Complete guide to investing in North Cyprus 2024

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Complete guide to investing in North Cyprus 2024

Investing in North Cyprus is attracting attention as one of the popular methods for people looking for profitable and safe opportunities in a country with economic stability. In addition to economic benefits, the possibility of obtaining permanent or temporary residence in this country through investment adds to its attractiveness.

An overview of investing in Northern Cyprus

Northern Cyprus has become one of the most desirable investment destinations due to its location in the strategic point of the region and having appropriate economic policies. In addition to easy investment conditions, this country also offers advantages such as low living costs, high security and tax exemptions.

Complete guide to investing in North Cyprus 2024

Investment conditions in Northern Cyprus

To invest in North Cyprus, it is necessary to submit documents and perform certain procedures. Having a valid passport, providing a work resume, confirmation of no criminal record, and a police clearance certificate from the country of residence for the past 6 months are among the necessary documents.

Investment methods in North Cyprus

There are two main ways to invest in North Cyprus:

Company registration: You can start your business by registering one of the types of companies in North Cyprus. The company registration process in this country is quick and easy and requires a capital of at least 40,000 euros.
Buying property: One of the most popular investment methods in North Cyprus is buying property in this country. In addition to earning profit by renting property, you can also get permanent residence in Northern Cyprus by buying a property worth at least 300 thousand euros.

Advantages of investing in North Cyprus

Investing in North Cyprus has many advantages, including the following:

Unemployment rate and low inflation: The economic stability of Northern Cyprus has resulted in a very low unemployment and inflation rate in this country.
Profitable conditions for starting a business: North Cyprus provides a suitable environment for starting and growing a business by providing tax exemptions and other facilities.
The possibility of obtaining permanent or temporary residence: investing in North Cyprus paves the way for obtaining permanent or temporary residence in this country.
High security: Northern Cyprus is considered one of the safest countries in the world with a very low crime rate. This makes investors feel at ease about the security of their investment.
Low cost of living: The cost of living in Northern Cyprus is significantly lower compared to many European countries. This issue can benefit investors and increase their profitability.
Access to international markets: Northern Cyprus, being located at a strategic point in the region, provides easy access to European, Asian and African markets. This issue creates many opportunities for exporting goods and services.
Developing infrastructure: The government of Northern Cyprus is investing heavily in the development of the country’s infrastructure, including roads, airports, and the transportation system. This is in favor of investors and provides the basis for further economic growth.
Young and educated workforce: North Cyprus has a young and educated workforce. This issue can solve the need of businesses set up in this country for skilled labor.

Investing in North Cyprus has many advantages, including the following

The possibility of obtaining the citizenship of Northern Cyprus: by investing in Northern Cyprus and meeting the desired conditions, it is possible to obtain the citizenship of this country after a limited period of time.

Disadvantages of investing in North Cyprus

Along with many advantages, investing in North Cyprus also has disadvantages that should be considered before making a decision:

Small domestic market: Northern Cyprus is a country with a small population, so its domestic market is not large. This can be challenging for some businesses that rely on internal customers.
Lack of proficiency in English: The official language of Northern Cyprus is Turkish, and many people in this country are not fluent in English. This can cause problems for people who speak English.
Lack of some jobs: In Northern Cyprus, job opportunities in industrial fields are limited. This can be challenging for people who specialize in these areas.

Comparison of advantages and disadvantages

Despite the mentioned disadvantages, the advantages of investing in North Cyprus significantly outweigh the disadvantages. Political and economic stability, tax exemptions, low living costs and the possibility of obtaining residency are among the things that make this country an attractive option for investment.

Obtaining residence by investment in North Cyprus

Investing in North Cyprus is one of the ways to obtain temporary or permanent residence in this country. There are two main ways to obtain residency through investment in Northern Cyprus:

Residence through property purchase:
Conditions: purchase of a property worth at least 300,000 euros in Northern Cyprus

Advantages:

Obtain permanent residence for yourself, your spouse and children under 18 years of age
No need for continuous presence in Northern Cyprus
The possibility of selling the property after 5 years
Residence through company registration:

Conditions:

Registering a company with a minimum capital of 40,000 euros
Employment of at least ten Cypriot personnel
Submit a valid business plan

Obtaining residence by investment in North Cyprus

Advantages:

Obtaining a two-year temporary residence for yourself, your spouse and children under 18 years of age
The possibility of extending the stay if the company is active
The possibility of obtaining permanent residence after 5 years
Things to pay attention to
In order to obtain residency through investment in North Cyprus, one must use the services of reputable immigration lawyers and consultants.
Before taking any action, it is necessary to fully understand The rules and regulations of residence in North Cyprus were informed.
The list of documents and procedures for obtaining residence may change, so you should always get the latest information from reliable sources.