Is Property Buying In Northern Cyprus Safe?

 As a result of this involvement, the Turkish Republic of Northern Cyprus (TRNC), which Turkey solely acknowledges, was established in 1983. The international world supports the sovereignty of the Republic of Cyprus, led by the Greek Cypriots, and views the TRNC as an occupied territory. This includes the United Nations and the European Union, according to real estate in Northern Cyprus.

Comments

Post a Comment

Popular posts from this blog

Is Buying Property In Northern Cyprus A Good Investment?

Northern Cyprus, a Mediterranean gem known for its beautiful landscapes and relatively affordable real estate, has become an attractive destination for international property investors. With its picturesque coastline, historical charm, and relaxed lifestyle, it’s no surprise that many individuals and investors are drawn to owning property in this part of the island. However, buying property in Northern Cyprus involves several regulations and restrictions, particularly for foreign buyers. One of the most important aspects to consider is the limit on the number of properties a non-citizen can purchase.
Read more

Is Northern Cyprus Tax-Free

  Before delving into its tax regime, it’s essential to understand the unique status of Northern Cyprus according to   buy property in Northern Cyprus . Following a tumultuous period in the 20th century, the island of Cyprus became divided into two parts: the Republic of Cyprus in the south and the Turkish Republic of Northern Cyprus (TRNC) in the north. While the Republic of Cyprus is a member of the European Union (EU) and subject to EU laws and regulations, Northern Cyprus operates as a separate entity with its own legal and administrative systems.
Read more

Northern vs. Southern Cyprus: A Tale of Two Islands

 Investors find Northern Cyprus far more attractive due to its favorable tax environment. Numerous tax advantages are available in the area, including no capital gains, cheap property taxes, and no inheritance tax. As a result, investors may maximize their profits and gain from a more advantageous economic climate for apartments for sale in North Cyprus. apartments for sale in North Cyprus
Read more