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If you want to live in Europe but still outside the EU, then emigrating to North Cyprus might be an interesting option for you. Beautiful weather, gorgeous scenery and people who are super friendly - all this makes Cyprus and especially North Cyprus so attractive.
And of course, North Cyprus has tangible tax advantages: True, the official tax rates don't sound very attractive. But the tax authorities offer almost all foreigners who move to Northern Cyprus super-favorable sweetheart deals, the likes of which were previously only available in Luxembourg. Microsoft and Amazon famously only had to pay 1% tax there.
This is even better in Northern Cyprus, where the tax office is happy to waive all taxes on foreign income. Ideal, for example, for digital nomads with a US LLC or entrepreneurs with a company outside Northern Cyprus (how about Malta?), as well as traders and crypto investors. And again, you don't have to be a Croesus or a giant company for the authorities to offer you a deal. EVERY successful foreigner who moves to Northern Cyprus and earns above-average income abroad should feel addressed.
The aim is clear: the government wants to attract well-off foreigners and turn Northern Cyprus into the "Singapore of the Mediterranean".
In our video, we talk to Ruslan, who specializes in real estate in Northern Cyprus, and explain why real estate in Northern Cyprus is ideal for combating high inflation. And why not? Sitting by the pool in Kyrenia and sipping a cocktail..... sounds like paradise.
00:00:00 - Preview
00:00:42 - Welcome and introduction
00:06:11 - What is the relationship between North Cyprus and South Cyprus? What are the differences?
00:12:21 - Which emigrants are drawn to North Cyprus and why?
00:16:00 - What is the official relationship between Turkey and Northern Cyprus?
00:19:03 - Safety and mentality in Northern Cyprus
00:25:21 - Real estate in Northern Cyprus
00:37:02 - Investment security in Northern Cyprus
00:45:41 - Northern Cyprus: Buying real estate with Bitcoin or cash
00:51:06 - Driving in Northern Cyprus
00:52:30 - Residence permit in Northern Cyprus
01:03:13 - Working in Northern Cyprus
01:05:59 - Working as a freelancer in Northern Cyprus
01:08:54 - Investing and property appreciation and taxes in Northern Cyprus
01:13:54 - Banking in Northern Cyprus
01:15:57 - Healthcare in Northern Cyprus
01:17:56 - Raccoons, cats and street dogs in Northern Cyprus
= Further information about this podcast episode =
bit.ly/3IKJwrT
= Our websites =
www.auslandsunternehmen.com
www.wohnsitzausland.com
www.stmatthew.de
uskanzlei.com/
= About Perspektive Ausland (perspective abroad) =
Anyone who wants to move as an entrepreneur or freelancer from German-speaking countries to (tax-efficient) foreign countries or become a digital nomad has a lot of tax and legal questions.
Country selection, international tax law, setting up a company abroad, exit tax, visas, capital investments and asset protection - these are just some of the topics that you now have to deal with.
Perspektive Ausland (perspective abroad) is a German podcast from London that deals with exactly such questions. No matter what your motivation for moving abroad is - less taxes, more freedom or a higher quality of life - you've come to the right place.
8 июл 2024
