Benefits of Living in Northern Cyprus

Benefits of Living in Northern Cyprus

Benefits of Living in Northern Cyprus
The rapid pace of development in Northern Cyprus is one of the factors driving the high return on investment in this country. Examples of development include high-quality international schools and universities, recent investments in tourism and construction sectors, media and the production of the first electric car manufactured in Cyprus, and the construction and opening of the new Ercan International Airport. On the other hand, the discovery of oil and gas fields off the coast of the island of Cyprus promises economic prosperity for countries in the region, including Northern Cyprus. Currently, Turkey has begun drilling for natural gas extraction, and estimates indicate the presence of 142 to 227 billion cubic meters of natural gas reserves in this area.

One of the main industries in Northern Cyprus is agriculture and horticulture, especially in the cities of Guzelyurt and Lefke, which produce a significant share of the region's citrus fruits. According to agreements with the Turkish government, part of the island's fresh water is supplied from the southern provinces of Turkey through a pipeline connected to the Geçitkoy Dam. The water reserve of this dam ensures the supply of fresh water to Northern Cyprus for many years.
Northern Cyprus ranks fourth in the world for retirement living and twelfth among the best islands in Europe. According to the European Environmental Agency report, Cyprus has the cleanest and highest-quality water for swimming in the entire European region.

Another feature of Northern Cyprus is its multi-currency system. You can use common currencies such as the British pound, US dollar, euro, Turkish lira, as well as popular cryptocurrencies for purchases in all stores and shopping centers throughout Northern Cyprus.
The island of Cyprus was a British colony not long ago, and for this reason, we can see the influences of the British system in the lives of the Cypriot people. For example, Cyprus's legal framework is based on the common laws of England established in 1959 and has roots in British law. The education system of Northern Cyprus is also based on the British education system and is taught in many schools in this country according to Cambridge educational books and methods. Likewise, driving on the left side and using three-pronged electrical outlets are standards in Cyprus.

Nightlife in tourist areas of Northern Cyprus is vibrant, with a variety of nightlife and water activities such as boating, fishing, sea trips, diving, as well as mountain climbing, horseback riding, paragliding, museums, and historical sites, making it an attractive destination for tourists.
Obtaining residency in Northern Cyprus is one of the benefits of investing in this country, and you can also obtain a family residency permit in this country in addition to investment. This is while in some countries, you cannot obtain residency by purchasing property.
The property value-added tax rate in Northern Cyprus is only 5%, and it is only paid once on a property; accordingly, the next buyer does not need to pay this type of tax.
Northern Cyprus has a higher return on investment in real estate compared to some European countries, and based on current trends in pre-sale construction projects, you can expect a minimum of 55% profit until delivery.

The average cost of living and property prices in Northern Cyprus are lower than the European average, and Northern Cyprus is one of the safest areas in the world. You can feel this security well in everyday life.
You can easily and legally buy and sell digital currencies in Northern Cyprus, and even buy cars and houses with digital currencies.
Another advantage of living in Cyprus is the Mediterranean climate of the island, which has over 300 sunny days a year and relatively warmer winters compared to many other regions of the world.
Cyprus has strict government regulations to protect the environment, and for this reason, the cleanest beaches and Mediterranean waters are located in this country.

In recent years, tourist attraction in this country for vacation, study, medical treatment, and retirement purposes is increasingly on the rise, which can contribute to the economic prosperity of this country.
Another advantage of living in Northern Cyprus is the easy production and access to organic and healthy agricultural products.
In conclusion, if you are looking for a life in a safe and peaceful environment, with beautiful and pristine nature alongside excellent investment opportunities, Northern Cyprus can be a great destination for you and your loved ones.