North Cyprus Off Plan Property Investment

Opportunities

Please contact us today so that a Donaghy & Beyler Property Consultant or one of our Directors can assist you with further information on several exceptional developments. We also urge you to visit North Cyprus and let us show you these opportunities in person.

Investment Procedure

With reference to the registration of a company, the legal form widely used for business undertakings in the TRNC, both by foreign investors and by local businessmen, is the private limited company. The provisions concerning the limited company are set out in the Company's Law, Cap 113, which is almost identical with the UK's Company Act of 1948.

The share capital required now is US$100,000 for foreign owned companies. However, if you have a Turkish Cypriot majority shareholder this figure is reduced considerably. Permission is obtained from the Council of Ministers for foreign ownership of TRNC registered companies, usually within two or three months of application. The foreign ownership can be from 49% to 100%.

A business permit is also required, which may be obtained from the Immigration Office. For more information on company formations in Northern Cyprus contact either of the professionally accredited firms of accountants shown below or alternatively email us and we will be happy to pass your details on.

Necat Ertugrul Bsc. MBA CPA
Tatar & Co Chartered Accountants
Mali Musavirlik ve Bagimsiz Denetim Sirketi
11 Hasane Ilgaz Sokak,
Lefkosa
Mersin 10, Turkey

Tel:	+90 392 228 3494 / 3475
Fax:	+90 392 228 2264
Email:	info@tatarandco.com

or

Arseven R. Gumush Bsc. FCA
A.R Gumush & Co. Chartered Accountants
12 Yildirim Beyazit Sokak,
Koskluciftlik,
Lefkosa
Mersin 10 - Turkey

Tel:	+90 392 228 34 09
Mbl:	+90 533 863 1644
Fax:	+90 392 228 84 35
Email:	arseven7@superonline.com

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