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    Guide for Investors

    GENERAL COUNTRY INFORMATION

    GENERAL COUNTRY INFORMATION 1.1. Geography and Population Cyprus is situated in the Eastern Mediterranean Sea, at the hub of three continents where the trade routes intersect. It is the third largest island in the Mediterranean Sea after Sicily and the Sardinia.The total area of the island covers 9,251 square kms. The area of the Turkish Republic of Northern Cyprus (TRNC) is 3,242 square kms. The nearest neighbouring …

    FREE PORT AND ZONE

    FREE PORT AND ZONE The Government of the TRNC is keen to encourage foreign capital investment, either in the form of joint-venture or independently, through capital commitment or introduction of improved technology in all sectors. The Magosa Free Port and Zone covering an area of 115 acres offers foreign investors excellent opportunities for transit trade as well as manufacturing opportunities for middle-east and near-east countries. The Free Port …

    FOREIGN INVESTMENT POLICY

    Encouragement of foreign investment is among the primary objectives of the Turkish Republic of Northern Cyprus’ development policy. Consequently those wishing to invest in the Turkish Republic of Northern Cyprus can be sure of a positive Government attitude. In accordance with its development policy Northern Cyprus is giving preferential treatment to exportoriented industries. Due to its small domestic market the TRNC authorities focus on export of …

    Buying Property

    The Cypriots in North Cyprus have the right to purchase any amount of properties. A foreign citizen is allowed to purchase only one object or a plot of land with an area of ​​5 donums. The buyer of real estate becomes a full owner only after transferring the title deeds to the buyer’s name. For doing this it is necessary construction is completed, the …

    Permission for Property purchase

    According to the laws of the TRNC a foreign citizen has the right to purchase one apartment or villa in North Cyprus. To purchase several real estate objects you need to register them for a commercial organization or for another person. After making the decision about buying the property, you need to find a lawyer who will prepare a contract and an application for …

    Economy

    Tourism is the main area in the economy of North Cyprus. Approximately 70% of the state’s gross domestic product consists of activities related to tourism services, trade, and casinos. Prices in the TRNC are lower than in the Southern part, so it is quite possible to buy real estate here and live. However, due to the fact that the Turkish Republic of Northern Cyprus …

    Benefits

    Life in Cyprus is 300 sunny days in a year, the Mediterranean sea, a wealth of vitamins, the most beautiful nature. Many people choose this area not only for recreation, but also for permanent residence, because life here is calm and Cypriots are kind and friendly. This article lists the main advantages and strengths of North Cyprus, which attract tourists and immigrants. 1. Cyprus …

    International status

    The Turkish Republic of North Cyprus is accepted as an independent state only by Turkey, Abkhazia and Azerbaijan. There is a TRNC embassy in Turkey, there are informal representative offices of the TRNC in some countries. The Gambia and Paraguay also expressed a desire to accept the TRNC. The Cyprus union plan of UNO (Annan Plan) proposes to form a bi-communal and bizonal state …

    Investing

    Investments in real estate – is investing money in a ready or under construction property in order to get income in the future. There is always demand for property because accommodation is a necessity for every person. The main types of income from real estate: passive – from giving for rent, and speculative – from resale. Investing in real estate carries significantly less associated …

    Property

    The Turkish Republic of North Cyprus is the region with a picturesque nature, sea and sun during the whole year. Lately it is becoming more attractive for investments. The construction in North Cyprus develops at a rapid pace. Property market suggests a wide spectrum of different properties for any taste and purse. The lack of economic crisis like in South part of the island …

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