Wrong information in the article 
There are many wrong info in the article. Here are the followings with proofs from various sources:
1. Government and Politics:
Article:Due to Northern Cyprus' isolation and heavy reliance on Turkish support, Turkey has a high level of influence over the country's politics. This has led to some experts characterising it as an effective puppet state of Turkey.
Sources:1 24.05.2012: "In the 1995 and 1996 Loizidou Judgments the ECtHR treated the Turkish Republic of Northern Cyprus (TRNC) as a sort of puppet government whose acts fall within the jurisdiction of (and are attributable to) Turkey as an (unlawful) occupier." 
2 09.01.2013: "The situation with the South African homelands was similar and so was collective non-acceptance of the turkish puppet-government in northern Cyprus which has resulted in the turkish republic of northern Cyprus not being recognized as a state."
3 27.11.2005 "It may be argued that the Turkish Republic of Northern Cyprus, which was declared in 1983 and which was only recognized as a state by Turkey and for a short period by Pakistan, is at the moment of writing the only existent puppet state in the world.}} Few political decisions in Northern Cyprus are taken without the approval of the Turkish National Security council in Ankara"
4 04.09.2004 "The TRNC is not only heavily dependent on Turkey for funding it is also administratively tied with the Turkish institutions so that in some respects it gives the impression of being a province of Turkey... Most profoundly however in ways that are always strongly felt  in north Cyprus but are not always evident to outside eyes, it is Turkey that calls the shots."
Realities:
1. USA Federal Court (09.10.2014): "TRNC is a democratic republic." (Official summary of Court decision; website of Court decision; Decision of Court)
2. European Court of Human Rights accepted all laws of Northern Cyprus without any exception:
Not only the laws of "Immovable Property Commission of Northern Cyprus (and its related laws)" but also all laws of Northern Cyprus without any exception are recognized at European Court of Human Rights (ECtHR):
ECtHR Decision 02.07.2013, App. nos. 9130/09 and 9143/09; Pavlides v. Turkey; Georgakis v. Turkey
http://hudoc.echr.coe.int/sites/eng/Pages/search.aspx#{"fulltext":["Pavlides"],"documentcollectionid2":["CASELAW"],"itemid":["001-122907"]}
ECtHR: "...notwithstanding the lack of international recognition of the regime in the northern area, a de facto recognition of its acts may be rendered necessary for practical purposes. Thus, the adoption by the authorities of the "TRNC" of civil, administrative or criminal law measures, and their application or enforcement within that territory, may be regarded as having a legal basis in domestic law for the purposes of the Convention".
Note: In the related above case, the application of Greek Cypriots was immediately found to be "inadmissable" by ECtHR and rejected by ECtHR! 
That is to say, the applicant Greek Cypriots were expelled just at the beginning of the process. Case was never handled by the ECtHR!
3. The number of university students in Northern Cyprus is more than 70,000 (a country with 300,000 population). There are students from 114 different countries. Northern Cyprus is the top 1 country in the ratio of univ.stud/population in the world. How can such a country be "heavily dependent" on Turkey?
4. The number of annual tourist visits to Northern Cyprus is more than 1 million (a country with 300,000 population).  Northern Cyprus is among the foremost countries in the ratio of tourists/population in the world. How can such a country be "heavily dependent" on Turkey?
5. Northern Cyprus has its own Dollar Billionaires.