YAGA in Northern Cyprus: Support for entrepreneurs and investors

Introduction

Northern Cyprus offers interesting opportunities for founders and entrepreneurs with new business models, as well as for investors. An important point of contact is the Kıbrıs Türk Yatırım Geliştirme Ajansı (YAGA), an organization operating under the auspices of the Northern Cypriot Prime Minister's Office, which aims to promote an investment climate.

What is YAGA?

YAGA is an official institution whose goal is to strengthen entrepreneurship, support investors, and promote the realization of new projects. The agency is committed to enriching the economy of Northern Cyprus with value-creating investments. It supports not only large investment projects but also small and medium-sized enterprises (SMEs) and innovative business ideas through time-limited programs.

Who can apply?

Although YAGA's funding programs vary over time, they are generally aimed at the following groups:

• Founders with new business ideas
• Small and medium-sized enterprises (KOBI)
• Companies with production intentions
• Projects in agriculture and animal husbandry
• Tourism investments
• Industry and technology initiatives
• Women and young entrepreneurs

They can take advantage of various support measures such as grants, training courses and consulting services.

More than just financial aid

In addition to financial support, YAGA offers assistance with project development, business plan creation, and investment process planning. The agency also organizes training courses and consultations, which are particularly helpful for entrepreneurs in the initial stages of their projects. YAGA also assists with contacting other relevant institutions and selecting suitable funding programs.

Activities and cooperation

In recent years, YAGA has implemented numerous programs in the areas of business grants and KOBI funding, as well as training for investors. This work is carried out in cooperation with the Development and Economic Information Bureau of the Turkish Republic of Northern Cyprus in the capital, Lefkoşa. Through this partnership, the agency has offered training to many entrepreneurs, evaluated projects, and provided support during the investment process. Particularly in the areas of agriculture, tourism, industry, and innovative business ideas, tenders are regularly monitored and utilized.

Agency management

Ebru Kaptan Sertoğlu is the head of Kıbrıs Türk Yatırım Geliştirme Ajansı. She has many years of experience in investment development, entrepreneurship, and KOBI support programs. Sertoğlu coordinates YAGA's projects and programs, collaborating with public authorities, the private sector, and international organizations.

Conclusion

For people in Northern Cyprus who are planning new investment projects or want to implement their business ideas, YAGA's time-limited grants and programs offer various opportunities. It is recommended to follow official announcements to find suitable support options. The agency provides assistance not only with financial resources but also with advice and planning.