Immigration to Cyprus through investment
It is interesting to know that by investing in North Cyprus, you can easily get first-class accommodation for yourself and your family. The economic growth in this country due to its nascent body and small population has created an excellent opportunity to invest in North Cyprus. And also free treatment and education in Cyprus will be available to you. Car showrooms, construction of residential units, restaurants or car rentals are examples that investors invest in. You can contact the experts of Melal Real Estate Agency to show you the best way to invest in North Cyprus.
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Investment in Northern Cyprus
It can be said that Northern Cyprus is one of the best and most pristine countries in the world, and many people, including Iranians, Russians, Scandinavian countries, etc., are looking to immigrate or invest in this country. Northern Cyprus, known as the pearl of the Mediterranean, has gained global popularity in recent years. Also, this country is the new center of Mediterranean real estate! Buyers from the UK, Eastern and Western Europe, Scandinavia and the Middle East are increasingly buying villas or apartments in North Cyprus.
Northern Cyprus is gradually becoming one of the most popular areas for real estate investment. One of the reasons they invest in North Cyprus is because it is one of the 10 economic countries in the world. It is especially attractive to residents of countries whose national currencies have weakened in recent years. Because in connection with the currency crisis, many people are looking for savings and safe and secure investment.
Reasons to invest in North Cyprus
Here we explore the main reasons why, so stay tuned to our experts for news on how you can benefit from safe, low-cost, yet fast-growing investing.
Location
Thanks to its strategic location and many features, North Cyprus is an attractive country for investors. As one of the most beautiful and largest islands in the Mediterranean, as well as the fifth safest country in the world, North Cyprus is also popular and popular in the real estate sector. Everyone can invest in North Cyprus. Since the quality of business management is at a favorable level, investors can invest in areas such as building and selling apartments and participating in construction.
Economy
Since the economy of this country is growing rapidly, various opportunities have been provided to domestic and foreign investors. Even though there are legal restrictions on buying property in North Cyprus , everyone has the opportunity to be a real estate investor. In addition, residence permits are granted to investors in Northern Cyprus. This feature is one of the factors that attract investors.
European countries
Europeans, especially the British, have been investing in real estate in North Cyprus for decades. Since the British came to power as the colonial rulers of Cyprus in the 1890s! English signs can still be seen throughout North Cyprus: cars drive on the left, English is an official language in North Cyprus, all road and street signs are in English as well as the country’s own local language.
In general, there is a charming former colonial atmosphere everywhere. From the local Anglican church to the heritage of charming former colonial buildings, the pound sterling is also the unofficial international currency accepted in all shops and restaurants, and all transactions are in pounds sterling.
bright future
After 1974 and after the civil wars between the people of this country and the intervention of other governments, the island of Cyprus was divided into two parts, North Cyprus and South Cyprus. Since then, there have been many talks about the future of Northern Cyprus. The European Union considers the territorial integrity of this island as a single country and a part of its territory. and expands its economic and political activities without intermediaries and directly with this country.
What we are looking for is a review of the future of Northern Cyprus . Possibilities that this country may face in the coming years! The future for Northern Cyprus will be nothing but two states. It is not a secret that examining this issue is the most important reason for investing in this country.
security
According to the statistics of international organizations, security in North Cyprus ranks first among small countries in terms of global security and cleanliness of the living environment, and according to global statistics of 2021, it ranks fifth among all countries in the world in terms of social security, lack of crime, and optimal conditions. Life is dedicated to itself.
