Northern Cyprus continues to present a complex employment landscape. While headline unemployment figures appear relatively low, deeper analysis — particularly among young people and women — reveals structural imbalances that warrant attention. Below is a breakdown of the current labour market position and what it may signal for the coming years. ____________________________________________________________________ Labour Market Overview ·         Employment rate:  48.4% ·     

📌 Introduction Northern Cyprus (KKTC) has taken decisive environmental action by introducing a comprehensive single-use plastics ban  aimed at reducing plastic pollution and protecting natural ecosystems. This landmark regulation affects both consumers and businesses, with new rules phased in from 2023 through January 1, 2026 . _____________________________________________________________ 🗓 Timeline of the Ban July 11, 2023:  The first phase of the ban came into force, rest

Northern Cyprus Inflation January 2026 Hits 39.4% Annual Rate The Statistical Service has released its latest Consumer Price Index figures, showing inflation increased by 1.97% in January  compared with the previous month. The same rise was recorded compared with December of the previous year, bringing the annual inflation rate to 39.40% . The data reflects continued cost pressures across multiple sectors, with communications and health-related expenses seeing particularly sh

The net minimum wage in Northern Cyprus is set to increase significantly in February, providing welcome financial relief for thousands of workers. The announcement was made on January 26 in parliament by Prime Minister Ünal Üstel , who confirmed that the new minimum wage will be tax-free  and supported by additional government contributions. _________________________________________________________ New Net Minimum Wage in Northern Cyprus Confirmed From February, the net mini

Taxi Fares in Northern Cyprus Taxi fares in Northern Cyprus have increased significantly at the start of the new year, leaving residents and visitors surprised by how expensive even short journeys have become. Following a 40% rise in public transport fares , taxi tariffs have now followed the same upward trend — with some airport taxi journeys costing more than an international flight . ___________________________________________________________ Airport Taxi Fares Now Exceed

TRNC mandatory salary bank payments The Turkish Republic of Northern Cyprus (TRNC)  is set to introduce a significant change to employment practices with new legislation requiring salary payments to be made via bank accounts  for enterprises employing five or more staff . The bill was presented to parliament on 26 January 2026  by Oğuzhan Hasipoğlu , Minister of Labour and Social Security, and is scheduled to come into force on 31 March 2026 . ________________________________

Residents across North Cyprus are facing a fresh round of cost increases, with higher prices announced for essential dairy products and an adjustment to electricity tariffs. From milk and yoghurt to household electricity bills, these changes will affect everyday spending for families, businesses, and the hospitality sector alike. ______________________________________________________________________________ North Cyprus price increases 2026 KOOP SÜT Announces New Dairy Prices

If you are applying for work in Northern Cyprus, submitting a standard UK or EU CV can significantly reduce your chances of success. Employers in the TRNC (Turkish Republic of Northern Cyprus) have very specific expectations , particularly around residency, work permits, and practical experience. This guide explains exactly what should be included in a TRNC-focused CV , how it differs from international formats, and how to structure it to meet local hiring requirements....

Businesses across North Cyprus (TRNC / KKTC)  are preparing for a significant regulatory change affecting how sales are recorded and receipts are issued. From 1 January 2026 , vendors required to issue fiscal receipts must transition from old-style cash registers  to new-generation POS and fiscal cash register systems  that meet updated tax compliance rules. This guide explains what the new POS system requirements in North Cyprus are , who it affects , and how businesses shou

Finding work in North Cyprus (TRNC) is very different from job-hunting in the UK or mainland Europe. The market is smaller, more relationship-driven, and heavily shaped by work-permit regulations. This guide explains how to find a job in North Cyprus , what help (if any) the government provides, the role of employment agencies, and what fees or commissions you should realistically expect. _______________________________________________________________________ Introduction If

Key Takeaways The Turkish Lira (TRY) is likely to continue weakening in nominal terms  over the next 2–3 years. The pace of depreciation is expected to be slower and more controlled  than in previous crisis periods, provided current policies remain in place. Inflation control, Central Bank credibility, and global market conditions will be the decisive factors. For North Cyprus residents and businesses, planning for gradual depreciation rather than sudden collapse  is the most

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