How to Register for Social Insurance in North Cyprus If you plan to work, run a business, or employ staff in North Cyprus, registering for Social Insurance  is a legal requirement. Whether you are an employee, employer, or self-employed individual, understanding the process early will help you avoid fines, delays, and unnecessary bureaucracy. This guide explains how to register for Social Insurance in North Cyprus , who needs to register, what documents are required, and what

How Business Tax Works in North Cyprus - Introduction Understanding how business tax works in North Cyprus  is essential for anyone planning to start, relocate, or operate a company on the island. One of the main attractions of North Cyprus for entrepreneurs is its straightforward and relatively low-tax business environment , particularly when compared with many EU jurisdictions. This guide explains business taxation in North Cyprus in plain English, covering corporate tax, V

Hiring foreign staff in North Cyprus is common across sectors such as hospitality, construction, education, healthcare, and tourism. However, employers must follow TRNC labour and immigration regulations  carefully to avoid fines, work stoppages, or permit cancellations. This guide explains how to hire foreign staff in North Cyprus legally and efficiently , covering work permits, employer responsibilities, costs, timelines, and common mistakes. _______________________________

How to Open a Business and Obtain a Work Permit in North Cyprus A Complete Guide for Foreign Entrepreneurs Opening a business in the Turkish Republic of Northern Cyprus (TRNC) has become increasingly attractive for foreign investors looking for a stable, low-tax environment and a high-quality Mediterranean lifestyle. While the process is straightforward, it does require understanding the legal and administrative steps relating to both company formation  and work permit applic

Insurance in North Cyprus - Whether you live in North Cyprus, are planning to move here, or you own property on the island, understanding how insurance works is essential. The TRNC offers a wide range of insurance services for residents, expats, students, property owners, businesses, and tourists. This guide explains everything you need to know about insurance in North Cyprus in simple terms — including the types of insurance available, what they cover, and how to choose the

The Registrar of Companies in North Cyprus: A Complete 2025 Guide Looking to start a business in Northern Cyprus? One of the first and most important steps is understanding the role of the Registrar of Companies . Whether you’re a foreign investor, a local entrepreneur, or simply researching how businesses operate in the TRNC, this guide breaks down everything you need to know — clearly and simply. __________________________________________________________ ❓What Is the Regist

The Story of Panama Home: A Dream 30 Years in the Making The Story of Panama Home: A Dream 30 Years in the Making Every business has a story, but some stories carry a special kind of warmth — the kind that comes from perseverance, passion, and a lifelong dream finally coming true. Panama Home, the newest home textiles and décor store in Esentepe, is one such story. At its heart is a woman named Emne Mutlu , born in 1973, whose life has been shaped by hard work, family values,

Why Every Business in North Cyprus Should Be on Google Maps and Have a Google Business Profile Why Every Business in North Cyprus Should Be on Google Maps and Have a Google Business Profile If you own a business in North Cyprus, there’s one free, powerful tool that can dramatically increase your visibility — Google Business Profile (GBP) , formerly known as Google My Business . Whether you run a café in Kyrenia, a hotel in Famagusta, or a trades service in Nicosia, being list

Why Every Business in North Cyprus Needs a Website Why Every Business in North Cyprus Needs a Website In the fast-moving world of digital marketing, your online presence  is the modern-day shopfront of your business. For many businesses in North Cyprus , social media platforms like Facebook  and Instagram  seem like enough — until they’re not. Relying solely on social media is like renting a shop: you don’t own the building, you can’t control the rent, and one day, it could c

Central Bank of the Republic of Türkiye (CBRT)   cuts key one-week repo rate from 40.5% to 39.5% . 🏦  On 23 October 2025 , the Central Bank of the Republic of Türkiye (CBRT)  announced a 100-basis-point rate cut , bringing its key one-week repo rate down from 40.5% to 39.5% .The move was smaller than previous cuts earlier in the year, reflecting caution amid stubborn inflation and economic headwinds. According to Reuters, the CBRT signalled it was still focused on promoting

