Investment in North Cyprus

North Cyprus is a popular destination for investment, thanks to its beautiful beaches, mild climate, and relatively low cost of living. The country offers a number of investment opportunities, including real estate, businesses, and government bonds.

Real Estate

The real estate market in North Cyprus is booming, with prices rising steadily in recent years. There are a wide variety of properties to choose from, including apartments, villas, and land. Investors can also take advantage of the government's guaranteed rental scheme, which provides a guaranteed income for up to 10 years.

Businesses

North Cyprus is a business-friendly country with a low corporate tax rate of 10%. The government also offers a number of incentives for foreign investors, such as tax breaks and grants. There are a number of sectors that are ripe for investment, including tourism, manufacturing, and agriculture.

Government Bonds

The North Cyprus government offers a range of government bonds with attractive interest rates. These bonds are a safe and secure investment, and they can provide a good source of income for investors.

EU nationals can buy real estate in North Cyprus without any restrictions, but non-EU nationals are only allowed to buy around one acre of land or one house or apartment. All expats buying property in NORTH CYPRUS Real Estate market must first apply for permission to buy a property at the Council of Ministers. Approval is usually granted, however, the process for obtaining it can take a while. That’s why it’s highly recommended to appoint a real estate lawyer in North Cyprus who can take care of the whole application process for you. Although a simple consultation with a lawyer will get you to learn about the specific requirements and documentation required for buying property in North Cyprus, anyone considering purchasing North Cyprus real estate will have to submit the following documents: Property details Current owner’s information and property contract The buyer’s current residence and income statement

There are a few steps that need to be placed on your checklist when you’re planning on how to buy property in NORTH CYPRUS Real Estate market. These are mainly the following: Reserve your desired property by placing a non-refundable fee to take it off the market for a period of time. Appoint a lawyer to help you navigate the legalities of your intended investment. Lawyer performs due diligence checks to confirm rightful ownership of the property, and transferability of the title deed. Draft and negotiate contracts of sale with the help of your lawyer. Apply for a reduced VAT rate of 5% for your primary residence. Register your Contract of Sale at the Land Registry Office. Apply for a permission to acquire immovable property in the Republic of North Cyprus. Complete your transfer of title deeds at the Land Registry Office.

Letoco

Letoco is a leading investment company that specializes in helping investors make the most of their opportunities in North Cyprus. We offer a wide range of services, including:

Property search and purchase

Business investment advice

Government bond investment advice

Visa and residency assistance

After-sales support

We are committed to providing our clients with the best possible service and helping them achieve their investment goals. Contact us today to learn more about our services and how we can help you invest in North Cyprus.

Benefits of Investing in North Cyprus

There are many benefits to investing in North Cyprus, including:

• Beautiful beaches: North Cyprus has some of the most beautiful beaches in the Mediterranean.
• Mild climate: North Cyprus enjoys a mild Mediterranean climate, with warm summers and mild winters.
• Low cost of living: The cost of living in North Cyprus is significantly lower than in many other European countries.
• Investment opportunities: There are a wide variety of investment opportunities available in North Cyprus, including real estate, businesses, and government bonds.
• Government support: The North Cyprus government is supportive of foreign investment and offers a number of incentives for investors.

Conclusion

North Cyprus is a great place to invest. The country offers a number of benefits, including beautiful beaches, a mild climate, a low cost of living, and a variety of investment opportunities. If you are looking for a safe and secure investment, North Cyprus is a great option.

Contact Us