Schmidt & Schmidt provides extracts from the commercial register of Northern Cyprus with translation and legalisation.
The Turkish Republic of Northern Cyprus is a partially recognized state on part of the island of Cyprus. It is only recognized by Turkey. A number of states maintain informal relations with TRNC. The form of government is the presidential republic. The head of state is the president. Currency is Turkish Lira. The official language is Turkish.
The GDP of the TRNC is dominated by the service sector, including tourism (about 70%). In recent years, the economy has been growing dynamically. At the same time, it is highly dependent on Turkey. Turkey provides economic assistance to Northern Cyprus and only with its mediation can the TRNC perform export-import operations.
Although North Cyprus is mentioned by experts as offshore jurisdiction, it is not included in the official offshore lists of the EU, OECD because of its unrecognized status.
The legal system of the TRNC was formed under the influence of British and Turkish legislation.
The activities of commercial enterprises in Northern Cyprus are regulated by the Companies Act and other regulations.
Main legal forms of enterprises in Northern Cyprus
- Limited liability companies
- Branches of foreign limited liability companies
- International Business Companies
Also in Northern Cyprus can operate individual entrepreneurs. Banks, insurance companies and international banking units are allocated in a separate category.
Registration of companies in the TRNC takes place in several stages: the registrar’s office, the tax office and the chamber of commerce. Each instance maintains its own registries.
A significant part of company data is officially considered confidential in TRNC. This primarily concerns data on owners (shareholders) of companies.
Extracts from companies operating in Northern Cyprus are provided by the Turkish Cypriot Chamber of Commerce and Industry.
An extract from the register contains:
- company type
- company name
- management data
- official activities
- contacts (phone and email)
Search in the registry is paid. Search results are provided 3 to 5 working days after submitting a request.
- full company name
- incomplete company name and address
Information regarding the receipt of data from other registries should be clarified individually.
Some data may not be available or may be provided for a fee.
Taking into account its international status the Turkish Republic of Northern Cyprus has not joined the Hague Convention of 05.10.1961 establishing the procedure for the simplified legalization for documents by authentication by apostille. Therefore, documents from Northern Cyprus can be recognized abroad hypothetically after consular legalization. The most difficulties connected with recognizing the documents issued in Northern Cyprus they will be recognized entirely only in Turkey. Nominally, the Ministry of Foreign Affairs in the TRNC authenticates all documents issued on the territory of the Republic for their further consular legalization, however, in practice there may be problems due to the nonrecognition of Northern Cyprus. So the legalization procedure cannot be completed in most countries in the world. In fact, when trying to use documents issued by the TRNC outside the Republic and Turkey, there is a high possibility that the authorities refuse to recognize them (although, based on practice, in some cases, these documents can still be recognized, but it is impossible to predict clearly).
An extract from the Northern Cyprus commercial register can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- Register legal entities with foreign participation
- File claims
The data from the commercial register of the Northern Cyprus is provided in the form of a PDF-document with the translation. If needed, documents can be sent by post, in a notarised or apostilled form.
You can pay via bank transaction, PayPal or credit card.
You can order free preliminary availability check of required information on our website.
You can also order a notarised translation.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract||from 71,40 €||from 60,00 €|
|Price for an Extract with Legalisation without international shipping||from 714,00 €||from 600,00 €|