Why Cyprus?

 

Cyprus is the third largest island in the Mediterranean and is a country with a history, culture, and natural beauty in the Eastern Mediterranean that enjoys 300 days of suns

 

Northern Cyprus is like a corner of paradise with its long beaches, five-star and casino hotels, castles, harbors, mountain and sea views, short travel distances, free market economy, and cuisine.

 

With a population of around 400,000 and a growing GDP of 5 billion USD annually, it is a country with many opportunities and partly unspoiled.

In this regard, the interest of foreign investors is increasing day by day.

Meanwhile, the real estate sector is developing, its quality and value are increasing.

 

Although the northern part of Cyprus is considered EU territory, only the acquis communautaire is suspended, but all kinds of administrative and commercial activities can be carried out.

 

Moreover, Northern Cyprus has also become one of the safest regions in the world.

 

The real estate sector, offering a 10-12 year return on investment through rental income, can provide up to 40% returns in pre-launch purchases in construction-sale projects.

 

Being very close to Turkey, the island is just a 1-hour flight away from Istanbul.

 

With low tobacco and alcohol prices, rich Mediterranean cuisine and mezes, entertainment centers, historical areas, and the natural park area of Karpaz, it is unique.

 

Both Turkish and English are widely spoken, and with an increasing population of Germans, Russians, and Iranians, it has a multicultural lifestyle.

 

Residence permits can easily be obtained through real estate purchase.

 

Advantages include low property taxes, visa-free entry for many passport holders, a high level of education, and favorable climate conditions.

 

Foreign exchange transactions can be carried out in any currency.

 

There is a parliamentary system with democratic elections.

 

Incentives are offered for new investments.

 

A special permission procedure applies for real estate purchases for investments over 3 million Euros.

 

It is a socially strong country with numerous NGOs, festivals, fairs, events, and charitable activities being freely carried out."