deed and passport we go to the insurance office. It is a very quick process and our team will assist you as always.
Sell Your Property
If you have a property in Northern Cyprus and would like to sell it, get in touch with us as soon as possible. Our professional team will come and see your property and give you all legal information about selling process in Northern Cyprus.
We will make professional photos of your property and publish it for sale in several languages.Your property will be visible in almost all countries of Europe.
If you give us your power of attorney we can also handle all the processes on your behalf. Our professional team will help you during this process. We will provide you with a smooth process.
Please call us for more information.
We will make professional photos of your property and publish it for sale in several languages.Your property will be visible in almost all countries of Europe.
If you give us your power of attorney we can also handle all the processes on your behalf. Our professional team will help you during this process. We will provide you with a smooth process.
Please call us for more information.
Electricity Subscription
In Northern Cyprus, having valid property insurance is required for utility subscriptions such as electricity and water. The insurance policy must be renewed annually.
Electricity is supplied by the local authority, and the subscription process is quick and straightforward. Our team assists clients throughout the process.
Required Documents for Electricity Subscription:
Electricity is supplied by the local authority, and the subscription process is quick and straightforward. Our team assists clients throughout the process.
Required Documents for Electricity Subscription:
- Valid property insurance policy
- Copy of the title deed
- Tax number
- Original passport and a copy
Water Subscription
Water in Northern Cyprus is supplied by the local municipality. When applying for a new water subscription, a subscription fee is required, which usually includes the cost of the water meter.
The application process is quick, and the water connection is typically completed within a short time. Our team assists all clients throughout the process.
Required Documents for Water Subscription:
The application process is quick, and the water connection is typically completed within a short time. Our team assists all clients throughout the process.
Required Documents for Water Subscription:
- Valid property insurance policy
- Copy of the title deed
- Occupancy permit (if applicable)
- Copy of your passport
Internet Subscription
The Internet is supplied by private companies in Northern Cyprus.
Internet companies provide your internet connection usually within two days.
The Karox Homes team will assist all our clients.
Required Documents for Internet Subscription:
Internet companies provide your internet connection usually within two days.
The Karox Homes team will assist all our clients.
Required Documents for Internet Subscription:
- Address of your property
- Residence permit document
