North Cyprus
Pearl
of the
Mediterranean
Most
Productive Agency in
North Cyprus
RE/MAX Golden Estate Agency was established in 2003 in Kyrenia, Northern Cyprus. RE/MAX Golden brought the international property marketing giant RE/MAX of America to Northern Cyprus as the 4,729th RE/MAX office throughout the world.Currently RE/MAX Golden Estate Agency enjoys a well-deserved reputation of being one of the first professional Estate Agency services in Northern Cyprus. Since its inception, RE/MAX Golden has continuously grown to be one of the major players in the property market in Northern Cyprus. RE/MAX Golden Estate Agency also benefits from an international network of estate agency partners.All our team is highly trained and holds the relevant licenses. RE/MAX Golden Team consists of 16 sales agents, certified chartered surveyors and senior experts.Agency aims to provide its clients with the best, most reliable and the most transparent estate agency service. We are dedicated to make our clients happy and ensure they are satisfied.
WELCOME TO NORTH CYPRUS
Grand Inn / Nicosia
Salamis Ruins / Famagusta
NICOSIA The foundation of the city dates back around 2250 years and it is now the capital of the island with a population of around 110,000 and was developed mainly during the Lusignan period. The city is divided into Turkish and Greek sectors by a boundary known as the green line, which runs in an east - west direction. The ramparts, were built by the Venetians in 1570 to protect the city from the Turks. They encircle the city and are 4.5km in length and consisting of 11 towers. Inside the city walls are numerous remains of the Venetian and Ottoman periods. Examples of Gothic architectural forms include: The Selimiye Mosque (St.Sophia Cathedral), Bedesten (covered bazaar - St. George Cathedral) and a Lapidary Museum. Examples from the Ottoman period include: The Arabahmet Mosque, The Buyuk Han (Grand Inn), The Kumarcilar Han (Gamblers’ Inn), The Sultan Mahmut II Library and countless other monuments can also be found. Like the other towns of Cyprus, which remained under Ottoman rule for more than 300 years, Nicosia too is typically Turkish in character.
KYRENIA Kyrenia was founded in the 10th Century BC by Achaean settlers. The Byzantine, who built the original castle, fortified it again in the 7th Century and the castle was later expanded first by the Lusignans and then by the Venetians. The British built a harbour and a quay under British Empire and the town was an en-route resting place for officers, captains and their families for its picturesque situation, beautiful harbour and leisurely and romantic atmosphere. The town still retains its character with many restaurants and bars along the harbour and hotels spreading east and west of the town along the coastline, which rises to form an impressive backdrop with the mountains behind. The region, now an attractive holiday resort, boasts many historic sites worth visiting. Among these are the Kyrenia Harbour, Kyrenia Castle, the Shipwreck Museum, St. Hilarion Castle, Bellapais Abbey and the Cypriot Folk Arts Museum.
Golden Beach / Karpas
FAMAGUSTA Famagusta was founded by Ptolemy Philadelphus of Egypt in the 3rd Century BC. Originally a fishing village, Famagusta was grown by the influx of refugees first from Salamis in 648 then by the Christian refugees after the invasion of the Holy Lands (1291 AD.) It soon became one of the most important and wealthy cities in the region. At one time (early 14th Century) about 350 churches and many trading posts were built within the area, later fortified with impressive defensive walls by the Venetians. In 1372 the Genoese invaded the island and the city, sacking most of its wealth. In 1571 under the long siege by the Ottoman Turks many buildings were damaged by the cannon balls. The British used the stones to build the Suez Canal and the Quays of Port Said. In 1974 the City was again under siege by Greek Cypriots, with 11,000 Turkish Cypriots defending the city, until it was ended by the arrival of the Turkish troops. The important historical monuments worth visiting are: The Walls and Bastions, Lala Mustafa Pasha Mosque (St. Nicholas Cathedral) and Othello Tower. Also Salamis Ruins, Royal Tombs, St. Barnabas Monastery and The Ruins of Enkomi are places to visit around Famagusta. Visitors will also enjoy many fine beaches stretching miles along the coast of ancient Salamis.
Discover the North Cyprus...
