When envisioning the perfect Mediterranean sanctuary, Majorca often comes to mind. However, have you considered the unrivaled charm of North Cyprus? This hidden treasure offers an exquisite blend of natural beauty, investment opportunities, and accessibility, making it an ideal choice for discerning property buyers. Let us explore why North Cyprus stands above the rest. Beachfront Living...
The Mediterranean aesthetic embodies an effortless blend of elegance, warmth, and timeless sophistication. This design approach, rooted in centuries-old traditions, offers a sanctuary of understated opulence - perfect for those who appreciate silent luxury. Below, we explore key elements to infuse Mediterranean charm into your interior while maintaining a refined, discreet ambiance. A Palette of...
The Mediterranean has long been synonymous with elegance, serenity, and timeless beauty. For those who seek more than just a home, living by the sea offers an unparalleled lifestyle that is as much about the environment as it is about the experiences it fosters. Here are five reasons why a beachfront residence is not just a place to live but a way of life. A Gateway to Tranquility: The sound of...
Why North Cyprus Cyprus is welcoming an ever-increasing number of tourist and those looking to relocate for parts of the year or permanently. Located at the crossroads of three continents, namely Europe, Asia and Africa, the island reflects this fascinating blend of rich history, cultures and influences. For thousands of years, Cyprus has been an important hub for commerce, bringing people from...
The Mediterranean has long been synonymous with a life well-lived - where time slows down, nature embraces architecture, and each moment is infused with a deep appreciation for beauty and harmony. North Cyprus, a hidden jewel of this sun-drenched region, offers an unparalleled opportunity to embrace the holistic Mediterranean lifestyle, blending wellness, culture, and refined leisure in a way few...
In an increasingly fast-paced and digitized world, the longing for simplicity, serenity, and authenticity has become more pronounced than ever. In this context, North Cyprus offers something far beyond its sun-kissed shores and tranquil landscapes - it provides a way of life rooted in harmony with nature, framed by the refined sensibilities of Mediterranean living. A Return to Rhythms of...
1- Personal Income Tax and Corporation Tax All companies and other corporate bodies (except cooperative societies) are chargeable with Corporation Tax. Corporations which are registered in the state as Local Companies are chargeable with 10% tax on chargeable income. Corporations which are Foreign Companies are also chargeable at the rate 10% on chargeable income only derived from trade or other...
1) Main Taxes on the purchase of real estate by foreigners in TRNC Stamp duty– the tax, which is paid while registering the contact of sale to the Tax Office. The tax should be paid and the contract should be registered within 21 days from the date of signing of the contract of sale. The fee is 0.5% from the sale price stated in the contract of sale 6% Registration Tax – The amount payable in...
The purpose of this Commission was to establish an effective domestic remedy for claims relating to abandoned properties in Northern Cyprus. The European Court of Human Rights, with decision on 1 March 2010 as to the admissibility of Demopoulos and Others v. Turkey found that Law no: 67/2005 provides an effective remedy and rejected the complaints of applicants for non-exhaustion of domestic...
The Free Port and Zone situated at Famagusta is considered to be an ideal place for all kinds of businesses and investments. Famagusta Free Port and Zone covering an area of 103.000 sqm, offers to foreign investors excellent opportunities for transit trade as well as manufacturing opportunities for middle-east and near-east countries. Incentives: All income derived from activities and operations...
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