The Turkish Republic of Northern Cyprus (TRNC) is a favored tourist destination due to its beautiful beaches, stunning natural attractions, rich history, delicious food, and unique cultural experiences. Visitors from all around the world can enjoy a perfect mix of modern amenities and traditional charm, making it a great place to relax, explore, and even reside.
North Cyprus has also been attracting investors in recent years due to its favorable tax policies, strategic location, and opportunities in real estate and tourism sectors. Additionally, the government has implemented various initiatives to promote foreign investment, making it an attractive destination for those looking to invest in a growing economy.
Below are top 10 reasons why you should be investing in TRNC:
Strategic location: North Cyprus is strategically located at the crossroads of Europe, Asia, and Africa, making it an ideal location for businesses looking to expand their reach in these regions.
Favorable Tax System: North Cyprus offers a highly competitive tax system, with low corporate and personal tax rates, making it an attractive destination for foreign investors.
Growing Economy: The economy of North Cyprus is growing steadily, with a focus on tourism, education, and service industries, making it an attractive destination for businesses looking to expand into new markets.
Affordable Cost of Living: The cost of living in North Cyprus is relatively low, which makes it an attractive location for businesses looking to reduce their overheads and increase profitability.
Developed Infrastructure: North Cyprus has a well-developed infrastructure, including an international airport, modern road network, and telecommunications infrastructure, making it easy for businesses to operate in the country.
Skilled Workforce: The workforce in North Cyprus is highly skilled, educated, and multilingual, making it an attractive location for businesses looking to access a highly qualified workforce.
Stable Political Climate: North Cyprus has a stable political climate, which is important for businesses looking to operate in a predictable and stable environment.
Business-Friendly Environment: North Cyprus has a business-friendly environment, with a range of incentives and support services available to foreign investors, including free zones and business parks.
Access to EU Markets: North Cyprus has a Customs Union with the EU, which provides businesses with access to the EU market without the need for customs duties or tariffs.
High Quality of Life: North Cyprus offers a high quality of life, with a Mediterranean climate, beautiful landscapes, and a rich cultural heritage, making it an attractive destination for businesses and their employees.
BMC International