Is it good to invest in North Cyprus?

Is it good to invest in North Cyprus?

In North Cyprus, investors and lifestyle property buyers have “the best of both worlds” – getting their property value fixed to a stable currency whilst also gaining a low cost of living (due to favourable exchange rates against the Turkish Lira), which makes eating out, shopping or furnishing a new North Cyprus …

Is Cyprus a good place to invest?

The geography of this island makes it an ideal geographic position for doing business with three continents. The location is one of the most important reason why you should invest in Cyprus. Cyprus is now the safest place in the world for countries with populations of fewer than 5 million people.

Can I sell my land in northern Cyprus?

It should be noted that even if the owner of a property did not receive title deeds, he still is the rightful owner of the property if his purchasing contract was registered in Land registry of Northern Cyprus and he can sell or rent his property.

What is the cost of living in Northern Cyprus?

THE COST OF LIVING IN NORTHERN CYPRUS

Restaurants Range
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 460.34 TL 292.68-796.88
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.77 TL 0.30-1.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 100.09 TL 75.00-150.00

How do I become a resident of North Cyprus?

A foreign national who was born in the TRNC or who came to the TRNC before his 18th birthday, should apply within two years of reaching 18 years provided his parents are TRNC citizens or have had valid Work or Immovable Property Residency permits for at least 2 years.

What is the best investment in Cyprus?

Best investment projects in Cyprus.

  • Investment options in Cyprus. Science and Technology Park.
  • Privatization of state enterprises.
  • Bank deposits and investment.
  • Purchase of real estate.
  • Asset protection as investor top priority.
  • Best projects for real estate investment.
  • Aurora Residences.
  • Venera.

How much tax do you pay in North Cyprus?

All residents in Northern Cyprus are subject to pay Personal Income tax. The Personal income tax varies from 10% to 37%. The lowest personnel income tax levied in Northern Cyprus is 10%.

Where do expats live in Northern Cyprus?

The two most popular towns for expats in the Kyrenia area are Alsancak and Esentepe. Both have big expat communities and many facilities around. In Alsancak, there is a national park with walking and running paths. It’s a great place for a relaxed morning walk.

Can I retire to northern Cyprus?

North Cyprus also offers a really relaxed life in retirement. Here you can spend your days by the pool or the beach, working in the garden or trying out different restaurants, going on a wine tasting or a spa day. But if you want to be active at the same time, there is absolutely a lot to do and get involved in.

How much is VAT on property in northern Cyprus?

5%
Currently the rate of VAT for property transactions is 5%. Your Contract of Sale document should state if the vendor requires payment of VAT on the sale price on the date of completion. Check with your solicitor. Capital Gains Tax.

Where do most expats live in northern Cyprus?

Is Northern Cyprus safe to live?

North Cyprus is one of the safest destinations in the Mediterranean. Crime levels are very low. It is safe to walk around even at night, people are very friendly and helpful.

Can I move to northern Cyprus?

North Cyprus Residence When entering the TRNC (the north), you are given 90-day permission to stay visa. However, if you decide to stay longer, you must apply for a temporary residence permit as soon as possible. Until you obtain a Permanent Residency, all residency visas are classed as “Temporary”.

How much does it cost to invest in Cyprus for citizenship?

The Cypriot Investment Program enables eligible applicants to obtain Cyprus сitizenship in just six months through property investment. It is the only direct citizenship program in Europe offering such a simple way of obtaining dual citizenship without residency requirements, with an investment minimum of €2,200,000.

How can I invest in Cyprus?

One of the most efficient ways to secure your investment is to obtain Cyprus citizenship….Asset protection as investor top priority

  1. Purchasing real estate in Cyprus*.
  2. Opening or purchasing a business.
  3. Investing in alternative investment funds.
  4. Purchasing bonds and other securities.

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