Useful Information


Geography and Population 


Cyprus is situated in the Eastern Mediterranean Sea, at the hub of three continents where the trade routes intersect. It is the third largest island in the Mediterranean Sea after Sicily and the Sardinia. The total area of the island covers 9,251 square kms. The area of Turkish Republic of Northern Cyprus (TRNC) is 3,242 square kms. The nearest neighbouring country to Cyprus is Turkey which lies at a distance of 65 kms to the north. Cyprus is located 100 kms west of Syria and 420 kms north of Egypt.

Midyear de-jure population estimate of Turkish Republic of Northern Cyprus in 2011 is 286,257. The 2018 population projection is 372,486, was estimated by State Planning Organization. The capital Lefkoşa is the largest city of TRNC. The other major towns are Gazimağusa, İskele and Girne which are located on the coast. Güzelyurt and Lefke are two towns which are famous with the large citrus orchards.




Turkish Republic of Northern Cyprus has a typical Mediterranean climate with about 300 days of sunshine per year. It enjoys dry, warm summers and mild winters. The bulk of the rain falls during the period from November to March. The coldest month is January having minimum and maximum mean temperatures of 6 oC and 16 oC respectively. In the hottest month August the corresponding minimum and maximum mean temperatures are 21oC and 35 oC.




GMT + 2




The official language is Turkish but English is widely spoken and understood in official and commercial circles. The religion is Islam, with Muslims making up 99% of the population.




Traffic keeps to the left, a relic of British rule.




Flights to North Cyprus arrive at Ercan Airport, 12 km east of Nicosia. Geçitkale Airport, to the east, is sometimes used as an alternative. Addition to these airports, due to the closeness Larnaca Airport could be used. 




The international dialing code is 00 90. Internet access can be at internet cafes in the cities, towns and some resorts.


Money and Banking 


The official currency in TRNC is Turkish Lira (¨TL). Real persons and corporate bodies are free to keep and save foreign currency, to use foreign currency as a means of foreign exchange and to express in foreign currency figures appearing on payment orders and contracts.

The official rates of exchange are fixed daily by the Central Bank and announced. Banks, foreign exchange bureaus and the Central Bank are free to fix different rates of exchange for the purchase and sale of foreign currency.

There is a developed banking system in TRNC. In addition to the Central Bank and the Development Bank, there are also onshore commercial banks and International Banking Units (IBU). Banks are free to keep foreign currency, act as intermediary in import and export transactions, accept foreign currency savings, engage in purchase and sale of foreign currency, deal in bonds required to be paid in foreign currency, give foreign currency loans, engage actively in money and foreign currency markets and in compliance with international banking usage, to deal in every kind of foreign currency transactions.


Political System


There is a multi-party of democracy in TRNC where human rights, political pluralism and private property are safeguarded. The head of the state is the President of the Republic who is elected by universal suffrage for a period of five years. Legislative power is exercised by the 2 Assembly of the Republic which consists of fifty deputies. The country is managed by a Council of Ministers led by the Prime Minister who is appointed by the President. Elections are held freely every five years, based on universal suffrage.


Foreign Investment Policy


Encouragement of foreign investment is among the primary objectives of the Turkish Republic of Northern Cyprus' development policy. Consequently, those wishing to invest in Turkish Republic of Northern Cyprus can be sure of a positive Government attitude. In accordance with its development policy, Northern Cyprus is giving preferential treatment to export-oriented industries. Due to its small domestic market, the TRNC authorities focus on export of goods and services. Priority is given to those projects that facilitate transfer of modern technology, know-how, new management techniques into the TRNC and that provide highest value added. However, it should be mentioned that every project proposed by an investor will be considered on its own merits.

Co-operation between local and foreign firms in the form of joint ventures is actively promoted, and Northern Cyprus offers numerous advantages and incentives to the foreign investor including full protection of his property rights. Nationalization has never been part of government policy nor is it contemplated in the future. The Constitution of TRNC guarantees the right on private property while it does not discriminate between citizens and aliens


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