Northern Cyprus or Türkey?
One of the best ways to obtain residency in foreign countries is to invest in these countries. Buying a property is one of the most common ways to get a family residence, and recently many countries have started to provide residence in exchange for buying a property to attract foreign investors and develop their countries. Cyprus, Turkey, Spain, Portugal, Greece, etc. are among the most important countries where residence can be obtained by purchasing a property.
But which country is the best option for profitable investment and permanent and easy residence?
North Cyprus can be one of the best options for investing and obtaining residence due to the very reasonable prices that it has now, the terms of paying long-term installments without interest, obtaining residence in the shortest possible time, etc.
But what are the advantages of choosing this country (Cyprus) compared to other countries?
It should be noted that these cases are only a selection of the benefits of Cyprus compared to other countries for investment and residency.
One of the most important advantages of buying property in Cyprus is the high security in this country. According to the statistics of the World Organization, Northern Cyprus ranks first among small countries and ranks fifth among all countries in the world in terms of social security, lack of crime, and optimal living conditions. According to statistics, Turkey ranks 107th in this ranking, which alone causes many problems for buyers in this country (Turkey).
Always, one of the main concerns of Iranians for investing is to convert their Rial capital into a stable currency capital, which is possible by buying property in Cyprus, because buying and selling property in North Cyprus is denominated in British pounds, which is one of the strongest and most stable currencies in the world, and every year, in addition to the increase in property prices, the pound (GBP) currency itself has a very good added value, which causes multiple profits for buyers.
In Turkey, the price of the property is declared in dollars (USD), but in the purchase contract, it will be written in Turkish Lira equivalent, and when it is sold, it is traded in Turkish Lira, as you know, the exchange rate for Turkish Lira has been decreasing in recent years, and as its value decreases, after a few years, the investor will see a drop in his/her invested currency capital.
The next advantage of investing in Cyprus is receiving a definitive deed of an heir document. According to the laws of this country, the document of foreign investors is the same as that of a Cypriot citizen, and even after the death of the buyer, it will be inherited by the owner’s next of kin according to the laws, which ensures the security and safety of the investment.
It should be noted that, for example, when buying a property in the UAE, buyers receive a 99-year or temporary certificate, or in Georgia, where the government charges a very heavy tax when selling a property from a foreign investor, which in addition to the lack of Investment security makes it possible to change the residence conditions of foreigners due to changes in the laws of that country because they do not receive a definitive deed of an heir document.
One of the important things in choosing a country for investment and residence is the index of the level of welfare and social freedom in that country. This index shows the level of life satisfaction, access to education and health, the level of health and wealth, and the level of happiness of the people of a society. According to the latest statistics, Cyprus ranks 49th among all countries. This statistic ranks Turkey: 133, Georgia: 169 and Portugal: 92, which shows the advantage of Cyprus compared to these countries.
The next advantage is the existence of prestigious European universities in this country. Many investors buy property and get residence for their family with the aim of continuing their children’s education in prestigious universities with a strong educational system, therefore, prestigious universities definitely have an important influence on the choice of people to invest in a foreign country. . In the latest QS Higher Education System Ranking, Cyprus’s education system has been ranked 37th, which is higher than Turkey, which is ranked 43rd in the list. It should be noted that more than 10,000 international students enter Cyprus every year to continue their studies in top universities and educational institutions.