In an era where sophisticated individuals seek not only an elevated lifestyle but also intelligent financial structures to support it, North Cyprus stands out as a destination where leisure and logic coexist with remarkable harmony. Beyond its serene coastlines, refined Mediterranean pace, and understated luxury, the island offers a tax

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

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 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

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

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

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

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

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

There are 3 main taxes involved in any property sale transaction (different taxes apply to gifts of property). These taxes are: – The transfer fee which is payable to Land Registry Office – The capital gains tax which is payable to the Tax Office – The VAT which is payable