Bellapais Abbey / Kyrenia
EMTAN CONCEPT LOCATION: KYRENIA New residence life is now rising with its magnificent view for our valuable clients in Kyrenia centre. Concept project consists of two different blocks named North Block (Block A) and South Block (Block B). The project comprises totally 74 flats including 2+1, 3+1 and 6 duplex penthouses. - 3+1 132 m2
- Generator
- 2+1 88 m2
- Elevator
- Penthouses 235 m2
- Central satellite system
- Open plan lounge and kitchen
- Visual intercom system
- Fitted wardrobes in bedrooms
- Fire alarm system
- Fully fitted kitchen
- Security cams
- Laminated flooring
- Central internet system
3+1 /132m2 apartments starting from 87,000.-GBP 2+1 /88m2 apartments starting from 65,000.-GBP 3+1 / 235m2 duplex penthouses starting from 199,000.-GBP
CRUISE LOCATION: KYRENIA RE/MAX Golden proudly presents “Cruise” Modern luxury designed apartments with the comfort of a private villa. Each unit with its own transparent overflow pool offering wonderful views of the sea, marina and mountains. Just a few meters walk to the sandy beaches located in Central Kyrenia. Prelaunch prices starting from £74.000 Last 10 remaining apartments!
2+1 apartments starting from 74,000.-GBP 3+1 apartments starting from 126,800.-GBP 4+1 apartments starting from 175,500.-GBP
SOREK APT. LOCATION: KYRENIA Kyrenia. The Jewel of Cyprus. This exciting project is a wonderful investment opportunity. Situated in the heart of Kyrenia Center, this project is within walking distance to all local amenities.
Specifications: - 2 bedroom fully furnished and rented - Current rent is 375GBP - 65 sqm each apartment - in total 9 apartment but can be extended to 12 apartments
With a little renovation this project has potential to be the Jewel of Kyrenia with it 9 % rent return. Minimum start sale price of each apartment is 75,000.-GBP Price: 600,000.-GBP
MAYTOWN LOCATION: KYRENIA Minimum investment, Maximum profit‌ This great investment opportunity has an excellent rental return. It offers 10 % rent return per annum. The colourful design is a sought after project ideal for students and small families. Located within a stone’s throw away from the Girne American University (GAU), this project is an opportunity not to be missed. Specifications: - 1 bedroom apartment - Quality flooring throughout - Fitted kitchen - Solar Energy System - Bathroom
Price: 42,000.-GBP
AVRASYA PREMIUM LOCATION: KYRENIA “Avrasya Permium” invites you to the zenith, with its unique central location, modern architecture and breathtaking sea and mountain views! “Premium” knows what kind of life you desire.
- Fitted wardrobes in all bedrooms - Ceramic or laminated flooring - PVC double glazed windows
- Internet infrastructure - Satellite infrastructure - Modern elevator - Intercom system
- PVC double glazed doors - Closed car park
1+1 flats 47 m2 starting from 47,500.-GBP 2+1 flats 92m2/103m2/83m2 starting from 75,000.-GBP 3+1 flats 165m2 starting from 150,000.-GBP 2+1 Penthouse 145m2 starting from 175,000.-GBP
VADI EDREMIT LOCATION: KYRENIA Vadi Edremit consists of 20 private villas; each villa rests on 525m2 land and has sea view’s that will never blocked by other houses. Due to the ideal location, the residences are ideal to be used as permanent homes or as holiday homes but they also make a unique property investment opportunity. Vadi Edremit guarantees breath-taking views from its prominent location, combining both mountain scenery and panoramic views of Kyrenia’s coastline. Inside the villa offers spacious open plan ground floor area with fully fitted kitchen, guest bedroom or office room, WC and good size lounge. The lounge is bright and spacious and offers access to a balcony overlooking the pool and a back terrace ideal for BBQ dinners. The first floor comprises of 3 double bedrooms, master with en-suite and walking wardrobe, fitted wardrobes and large panoramic windows and a terrace offering beautiful panoramic views. Only 7 villa left. Price starting from 195,000.-GBP
ATA TOWER LOCATION: KYRENIA Ata Tower is located in the Center of Kyrenia, just opposite the new Municipality Building and Cultural Center. The project is consists of 17 apartments. Apartments of the project are designed as 2+1 concepts which sizes change between 66 m2 and 77 m2. Unique Penthouse on the 10th floor with 2 bedrooms 95m2 and 80m2 large terrace, 360o views of Kyrenia Castle and New Harbour, private pool, fireplace and optional Jacuzzi. The project will be completed in September 2017.
