• INFORMATION ABOUT NORTH CYPRUS
• WHY TO INVEST IN NORTHERN CYPRUS?
• WHERE TO INVEST AND BUY IN NORTHERN CYPRUS?
• WHAT DOCUMENTS ARE NEEDED TO BUY?
• WHAT TO DO AFTER BUYING ?
• SCHOOLS AND UNIVERSITIES
• RESIDENCY PERMIT PROCEDURE
• INSURANCE AND HEALTH

Brief Information on Northern Cyprus

Cyprus is the third biggest island in the Mediterranean after Sardegna and Sicily. It is 9251 km2 while North Cyprus is 3242 km2 .. The capital city is Nicosia which remains the only city in whole Europe which is still divided.  Cyprus is considered the birthplace of Aphrodite , based on the legend she was born in the Mediterranean waves in Cyprus…

The Turkish Republic of Norhern Cyprus has been declared in 15/11/1983 as an independent state, today recognized by Turkey.  It has a population of around 400,000 people. The formal language is Turkish and Turkish lira is the main currency.

The island was under British colony until 1960’s , so the traffic is from the left as in the UK.

M ...

Forbes, one of the world’s leading economics magazines, published an article in which investment ranks first in Northern Cyprus ..

According to 2021 Global Property Survey, properties that have 2 bedrooms, two bathrooms, and are around 70-100 square meters, ideal for investors and retirees, near the sea,would be best bought  in Iskele Long Beach and this was announced as in the first place in the ranking.

Iskele Longbeach is just for you if you want to buy an affordable property with high rental income in Cyprus, the pearl of the Mediterranean.

Another great advantage is that you can make your contracts in dollars, euros or sterling.

Recently, investment with crypto currency has been on the rise in the world. 1 bitcoin has exceeded the average limit of 50000 dollars. Accordingly, you can pay for an investment flat with 1 Bitcoin. Many construction companies we work with accept your payments as bitcoins and you can also conve ...

The Karpaz Peninsula and the golden beach are among the first things that come to mind when Northern Cyprus and nature are mentioned. So what makes the Karpaz peninsula so special? First of all, the Golden Beach, located on the Karpaz Peninsula, is under protection .. It is the favorite of Northern Cyprus with its clear water and white sand that does not resemble the Caribbean .. This beach is under protection and is home to the Caretta Caretta turtles that come to spawn in the summer months ..

In addition, the area known as the Karpaz National Park is under protection and is home to the Karpaz Donkeys. If you go here, we say don’t pass without giving them apples.

Another of the biggest symbols of this region is the Apostolos Andreas Monastery. Located at the easternmost end of the island known as Victory Point, this monastery is a sacred place built in accordance with the Orthodox beliefs. The oldest architectural units of the monastery complex XIV. It is the closest point to the sea, belonging to the Lusignan period in the 21st century. Known as t ...

İskele District is one of the 5 districts of the Turkish Republic of Northern Cyprus. Its area is 774 square kilometers. İskele

İskele is settled at the joint point of Famagusta-Karpasia main road and Ercan-Karpasia Main road. It is well known with its coastline in which the green dances with blue harmoniously.
The district’s name was Trikomo until 1974 and it is still termed with this name by numerous people. At 1974 Cyprus Peace Operation, Larnaca Turkish Community had immigrated from South to North and they were settled to this coastline, and from that date, the region was named as İskele.
As from 1st of June, district number in TRNC was increased from 3 to 5, and İskele was declared as a district. There are 43 accommodation units in İskele. The population of the district is 20.245. Inhabitants make a living by tourism, civil services, labor, farming, fishing and crafting.

İskele city is advantaged by its location, open to improvement and it embodies various tourism and small industrial areas. İskele Boğaz, is well known by the tourists with its coastline, tourist f ...

HOW IS THE NORTHERN CYPRUS TAX SYSTEM?

