Turkey Citizenship by Investment
Turkey offers one of the best Turkish citizenship by investment programs worldwide.With a minimum investment of $500,000, you and all your dependents under 18 can get Turkish citizenship in four months.Turkey also offers free public secondary education making it an excellent place for families with kids.
Turkish citizenship by investment is one the easiest ways to obtain a second passport out there, with even easier rules to attract foreign direct investment. Ever since January 2017, you can basically buy your way to Turkish citizenship.
How to apply?
To qualify for citizenship, you should fulfill one of the following investment requirements:
Acquire at least USD 400,000 worth of real estate
Invest a minimum of USD 500,000 fixed capital contribution
Deposit at least USD 500,000 or equivalent foreign currency or Turkish lira into a Turkish bank account
Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into government bonds
Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into real estate investment fund share or venture capital investment fund share
Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into a private pension system for a minimum holding period of three years
Create jobs for at least 50 people, as attested by the Ministry of Family, Labour and Social Services
What benefits are there for me?
Visa-free access to 110 destinations including Hong Kong, Japan, and Singapore
Good quality of life: Citizenship of a country that enjoys a mild Mediterranean climate, beautiful scenery, and a high standard of living
Family friendly: Full citizenship granted to the applicant and included family members (spouse and dependent children below the age of 18, and children of any age who are living with disabilities)
Access to e-2 investor visa in the usa: Eligibility for an E-2 Investor Visa in the USA for a five-year renewable period
Estable economy: Access to a transcontinental Eurasian country that is a stable economic, financial, and political hub between Europe, Western Asia, and the Middle East
Fast processing time: Approximately 120 days from your submission of the application to approval
Quick routes to usa and uk: Get access to live and work in USA and UK as a Turkish citizen
What are the cons of this program?
There aren’t as many cons to Turkish citizenship as one might think. With the changes to the program making it more favorable for foreign investors, the Turkey citizenship by investment program is one of the best out there at the moment.
There are a few challenging points that you do have to wrap your mind around, you want a stable government and a stable political situation where you invest. Turkey is a bit shaky on this. President Erdogan certainly has ruled with a tight fist, undermining human rights and freedoms at times. He has some dictatorial tendencies that have made him more of a friend than a friend of the heads of states in the world.
All in all, there aren’t any obvious or practical drawbacks to having Turkish citizenship but do keep in mind that there is risk involved when investing in a developing state like this.
So, if you are interested in finding out more about citizenship by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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