Establishing a Company in KKTC: Advantages and Processes

The Turkish Republic of Northern Cyprus (KKTC) has become an attractive hub for the business world with its strategic location, low tax rates, and investor-friendly policies. Establishing a company in the KKTC offers many advantages, especially for international entrepreneurs. So, how does the company formation process work in the KKTC, and what are its benefits?

Advantages of Establishing a Company in the KKTC
Low Tax Rates: The corporate tax rate in the KKTC is quite low. Free Zone Companies can benefit fully from tax advantages if they meet certain conditions.
Fast Company Formation: If all required documents are complete, your company can be established quickly and start operations in a short time.
International Business Opportunities: Companies established in the KKTC can hold a more flexible and advantageous position in global trade.
Low Operating Costs: Compared to many European countries, the KKTC offers lower business expenses, creating a great opportunity for entrepreneurs.

Company Formation Process
Choose the Type of Company: Various options are available in the KKTC, such as Limited Company, Free Zone Company, or Offshore Company.
Prepare the Required Documents: Documents such as a passport copy, articles of association, and address details must be provided.
Company Registration: You must apply to the Trade Registry Office to register your company.
Tax and Banking Procedures: Obtain a tax number and open a corporate bank account.
By establishing a company in the KKTC, you can gain an advantageous position in both local and international markets. With the right consultancy, you can speed up the process and grow your business with confidence.