If you’re considering buying property in Northern Cyprus, knowing the taxes involved is crucial for planning your investment. Here’s a breakdown of the taxes and steps involved: Taxes and Contributions The total tax amount, excluding additional fees, comes to 17.5% of the property value, distributed as follows: Stamp Duty: 0.5% of the property price Land […]
Ercan Airport, located in Northern Cyprus, broke a new record in 2024 by serving nearly 5 million passengers and operating the highest number of flights in its history. With its modern infrastructure and expanded capacity, the airport has become a key hub for regional and international travel. This growth highlights Northern Cyprus’s increasing appeal for […]
The Ministry of Public Works and Transport in Northern Cyprus has officially announced the new driver’s license fees for 2025. Here’s the breakdown: Driver’s License Fees: 1-Year License: 1,000 TL 2-Year License: 1,500 TL 3-Year License: 2,000 TL 5-Year License: 3,000 TL 10-Year License: 5,000 TL Other Fees: Learner’s Permit: 1,500 TL Theory Exam Fee: […]
Türkiye’s Central Bank Cuts Interest Rate to 47.5% After 22 Months The Central Bank of the Republic of Türkiye (CBRT) has announced its first interest rate cut in nearly two years, reducing the policy rate by 250 basis points to 47.50%. This decision reflects a recalibration of monetary policy to align inflation control with economic […]
TRNC Mandates Bank-Processed Rent Payments Starting January 2025 The Ministry of Finance has announced that, effective January 1, 2025, all rent payments and collections in the Turkish Republic of Northern Cyprus (TRNC) must be conducted exclusively through banks. This new regulation, published in the Official Gazette on November 14, 2024, applies to all residential and […]
According to the current regulations governing the acquisition of immovable property in the Turkish Republic of Northern Cyprus (TRNC), the deadline for foreign individuals to complete their property acquisition applications, initially set to end on November 21, 2024, has been extended by 90 days by relevant authorities. This extension provides additional time for foreign citizens […]
Company Registration in Spain or Northern Cyprus With globalization and the rise of business opportunities worldwide, many entrepreneurs are exploring options to expand their businesses beyond their home countries. One common question that arises is whether it’s possible to own and operate businesses simultaneously in countries like Spain and Northern Cyprus. The answer is yes, […]
Near East University has reached new heights in the 2024 World University Impact Rankings by Times Higher Education (THE), securing top global rankings in multiple categories. In the latest assessment, Near East University is ranked 6th in “Education Quality” and 8th in “Sustainable Cities and Societies,” reflecting its ongoing commitment to regional and international progress […]
The Gönyeli Alayköy Municipality, in collaboration with the Gönyeli Police Station, identified and charged the offender. Gönyeli-Alayköy Mayor Hüseyin Amcaoğlu confirmed the penalty and reiterated a zero-tolerance policy toward such behavior. Mayor Amcaoğlu stated: “Today, regarding the driver who discarded sunflower seeds on the road, a situation that has been a public concern all day, […]
Beste Oymen, President of the Food Engineers Chamber, emphasized the crucial role of food engineers in ensuring food safety and a sustainable future. She called for increased employment of food engineers to address growing challenges and protect public health. Oymen noted that food engineers play a vital role in ensuring food safety throughout the entire […]