- Aspiring and ideal modern architecture, - First class materials and workmanship, - Communal swimming pool for building, - 2 basement parking spaces for each apartment, - From -2nd basement to 10th floor elevator, - Visual intercom system, - Ceramic granite or laminate parquet flooring options.
2 bedroom apartments starting from 89,000.-GBP 2 bedroom penthouse 399,900.-GBP
DIAMOND PARK LOCATION: KYRENIA This modern 2 and 3 bedroom apartments situated right in the heart of Kyrenia Center. This brand new project is consisting of 80 apartments. Close to the city centre and all local amenities. - Security cameras - Electrical water heater - Central satellite - Colourful diaphone system - The Smart building system - Swimming pool - Heat insulated aluminium windows - Lacquer or massive interior doors - High gloss, acrylic or lacquer kitchen and bathroom furniture - Laminated parquet covered bedrooms (optional) - 60X60 ceramics tiles
122 sqm 2 bedroom apartments starting from 80,000.-GBP 145 sqm 3 bedroom apartments starting from 95,000.-GBP
PRIVATE VILLA LOCATION: NICOSIA “Unique Property for a Unique Buyer” A four bedroom detached villa for sale located in Yenikent within easy access of Nicosia city centre. This fantastic spacious property set on a large plot and has been constructed with the most modern building materials and one can enjoy all the comforts of a modern life. The ground floor of the house consists of a large living/dining area, a large kitchen, kitchenette and guest WC. The 1st floor has four bedrooms, the master bedroom is en suite has walking wardrobe and there is a further family bathroom. The property has central heating and laminate parquet flooring in the bedrooms. The property is surrounded by lawns and mature gardens and has a BBQ area, large car parking spaces, three of which are covered. This property is brand new and characterized by its unique plan and construction. Must be seen to be appreciated! - 525 m2 - 4 bedroom - 1 en-suite - Master bedroom with walking wardrobe - Fitted wardrobes in bedrooms Price 480,000.-GBP
- Fully fitted kitchen - Laminated flooring in bedrooms -Central heating - Spacious terraces - Covered garage
LAND + DORM LOCATION: KYRENIA 5566 m2 Central Kyrenia Land + Dorm for Sale. 8890 m2 construction area Available ground area: 2222 m2 Total area: 4205 m2 Grand usage area 40% Construction area 160 % Has right to extend building to 4960 m2 Has a total of 8890 m2 available for construction. Has capacity for 400 pax dorm. This year has had 270 students placed there that requested to stay as a single.
Price 8,700,000- Euro
LAND LOCATION: KYRENIA Zero to sea land located on Karakum Coast ( seafront. ) 7 donums, 3,500 square feet size ( 10,697 m2. ) Ground floor 50%, 1st floor 50% in total, up to 100% building allowance which can be raised up to 120%. This land can be convenienced to built a zero to sea private villas, boutique hotel, restaurant, bar, leisure centre, holiday village and touristic places 3 km’s driving away from Kyrenia in East Price: 3,000,000.-GBP
LAND LOCATION: KYRENIA 493 sqm Prime land in Central Kyrenia located one of the busiest roads running through the city. The land has a project with permission to build according to the old building laws which has now changed giving it a further advantage. The project has allowance of a 10 storey and 200 % building allowance. The new allowance is 5 storey and 160 %.
Price: 850,000.-GBP+TAX
LAND LOCATION: KYRENIA 1060 sqm
This is a rare opportunity to buy a land situated in the heart of Kyrenia. A perfect location for commercial use, on the road leading to harbour coastline and city center. There is a new 5 star Hotel and project about to begin this year.
Priced: 1,000,000.-GBP
LAND LOCATION: KYRENIA This beautiful land is 1227 sqm by the sea and there is 450 sqm old house sitting on it, suitable for any kind of renovation, business or residential with private access to beach.
