The local company type in Northern Cyprus is a business model frequently preferred by both foreign and domestic investors. These companies can be established by individuals or entities residing or operating in Northern Cyprus. Local companies are subject to the tax legislation of Northern Cyprus and must comply with the Corporate Tax, Income Tax, and VAT laws. These companies are required to submit annual balance sheets, income statements, and footnotes. Additionally, they must file VAT returns to the Tax Office every month. According to the Corporate Tax Law, local companies pay a tax rate of 23.5%. By establishing a local company in Northern Cyprus, you can gain a competitive advantage in both local and international markets.
There are many advantages to utilizing our services:
By leveraging these benefits, you can establish a successful company in Northern Cyprus and achieve your growth objectives. Contact our expert team for more information.