The earnings of all capital companies and other corporations specified in the Corporate Tax Law are subject to Corporate Tax. Institutions whose legal centers or business centers are within the borders of the TRNC are subject to a 15% Corporate Tax on the earnings they earn both in the TRNC and in foreign countries. Foreign institutions whose legal centers and business centers are not located within the borders of TRNC are only taxed at a rate of 15% on the corporate earnings obtained from the TRNC.

Foreign transport institutions dealing with air transport are taxed at a rate of 36% over the corporate income determined by applying an average equivalent rate of 5% to their revenues, and the military transport institutions dealing with land and sea transport are taxed by applying an average equivalent rate of 10% to their revenues. They are subjected to tax on the corporate income they will have. The earnings obtained from the activities of enterprises with separate legal entities registered in the TRNC, which invest in the purpose of operating h ...

The Director of the Immigration Department or, in the event of absence, a senior manager in the Ministry authorized by the Minister shall grant a Permanent Residence Permit to foreigners who have purchased a house in the Turkish Republic of Northern Cyprus and have a guaranteed income and have obtained a permit for at least six years without interruption, provided that they comply with the conditions set forth in paragraph (2) below.

Having a guaranteed income that will provide for oneself and one's family in the Turkish Republic of Northern Cyprus,

Owning a house in the Turkish Republic of Northern Cyprus, For the purposes of this article, "house" means a house worth at least €125,000 (One Hundred and Twenty Five Thousand Euros) or its equivalent.

Not to have one of the contagious diseases that pose a danger to public health, as determined by the Ministry Responsible for Health Affairs,

Not to have been sentenced to imprisonment in any country other than traffic crimes or not to have been convicted of money laundering, smuggling, bribery, bribery, theft, fraud, s ...

PROCESS OF THE RESIDENCE PERMIT FOR FOREIGNERS WHO POSSESS IMMOVABLE PROPERTY IN THE T.R.N.C

Foreigners who possess immovable property in the TRNC may be granted 1 year renewable residence permit for the first 3 years and thereafter two years renewable permit provided that they have obtained the title deeds registered to their names.

CRITERIA FOR RESIDENCE PERMIT FOR FOREIGNERS WHO POSSESS IMMOVABLE PROPERTY IN THE T.R.N.C

He/she must possess a house suitable for residence that is currently being used for this purpose.

If the title deed of a dwelling is divided into more than one share and one of the shareholders has been issued a short-term residence permit in accordance with this paragraph, no short-term residence permit shall be granted to another shareholder for the same dwelling.

In the event that the immovable property has been purchased through concluding a contract, it is require ...

Attention  Turkish Citizens living in Germany and make their investments in Turkey! Germany’s government is requesting information from other countries and from Turkey about their financial informations. As a result of the emergence of the assets of the person who hid it in the declaration of goods, although it is the assets in Turkey, problems will be experienced. German government gave 30 September as a last date for declaring Estates bought in Turkey.

Additionally,  in recent years, companies and institutions cannot receive their receivables, so German government is requesting all assets, immovable property informations, and rental income from Turkey and as Turkey refused to give such information, there will be definitely tensions between the two states.

However this is not the Case in North Cyprus.

Time to Invest in North Cyprus with Address Estate, with our team working within our company operating in Northern Cyprus, will provide you, our investors, the most accurate and profitable investment in this direction.

With real estate prices based on for ...

Cyprus is the third biggest island in the Mediterranean with a surface of 9251 km2 . While North Cyprus is 3242 km2 .

The island has a Mediterranean climate and generally is sunny during the whole year. The island of Cyprus having beautiful beaches and seasides is the main attraction for many tourists who come to visit as well as invest in Cyprus.

Language and Currency in North Cyprus

You can communicate easily in North Cyprus . The official language is Turkish however almost everyone speaks English and a second foreign language as Russian, German , Arabic or Greek. The main currency is the Turkish Lira. However British Pounds, US Dollars and Euro are currently accepted all over the shops.

Education in North Cyprus

Education in North Cyprus is highly appreciated and currently we have total of 18 universities from which 4 of them are foreign universities. We have 1 local vocational high school. Almost all cities have colleges which use the European Standards of Education by teaching Cambridge and Edexcel cour ...