Investments in real estate

Investments in real estate

By buying property in Northern Cyprus, you are investing in your future. Unlike many countries, even if you do not have free funds to buy real estate, you can choose property with a payment plan. Once invested, the money itself will work for you and for your well-being.

Investing in real estate means providing yourself with a steady income. The ability to use the property in different ways and constant rise in prices make any property in Northern Cyprus attractive to investors. The country has an advantageous geopolitical location which makes it an excellent platform for conducting business.

Opportunities for investors

The real estate market is actively developing, as the country’s tourism industry. The tourist flow stimulates the infrastructure development and improves the level of service. This provides ample opportunities for filling new niches. In regard to business and investment the most promising areas are tourism industry related projects, educational institutions, commercial buildings, waste processing and other projects, the construction of which is supported by the government.

The most popular niche for investment is rental properties. Real estate investment offers greater opportunities for higher returns compared to keeping money in bank deposits.

Investment in the tourism sector is also profitable: hotels, restaurants, spa complexes, casinos and golf clubs. The manufacturing sector is not taxable; the state provides many benefits in this area.

Buying property in Northern Cyprus offers the following benefits:

• Favorable tax policy: low corporate tax, no double taxation. The tax rate in the country is one the lowest compared to European countries: VAT – 5% (primarily real estate market), annual property tax – 0.1 euros per square meter, the title deed transfer tax – 12%, stamp duty – 0.5%.
• The housing maintenance on the island is much cheaper than in European countries: an average of 15-120 euros per month, compared with Italy, where the costs are about 250 euros.
• Fast and easy procedure for obtaining a residence permit and citizenship: the buyer and his family have the right to obtain a residence permit for a year and renew it every year.
• Simple bureaucratic system and no corruption.
• It is possible to maintain investor anonymity and income origin confidentiality.
• High return on investment: income reaches 8-15% per year, which is why buying real estate with subsequent renting is very popular on the island.
• State guarantees the investments’ preservation.
• Western European (Anglo-Saxon) legal system, which requires strict adherence to laws.
• Visa Free travel.

Benefits for foreign investors

The state has an individual approach to each foreign investor. Among the advantages are:

• Ground leases allow implementation of large industrial project.
• Favorable lending terms.
• Cooperation with foreign specialists.
• Investment attraction and repatriation of profits (without restrictions).
• Import of necessary equipment and transport without duties.

Our company offers to analyze your interests and work out various options for business development on the island. We will implement and adapt your ideas, provide legal and accounting support. We will advise on ready-made business acquisition and investment in commercial and residential real estate in Northern Cyprus.