Fruit & Vegetables on Sales at a Local Market in North Cyprus Fruit & Vegetable Prices in Northern Cyprus - Introduction Although the costs of living in Northern Cyprus have traditionally remained moderate compared with many European destinations, recent months show key signs of pressure when it comes to fresh fruit and vegetables. This article focuses exclusively on the local market in Northern Cyprus, drawing on the most recent surveys, news-reports and market observations

Minimum Wage Increased by 17.79% in North Cyprus The Minimum Wage in North Cyprus is set by the Minimum Wage Determination Commission and usually reviews the minimum wage twice a year. At its most recent meeting the minimum wage was increased 17.79%, which is in line with the most recently announced subsistence level. Minimum Wage Increases in North Cyprus - The new minimum wage is now: Monthly 51,202 Weekly 11815.84 Daily 2363.16 Hourly 295.39

If you're visiting or relocating to Northern Cyprus, one of the first practical questions you'll ask is: Where should I exchange my money for the best rate? Here’s everything you need to know to make sure you’re getting good value on currency exchange . 💱 What Currency Is Used in Northern Cyprus? The official currency is the Turkish Lira (TRY) .However, euros, pounds, and US dollars  are widely accepted in tourist areas, property markets, and by many businesses. Still, for d

📈 April 2025 (Flat‑rate residential tariff) 0–250 kWh: 4.804 TL/kWh  (~€0.109) 251–500 kWh: 9.912 TL  (~€0.225) 501–750 kWh: 10.657 TL  (~€0.242) 751–1000 kWh: 11.552 TL  (~€0.262) Over 1000 kWh: 13.807 TL  (~€0.314) Plus, a fixed monthly service charge of approximately 79 TL  (~€1.80) Comparison with Republic of Cyprus & EU In the Republic of Cyprus, household electricity costs about €0.325/kWh  (as of mid‑2024) Northern Cyprus is generally slightly cheaper , but the gap h

North Cyprus Cost of Living The Statistical Institute reported that the Consumer Price Index (CPI) increased by 1.42% in June 2025 compared to the previous month. The six-month increase in the cost of living was 17.79% , and the annual increase of the index was 35.78% compared to June 2024. Trends by main expenditure groups The highest monthly increase was recorded in the category "Restaurants and Hotels" — 8.14% . North Cyprus Consumer Price Index Changes in other cat

Opening a new bank in Northern Cyprus (TRNC) Opening a bank in North Cyprus Establishing a bank in the Turkish Republic of Northern Cyprus (TRNC) is governed by the Banking Law  and overseen by the Central Bank of the TRNC . The process involves several key requirements and steps: 🏦 Key Requirements to Open a Bank in Northern Cyprus Legal Structure The bank must be established as a public limited company  under the TRNC Companies Law. The company's name must clearly indicate

Cost of Living Guide for North Cyprus Cost of Living in North Cyprus North Cyprus has long been a popular destination for holidaymakers, retirees, and expats thanks to its natural beauty, slower pace of life, and comparatively low cost of living. But what does it really cost to live here in 2025? Whether you're planning a short stay or a permanent move, here’s a practical breakdown of what to expect. 🏠 Housing & Rent Accommodation is one of the biggest factors when calculati

Dima has continued its expansion operations and opened a new store in the Esentepe area. Situated opposite the entrance to Turtle Bay, the store allows local residents to stock up on groceries and many non-food items without having to go into Girne or Lefkosa. Congratulations to Dima on their new store. Dima Esentepe Dima expands

Iskele Coastline in North Cyprus Executive Summary Iskele, North Cyprus, has emerged as a premier destination for investors, retirees, and tourists due to its stunning coastline, rapid development, and strategic location. Rebranding Iskele as "The Iskele Riviera" would enhance its appeal, positioning it alongside other world-class Mediterranean destinations. This white paper outlines the benefits, strategies, and key considerations for successfully executing this rebranding

Executive Summary North Cyprus faces a range of monetary challenges stemming from its limited recognition, reliance on foreign currencies (primarily the Turkish lira), and restricted access to global financial systems. A Central Bank Digital Currency (CBDC) could offer a strategic tool to enhance monetary sovereignty, boost financial inclusion, modernize the payments system, and increase economic resilience. This white paper outlines the potential benefits, considerations, an