Advantages of foreign investment in Northern Cyprus
North Cyprus, a country in the northeast of the Mediterranean Sea, has attracted the attention of international investors by offering a wide range of investment opportunities. Some of the benefits of foreign investment in North Cyprus are described below for you users! So stay with us.
1. Strategic location:
Due to the unique geographical location of North Cyprus at the intersection of the three continents of Europe, Asia and Africa, this country is of geopolitical importance. This feature enables convenient access to large and diverse markets for investors. Next, we should mention that one of our services in North Cyprus is the company registration service in North Cyprus! You can get more information by visiting our North Cyprus company registration services page!
2. Appropriate economic growth:
The economy of Northern Cyprus has been growing at a steady rate for the past few years. This growth is attributed to several factors, including increased foreign investment in Northern Cyprus, tourism development and economic diversification. Political and economic stability in this country also helps to attract international investors.
3. Lower living costs:
The cost of living and setting up a business in Northern Cyprus is significantly lower than in many European countries. This issue can increase the profitability of investments.
4. Skilled staff:
Northern Cyprus has educated and skilled youth who are fluent in several languages including English, Turkish and Greek. This feature makes it easy for investors to hire skilled and professional staff.
5. Existence of tax facilities:
The government of Northern Cyprus has provided many tax incentives for foreign investors. This facility includes income tax exemption, dividend tax exemption and value added tax exemption.
6. Ease of doing business:
The government of Northern Cyprus has taken several measures to simplify doing business in the country. These measures include reducing bureaucracy, simplifying laws and regulations, and creating free trade zones.
7. Infrastructure development:
The government of Northern Cyprus is investing in the development of the country’s infrastructure, which includes roads, ports, airports and communication systems. These measures help to improve the business environment and increase the attractiveness of investment in this country.
8. Mediterranean life:
Northern Cyprus is known for its pleasant Mediterranean climate, beautiful beaches and rich culture. These features have made this country an ideal place to live and work.
9. Tourism features:
The tourism industry in Northern Cyprus is developing at an impressive pace. This development provides high-profit investment opportunities in areas such as hotel, restaurant, real estate and tourism services. Also, another service of Zahourian Investment Company is investment services in North Cyprus, and if you are looking for investment in North Cyprus, the investment company will undoubtedly be an attractive choice for you! You can get more information about these services by visiting our investment services page!
10. Access to the actual markets of the European Union:
Northern Cyprus is negotiating to join the European Union. This membership gives the country’s investors access to a market with a population of more than 450 million people in the European Union.
Overall, Northern Cyprus has become an attractive destination for foreign investment in the Mediterranean region, offering a variety of advantages. Political and economic stability, economic growth, low costs, skilled workforce, tax incentives, ease of doing business, developing infrastructure, Mediterranean lifestyle, tourism capabilities and access to the European Union market are factors that make this country a place to be. They have become ideal for investment.
In addition to the benefits mentioned earlier, investing in North Cyprus has additional benefits that make it an outstanding choice among investment destinations:
1. Accommodation and citizenship facilities:
Northern Cyprus offers a wide range of investment programs, opportunities to acquire residency and citizenship. After a certain period of time, investors and their families can obtain permanent residence or citizenship, which allows them to live, work, and study in EU member states.
2. High security:
With an extremely low crime rate in Northern Cyprus, investors can live and work in a safe environment.
3. Pleasant weather conditions:
The Mediterranean climate of Northern Cyprus with hot and dry summers and mild and rainy winters is an ideal environment for people looking to improve their quality of life.
4. Quality health services:
The health care system in Northern Cyprus provides citizens with high-quality health care services at reasonable costs.
5. Higher education:
Northern Cyprus is home to a number of universities and educational institutions that train students by providing high-standard education. Studying in North Cyprus is an economical and attractive option due to relatively lower costs and no visa requirement for citizens of some countries.
6. Diverse cultures:
Northern Cyprus is home to a diverse population. This cultural diversity allows investors and immigrants to meet people from different cultures and gain new experiences.
7. Nearby attractions:
North Cyprus is located in the vicinity of many tourist destinations such as Türkiye, Lebanon, Egypt and Greece. This geographical location allows investors and residents of this country to travel to these countries in their free time and enjoy seeing them.
8. Preservation and protection of capital:
Northern Cyprus is a country with political and economic stability. This stability helps to preserve and support the capital of foreign investors. Further, if you are looking for information about working conditions in North Cyprus, you can visit our North Cyprus working conditions page.
Conclusion
Due to the economic developments and infrastructure expansion, foreign investment in North Cyprus can have a significant return. In addition, the diversity of investment opportunities in sectors such as real estate, tourism, agriculture, and industries, provides the possibility of choosing investment options that suit different interests and expertise. These features make North Cyprus an attractive destination for international investors.