Establishment of a Company in the TRNC

We provide full professional support with 27 years of experience in establishing companies in the TRNC. You can contact us immediately for detailed information.

CYPRUS SERVICES

Establish Your Company in the TRNC, Secure Your Place with Tax Advantages

Gain a strategic base in the middle of the Turkey-EU lines by opening a company in the TRNC, with a low tax rate of up to 10% and direct access to global payment networks.

Bir pencereden şehir manzarasına bakan bir masada dizüstü bilgisayar ve sandalye.
Bir pencereden şehir manzarasına bakan bir masada dizüstü bilgisayar ve sandalye.
Bir pencereden şehir manzarasına bakan bir masada dizüstü bilgisayar ve sandalye.

WHAT YOU WILL GAIN

Advantages of Establishing a Company in TRNC

Low Tax Burden

The corporate tax in local companies is only 10%; for free zones/International Business Companies (IBC), this rate can fall to 0% – 1%.

Low Tax Burden

The corporate tax in local companies is only 10%; for free zones/International Business Companies (IBC), this rate can fall to 0% – 1%.

Withholding Tax Exemption in Profit Distribution

Profits transferred abroad from free zones and free trade zones are exempt from tax; thus, you can withdraw your profits without interruption.

Withholding Tax Exemption in Profit Distribution

Profits transferred abroad from free zones and free trade zones are exempt from tax; thus, you can withdraw your profits without interruption.

Multi-Currency Banking

It allows you to easily collect and make payments abroad by opening an IBAN account in different currencies, primarily USD, EUR, and TL.

Multi-Currency Banking

It allows you to easily collect and make payments abroad by opening an IBAN account in different currencies, primarily USD, EUR, and TL.

Bidirectional Market Access

You will gain cost advantages in import-export with duty-free access to Turkey and a logistics location close to the EU.

Bidirectional Market Access

You will gain cost advantages in import-export with duty-free access to Turkey and a logistics location close to the EU.

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How to Establish a Company in the TRNC?

Establishing a company in the TRNC is an attractive option for entrepreneurs looking to take advantage of the economic opportunities offered by Northern Cyprus. The process progresses quite quickly and securely when the right steps are taken. In the initial phase, a decision is made on which type of company will be established. The most preferred structures in the TRNC are Limited company, Joint-stock company, and sole proprietorships. After that, the necessary documents are prepared, and official registration procedures are carried out through the Companies Registry. Once the legal procedures are completed, your company can officially commence operations. Ortac Global provides comprehensive support at all these stages, guiding entrepreneurs from company registration to opening a bank account, and from tax registration to securing an office address. Thanks to professional consultancy, the process of establishing a company in the TRNC concludes both quickly and reliably.

What is the Cost - Prices of Establishing a Company in the TRNC?

The cost of setting up a company in the TRNC varies based on the selected type of company, field of activity, and the services required. The cost items between Limited company establishment and Joint stock company establishment can differ. Additionally, factors such as notary processes, tax registrations, and legal addresses are among the elements that affect the total cost. While it is not possible to provide a precise figure, accurately determining the needs of entrepreneurs allows for the selection of the most suitable option. Ortac Global offers the most advantageous solutions to investors by transparently analyzing costs. Thus, the cost of setting up a company in the TRNC can be minimized by avoiding unnecessary expenses. With professional consultancy support, both time is saved and the establishment process is completed smoothly.

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What are the Advantages of Establishing a Company in the TRNC?

The advantages of establishing a company in the TRNC offer many opportunities for entrepreneurs. First of all, the facilities provided in the tax system and low operating costs are significant advantages for investors. Additionally, its strategic location being close to the Turkish and Eastern Mediterranean markets provides significant competitive power in the business world. Entrepreneurs who establish companies in the TRNC can also apply for residency permits and continue their businesses under legal protection. With its modern infrastructure and strong economy focused on universities and tourism, the business potential is high. Ortac Global offers professional consulting services to help its clients make the most of these advantages. With the right planning and strategy, a company established in the TRNC achieves sustainable success both in the local market and internationally.

Northern Cyprus Company Formation Consultancy Service

Northern Cyprus company establishment consultancy is critical for the flawless and swift completion of all stages in the process. Preparing the necessary documents, Company Registry records, tax office transactions, opening a bank account, and registering a legal address requires professional support. Ortac Global provides end-to-end solutions to entrepreneurs within the scope of consultancy services. Throughout the process, the investor's needs are analyzed, the most suitable company type is selected, and formal transactions are completed without any shortcomings. Additionally, strategic guidance is provided on residency permits in Northern Cyprus, tax advantages, and creating a business plan. Through professional consultancy, entrepreneurs not only establish companies but also build a successful business model in the long term. Ortac Global's expert team makes the company establishment process in Northern Cyprus reliable and easy for entrepreneurs.

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SERVICE PROCESS

The Process of Company Establishment in the TRNC

1.

Determining the Company Name

2-3 alternative names are generated, and their commercial suitability is checked.

1.

Determining the Company Name

2-3 alternative names are generated, and their commercial suitability is checked.

1.
Determining the Company Name

2-3 alternative names are generated, and their commercial suitability is checked.

2.

Preparation of Documents

Passports, capital declaration, and the articles of association are prepared by us.

2.

Preparation of Documents

Passports, capital declaration, and the articles of association are prepared by us.

2.
Preparation of Documents

Passports, capital declaration, and the articles of association are prepared by us.

3.

Application and Free Port Review

The signed document is submitted to the Free Zone management; the compliance review is completed.

3.

Application and Free Port Review

The signed document is submitted to the Free Zone management; the compliance review is completed.

3.
Application and Free Port Review

The signed document is submitted to the Free Zone management; the compliance review is completed.

4.

Council of Ministers Approval & Registration

The company address will be finalized after approval, and formal registration will be completed.

4.

Council of Ministers Approval & Registration

The company address will be finalized after approval, and formal registration will be completed.

4.
Council of Ministers Approval & Registration

The company address will be finalized after approval, and formal registration will be completed.

5.

Individual Account Opening & Activation

25,000 EUR will be deposited into the blocked account; bank account(s) and online banking will be activated.

5.

Individual Account Opening & Activation

25,000 EUR will be deposited into the blocked account; bank account(s) and online banking will be activated.

5.
Individual Account Opening & Activation

25,000 EUR will be deposited into the blocked account; bank account(s) and online banking will be activated.

Take the First Step to Achieve Your Goals! !

Achieve your business goals with our expert team. Schedule a quick meeting to determine the best solutions for you.

Take the First Step to Achieve Your Goals! !

Achieve your business goals with our expert team. Schedule a quick meeting to determine the best solutions for you.

Take the First Step to Achieve Your Goals! !

Achieve your business goals with our expert team. Schedule a quick meeting to determine the best solutions for you.

Establishment of a Company in the TRNC

Frequently Asked
Questions

The most frequently asked questions about company establishment in the TRNC.

What are the types of companies in the TRNC?

What are the types of companies in the TRNC?

What is the cost of setting up a company in the TRNC?

What is the cost of setting up a company in the TRNC?

How long does the process of establishing a company in the TRNC take?

How long does the process of establishing a company in the TRNC take?

Can I set up an online company in the TRNC?

Can I set up an online company in the TRNC?

Can I obtain a residency permit with the company established in the TRNC?

Can I obtain a residency permit with the company established in the TRNC?

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Subscribe to our Newsletter

All news related to prospective entrepreneurs and company owners is in our monthly newsletter.