What is the Law regulating the Acquisition of Immovable Property in the North Cyprus by Aliens?
The details of this law are as follows: Law regulating the Acquisition of Immovable Property in the TRNC by Aliens (Cap 109) IMMOVABLE PROPERTY ACQUISITION (ALIENS) LAW REGULATING THE ACQUISITION OF IMMOVABLE PROPERTY BY ALIENS 1 This law is the Immovable Property Acquisition (Aliens) Law. 2 Some definitions cited in this law: alien means any person not being a Turkish Cypriot and includes an alien controlled company but does not include an alien native of Cyprus; alien controlled company means any corporation (a) where the majority of the directors are aliens; or (b) where the majority of the voting power is in the hands of persons who are foreigners, or who exercise their voting powers directly or indirectly on behalf of persons who are aliens; or (c) where the control is by any means in the hands of persons who are aliens; alien native of Cyprus means a- any person, not being a person who became a British Subject under the Cyprus (Annexation) Orders in Council, 1914 and 1917, born b