Price: 1,250,000.-GBP
LAND LOCATION: KYRENIA 6 donums 1 evlek ( 8,362 m2 ) size land located in Kyrenia City just off Zeytinlik Village. Available to build a compound up to 5 stories apartments. Nice sea and panoramic views from the land due to the unique position. Water Well is available. Walking distance away from one of the most busiest main road where you can find the nice Coffee Shops, restaurants, Shops, Shuttle bus stops.
Price: 3,300,000.-GBP
LAND LOCATION: KYRENIA One of the last available land suitable for touristic purposes is situated on the coastal region of Ozankoy 2.5km East of Kyrenia. Plot size is 42 donum (56,775 m2) and has a Turkish title deed. Our land is located 2.5 km east of Kyrenia Center. It has about 600 meter sea line with three bays. The land is flat and convenient for construction. The land has a 60% building allowance. The land size allows a 500 bed capacity hotel which is required for a five star Hotel with casino.
Price: 30,000,000.-GBP
LAND LOCATION: KYRENIA 2340 sqm
This land is located in Alsancak on the sea coast next to the best 5 star Hotel’s.
- 35% building permission, - Private beach.
Price: 1,350,000.-GBP
LAND LOCATION: KYRENIA 9 donums (12,042 sqm ) size land located in Upper Kyrenia with panoramic Sea and Mountain views. Public road access. Building allowance is 20% up to 2 floors, can be rised up to 35% ( ground floor 20%, 1st floor 15%). Land is appropriate for building private luxurious individual villas. Easty access to Kyrenia-Nicosia dual carriage road and City Centre
Priced: 1,200,000.-GBP
LAND LOCATION: KYRENIA 1 donum 3 evlek 2500 square feet (2824 m2) 3 parcel Turkish Titled land in a very nice quiet location to the edge of the village Ozankรถy, water and electricity is very close by and good access. The land is in a residential area and an ideal location for a development of apartments or villas.
1 donum 2900 a2 95,000.-GBP 1 evlek 2900 a2 60,000.-GBP 1 evlek 3000 a2 60,000.-GBP
Total Price 215,000.-GBP
LAND LOCATION: KYRENIA 3 dönüm 2 evlek 300 a2 plot of land is situated in Edremit with clear sea and mountain view. Perfect for villa development.
Price at 400,000.-GBP
LAND LOCATION: KYRENIA This land is situated in the heart of the Nicosia in the sort after main street of Dereboyu.
At 2 evlek 100 sqft with Turkish deed has corner 10 storey/floor permit with 200% construction.
Price: 2,450,000.-GBP
Company Incorporation process in Northern Cyprus Company Incorporation process in Northern Cyprus: The legal form widely used for business undertakings in the TRNC both by foreign investors and by the local businessmen, is the private limited company. The provisions concerning the limited companies are set out in the Companies Law, Cap. 113. In relation to setting up company, TRNC laws allow %100 foreign partnership. However, if the field of activity is property development or buying more than one or bigger than 1340 Square meter land the majority shares (i.e. 51%) should be hold by TRNC citizens. For such incorporation, 100.000 USD should be deposited as capital contribution of the company. This money is regarded as capital of the company, and the blockage on this amount is lifted once the incorporation is completed. The incorporation process is as follow: a) Company Name Search; b) Ministry of Economy Affairs Approval; c) Companies Registry Approval; d) Registry to Tax Office. Corporate Structure to Secure the Foreign Shareholders’ Interest: As mentioned above, the foreign shareholders can only own 49% in a company if the Company is ıntendıng to regıster more than one proeprty or bigger than 1340 sqaure meter land and the majority of the shares in the company (i.e. 51%) should be owned by TRNC citizens in accordance with the Immovable Property Acquisition (Foreigners) Law (the “Law). In order to minimize the risks, besides the below mentioned mechanisms, the shareholding percentages that the TRNC citizens own can be divided into portions. As an example, in a property company having 51% TRNC citizen shareholding, a TRNC citizen nominee may hold less than 51% (i.e. 49%) and another TRNC citizen nominee may hold 2% so that together the total shares that the TRNC citizens hold in the company become 51%. In this way, the foreign shareholders shall be in majority with 49%, however, no shareholder in the company shall be able to get a shareholders resolution by himself. a) Trust Mechanism: This mechanism includes a trust deed to be signed by all the TRNC citizen shareholders (hereinafter referred to as the “nominee shareholders”) and the foreign shareholder(s) that the nominee shareholders are holding the shares in the company as nominees, all the rights arising from the shares (including but not limited to voting, dividend, appointment of the directors and auditor rights etc.) belong to the foreign shareholders, the nominee shareholders shall transfer the shares to foreign shareholders and/or their nominees immediately whenever required by the foreign shareholders. We may send you a draft Trust Deed in due course upon your instructions.
