Guide to Finance

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Holidays In North Cyprus

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The transfer of the title can be effective once the Council of Ministers' permission is obtained along with confirmation of receipt of the foreign funds. Upon transfer and registration in the purchasers name the district Land Registry Office will charge transfer fees which are based on the market value of the property at the time of purchase - as follows: Value up to CY50,000 - 3% CY50,001 - CY100,000 - 5% CY100,000+ - 8%



Non-Cypriot individuals residing in Cyprus pay income tax at a flat rate of just 5%. This applies to the amounts remitted to Cyprus from pensions or income from overseas investments. The first CY2,000 per annum are tax exempt. Personal effects, household goods and furniture may be imported duty free by immigrant retirees, provided that they are for personal use and have been in use for some time (approximately one year). There is no duty on one car and retired couples benefit from the additional concession of two duty free cars.

Firstly, a preliminary contract is signed. This binds both the vendor and the purchase to buy and sell the property on terms and conditions that have been mutually agreed. This is subject to the purchaser being able to receive good title to the property and obtaining the necessary permits from the Cypriot government.At this stage, a deposit is lodged with a Lawyer or a Notary.The purchases lawyer will now carry out the searches at the District Land Registry to ensure that the vendor of the property is indeed, the owner and ensures that the purchaser obtains good title to the property.

There is an increasing tendency by the local and the foreign market (in particular the British market) to acquire old village houses which are subsequently improved/converted into modern residences.Before the "craze" of village cottages started, there were some real bargains for this nature of property. Nowadays cottages of character and colour are relatively expensive and they may amount, together with the repair improvement bills, in excess of what a new villa of the same size would cost.

Services: Experience has proved that it is difficult for co-owners to agree on the common servicing of the blocks. It is therefore advisable, especially if you are buying in a large block, to prefer to buy where the block has the lowest common services bill. Central heating has proved to be a major problem and the cause of many quarrels amongst co-owners. Avoid, also, flats which have common hot water facilities.
Holidays In North Cyprus
While on your trip in Northern Cyprus, you may be intrigued to know that this is home to some of the most significant turtle housing beaches in the Mediterranean. The two species that live and nest in Northern Cyprus are endangered species. Just about 10% of the loggerhead and 30% of the green turtles in the Mediterranean nest in Northern Cyprus. Bearing in mind that as little as 300-400 green and 2000 loggerhead turtles are likely to live each year in the complete Mediterranean, it is critical that people do all they can to help and protect these near endangered species.

These North Cyprus Marine turtles start their lives on land, where they come out to emerge from eggs, just after 45-60 days of incubation on land and in the sand. When these turtles hatch and emerge they then begin to make the attempt to reach the sea, they swim anxiously out to sea waters where they stay put for the remaining years of their lives, the only break in this would be when a adult female will come to shore and lay her eggs.

It is projected that only one single hatchling out from two thousand will make it and survive to full adult life and maturity. As soon as they are 25-30 years old, and reach 1-2 meters in length, the adult females and males with set out and migrate to waters off nesting beaches to eat and reproduce. For the duration of a nesting season a female lays 3-4 nests, each carrying just about 100 eggs. she will nest every 1-3 years and will always return to the exact same beaches. There is no exact number on how long these marine turtles live but they have been suggested to live up to 160 years old.

They are two species of marine turtles that find themselves nesting in the North Cyprus Mediterranean and they would be the loggerhead, caretta caretta and the green turtle (chelonia mydas) the grand total number of both of these turtles has said to be a estimated 300-400 for the green and 2000 for the logghead females that nest each and every single year. Both of these species of sea turtles are endangered , more so with the green turtles. It has said to be that North Cyprus and Turkey seem to be the only nesting grounds these turtles come to love. There is over 80 beaches along North Cyprus that between may and October and monitored closely for the precious turtle activity.

While on your stay in North Cyprus and wish to see these lovely creatures you may indulge in a boating experience of the shore and see these turtles swimming, and with many places to see at night you might catch a glimpse of these night nesting turtles.

Group of Ecologists and students have been observing and helping to protect these rare animals from extinction for a number of years.

Some general information for you to keep on hand:

Mating time for these turtles is May/June

Hatching time is Aug/Sep

Nesting time is June/July

I hope that by through this article you can take away some general information on sea turtles in North Cyprus. If ever in the area on vacation or stay pay a visit to these wonderful beautiful creatures.

Visitors are welcome to observe this exciting experience!!!
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