Investment in Northern Cyprus
Kargar Investment Company with more than 18 branches in Iran, Turkey and Northern Cyprus is ready to provide the best investment proposals in Northern Cyprus and Turkey.
Investment in Northern Cyprus brings favorable financial returns due to its ideal geographical location and low cost of living. In addition, appropriate tax laws and government support for foreign investors are among the important advantages of this region.
Northern Cyprus or more correctly the Turkish Republic of Northern Cyprus is a country located in the south of Turkey, whose capital is Lefkosha. The people of Northern Cyprus speak Turkish. The currency of this country is the Turkish lira, but other currencies such as US dollars, Euros and British pounds are accepted in all stores.
The native population of Northern Cyprus is about 300,000 people, and the number of immigrants is almost the same. The island of Cyprus is located between the three continents of Asia, Europe and Africa. The low cost of living in this country has made many European citizens prefer to choose Cyprus for vacation.
In addition to the cost of living, the Mediterranean climate, natural beauty, historical places and the existence of international universities have made North Cyprus host citizens of different countries.
Buying property in North Cyprus
The growing economy, many investment opportunities and favorable legal conditions have made North Cyprus a suitable land for investors. Most investors in North Cyprus invest in real estate.
There are more than 30 large international construction companies operating in North Cyprus, each of which has a professional resume in the construction sector.
One of the advantages of investing in North Cyprus is the laws related to territorial integrity. Investors in North Cyprus property own 100% of their property and unlike some countries that have strict rules for selling and renting property to other nationalities, North Cyprus allows home buyers to sell the property to any nationality at any price. Also, there is no limit from the government for the time to sell the property.
Buying a property in North Cyprus is an exceptional opportunity to invest in North Cyprus and travel to an island full of natural and historical attractions. From its calm beaches and blue waters to its spectacular scenery and rich culture, this attractive spot in the Eastern Mediterranean has attracted attention for property purchase and investment.
Studio units in North Cyprus are without bedrooms. These units are available in sizes of 30 to 50 meters, which can be a good option for people who want to invest with smaller amounts. Due to the high acceptance of studio units by small families, manufacturers always offer this type of units in their projects.
1 bedroom and 2 bedroom units in North Cyprus are among the most popular units for families with small children or who prefer a larger home space than studios. The size of one-bedroom units in North Cyprus can be from 50 to 80 meters, and for 2-bedroom units, it can be from 70 to 120 meters.
Beach villas and apartments in North Cyprus can be chosen in different sizes, which have different prices according to the facilities of the project, the builder and the construction area. One of the characteristics of North Cyprus real estate is the facilities available near the projects. Large projects in North Cyprus all benefit from facilities such as swimming pools, green spaces, gyms, hydrotherapy centers, etc.
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Since 2003, Northern Cyprus has decided to have more interaction with the countries of the world. The economy in which the tourism industry plays an important role these days has been able to bring in many foreign investors so that it can achieve its visions and goals with their help. There are also news about the existence of oil and gas mines in Cyprus, which can be a trump card for the economy of Cyprus.
North Cyprus is a popular destination for tourists due to its natural and historical attractions. The tourism sector plays an important role in the economy of this region and attracts thousands of tourists every year. Prestigious international universities have attracted many students from all over the world. The service industry, especially in the tourism and education sectors, has contributed to the economic growth of Northern Cyprus. Also, the strategic geographical location of this region has provided good business opportunities.
In Northern Cyprus, the minimum monthly salary for workers in 2024 is around 24,000 Turkish Liras. Also, the minimum monthly salary of civil servants reaches 34,430 Turkish Liras. The cost of living in this country is approximately 7000 lira per month. The amount of salary varies depending on the type of job and the person’s skills, and some jobs are paid in foreign currencies such as pounds, dollars, and euros.
One of the ways to immigrate to North Cyprus is to start a business. Company registration is required to start your business in Cyprus. According to LAW CAP 113 regarding the registration of companies in North Cyprus, at least 2 people are required, one of whom is a Cypriot. The minimum capital to register a company in North Cyprus is $100,000, which must be deposited in one of the banks in North Cyprus.
The cost of living in North Cyprus, like any other country, consists of housing costs, food costs, clothing costs, health costs, entertainment costs, and transportation costs. The costs mentioned in North Cyprus are very similar to Türkiye. Of course, it should be noted that the cost of housing and car is calculated in British pounds.
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Education in North Cyprus (schools and universities)
Every year, a large number of international students choose North Cyprus universities to continue their studies. The low tuition fees of universities, the possibility of scholarships, study in English and joint cooperation with European universities are the reasons for this choice. The good news for families who want to immigrate to North Cyprus for their children’s education is the possibility of free education up to the diploma level in North Cyprus.
Northern Cyprus schools
Schools in North Cyprus are divided into public and private schools. It may be thought that public schools do not provide enough facilities for children’s education, but this belief is generally wrong. The small population of Northern Cyprus means that public schools are of good quality. Public schools in Northern Cyprus are free and private schools charge a fee for one-year education, which is different for each school and each level.
- List of public schools in Northern Cyprus
- Canbulat Secondary School
- Alasya Primary School
- Karakol Primary School
- Nimik Kemal Lisesi
- Bekirpasha Lisesi
- Shehit Ikerkarter
- Marif
- Çanakkale Ortaokulu
North Cyprus universities
North Cyprus universities have a very good academic level. The existence of universities that offer courses up to the doctorate level has caused a large population of young Cypriots to be educated to high levels and the student population in Northern Cyprus is high. The universities of Northern Cyprus provide young people with the opportunity to continue their studies in English and Turkish.
List of universities in Northern Cyprus
Among the universities of North Cyprus, the following 6 universities are more popular. These universities are of interest to many international students due to the presence of outstanding professors, different fields of study, global ranking, and the possibility of studying in English.
| university name | highest rank | Language | European ranking |
|---|---|---|---|
| Eastern Mediterranean | PhD | English | 629 |
| Near East | PhD | English | 790 |
| Cyprus International | PhD | English | 1549 |
| European Lefke | PhD | English | 1790 |
| University of Kyrenia | Master's | Turkish and English | 2200 |
| American Girne | PhD | English and Turkish | 1329 |
