The Complete Guide to Citizenship by Investment Programs
Considering obtaining a second citizenship through investment? Our guide provides the information you need. learn about the requirements and application process.
The Complete Guide to Citizenship by Investment Programs
- What is citizenship by investment programs?
- Which country is best for citizenship by investment?
- Turkish Citizenship by Investment: Types and Conditions
- 5 reasons to obtain Turkish citizenship by buying property
- Requirements for citizenship by investment
- Citizenship by investment programs has never been easier!
What is citizenship by investment programs?
Programs for obtaining citizenship through investment allow applicants to do so quickly and with little to no waiting time (a few days or weeks at most). These programs, which provide visa-free travel and potential tax benefits, are frequently referred to as "golden passports" or "cash-for-passport" schemes.
Turkish Citizenship by Investment is a relatively recent option available in Turkey (TCBI). Investors must either invest $500,000 in a Turkish bank for a minimum of three years or buy real estate worth at least $400,000. After making the aforementioned investments and properly filing a citizenship application, a Turkish passport is normally issued within six months.
Which country is best for citizenship by investment?
There are several possibilities available; in recent years, more than 40 nations have increased the number of their "golden visa" programs they provide. However, not every scheme is made equally. While some simply permit temporary residency, usually for as little as a year, others grant successful applicants permanent citizenship and/or a second passport.
The minimum investment amount has recently been reduced in the United Arab Emirates from AED 5 million (about US$1.4 million) to AED 2 million (around US$545,000), while the visa's validity has been increased from five to ten years.
In Spain, for a minimum investment of €500,000 (US$507,000), it is possible to obtain citizenship after ten years and permanent residency after five years. In order to keep and renew the residence visa permit, you do not have to reside in Spain.
The minimum investment in Turkey is now $400,000, ranking among the lowest of all nations, although it is anticipated to rise soon. It also has the shortest application procedure for passports. Documents proving citizenship are normally issued 120 days after applications are granted. After that, the passport application can be turned in.
Read more about Citizenship By Buying Property Programs.
Turkish Citizenship by Investment: Types and Conditions
1. Fixed capital investment
A minimum of $500,000 should be put toward fixed capital contributions.
2. Real estate investment-based programs
There are four basic forms of real estate investment: private equity (directly owned), listed equity (indirectly owned), private debt (direct mortgages), and listed debt (capital markets mortgages).
3. Job creation-based programs
Investors may choose this option, which enables candidates to obtain Turkish citizenship by establishing a business that will ensure the creation of at least 50 employment. Investors can both grow the local economy and achieve their commercial objectives with the help of the Ministry of Labor and Social Security.
4. Bank deposit
Deposit at least $500,000, equivalent foreign currency, or TRY into a Turkish bank account.
5. Bond investment-based programs
Invest in government bonds worth at least $500,000, or the equivalent in other currencies, or TRY.
5 reasons to obtain Turkish citizenship by buying property
1. High return on investment
Investors use ROI to determine if it would be more profitable to buy one property over another. Because a property's value can never go down, real estate investors don't stress about losing their money on other hazardous investments. Investors can profit from future sales of the property and generate cash flow by renting it out.
2. Ease of obtaining citizenship
You can easily obtain Turkish citizenship upon real estate investment when you deal with trustworthy companies such as Imtilak Real Estate. Imtilak’s team provides you with before, during, and after-sales services. The team offers you various properties according to your budgets and needs and continues to make all the legal procedures until you obtain the Turkish passport.
3. Visa-free travel (more than 100 countries without a visa)
When you receive a Turkish passport, you are able to travel to around 110 nations without a visa, a visa on arrival, or an Electronic Travel Authorization.
4. Access to education and healthcare
You and your family are allowed to reside, work, and study in Turkey if you have a Turkish passport. You may, for instance, earn money from your real estate investment by renting it. Furthermore, if you plan to relocate with your family, you can relax concerning your kids' schooling. You and the children can enjoy the Turkish high-standard lifestyle and educational system because the visa is extended to the entire family.
5. Cost of living
Living in Turkey is generally not considered to be expensive, especially when compared to other nations with comparable levels of urbanization and affluence, where the minimum wage, also known as the minimum wage, covers the costs of a respectable medium-cost lifestyle. However, this issue is also relative to each individual's financial situation and needs.
Requirements for citizenship by investment
- Buy a property that is at least worth $400,000.
- A minimum of $500,000 should be invested toward fixed capital contributions.
- Deposit at least $500,000, equivalent foreign currency, or TRY into a Turkish bank account.
- Invest in government bonds worth at least $500,000, or the equivalent in other currencies, or TRY.
- Purchase at least $500,000 worth of stock in a venture capital or real estate investment fund.
- Invest in a private pension system at least $500,000, equivalent foreign currency, or TRY for a minimum holding of three years.
Citizenship by investment programs has never been easier!
Let Imtilak make the process easy for you! Our team has the experience to guide you through every step of the process, from researching the options available to completing the application and meeting the requirements. Contact us today to find out how we can assist you in obtaining citizenship through a Citizenship by Investment program and starting your new life in Turkey.
Edited by Imtilak Real Estate ©
Do you like this topic? You can share it with your friends now
To obtain an investor residence permit in Turkiye, some necessary conditions and documents must be met. Learn in detail...
Imtilak Real Estate offers you a detailed answer, supported by facts and figures, by experts in the Turkish market, to t...
Learn in our article, the advantages of agricultural investment in Turkey and the best cities and agricultural areas in...