Investment in Northern Cyprus
Northern Cyprus is one of the most magical places in the world and is known as the fifth safest country in the world. By travelling to this safe and beautiful Mediterranean paradise with golden sand beaches and unique nature you will be able to visit a series of 10,000-year-old historical monuments and wild and untouched nature. Due to its high social security and economic stability, Cyprus has become an important place for investment. Cyprus Island is the third largest island in the Mediterranean after Sardinia and Sicily. Northern Cyprus has the most amazing Mediterranean beaches, real estate prices are very reasonable and this country has a clear economic outlook.
This island is very popular among property buyers and will definitely have a bright future as a destination at the intersection of East and West for people to vacation from all around the world. Cyprus includes spectacular landscapes, charming villages and kilometers of unique coastline, and you are able to purchase a property in almost every part of Northern Cyprus.
Northern Cyprus is the most beautiful part of the island. Having several hundred kilometers of pristine beaches along the coastline, old olive trees, eucalyptus and the indescribable beauty of the mountains covered with pine forests, the Island attracts foreign buyers. The foreigners are attracted not only for the beautiful perspective, but also for the reasonable price of the property and variety for every taste.
Purchasing property is always a profitable investment in the island. For some people, having a beach house is considered a place for family vacations, and for others, it will be a comfortable and enjoyable place to live in. Necessary factors such as geographical location, nature and environment play an important role in making a decision regarding investment or purchase of a property.
Developed Scientific Systems in Northern Cyprus
Since Universities and the educational system have significantly grown and developed, the construction has progressed a lot and the demand for investment in the housing sector has increased these years.
The stable currency of Pound guarantees investment security in Northern Cyprus
The currency used to buy all kinds of real estate and all motor vehicles is the British pound, which is the most valuable and stable currency in the world. Obviously, the housing growth rate is in pounds, which has attracted the attention of investors. The currency used for daily expenses is the Turkish Lira, specifically increases the purchasing power of citizens.
The quick return of investment in Northern Cyprus is one of the most important advantages of this country compared to other neighboring countries such as Turkey and Europe. The rate of return on investment in Northern Cyprus is about 10-12 years, provided that this amount reaches about 20 years in Turkey and European Countries. Which means that Main amount of money the buyers and investors own during this period of time will depend on the type of return investment.
Northern Cyprus is an investment paradise in the Eastern Mediterranean
Considering the high number of tourists, foreigners and the significant population of students in Northern Cyprus, there is always a high demand for short and long-term rental housing, which gives peace of mind to investors in the real estate sector. Also the fact that Northern Cyprus provides a high added value in the real estate sector and attracts many international investors from all around the world.
Reasons why investing in Northern Cyprus is worthwhile
Return on investment with a high interest rate
Low rate of bank fees and low income-tax
Ease of investment and administration procedures
Ease of transferring money
High economic stability and financial security
Granting residency to the investor’s family without investment restrictions
Very high security and peace, a suitable environment for upbringing and future of children by studying in the best schools and universities
High purchasing power, compared to developed and the first world countries
Very low crime rate
A very pleasant Mediterranean climate with more than 320 sunny days per year
Expectation for 250% growth of Northern Cyprus properties in case of peace agreement:
The possibility of making peace between North and South Cyprus has caused investors from all around the world to take a special glance at Northern Cyprus because in such case, the price of properties will grow 2.5 to 3 times and on the other hand, the country will become a member of the European Union.
If the peace negotiations between North and Southern Cyprus are successful in the United Nations, Northern Cyprus will become a part of the Republic of Cyprus. The experts predict that in this case the real estate prices will increase 2.5-3 times.
Moreover, the property price in Southern Cyprus is up to 2.5 times more than Northern Cyprus, Since the peace negotiations between the two Cyprus’s have been going on for a long time, this agreement is really imminent. Therefore, a great opportunity for people who invest in Northern Cyprus will be provided.
Initial actions to invest in Northern Cyprus
Real estate Investing in Northern Cyprus has been a hit with non-Cypriot Europeans. Since the British came to power as the colonial rulers of Cyprus in the 1890s, British culture cannot be ignored in Cyprus. Cars drive on the left side of the road, English is an official language, all road and traffic signs are in English as well as Turkish (in Northern Cyprus). British pound bills are accepted in all shops and restaurants and all properties are priced in pounds sterling. Today, modern Northern Cyprus is considered as a thriving and emerging real estate market and other banking and business investments. Property prices in Cyprus will increase significantly in the near future.
Investing in Northern Cyprus will allow foreigners to stay legally for more than 3 months. Before you can get a residence visa, depending on the purpose of your trip, you must obtain an entry visa, such as a student or work visa. You must get a visa in your country of residence and apply for a residence permit after arrival in Cyprus.
