Frequently Asked questions

We'll support you every step of the way: choosing the legal form, drafting the articles of association, registering with the local authorities, opening a bank account and obtaining the necessary licenses. Our team ensures a smooth, fast and compliant process. 

You can opt for a limited liability company (LTD), an offshore company, a branch or a holding company. The choice depends on your business, your tax objectives and your expansion strategy. 

Registration can be effective within 6 working days, depending on the nature of the business and the speed with which the required documents are supplied. 

A free zone is a special economic area offering tax, customs and administrative advantages. In Northern Cyprus, these zones offer VAT exemption and simplified import/export procedures. 

Exemption depends on your business status and sector of activity. H&HY Consulting can help you structure your business to meet the criteria and obtain the necessary approvals from the authorities. 

Yes, we can help you apply for a free trade zone, compile the necessary files and interface with the relevant institutions to speed up procedures. 

Yes. Investors can benefit from accelerated procedures to obtain a residence or work permit. This depends on the nature and size of the investment. We manage all the application procedures. 

A valid passport, proof of income or investment, a medical certificate and an extract from the criminal record are generally required. We'll provide you with the exact list to suit your profile. 

On average, the process takes between 15 and 30 days, depending on the type of permit and how quickly the documents are processed. HHY Consulting provides daily follow-up to speed up the process. 

Yes, under certain conditions. Thanks to our network of banking partners, we can arrange for business or personal accounts to be opened remotely, with or without a physical presence. 

Companies can open accounts in Turkish lira, Euros or Dollars. Multi-currency options, corporate cards and online banking are also available. 

Yes, we offer bookkeeping services, balance sheet preparation, tax returns and periodic reporting. Our experts ensure your tax compliance throughout the year. 

All registered companies in the Turkish Republic of Northern Cyprus (TRNC) must comply with legal requirements such as annual financial statements, license renewals, proper bookkeeping, and maintaining up-to-date statutory registers. Failure to comply can result in penalties or company deregistration. 

Yes. H&HY Consulting offers continuous legal support tailored to the needs of both local and international companies. Our services include contract drafting and review, commercial dispute resolution, corporate law advisory, and regulatory monitoring, ensuring full legal compliance throughout your business journey. 

Yes, our consultants speak Turkish, English, and Russian. You can be assisted in the language of your choice for smooth and clear communication.

H&HY Consulting acts as your official representative. With your consent, we will interact with all the authorities on your behalf to defend your interests and simplify your procedures. 

Absolutely. We keep you informed in real time via e- mail, WhatsApp or phone calls, with secure access to your documents on our online platform. 

You can make an appointment directly via our online form, by e-mail or via WhatsApp. We offer slots for remote consultations (videoconferencing) or face-to-face consultations in our offices. 

No. Most procedures can be carried out remotely. HHY Consulting makes every effort to offer secure and efficient digital services, thereby reducing the need to travel unless there is a specific legal obligation to do so. We offer remote consultations via Google Meet or Zoom. You will be kept informed in real time by e-mail, WhatsApp or calls, with secure access to your documents on our online platform.