10 Point Plan for the TRNC - Add your ideas:)

Moover321


Joined: 11/04/2009
Posts: 649

Message Posted:
25/12/2009 13:59

Here's an outline 10 point plan the TRNC could implement:



1. Draw a line under existing applications.



2. For all new applications (say from 01.01.10) remove the need for PTP. Just a bonafide security check for criminal record as in Canada or Australia would suffice.



3. Max time for Title Deeds 6 months.



4. Make it a criminal offence for anyone to lodge a mortgage application to a bank or other financial institution if the property is already sold and paid for. Minimum jail term 5 years plus a hefty fine.



5. Charge a new tax of say 10% on all sales and place in a trust fund for possible compensation to GC.



6. Remove the differences between TC / GC / Exchange land or property titles and between TC / Foreigners



7. Where planning permission is required streamline process so applications are dealt with within 6 month from date of application and ensure that no plans can be submitted before infrastructure is installed - water, electricity, sewage, roads.



Cont'd

Moover321


Joined: 11/04/2009
Posts: 649

Message Posted:
25/12/2009 14:01

Cont'd



8. Applications prior to 01.01.10. Create an investigation team to deal with issues raised.



9. Fast track any application (older) with a legal dispute with a maximum 6 months for reresolution through the courts. Set a target date for clearing all backlog of PTP and Title Deeds - say, maximum 1 year.



10. Prosecute those builders who have built without planning permission, failed to install infrastructure - water, roads, electricty fine and or prison sentence.



This is just an outline and I am sure many here can improve what I have said.



If implemented you will within a year or so restore some trust to the system, increase potential investor interest and remove the rogues who have plagued this beautiful part of Cyprus!



Is it too much to ask? Too radical?

JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
25/12/2009 15:09

Ah! You mean - a 10 point plan for ex-pat property problems!



What about a 10 point plan for the TRNC .

JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
25/12/2009 15:11

Bear in mind that ex-pats account for less than 5% of the population.

Moover321


Joined: 11/04/2009
Posts: 649

Message Posted:
27/12/2009 06:45

John-W:



I believe you will find that the property and construction industry accounts for over 30% of GDP and that affects everyone! One in 3 Lira is accounted for by this industry so it would be a little naive to say that it only affects expats who are less than 5%.



If I am not mistaken these changes would benefit ALL including many TC who have also been caught up with the various scams that some developers and others have resorted to! In the 2000/2001 period many TC lost their savings because of scams perpetrated by banks and others!



A better image for the TRNC in terms of its dealings with foreign investors would also benefit the entire community on the TRNC



Perhaps some people cannot or do not want to see the whole picture ?

Aslan


Joined: 23/06/2008
Posts: 757

Message Posted:
27/12/2009 10:23

To uphold every article in the constitution would solve a few problems, especially for Johnny foreigner.

LOvegod


Joined: 22/03/2009
Posts: 161

Message Posted:
27/12/2009 19:13

moover why didnt u become EU president ?

Moover321


Joined: 11/04/2009
Posts: 649

Message Posted:
28/12/2009 00:15

LOvegod:



I am sure you would have been the poeple's choice for EU President - pity you didn't apply for the part time job lol

Izzet



Joined: 01/12/2006
Posts: 920

Message Posted:
28/12/2009 01:06

Interesting set of ideas. I'd say it would boost the economy a lot and this is what TRNC needs the most nowadays..

Moover321


Joined: 11/04/2009
Posts: 649

Message Posted:
28/12/2009 13:18

I was hoping for some interesting ideas...maybe becasue it's Christmas and the fact we've been offline for a bit... But now the turkey is hopefully digested, the hangover is slowly disappearing over the horizon in time for New Year and the grey matter is sufficiently recovered - let's have some ideas

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
28/12/2009 13:26

Make TRNC the bootleg centre of the Eastern Med., tax and duty free. Flag of Convenience and off-shore banking centre.