Investing in Northern Cyprus offers a new opportunity to every expat. By investing in Cyprus, you can get permanent residence visa in this island. The advantages of staying on this island are extraordinary. You must know that one of the best and fastest ways to get an EU passport is to invest in Northern Cyprus. People who are looking for buying apartments and properties in the European Union can invest in Cyprus.
In general, we should be aware that investing in Cyprus is known as one of the smart approaches for obtaining residence visa. In case you invest in Cyprus, you will own the right to reside in any of the European Union countries. By having the residence visa of Cyprus, you can travel to 173 countries around the world without a visa. In fact, investing in Northern Cyprus is reliable and has a low cost. The VAT rate in Cyprus is low. By investing in Cyprus you will receive a property tax exemption. If you are looking for the opportunity to acquire dual citizenship, it is better to invest in Northern Cyprus.
The possibility of working, living and studying in any part of the European Union will be provided by investing in Northern Cyprus. The investment process in Cyprus is very simple. You won’t go through a lot of difficulties during this process. Buying bonds is one of the best investment methods in Northern Cyprus. Also, you can invest in this island by entrepreneurship, company registration and purchase of property in Cyprus and other methods.
How to make a principled and legal investment in Northern Cyprus
To invest in Northern Cyprus, you need to know the procedure well. Investing in this island is considered as one of the best ways to obtain residence visa. In order to immigrate, you must know that you will perform a low-risk investment in Northern Cyprus. When investing in Northern Cyprus there is a risk to consider, the risk of property confiscation and expropriation. The host government announces the risk of expropriation.
Therefore, this risk and important events of sanctions must be analyzed. Paying attention to influential economic indicators is one of the most important procedures in investing in Northern Cyprus. For this reason, you must investigate basic factors such as taxes, bank interest rates, etc. when investing in Cyprus. Investing in Northern Cyprus will lead to more development and economic growth. Therefore, all factors of investment in this island should be checked out in terms of profitability. In order to obtain a Cyprus passport by investing in Northern Cyprus, you need to invest 3 thousand euros.
In this procedure, people cannot work, but they must show that they have a monthly income in the abroad country. In fact, if you want to invest in Northern Cyprus by purchasing real estate, you must consider the rules applied in this method. You will be able to invest in Cyprus by registering a company. You must be aware that in this method you need to benefit the expert’s opinion. Another method for investment in Northern Cyprus is entrepreneurship. If you have special expertise and experience, you can invest in Northern Cyprus.
Having many opportunities for profitable investment, the Republic of Cyprus attracts foreign investors. The local government has put a lot of energy into attracting foreign investors, placing Cyprus in the 13th place in the list of countries with the best business climate. If you aim to invest in the local economy in order to get the maximum benefit, we suggest you check the best investment projects in Northern Cyprus, as well as their pros and cons. Investment options in Cyprus are as follows:
- Science and Technology Park: Buying real estate in Cyprus and foreign exchange transactions are the distinguished methods among the various ways of profitable investment. However, many investors prefer to invest in innovative ways. The largest science and technology park in Northern Cyprus was established in 2016. This park offers a wide range of investment projects related to different fields of scientific activities. You can invest in both the latest developments and the construction of the park itself. By choosing the best investment projects in this field, wealthy foreigners receive significant rewards from the Cypriot government. The advantages include obtaining patents, buying shares in innovative start-ups, receiving pre-employment and tax benefits.
- Privatizing state-owned companies: The best investment projects in Cyprus include the commercialization of the port of Limassol and the privatization of CYTA, a telecommunications service provider. There are also other offers for foreigners and wealthy businessmen.
- Bank deposits and investments in Cyprus: The credit system in Cyprus is still unregulated and offers interesting opportunities to potential investors.
- Purchasing property: The best investment projects in Northern Cyprus have been traditionally concentrated in the construction industry. There is a high demand for direct investment in real estate. Most projects are implemented for the tourism industry. However, there are significant projects for residential and commercial real estate in Cyprus. Return on investment varies from 4 to 6 percent per year. When choosing this investment option in Northern Cyprus, it is necessary to remember some related problems. Choosing a reliable tenant and additional costs to maintain proper technical conditions can be challenging. However, if you decide to buy a property in Cyprus and entrust its rental and management to a professional team, the risks of financial losses and unforeseen obstacles will be minimized.
Documents required for investment in Cyprus
To invest in Northern Cyprus, you need to provide identity documents, valid passport, job resume, temporary residence permit and Police Clearance certificate. The temporary residence visa application form must be completed and signed. Police clearance certificate, issued in your country of residence within the last six months. A copy of the relevant pages of your passport: personal information, expiry/issue date, previous visas are the documents you need in order to invest in Northern Cyprus. Also, if you are investing by purchasing a property, you must hold the property purchase document and contract. In order to investigate the visa, you must have 210 euros in your bank account. To check the visa application for a family of three, it is necessary to provide 110 euros to Cyprus State Financial Fund and Cyprus Land Development Authority for investment in Northern Cyprus.