Investment methods in North Cyprus
As I said before, the growing economy of this country has created great opportunities for investment. In the following, we discuss some of the most profitable and best investment methods in North Cyprus
Investment in North Cyprus by buying property
One of the most important and best investment methods is buying property and renting it, which is the first and easiest way to obtain residence in North Cyprus. This method has attracted the attention of investors for many reasons, the most important of which are good profits in a short period of time, the right price of the property, the possibility of obtaining a mortgage and the possibility of immigrating after buying the property, etc. The economic growth of North Cyprus is one of the reasons that makes investment in North Cyprus safe and profitable, and property prices grow between 15 and 20 percent every year, while the British pound is one of the most stable currencies in the currency market. And you will witness the profitability of buying your property in this country every year.
| City | Monthly suite rent | Monthly rent of one bedroom | Monthly rent of two bedrooms | Monthly rent of three bedrooms |
|---|---|---|---|---|
| Kyrenia | 200 to 350 pounds | 200 to 500 pounds | 550 to 700 pounds | 700 to 1250 pounds |
| Famagusta | 200 to 400 pounds | 250 to 500 pounds | 400 to 750 pounds | 700 to 1200 pounds |
| Nicosia | 100 to 250 pounds | 150 to 400 pounds | 250 to 550 pounds | 600 to 1100 pounds |
Investment by company registration
Northern Cyprus has always supported and welcomed entrepreneurs from any country. Also, the introduction of any economic activity in North Cyprus is the company registration. Basically, those who enter this country realize the virginity of the job market, where they can easily turn their ideas and opinions into a profitable business. In the country of North Cyprus, through company registration You can get a two-year temporary residence and as long as your company is active and pays the relevant taxes, you can extend the residence of the founders. Likewise, after the passage of time, you can apply for a permanent residence. It should be noted that any Economic activity in this country must be done within the framework of a registered company. Even managing and running a simple shop requires a registered company.
Investment in North Cyprus through bonds
Sometimes foreign investors buy bonds worth 500,000 euros to get their residence in North Cyprus. This method leads to obtaining a three-year residence in this country, of course, you must keep in mind that you will not be able to withdraw your capital of 500,000 euros for three years. After that, you can apply for permanent residence.
Advantages of investing in North Cyprus
The price is right
Currently, the real estate market in Northern Cyprus offers the best prices among the Mediterranean countries. Also, if you contact the experts of Melal Real Estate Agency, you can get to know a variety of projects and a wide range of houses, apartments, penthouses, etc., and have the best investment according to your budget.
Invest in pounds
The British pound is one of the most reliable, stable and strong currencies in the world, and every year the difference in the value of the pound against the dollar and the euro increases. Fortunately, buying and selling property in Northern Cyprus is in British pounds, which encourages foreign investors to buy property, because in a short period of time, in addition to the growth of property prices in this country, the pound currency also has a good added value. that this causes multiple capital growth for buyers.
It should also be noted that the pound is a currency that is resistant to any inflation and this type of investment in North Cyprus distinguishes the buyers’ capital from other countries such as Dubai, Georgia, Turkey, etc.
Easy accommodation conditions
People who intend to immigrate or stay long-term in North Cyprus should apply for a residence permit. In order to obtain residence through the purchase of a property in North Cyprus, after completing the initial steps of the purchase contract, you must take the relevant documents to the registration and tax offices with our representative and register the property in the name of the buyer or buyers.
Issuance of residency for individuals is not subject to the permanent presence of individuals in North Cyprus and the compulsion to live here, and the buyer can leave or enter North Cyprus at any time and for any period. In the same way, some people leave Cyprus after buying a property and obtaining residence and leave the house for annual rent.
Annual growth
The annual growth of property purchase investment in North Cyprus is around 15-20% and is mostly true for pre-sold properties. Also, due to the relative virginity of this island and the high desire of nationals of other countries to stay and invest (due to the tourist attractions of North Cyprus, every year a large number of travelers come here and after seeing the conditions, they decide to migrate and stay in North Cyprus), The demand for buying property increases every year and accordingly, the price of property and house increases.
Receive the document of inherited property
One of the biggest advantages of investing in North Cyprus is receiving a definite and lifetime one-page document in the name of the foreign buyer.
According to the laws of the North Cyprus government, the property deed is the same for foreign investors and the people of North Cyprus, and even after the death of the buyer, the property will be inherited equally according to the laws or according to the registered will of the deceased. and the government of Northern Cyprus unlike countries such as Georgia, Turkey and… Foreign buyers will not have any share of the property.
Obtaining visas of other countries
Having a permanent residence in Northern Cyprus will help a lot to facilitate the process of getting a visa for American, European and Australian countries, which generally have a strict approach towards Iranians in terms of visas.