BUYING A PROPERTY IN TRNC BUYING A PROPERTY IN TURKISH REPUBLIC OF NORTHERN CYPRUS (TRNC) Buying a property in TRNC can be a complicated and strenuous procedure for those who are not familiar with the law and legal procedure. At MS Advocates and Legal Consultants we pride ourselves with the benefit of many years of extensive experience in the conveyancing procedures for the sale and purchase of both residential and commercial property in North Cyprus. TAXES IN RELATION TO PROPERTY PURCHASE There are four main taxes involved in any property sale and purchase transaction these taxes are: • Capital gains tax • V.A.T. • Transfer fee • Stamp duty Capital Gains Tax Capital Gains Tax (Stopaj) which is payable to the Tax Office is payable by the Vendor. The Tax Office requires a copy of the Contract of Sale to be presented to it prior to transfer of title. It will then calculate the Capital Gains Tax based on either the Assessed Value or the Contract value, whichever is the highest. V.A.T. The Tax Office requires a copy of the Contract of Sale to be presented to it prior to transfer of title. It will then calculate the VAT based on either the Assessed Value or the Contract value, whichever is the highest. V.A.T is currently 5% of Assessed Value or the Contract Value. The payment of VAT depends on whether or not the transaction is subject to VAT. This depends on whether the Vendor (the person who has title to the property not simply contractual ownership or possession of the property) is deemed by the Tax Office to be a ‘Professional Vendor’ (i.e. whether the transaction is of a commercial nature or for profit). If the Vendor is deemed to be a Professional Vendor, the transaction will be subject to VAT. If the Vendor is a private individual, not a Professional Vendor, the transaction will not be subject to VAT. Transfer Fee Transfer Fee which is payable to Land Registry Office just before transfer of title takes place is usually paid by the purchaser and is is currently 6% of the property assessed value or the contract price whichever is the highest. Everyone is entitled to a once in a lifetime exemption to pay 3%. Stamp Duty Stamp duty which is payable to the Tax Office and is calculated on the contract value of the property. Generally Stamp Duty is payable by the Purchaser, although this can always be varied by the parties by an express clause in the Contract of Sale. All Contracts of Sale must be registered at the District Lands Office within 21 days of being signed and it is now compulsory for the Stamp Duty to be paid at the rate of 0.5% before registration can take place.