Expenses for Investment in Cyprus
The cost you pay to invest in Cyprus depends on different factors. In general, you must know well that the cost of each investment method in Cyprus is different. In case you aim to register a company in Cyprus, you have to pay a different fee depending on the type of company and the company’s services. If you want to invest in Cyprus by buying a property, you should consider the cost of buying a property.
In fact, the cost of buying a property in Cyprus will be determined based on the type of property, the area and the location of the property. If you do not have much information about the cost of investing in Northern Cyprus, it is better to consult with professionals and experts in this field. Experts working in immigration centers will explain to you all the investment tips in Northern Cyprus.
One of the most efficient ways to secure investment in Cyprus is to obtain Cypriot citizenship. You can apply for a local passport through citizenship that lasts 7 years or by investing 2,000,000 euros or more. When choosing the best investment projects in Northern Cyprus, you and your family members can get local citizenship within 6 months. There is no need to renew the Cypriot citizenship and is not subjected to disclosure. By owning bank or business accounts in the Republic of Cyprus, you can count on the confidentiality of your assets. A Cypriot passport allows you to live and work in the European Union, as well as traveling to 120 countries that are part of the Schengen area without requiring visa. To obtain citizenship, you must invest at least 2,000,000 euros in one of the following categories:
- Buying property in Cyprus.
- Establishing or purchasing a business.
- Investing in alternative investment funds.
- Buying bonds and other securities.
If you are investing in a business, you must purchase a property in Cyprus worth at least €500,000,000 to obtain citizenship. To obtain Cypriot citizenship, you need to invest €2.0 million in real estate, plus €100,000 in the Government Research and Development Fund and €100,000 in the Land Development Authority. Within only 6 months after such investment in Cyprus, the individual and the investor’s family will be granted the citizenship.
Investing in Northern Cyprus by buying property
One of the most practical ways to invest in Northern Cyprus is to buy a property. You can invest in Cyprus by buying property based on your budget. Notice that in order to buy a property for investment purpose in Northern Cyprus, you must check the type of property and the cost of purchasing the property. Each of the experts occupied in immigration centers will provide you with more detailed and complete information about investing in Northern Cyprus by purchase of property. If you buy the property you want in Cyprus, you can get permanent residence in this country. By obtaining permanent residence in Cyprus, you will benefit from lots of advantages related to the EU visa.
If you aim to invest in Northern Cyprus by buying real estate, you can consider buying a penthouse, a house or a villa. Real estate in Cyprus generates income through rental and subsequent resale. You can also use it for a comfortable stay or a family vacation.
How to make a principled and legal investment in Northern Cyprus
Having many opportunities for profitable investment, the Republic of Cyprus attracts foreign investors. The local government has put a lot of energy into attracting foreign investors, placing Cyprus in the 13th place in the list of countries with the best business climate. If you aim to invest in the local economy in order to get the maximum benefit, we suggest you check the best investment projects in Northern Cyprus, as well as their pros and cons. Investment options in Cyprus are as follows:
- Science and Technology Park: Buying real estate in Cyprus and foreign exchange transactions are the distinguished methods among the various ways of profitable investment. However, many investors prefer to invest in innovative ways. The largest science and technology park in Northern Cyprus was established in 2016. This park offers a wide range of investment projects related to different fields of scientific activities. You can invest in both the latest developments and the construction of the park itself. By choosing the best investment projects in this field, wealthy foreigners receive significant rewards from the Cypriot government. The advantages include obtaining patents, buying shares in innovative start-ups, receiving pre-employment and tax benefits.
- Privatizing state-owned companies: The best investment projects in Cyprus include the commercialization of the port of Limassol and the privatization of CYTA, a telecommunications service provider. There are also other offers for foreigners and wealthy businessmen.
- Bank deposits and investments in Cyprus: The credit system in Cyprus is still unregulated and offers interesting opportunities to potential investors.
- Purchasing property: The best investment projects in Northern Cyprus have been traditionally concentrated in the construction industry. There is a high demand for direct investment in real estate. Most projects are implemented for the tourism industry. However, there are significant projects for residential and commercial real estate in Cyprus. Return on investment varies from 4 to 6 percent per year. When choosing this investment option in Northern Cyprus, it is necessary to remember some related problems. Choosing a reliable tenant and additional costs to maintain proper technical conditions can be challenging. However, if you decide to buy a property in Cyprus and entrust its rental and management to a professional team, the risks of financial losses and unforeseen obstacles will be minimized.
FAQ
Return on investment with a high interest rate
Low rate of bank fees and low income-tax
Ease of investment and administration procedures
Ease of transferring money
High economic stability and financial security
Granting residency to the investor’s family without investment restrictions
Very high security and peace, a suitable environment for upbringing and future of children by studying in the best schools and universities
Very low crime rate
The best investment projects in Cyprus include the commercialization of the port of Limassol and the privatization of CYTA, a telecommunications service provider. There are also other offers for foreigners