Kensington

No, according to current law, foreigners are allowed to purchase only one property per person in Northern Cyprus. Exception: Turkish citizens can buy up to three properties.

Top Attractions and Beautiful Places in Northern Cyprus Here are some must-visit spots in Northern Cyprus: Hilarion Castle: Enjoy breathtaking views from the summer residence of the Lusignan kings above Kyrenia, with clear days allowing you to see Turkey. Famagusta (Gazimağusa): A port city rich in Greek history, featuring the Lala Mustafa Pasha Mosque (formerly St. Nicholas Cathedral), Venetian city walls, and nearby beaches. Karpas Peninsula: A narrow, 80 km long peninsula with secluded beaches, untouched nature, wild donkeys, and ancient ruins, located in the eastern part of Northern Cyprus. Kyrenia (Girne): The harbor district and Venetian Castle are among the most picturesque spots in the region, complemented by restaurants, bars, cafes, and a lively nightlife. Nicosia (Lefkosa): The divided capital offers sites like the Büyük Han (caravanserai), Selimiye Mosque (former St. Sophia Cathedral), and the Green Line. Bellapais Abbey: The ruins of the Augustinian Abbey, considered one of the most beautiful monasteries in the Eastern Mediterranean, located above Kyrenia. Salamis: This ancient Iron Age city offers a glimpse into one of the most important metropolises in the Eastern Mediterranean, with a grand theater, mosaics, and necropolises. Social and Leisure Life in Northern Cyprus Northern Cyprus provides a wide variety of social and cultural activities: Sports: Enjoy cycling, horseback riding, surfing, kitesurfing, hiking, sailing, golf, jet skiing, climbing, and more. Family Fun: Water sports and water parks are great for family activities. Nightlife: Experience lively nightlife, including dancing and parties, particularly in Girne, Famagusta, and Nicosia. Fitness and Sports Fitness Clubs: Most newer residential areas and almost every town offer well-equipped gyms. Sports Clubs: Though less common, private courses and fitness programs are widely available. Cultural Events Northern Cyprus hosts regular festivals and events, with German-speaking communities organizing social gatherings for cultural exchange. Whether you seek action or relaxation, Northern Cyprus offers a vibrant and diverse lifestyle!

Starting a business in Northern Cyprus depends on the type of business activity and your personal situation, with various legal forms and processes that offer tax advantages. Tax rates vary between 0% and 38% depending on the industry and service. We recommend consulting an experienced advisor, and we can connect you with a reliable contact. Legal Forms for Company Formation: Limited Company (LTD) This is a limited liability company similar to a German GmbH. These companies are subject to VAT and corporate tax and are ideal for internal trade within the TRNC. Export sales can also be conducted. International Business Company (IBC) An offshore company subject to TRNC law, designed for international trade with numerous tax advantages. Shareholders must be foreign investors. This structure is ideal for entrepreneurs dealing with securities and consulting. Famagusta Free Port Company (Duty-Free Company) This model is based in a free trade zone, which is an agreement between multiple states to reduce trade barriers. It offers tax benefits for international trade in goods and services. Unlike an IBC, trade within TRNC is also allowed. Costs and Process: The cost to set up a company starts at around €4,000, but can be significantly higher depending on the type and purpose of the business. You will need to appear in person for company registration, but residency in Northern Cyprus is not required.