Legal Framework

Your business will enjoy the stabled multinational banking system and tax efficiency in North Cyprus. Northern Cyprus legal framework is very familiar to the British Law. All the contracts, companies, mortgages are similar to British legal framework. North Cyprus offshore business structure is based on the European Union compliant 38/2005 International Offshore Business Company (Offshore).

The law of North Cyprus offers you non-discriminatory business surrounding to both local and foreign investors.

COP 113 – Company Law is the longest and most comprehensive law in North Cyprus. It’s almost a one to one copy of UK companies act.

Foreign investors’ rights protect by the 69/2002 Foreign Investment Law which includes,

1. Treat equally as a local investor
2. Against nationalization
3. The capital can move freely