Welfare conditions in Northern Cyprus
Northern Cyprus is a good destination for foreign investors and expats despite its high security and low daily costs, moderate climate and…
tax laws
The tax laws in North Cyprus are not as costly as in other countries and can be easily dealt with.
Benefits of investing through property purchase
- The possibility of traveling to 160 countries without a visa
- Obtaining a passport and citizenship of Northern Cyprus
- Fast track process
- The possibility of a comfortable life for the client and the first-class family of that person
- Access of the applicant’s family to the best schools and prestigious universities
- The possibility of registering a company and holding shares in North Cyprus
- Obtaining a passport and citizenship of Northern Cyprus
- Living in a safe and secure country with the lowest level of crime
- Free treatment
- The possibility of free education up to the diploma level
Documents required for investment in North Cyprus
- Identity documents
- Valid passport
- bad background certificate
- Temporary residence permit
- A photo piece
- job resume
- Bank confirmation to confirm the deposit account in the Bank of Cyprus
- Purchase certificate or resolution
- Health insurance (185 euros per year per person)
Taxes in Northern Cyprus
Another advantage and reason for popularity in North Cyprus, especially among Iranians, is the level of taxes in this country. The government of North Cyprus receives direct and indirect taxes to provide funds and ease the living conditions of its people; Also, the progressive system in the tax law of this country has improved the tax system of this country. The progressive system means that people with more income pay higher taxes than those with less income.
Types of taxes in Northern Cyprus
- income tax
- Property tax
- Business tax
- Taxes on certain companies
Obtaining residence by investment in North Cyprus
As mentioned above, the investment conditions in North Cyprus are different. But usually, the time to get a temporary residence does not last more than 2 months. But I must say that all this depends on the speed with which you do the work of company registration, property purchase, bonds, etc., in order to receive your residence sooner. . To get a permanent residence, we have to proceed a little differently, that is, live more time in this country.
It should be noted that if you buy a property, your stay will last as long as you own your property. In all these processes, you need experts in this field so that you can spend the most profitable and best investment or stay in this country. In this field, the experts of Melal Real Estate Agency can be the best advisors to you dear ones.
Conclusion
Northern Cyprus is one of the most magical places in the world and is known as the fifth safest country in the world. Migrating to this safe and beautiful Mediterranean paradise with golden sand beaches and unique nature will introduce you to a series of 10,000-year-old historical places and pristine and untouched nature.
Northern Cyprus has become one of the important investment locations due to its high social security and economic stability. Northern Cyprus is the third largest island in the Mediterranean after Sardinia and Sicily. Northern Cyprus has the most amazing Mediterranean beaches and real estate prices in this country are very reasonable and have a clear economic outlook.
This island is very popular for property buyers and will definitely have a bright future as a destination at the intersection of East and West for vacationing people from all over the world. North Cyprus is made up of spectacular landscapes, charming villages and kilometers of unique coastline, and you can buy property in almost all parts of North Cyprus. Get in touch with our experts to learn about projects and investments in North Cyprus.
Conditions of birth in North Cyprus?
North Cyprus real estate is not only a very profitable proposition for investors; Rather, it becomes a popular destination in the world for immigration and retirement.
Is property in North Cyprus cheap?
The good news is that the overall North Cyprus property market is much more affordable than similar properties elsewhere in Europe. This includes villas and apartments at both luxury and budget price levels.
When is the best time to invest in North Cyprus?
The best time to invest in North Cyprus is now; Because it is emerging as one of the best investment destinations in the world for some key industries and as a top financial center in the Mediterranean and Europe.
How to get permanent residence through investment in Northern Cyprus?
First, you have to invest in the real estate market by buying or renovating the property, and you are not allowed to sell the property until the installments are paid, and after that you can sell your property to anyone you want, not just the natives of Cyprus.
Conditions of birth in North Cyprus?
North Cyprus real estate is not only a very profitable proposition for investors; Rather, it becomes a popular destination in the world for immigration and retirement.