HOW WE CAN HELP At MS Advocates and Legal Consultants our English speaking lawyers offer independent and professional services to our clients wishing to purchase immovable property and assist and facilitate secure and efficient transactions from preliminary investigations to post completion stage. At the initial meeting we will obtain the particulars of the property you have chosen to purchase and look at any informal agreements you have made with the vendor regarding the purchase price, payment schedule and any items included in the sale. We will explain the procedure that you will need to follow including the taxes and fees you will need to pay and recommend that a lawyer is appointed to carry out the preliminary investigations on your behalf to ensure the transactions are carried out securely and efficiently. The general principles of our services are outlined below:a) In order to protect your rights and interests we will prepare a Contract of Sale tailored to your specific requirements identifying the particulars of sale, the completion dates, responsibilities of both parties and default penalties and compensation clauses. The contract will be given to you and the vendor for review and if both parties are satisfied with the contents the contract will be signed. b) We will undertake a land regisrty search at the relavant Land Registry Office in order to confirm that the seller is the registered freehold owner of the immovable property, that the property is free from any liens, charges or encumbrances. We will analyse the documents and check that the relavant building permits, construction permissions and approvals have been obtained. c) Once we are satisfied with the results of the search we will proceed to register the Contract of Sale at the District Land Registry office. It is compulsory for the registration of all contracts of sale for the purchase of immovable property at the District Land Registry office within 21 days of the contract being signed and for the stamp duty to be paid at the rate of 0.5% of the property value before registratıon can take place. Registering the contract ensures that you are protected from the property being sold or transferred to a third party and from any subsequent liens being placed on the property. d) Under the laws of the TRNC non-TRNC Citizens are entitled to take title to only one property up to a maximum area of 5 donums per household providing that the property only consists of one dwelling (unless you form a company or constitute a trust with a local person). The Immovable Property Acquisition and Long term Lease (Aliens) Law (52-2008) of Turkish Republic Northern Cyprus (TRNC) requires that every non-TRNC citizen has to obtain Permissıon to Purchase from the TRNC Council of Ministers before the title to the property can be registered in their name. At MS Advocates and Legal Consultants we will make the applicatıon for a purchase permit on your behalf. e) The Council of Ministers will carry out relavant searches these include land searches, military searches and immigration authorities searches. The Council of Ministers will also need to be satisfied that you are of good character and have no criminal records. Provided that these are satisfactory permission to purchase wıll be granted. We will notify you once your permission has been granted and we will complete the necessary land registry valuation forms. The taxes due on completion will be paid and we will then instigate the transfer of the title deeds into your name. The obtainıng of permission to purchase is a long procedure and can take up to two years or longer but this does not mean that you wıll be unable to take possession your new property once the contracts have been exchanged. At MS Advocates and Legal Consultants our staff will always be on hand to deal with any queries you may have and we will assist you at every stage of the process to ensure that you have the satisfaction of enjoying your property without having to worry about the legal procedures.
CITIZENSHIP BY INVESTMENT Citizenship by Investment in Cyprus According to the programme a non-Cypriot investor in Cyprus economy may apply for the acquisition of the Cypriot citizenship through Naturalization by exception. Advantages: • An express procedure. Within 3 months from the moment the documents have been submitted, the passport is issued for an applicant and his spouse, and then within one more month to the dependent children; • No need to reside in Cyprus any single day. This is not something up to the government official’s judgment – the directive is clear: no need to reside in Cyprus. Some applicants were coming only once to submit the fingertips; • The investments must be kept in place for 3 years. After the expiration of the 3 years, the assets can be realized while the passport remains. The Directive stipulates that a property of minimum value of €500,000+VAT must be kept as a residence FOR LIFETIME- can be exchanged for another property but of the same value. Vat can be reduced from 19% to 5% provided that it is used as the primary residency of the applicant under certain conditions. • All moneys are invested for the benefit of the applicant in own assets. • An applicant is receiving not just a passport, but an EU passport. That means he can enjoy the basic freedoms of the EU Treaties such as freedom of establishment and movement throughout the EU. The applicant can freely reside, establish work, study, have business in any of the EU-member states as well as in the EEA countries: Switzerland, Liechtenstein, Norway and Iceland, and also travel visa-free in 157 countries in total. EU passport not only provides an opportunity to spend as much time and work throughout the EU with no visa