BUSINESS ENTREPRENEUR| NORTHERN CYPRUS | SEPTEMBER 2022
CONTENT
 Cover Page
1
 Introduction
2
 Who is Yusuf Kisa?
3
 Northern Cyprus
4
 Where is Northern Cyprus
5
 Investment Opportunities
6
 Business Incubation Center
7
 End Page
8
INVEST IN NORTHERN CYPRUS
2
INTRO
There are few entrepreneurs and successful businessmen on the island that shared
important insights. Most of these successful entrepreneurs on the island started out with
nothing to reach the epitome of their entrepreneurial success. It is noteworthy that you
should sit down for a cup of coffee and talk with Yusuf Kisa to pick up some of his trade’s
secrets and business tips.
Yusuf Kisa is a businessman and financial wizard that has had an unrivaled impact on the
economic backbone of Cyprus. As an owner of the Yeni Bakis, a popular newspaper on the
island, Kisa has built a multi-millions-dollar businesses worth of copying.
.
“Discovery the hidden treasure of
the island, when you exploring
business opportunities in Northern
Cyprus.”
The Cypriot entrepreneur also
known for founding a Londonbased bakery and heading GIFA Holding Limited which serve as a landmark in the
commercial and financial sector on the island since 2012.
Yusuf Kisa’s biography is an incredibly chronicle that compelling a true life story and
unique entrepreneurial adventure. You better read it for yourself because is not only
penning on profits making alone. It also describes many of the life events that have
shaped Kisa’s personality such as his adventurous, and steely determination that led him
to establish himself both in the financial sector and media industry.
3
WHO IS YUSUF KISA?
This is a question on everyone’s lips – Who is Yusuf Kisa? Kisa
is a Cypriot economist “financial wizard” and businessman.
Yusuf Kisa was born in Cyprus in 1977, the youngest of three
siblings. At the age of 6, he moved to the United Kingdom with
his family, where he later attended school and graduated from
university there. During his university years, Yusuf Kisa took on
a part-time job delivering bread for a bakery in North London.
Yusuf Kisa made his first business decision when he bought
the bakery business he worked at. Kisa expanded the bakery
business, and had contracts with institutions such as Heathrow
Airport, supplying them with over 35,000 loafs on a daily basis.
He eventually sold the bakery business for a huge profit and entered into financial
consultancy. Never could his family believe that he would someday become one of the
most successful and wealthiest businessmen in Cyprus. At the age of 27, Yusuf Kisa began
his financial career in Moscow and France.
After just 10 months, his business branch in Moscow alone had a turnover of 25 million
euros. His businesses in total had a staggering turnover of 300 million euros. However, for
Yusuf Kisa, this was not a point to stop or slow down. He was set on expanding and
opened more offices, reaching out to Poland too.
Later, Kisa returned to his homeland, a country that was in need of economic
development and recognition, Northern Cyprus. He situated his business in Pyla, a village
in Larnaca located within the United Nations buffer zone. His new financial consultancy
office employed over 200 staff and grew to gross a remarkable turnover of 2 billion euros.
The consultancy business offered every type of financial advice and products to some of
the biggest firms on the island. Of course, the financial guru had a strategic choice when
he locating his business in Pyla. “The decision I took was based on the fact that Northern
Cyprus was not recognised apart from Turkey,” ‘’Pyla was under the UN mandatory, so I
could trade freely with every part of the world.”
When asked when he will slow down, Yusuf Kisa modestly replied, “Never, ever.!” As a
result of his success to date, GIFA, Inc. is now the second Turkish company to enter the US
Stock Exchange and is rapidly growing into a financial phenomenon.
INVEST IN NORTHERN CYPRUS
4
WHERE IS NORTHERN CYPRUS?
Cyprus is an Island country located in the Eastern part of the Mediterranean Sea. Its
capital city is Lefkosa (Nicosia). The island has two parts, the South (Greek Cypriot Admin)
and North (Turkish Republic of Northern Cyprus). Cyprus sits at the heart of Europe and it
is very close to Greece, Turkey, Egypt, Israel, Syria and Lebanon.
It is important to state that Cyprus is rated as the 3rd most populous island and the 3rd
largest island in the Mediterranean. The economy of Cyprus is said to be a high – income
economy with very high Human Development Index. Cyprus enjoys a prosperous and a
diversified economy. 7 Key contributors to the Gross Domestic Product (GDP) of Cyprus
are:
A
845
Shipping Industry
1.
