Major developments and changes in investment laws in 2024 in Northern Cyprus

Northern Cyprus has become one of the popular destinations for international investors with its significant growth in recent years. These developments have occurred due to several factors, including strategic geographic location, growing economy, reasonable living costs, and large-scale government investment facilities.

Northern Cyprus has become one of the top destinations for investors in the Mediterranean and Middle East region with its remarkable developments in facilitating investment and offering exceptional benefits. With a clear vision of economic development and progress, this country has created unique opportunities for investors at all levels.

In order to further facilitate foreign investment and increase the country’s attractiveness for investors, the North Cyprus government made a number of reforms and changes in its investment laws in 2024. In this article, we at Zahouriyan Investment Company will analyze these exciting changes and, more than the simple introduction of new laws, we will analyze the deep effects and bright prospects of these changes.

Major developments and changes in investment laws in 2024 in Northern Cyprus

Recent changes in Northern Cyprus investment laws

1. Change in the minimum investment amount:

An important change that has recently been implemented is the lowering of the minimum investment to obtain citizenship through the investment program. This amount, which was previously US$250,000, has now been reduced to US$200,000. This change has made investing in North Cyprus possible for a larger group of investors.

2. Launching a new investment visa:

The government of Northern Cyprus has launched a new type of visa called “Investment Visa”. This visa allows foreign investors to stay in this country for a period of one year and during this period, they can apply for full citizenship through the investment program.

3. Providing new tax exemptions:

The government of Northern Cyprus has introduced new tax breaks for foreign investors. These exemptions include tax exemptions on investment income, tax exemptions on profits from real estate sales, and inheritance tax exemptions.

4. Facilitating the application process:

The government of Northern Cyprus has facilitated the process of applying for citizenship through the investment program. These changes include reducing the level of bureaucracy, reducing the processing time and increasing the level of transparency.

5. Development of investment opportunities:

The Government of Northern Cyprus has increased investment opportunities by creating a wide range of new investment opportunities in various sectors such as real estate, tourism, energy and agriculture.

Recent changes in Northern Cyprus investment laws

Effects of these changes

These changes in investment laws are expected to have significant positive effects on the economy of Northern Cyprus. These effects include:

Increase in foreign investment: Foreign investment is expected to increase dramatically with the reduction of investment rates, introduction of new tax exemptions and simplification of the application process.
Creation of job opportunities: Increased investment is expected to lead to the creation of new job opportunities in various economic sectors.

Economic growth: increasing investment and creating new job opportunities will contribute to the economic growth and dynamism of the Northern Cyprus economy.

Infrastructure development: The government of Northern Cyprus plans to use foreign investments to improve and develop the country’s infrastructure, including roads, ports, airports and communication networks.

Improvement of the standard of living: With economic growth and the creation of job opportunities, it is expected that the standard of living of the people of Northern Cyprus will improve significantly.

Benefits of investing in North Cyprus in 2024

In addition to the changes mentioned, there are other benefits to investing in North Cyprus in 2024, including:

North Cyprus is located in the center of three continents, Europe, Asia and Africa, which makes it an ideal place to invest in global markets.

Economic growth: The economy of Northern Cyprus has been growing continuously in recent years. This issue creates many opportunities for investors in various sectors.

Reasonable cost of living: The cost of living in Northern Cyprus is significantly lower than in other European countries. This can help to increase the profit of your investment.

Hospitable people: The people of Northern Cyprus are known for their warmth and hospitality. This issue can make your life experience in this country more enjoyable.

Also, another one of our services is investment services in North Cyprus. You can get free advice about investing in North Cyprus by visiting the investment services page of Zahorian Investment Company!

Benefits of investing in North Cyprus in 2024

Additional benefits of investing in Northern Cyprus in 2024

In addition to the benefits already stated, investing in North Cyprus in 2024 also includes additional benefits, including:

Strategic location: Northern Cyprus is located at the intersection of three continents: Europe, Asia and Africa, which provides investors with easy access to global markets.

Growing economy: The economy of Northern Cyprus has been growing continuously in recent years and this trend is expected to continue in the coming years.

Low cost of living: The cost of living in Northern Cyprus is significantly lower than in other European countries. This can help to increase the profit of your investment.

Young and educated workforce: Northern Cyprus has a young and educated workforce that can efficiently meet your business needs.

Safe and stable environment: Northern Cyprus is a safe country with high political stability, which provides a safe and stable environment for investment.

Due to the many advantages and unique opportunities that North Cyprus will provide for investors in 2024, this country is recognized as an outstanding destination for investment in the Middle East and Mediterranean region. New changes in investment laws and great government incentives have made this country an ideal option for investors looking for new and profitable markets. Finally, to get new and up-to-date information about investing in North Cyprus, you can refer to the article Investing in North Cyprus 2024 published in Zahorian Investment Company!