requirements or working permits. Benefits of acquiring Cyprus Citizenship by Investment • Citizens have the right to live and work within the 28 countries of the EU • Protection by the diplomatic or consular authorities of any EU country • Right to vote and stand for European Parliament elections • Free movement of goods, services and capital • Visa-free travel to over 157 countries including the EU and Canada • Citizenship can be passed to future generations by descent • No need to renounce previous nationality as dual citizenship is allowed • Cypriot Citizenship by Investment can be obtained within 6 months • Cyprus is a common law jurisdiction • Cyprus Residence Permit is issued within 5 days from the submission of a joint application for residency and citizenship by investment. Recent Amendments: In September 2016 , the Government of Cyprus introduced changes to its citizenship-by-investment program. The changes include the reduction of the minimum investment amount to EUR 2 million (from EUR 2,5 million) and the possibility to include the parents of the main applicant provided that an additional EUR 500,000 + VAT will be invested in the purchase of a private residence in Cyprus. Any non-Cypriot citizen may apply for Cypriot citizenship through Naturalization by Exception if they meet one of the
investment criteria presented below. The qualification may either be done personally or through a company/companies in which the applicant acts as a shareholder or even as a high-ranking senior manager. 1. Investment in real estate, developments and infrastructure projects The applicant should make an investment of at least EUR 2 million for the purchase or construction of real estate. 2. Purchase, establishment, or participation in Cypriot businesses and companies The applicant must make an investment of at least EUR 2 million in the purchase, creation or participation in businesses or companies that are based and operating in the Republic. These businesses or companies should have a demonstrable and tangible presence in Cyprus and employ at least five Cypriot citizens. 3. Investment in Alternative Investment Funds or financial assets of Cypriot enterprises or Cypriot organizations licensed by the Securities and Exchange Commission The applicant should purchase units amounting to at least EUR 2 million from Alternative Investment Funds (AIF). This criterion also covers the purchase of financial assets of Cypriot businesses or organizations for at least EUR 2 million, in the form of bonds, securities and debt securities. 4. Combination of the above investments The applicant may invest in a combination of the above, provided that the total investment amounts to at least EUR 2 million. The applicant’s investment combination may include the purchase of special government bonds of the Republic of Cyprus of up to EUR 500,000. Another important requirement that applies, regardless of the investment option chosen, is the purchase and life-time possession of a property in Cyprus that will be declared as the applicant’s residence in Cyprus. The purchase price of the particular property should be at least EUR 500,000 plus VAT. In the case that the applicant proceeds with the real estate option, this property can be included in the EUR 2 million investment (VAT is additional to the investment requirement.)
Please Contact us for the confirmation of your eligibility for the appliction and allow us to provide you full service with our associated partners for a brighter future.
Aslan Seckin Sokak No: 16 Girne/Kyrenia Kibris Mersin 10 Turkey Tel: +9 0392 815 4151 • Fax: +9 0392 815 4151 Web: www.msokeradvocates.com Email: info@msokeradvocates.com Adv. Mustafa Soker - Advocate Lawyer & Legal Consultant: Email: msoker@msokeradvocates.com Mob: +9 0533 863 0332
WHO WE ARE? WHAT WE DO? North Cyprus Chartered Surveyors offers professional and global services to the domestic and foreign individuals, professionals and firms in the real estate sector in Northern Cyprus.
• We provide independent valuation and consultancy management services with the objectivity, transparency and equity. • The services are provided by the innovative and dynamic structured RICS Members with the strongly considering the client needs and transparent relationships avoiding the conflict of interests. • Changing conditions, technology, economic and politic circumstances in Cyprus are also considered with the requirements of principal lifelong career development service concept. • We embrace and adopt the RICS ethics as our company ethics and promote in Northern part of the island.
- OUR MISSION AND AIM Our one of the most important mission is to raise awareness and professional approach importance with the maintaining ethics and independent service in real estate sector and its benefits to others in Northern Cyprus. At the same time, to resolve the data base gap in this area for the northern part of the island. To meet the country with the equitable service is also our prior aims.
OUR SERVICES
• Real estate Valuation • Consultancy Management • Real estate Investment consultancy • Legal Consultancy in Real Estate and Witness • Market Researches • Professional Reporting
Confidence through professional standards
WE EMBRACE AND ADOPT THE RICS ETHICS AS OUR COMPANY ETHICS AND PROMOTE IN NORTHERN PART OF THE ISLAND.
CONTACT WITH US
www.nccsltd.com Gizem SAKALLI MRICS
Benan KÜRŞAT MRICS
Chartered Valuation Surveyor Building Surveyor gizlem@nccsltd.com
Chartered Management Consultancy Surveyor Senior professional benan@nccsltd.com
Cemaliye Öztoycan +90 533 885 5180 cemaliye@remaxgoldencyprus.com
Ali Kaan +90 542 858 5588 ali@remaxgoldencyprus.com
NOTES:
FORE MORE INFORMATION PLEASE CONTACT WITH OUR PROFESSIONAL SALES CONSULTANTS