Relocation to North Cyprus: It’s an exciting time!

While you know this move will help you experience the retirement lifestyle you have always dreamed of,getting to your new location comes with some questions. This article will give you the facts you need to make confident decisions as you plan for your relocation to North Cyprus.


Getting a Residency Permit

You’ll go through the TRNC-designated ports and border crossings when you enter the country. You’ll need a valid passport or travel document. Foreigners who enter the country intending to become a resident can be granted a Visa for up to 90 days. The Visa allows you time to go through the process of applying for short-term residency or long-term residency. An online system is available to help you through the application process.

North Cyprus Living Benefits

There are a lot of benefits to living in North Cyprus. The climate is exceptional, and the island is a safe place to live. As a retiree, you can appreciate the affordable cost of living and the fact that there is no tax on pension incomes. Your health will be well taken care of in
North Cyprus, too.

Healthcare in North Cyprus

The island boasts both private and public hospitals. Both are equipped with quality technology and materials and staffed by highly trained doctors and nurses. Once granted residency in North Cyprus, you are entitled to use public hospitals. With your residency
application, you will have indicated the health insurance you carry. So, using healthcare services in North Cyprus can be affordable.

Retirement Homes in North Cyprus

Island life offers many opportunities for retirees. Whether you plan to rent or buy a property, location will be an important consideration. Which community in North Cyprus fits your lifestyle best?

North Cyprus Living Offers:

• A quiet retreat in the country or mountains

• Towns with hospitals, dentists, shops, restaurants, and entertainment

• Expat communities with new housing developments

Once you determine a location, you can consider the amenities you seek. You may want a large plot of land for your garden or a private pool that serves as your personal oasis. No matter your vision, a property in North Cyprus is ready to meet your needs.

Renting

Consider the commitment you want to make when selecting your property. Renting may be the best option if you’re planning a short-term residency. It gives you a space to call home without a significant financial commitment. Renting can also allow you to get more familiar with the island before you buy. Rental commitments in North Cyprus look a lot like they do in your home country. Generally, you need to pay two deposits and one month’s rent upfront. Additionally, landlords require references. Renting can cost £300+, depending on the size.


Buying

If you’re ready to make an investment, buying may be your best option. Foreigners are allowed to buy property in North Cyprus, but first, you must apply for “Property Purchase Permission” from the TRNC. This process can take from three to eight months. Once
approved, Non-TRNC citizens can purchase one property or one acre of land. A development firm like Kıbrıs Developments is a great partner in helping potential buyers navigate this process. Generally, you should allow for an extra 15% on top of the purchase price to cover transfer fees, stamp duties, deeds, and legal fees. Follow this step-by-step buyer’s guide for more insight.