Property in Cyprus

In what many see as a doomsday scenario for investors in northern Cyprus and justice for those forced to flee when the island was split some years ago, the European Court of Justice (ECJ) has handed out a ruling which will shake the very foundations of the Cypriot property market. A situation regarding land ownership has been ongoing for some time although very few people believed we would actually arrive at a definitive ruling in favour of those forced to flee in 1974 when Turkish forces invaded northern Cyprus.

When we talk about expats moving abroad many people assume we are talking about those either moving to retire or those moving to work for their employer or new employer overseas. However, many people also look to move overseas and take their existing businesses with them or set up totally the new enterprises in other parts of the world. While the Internet has allowed many online businesses to move with ease there are a number of off-line businesses which can be translated to countries such as Cyprus but there are many issues to consider.

Of the various issues which need careful consideration the main ones would appear to be:-

Is there a demand for your business?

It is all very well having a successful business in a country such as the UK but will your business model and business idea translate into the Cypriot market?