North Cyprus is gaining popularity among international investors looking for residency and potential citizenship opportunities. With its affordable real estate market, stunning Mediterranean coastline, and investor-friendly policies, many are wondering whether it is possible to obtain a North Cyprus passport through investment. Here’s what you need to know about visa options, residency requirements, and investment benefits.

Residency Options in North Cyprus

Foreign investors can obtain temporary or permanent residency in North Cyprus through property investment or long-term stay. The process is relatively simple and designed to attract expatriates and investors.

1. Short-Term Residency Permit

• Granted to property owners and long-term renters.
• Initially valid for one year and renewable annually.
• Requires proof of property ownership or a valid rental contract.
• Applicants must provide health insurance and proof of sufficient income.

2. Permanent Residency

• Available to foreigners who have resided in North Cyprus for five consecutive years without leaving the country for more than 40 days per year.
• Requires proof of stable income and property ownership.
• Applicants must show integration into Cypriot society.

Can You Get North Cyprus Citizenship Through Investment?

Unlike some other countries, North Cyprus does not currently offer a direct citizenship-by-investment program. However, long-term investors and residents may become eligible for citizenship under certain conditions.

Pathway to Citizenship in North Cyprus

• Foreigners who have lived in North Cyprus continuously for 10 years can apply for citizenship.
• Investors who significantly contribute to the economy (e.g., major business investments, employment generation) may be considered for citizenship by special decree.
• Citizenship applications are evaluated on a case-by-case basis and require approval from the Council of Ministers.

Investment Benefits in North Cyprus

Even without a direct citizenship-by-investment program, investing in North Cyprus offers several financial and lifestyle benefits:

• Affordable Real Estate Market: Property prices are significantly lower than in South Cyprus and other Mediterranean destinations.
• High Rental Yields: Popular tourist areas like Kyrenia and Iskele offer lucrative rental income opportunities.
• Tax Advantages: North Cyprus offers a low-tax environment for property owners and businesses.
• Mediterranean Lifestyle: Enjoy a high standard of living with beautiful beaches, mild weather, and a relaxed pace of life.
• Strategic Location: Close to Turkey, Europe, and the Middle East, making it a convenient hub for international business and travel.

Conclusion

While North Cyprus does not currently offer a citizenship-by-investment program, it provides residency options for investors and a pathway to citizenship through long-term stay. The country’s attractive investment climate, low property prices, and tax advantages make it a strong choice for those looking to relocate or invest in Mediterranean real estate.

Are you interested in buying property and securing residency in North Cyprus? Contact TrustPoint today for expert advice and tailored property investment opportunities!