NORTH CYPRUS INVESTMENT

1. Banks

The main advantages of the banking landscape in North Cyprus are:

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1. A Wide Range of Banking Services: Banks in North Cyprus offer a variety of services including accounts, credit cards, mortgages, financing and investment products.

2. International Banks: North Cyprus is home to a number of international banks, serving investors and businesses from around the world.

3. Strong Regulation: Banks in Northern Cyprus are subject to strong regulation to ensure the integrity of the financial system.

4. High deposit insurance: The deposit insurance in Northern Cyprus is quite high at €100,000 per customer and bank compared to other countries.

5. Stable Economy: Northern Cyprus has a stable economy, which increases the attractiveness of the banking landscape.

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2. Taxes

One of the key advantages of North Cyprus in terms of taxes is that it has some of the lowest tax rates in Europe. This makes it attractive for companies and investors as they have to pay less taxes. North Cyprus also has a double tax treaty with many countries, meaning companies and investors can save on taxes by becoming a North Cyprus resident. Another benefit is that North Cyprus has a territorial tax practice which means only income earned in North Cyprus is taxed. This makes it attractive for international companies and investors to become based in North Cyprus.

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3. Legislation

The main advantages of North Cyprus in terms of legislation are:

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1. International Business: North Cyprus has a modern and progressive company law that allows international companies to do business in North Cyprus.

2. Tax Relief: North Cyprus has tax relief for companies that become resident in North Cyprus. These simplifications can help reduce costs for companies.

3. Favorable Labor Law: North Cyprus has a favorable labor law which allows companies to be flexible and react quickly to changes in the economy.

4. English Language Legislation: Legislation in North Cyprus is written in English, which is beneficial for international companies and investors.

5. Stable Political and Economic Situation: North Cyprus has a stable political and economic situation, which offers security for businesses and investors.

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4. Yield Opportunities

North Cyprus offers investors a variety of return opportunities due to its many advantages. One of the main advantages is the low real estate prices compared to other countries in Europe and the Middle East. This offers investors the opportunity to purchase properties at a more affordable price and later sell them at a profit. Another advantage is the growing tourism industry in North Cyprus, which offers investors the opportunity to use their properties as holiday rentals and generate income from them. Additionally, investors in North Cyprus have the opportunity to take advantage of the country's favorable tax rates by writing off their real estate investments. The beautiful nature of North Cyprus such as the coast, mountains and countryside also makes it an attractive place to purchase a property that may also lend itself well to holiday rental. Taken together, North Cyprus offers investors a variety of opportunities to capitalize on their property investments.

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5. Economic situation

North Cyprus has experienced a positive economic climate in recent years due to a variety of benefits. One of the main advantages is the low unemployment compared to other countries in Europe. This means that people in North Cyprus find it easier to find a job and companies find it easier to find qualified workers. Another benefit is the growing tourism industry which has helped the economy grow in North Cyprus. The low tax rates in North Cyprus have also helped companies locate in North Cyprus, thereby contributing to the country's economic development. The stable political situation in Northern Cyprus has also helped the economy remain stable and growing. All these factors contribute to keep the economic situation in Northern Cyprus positive.

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6. National Currency

One of the main advantages of North Cyprus in terms of local currency is that there are two currencies used in North Cyprus: the British Pound and the Turkish Lira. For real estate investors, this means they have the opportunity to make their investments in the stable currency of the British pound, while being able to use the cheaper Turkish lira for everyday life. This offers investors the opportunity to benefit from the advantages of both currencies and to minimize their investment costs. Another advantage is that the British pound is internationally recognized and can easily be converted into other currencies. This makes it easier for investors to manage their investments and sell them if they wish. So, using two currencies in North Cyprus offers flexibility and security to investors.