Among the benefits of investing in North Cyprus, the following can be mentioned:
- Security, stability and high economic growth
- Investing in a developing country
- Annual growth of the property price – added value of the property with a profit of 30 to 50 percent
- Receiving the ownership document in public
- Buying property and investing in the British pound, a powerful currency in the world
- Property rental guarantee in British pounds
- Simplicity of the administrative process in document registration and obtaining residence
- Project payment conditions and facilities
- Very suitable figures for investment (for example, receiving accommodation with a 35% cash advance payment and the rest in installments of 2 to 7 years for the whole family)
- No restrictions on sales after purchase to all nationalities
- The possibility of opening an international account
- Free education in prestigious public schools and universities
- Use of free medical services
- Northern Cyprus is one of the safest countries in the world to live in
- The pristine and beautiful sandy beaches of the Mediterranean
- Mediterranean climate with more than 300 days of sunshine per year
As we explained in North Cyprus; Geographical location, mild Mediterranean climate, security and prevailing economic growth are the biggest advantages of investing in this country. For example, due to security, many European countries have welcomed investment in North Cyprus, and more importantly, the price of property in North Cyprus is significantly different from other countries such as South Cyprus, Western Europe. For example, if you buy a house or one-bedroom apartment for 350,000 euros in South Cyprus, you will be able to buy the same apartment in North Cyprus for only 70,000 British pounds and complete yourself!
According to the reports received from the airport of North Cyprus in 2023, in order to receive a visa to enter North Cyprus with an Iranian passport, you must have a valid invitation, otherwise your entry to North Cyprus will be prevented.
According to immigration laws in Northern Cyprus, foreigners who wish to travel must apply for an entry visa with valid travel documents. Visa applications are reviewed and visas are issued to individuals if the documents are complete and valid. The type and duration of visas issued to foreigners are checked by immigration officers and then stamped. Foreigners’ stay in this country cannot exceed the date stamped on their travel documents, and applicants cannot use their visa for reasons other than its original purpose. The reason for the trip is clearly mentioned in the visa.
There are different types of visas for visiting North Cyprus based on short or long term stay. North Cyprus visas are issued depending on the purpose of the person’s visit and the number of entries that the person wishes to have in the country.
If the delivery time of the property purchased by the company is delayed, the construction company is required to pay the buyer the monthly amount mentioned in the contract according to the current law in North Cyprus.
In general, investing by buying land or apartments and villas will have added value after the delivery of the property, and the important thing is that all the companies in North Cyprus are in a very wide competition, in order to maintain the competition and surpass the competitors. All companies are committed to deliver the property to the buyer at the time specified in the contract.
Another important point about the investment law of this country, compared to other countries, is that if you buy land, property, apartment and villa, you are buying the soil of this country and it is the same as Iran.
Inheritance law applies to foreign nationals exactly as it applies to a Cypriot citizen. If there is an official and legal will, the government of North Cyprus will act according to that will, otherwise, the share of the inheritance will be divided among the heirs of the deceased according to the laws of North Cyprus. In the law of this country, the share of the inheritance is for sons. And the daughter is equal, and if she does not have a husband or child, the share of the inheritance will be given to her sister, brother, mother and father.
Northern Cyprus, also known as the Turkish Republic of Northern Cyprus (TRNC), is an island located in the eastern part of the Mediterranean Sea in Eurasia. Cyprus is located in the south of Turkey and leads from the east to the Middle East, from the west to Greece and from the south to Egypt. After Sicily and Sardinia, Cyprus is the third largest island in the Mediterranean Sea. The length of the island of Cyprus in its longest form is 240 km and its width in the widest state is 100 km. The shores of Türkiye are located 75 kilometers north of Cyprus.
According to the prestigious magazine Forbes, in 2021, Northern Cyprus has ranked first in terms of the value of buying beach properties. Also, the European Environmental Organization, based on very modern scientific criteria according to the tests it has conducted over a period of time, has introduced the waters of the North Cyprus Sea as the cleanest water for water sports and swimming. This country stands out due to reasonable costs, high quality of life, very low crime rate (even zero) and high security. Due to these conditions, North Cyprus is rapidly becoming a leading and unique destination for foreign investments. Due to the extensive global publicity for North Cyprus, the high potential of this for the construction of coastal properties and the investments of large countries, in the coming years we will see a much higher price increase in the area of property than before in this region.
