2025

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...

Requirements and general information in respect of registration of an International Business Company (IBC Company) in TRNC.  General Information:  Minimum number of shareholders is two.  Shareholders must be of foreign origin and must not ordinarily reside in TRNC. TRNC citizens whose permanent place of residence is outside TRNC are also eligible to be shareholders.  iii. Minimum share...

Guidance on Divorce and Matrimonial Proceedings Divorce and matrimonial proceedings in TRNC are regulated by Family, Marriage and Divorce Act No. 1/1998. In TRNC the Family Law principles are based on protection of family structure and children.  The most frequent issues in the Law of Family we face are divorce cases. Our Law Firm often represents clients as a lawyer in divorce cases and works hard to...

Planning ahead in life always gives you benefits, as an old saying states that “If you are failing to plan, you plan to fail”. The inheritance law and regulations differentiate in each country. Many people who live permanently or temporarily in Northern Cyprus own estates, however they have a lack of information on inheritance procedures. In Northern Cyprus inheritance rules and regulations are mainly...

Visa on arrival  Guidance on obtaining residence permit. As soon as you decide to acquire a private or a commercial immovable property the next question you might have is how to get the resident permit in order to enjoy your property in any time of the year. Here our guidance will come handy. Visa on arrival. Regularly you are granted a visa up to 90 days (depending on the purpose of your visit) upon...