Tax benefits of investing in North Cyprus
With its stunning natural attractions and strategic location on the Mediterranean Sea, Northern Cyprus has become a popular destination for international investors. This region has provided a suitable platform for economic growth and wealth creation by providing diverse and unique tax incentives. In this article, we at Zahouriyan Investment Company will comprehensively review the tax benefits of investing in North Cyprus and show why this region is known as an investors’ paradise.
1. Low corporate tax rate: an attraction for businesses
Northern Cyprus offers one of the lowest tax rates in Europe, with a corporate tax rate of just 10% for companies with an annual turnover of less than €200,000. This low tax rate encourages companies to invest in this area and start new businesses. This is a golden opportunity for rapid growth and development, especially for young entrepreneurs and startups.
2. Attractive tax exemptions: increasing profitability
One of the most important benefits of investing in North Cyprus is tax exemptions. For example, the profit from the export of agricultural products is tax-free for up to 5 years. These exemptions, especially for businesses active in the production and export sectors, help to increase profit margins and attract more capital. Next, one of the services of Zahourian Investment Company is investment services in North Cyprus, and if you are looking for investment in North Cyprus, the investment company will undoubtedly be an attractive choice for you! You can get more information about these services by visiting our investment services page!
3. The 90 Day Tax Rule: An Opportunity for International Entrepreneurs
Another important incentive in Northern Cyprus is the 90-day tax law, which allows foreign entrepreneurs to operate their business without paying income tax for 90 days after entering the country. This exceptional opportunity helps investors strengthen their business foundations by assessing the market and building local connections.
4. Value Added Tax (VAT) exemption: reducing costs
North Cyprus offers another important tax advantage by offering exemptions or discounts on value added tax (VAT) for certain items and services. These exemptions can significantly reduce the operating costs of businesses and help increase profitability.
5. Investing in real estate: tempting tax breaks
Investing in real estate is one of the most popular areas of investment in North Cyprus. This area encourages investors to purchase and develop properties by offering attractive tax breaks. For example, property buyers in Northern Cyprus can benefit from a 5-year tax exemption on their capital gains, which helps increase profitability and reduce investment risk. Also, one of the services of Zahouriyan Investment Company is to provide property purchase services in North Cyprus. These services are performed by our skilled experts, and you can get a free property purchase consultation by visiting our North Cyprus property purchase services page.
6. Political and economic stability: a safe platform for investment
One of the most important factors attracting investors to North Cyprus is the political and economic stability of this region. In recent years, North Cyprus has been able to gain the trust of investors by creating a stable and safe environment. This stability provides a suitable basis for long-term planning and large investments.
Political and economic stability: a safe platform for investment
7. Access to global markets: a bridge to the European Union
With close ties to the European Union, Northern Cyprus gives investors access to global markets. This access provides unique export and trade opportunities and creates new horizons for the growth and development of businesses.
8. Expert advice: a smart step towards success
In order to benefit from the maximum tax benefits of investing in North Cyprus, it is necessary to consult with experts and experienced consultants in this field. These people will pave the way for your smart and targeted investment with full knowledge of rules and regulations.
9. Tax exemptions for investing in the stock market
Investing in the North Cyprus Stock Exchange has also provided a suitable opportunity for investors by providing efficient tax exemptions. For example, the profit from investing in the shares of companies registered in the stock market of this country will be exempt from tax. These exemptions are a strong incentive to invest in the stock market and boost the capital market of Northern Cyprus.
10. Supporting investment in research and development
In order to encourage investment in research and development, Northern Cyprus has considered attractive tax breaks for this sector. These exemptions include research costs, researchers’ salaries, and intellectual property taxes.
Supporting innovation and creative ideas is one of the obvious benefits of investing in this country.
11. Obtaining a work permit: an opportunity for professionals and entrepreneurs
Northern Cyprus seeks to attract professionals and entrepreneurs from around the world by offering tax incentives for obtaining work permits. These incentives include income tax exemptions as well as living allowances. recruitment of labor Maher and expert play a key role in economic prosperity and sustainable development of this country.
12. Investment in tourism: attractive tax exemptions
The tourism industry is one of the main pillars of the economy of Northern Cyprus. For this reason, the government of this country has considered attractive tax exemptions for investment in the tourism sector. These exemptions include hotels, restaurants, entertainment complexes and other tourism-related infrastructure. The prosperity of the tourism industry, in turn, will create new job opportunities and increase income for the residents of this area.
13. Preservation of privacy of investors
Northern Cyprus respects the privacy of investors. The laws of this country are designed in such a way that the financial and identity information of investors remains completely confidential. This brings security and peace of mind to investors and encourages them to invest in this area.
14. Ease of carrying out investment processes
The government of Northern Cyprus has taken significant measures to facilitate investment processes. Administrative bureaucracy has been minimized in this country and investment rules are clearly communicated to investors. This has made investing in North Cyprus an easy, fast and low-cost process.
Ease of carrying out investment processes
15. Young and educated workforce
Northern Cyprus has a young and educated workforce, which is a great advantage for investors. These motivated and creative people have the necessary potential to participate in various economic activities. Access to skilled and efficient workforce plays a key role in the success of any business. Finally, if you are looking for information about working conditions in North Cyprus, you can visit our North Cyprus working conditions page.
16. Appropriate infrastructure for investment
In recent years, Northern Cyprus has invested significantly in the development of its infrastructure. Among these infrastructures, we can mention the modern transportation network, advanced communication systems, as well as well-equipped ports and airports. These infrastructures have provided a suitable platform for attracting foreign investors and developing businesses.
In conclusion, North Cyprus has become one of the most attractive investment destinations in the world by offering a wide range of tax benefits and creating a favorable investment environment. By combining low tax rates, attractive exemptions, political and economic stability and access to global markets, this region has created a golden opportunity for enthusiasts!
