Benefit from Special Incentive Programmes by Investing in the Turkish Republic of Northern Cyprus!

Benefit from Special Incentive Programmes by Investing in the Turkish Republic of Northern Cyprus!

The Turkish Republic of Northern Cyprus is one of the points that have become the centre of attention of many foreign investors from all over the world due to its location, living standards and rising values in the property market.

Cyprus offers many incentives and supports to its investors in many different sectors such as real estate projects and commercial investments.

So, if you have questions such as how the process is progressing in Cyprus or which investment is the right investment in Cyprus or if you have hesitations on the subject, this content is for you!

We examine the processes of becoming a foreign investor in Cyprus and the incentives offered by the state to the investor.

Let's start if you are ready.

 

Cyprus for Foreign Investors

One of the locations that offer living and investment advantages in the best conditions is undoubtedly the Turkish Republic of Northern Cyprus.

So much so that a research conducted by Forbes Magazine in recent years, the Turkish Republic of Northern Cyprus ranked first among the 5 countries where real estate investment can be made is the clearest proof of this situation.

Cyprus, of course, attracts investors in many ways.

Its location on the coastline, climate, developed tourism infrastructure, entertainment life, the number of students coming from all over the world to receive education and its friendly and cheerful people are among the biggest reasons why Cyprus is preferred by investors.

Of course, it is useful to add the economy to these reasons.

Real estate investments, one of the most preferred investment models, are also very popular in Cyprus...

Especially in the Turkish Republic of Northern Cyprus, the intense interest in housing projects and the increasing property values are among the biggest factors that enable the investor to make a profit in a short time.

It is just as easy to get a residence permit in Cyprus...

By coming to the Turkish Republic of Northern Cyprus and paying a down payment for the amount of the property, you can obtain the right of residence in Cyprus.

Incentives for Foreign Investors in Cyprus

Especially in Cyprus, which is privileged for investors who come from foreign countries to live in better standards and earn more, the state offers many incentive packages to support investors.

Just like in Turkey, in the Turkish Republic of Northern Cyprus, locals and foreign investors have equal rights and freedoms.

In other words, with an investment in Cyprus, the state offers you job opportunities on equal terms.

The types of incentives offered by the Turkish Republic of Northern Cyprus are as follows;

 

Investment Discount

Cyprus offers foreign investors an investment allowance of 200 per cent if they invest in sectors of priority importance in the country and 100 per cent in other sectors.

 

Customs Duty Fund Exemption

Cyprus exempts investors from customs duty on machinery and equipment to be imported.

 

Value Added Tax Application in Machinery and Equipment Purchases

It also applies Value Added Tax at the rate of 0 per cent on machinery and equipment purchases.

Land and Building Supply

When investors request immovable property from the state within the scope of new investments to be made in Cyprus, priority is given to the leasing of immovable properties to investors within the framework of certain procedures.

Exemption from taxes, duties, fees and all kinds of contribution fees related to construction licences

Investors are exempted from fees and all other payments related to the building licence.

Stamp Tax Discounts Related to Capital Increases

Foreign investors are provided with a discount on the stamp tax to be levied on capital increase requests.

 

Fee Reductions for Mortgage Transactions

Investors are provided with a discount within the scope of the determined fee payments in the mortgage transactions deemed necessary within the scope of loan applications.

Investors must have an incentive certificate in order to benefit from all these opportunities.

Cyprus, where the Mediterranean climate prevails, is one of the right destinations for those looking for a peaceful life...

In this island where you can spend your whole life calm and comfortable with its magnificent location, natural beauties and clean air, many investment opportunities are waiting for its new investors.

Invest in the Turkish Republic of Northern Cyprus for a project that will make you profit in a short time without wasting time!

Proturk Property's expert staff is always with you to get information about the investment portfolios in Cyprus and the incentives offered by the state to investors.