2.
3.
4.
5.
6.
7.
Shipping industry
Tourism sector
Real Estate
Education
Construction
Rental Services
Transportation
INVEST IN NORTHERN CYPRUS
B
Tourism Sector
C
Real Estate
D
Education
E
Construction
F
Rental Services
G
Transportation
699
645
707
525
668
405
5
Northern Cyprus
Cyprus is a small country, but there
are plenty of opportunities for
businesses in Northern Cyprus. Apart
from having advanced infrastructure
and most safest place in the world,
Northern Cyprus is also one of the
fastest growing economies in the
region, making it a perfect
commercial center for foreign
investors and tourists.
Due to the island’s low-tax
advantages, more investors are
flocking to Northern Cyprus, with the
entrepreneurial community growing fast.. As many entrepreneurs are moving to Northern
Cyprus, the country is seeing a rise in company formations and more business
opportunities being created for the citizens. Becoming an entrepreneurial and financial
center has been a priority for the island. as Northern Cyprus continues attracting foreign
investments with special incentives of low tariffs and low cost of cross-border trades.
Investment Opportunities in Northern Cyprus
The services and the economy of Cyprus have also played an important role in driving
greater attraction for investors. Cyprus has a modern, free-market, service-based
economy, which gives confidence to international investors as well as to local businesses
development, growth, and prosperity.
INVEST IN NORTHERN CYPRUS
6
INVESTMENT OPPORTUNITIES
Are You Interested in Starting a Business in Cyprus?
If Yes, then you are making a right decision! The Turkish Republic of Northern Cyprus has
simplified the investment requirements even setting up business in Northern Cyprus is
affordable for anyone, and choosing a good business idea can be all that matters.
Whether its strategic location, sophisticated infrastructure, well-educated workforce, or its
favourable taxation regime, Northern Cyprus has much to offer for businesses and
investors. The high levels of consumption and a healthy national GDP do not affect the
cost of doing business, with Cyprus offering some of the lowest costs for setting up and
running operations in the European zone.
The company tax is just 10%, the lowest in Europe, and that is encouraging more people to
do business by setting up companies in Cyprus. With easy procedures for setting up
companies in Cyprus, it is not surprising that Cyprus is the leading jurisdiction for setting
up businesses. Overall, entrepreneurs have a lot of reasons to register businesses in the
Republic of Cyprus. Cyprus is an EU Member State, and therefore, there are no restrictions
on people wanting to become a self-employed individual or start a business in Cyprus, as
long as they are EU citizens.
When starting a business or investing in Cyprus, depending on the personal choice no
matter what kind of business you wish to partake, our team in Cyprus will provide you with
necessary assistance to get started.
Recently Oil and natural gas has been discovered in Aphrodite, Cyprus and hopefully it
would become the major contributor to the economy of the island in no distant time. The
truth is that many tourists and investors especially from UK, Germany, Australia, Eastern
Europe and Middle-East are investing in multi-million-dollar projects in Northern Cyprus,
so as to leverage the emerging business opportunities of property market, oil and gas
industry.
7
BUSINESS INCUBATOR CENTER
GIFA Holding Limited has set aside a $40 million investment budget for seed funding,
incubation, mentoring, training, and provide a platform for young business entrepreneurs
to access the diverse resources of the company. The business incubation center allows
entrepreneurial community, maximize profits, honing skills and accessing to the cutting
edge facilities that leveraging their competitive skills in the current global job market.
The business incubation and innovation will be one of the key investments earmarked for
the next 3 years totaling $140 million in various expenditures. The company continues
providing support and training for entrepreneurs who are interested in developing earlystage business ventures by providing them with necessary technologies, and accessibility
to office space for working experience,
NOTE: The company aims to select only the ‘’4 best ideas’’ and if the new participants
require further training, this may be done for the incubatee to gain in-depth experience in
the field of startups. Selected business ideas are incubated for a 12-month period to
develop the idea and to better position it for a successful business launch.
For expressions of interest in business incubation, please forward your inquiry to the email:
info@gifaconsulting.com.
8
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W W W.G I FA I N C . N E T
www.xara.com
Tel: +90 392 611 6000
Email: info@gifainc.net