Citizenship by investment is a program that allows foreign nationals to become citizens of countries without having to live there and give up their original citizenship. It allows individuals and businesses to avail passports to live and work in another country.
There are several countries that offer citizenship by investment programs to foreign nationals to provide work permits and residence in return for investment. If you want to reside and work in Turkey, citizenship by investment is one of the best options to become a Turkish citizen. This article illustrates the requirements and benefits of citizenship by investment.
How to get citizenship by investment in Turkey?
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One of the most exciting trends in the global economy today is the increased popularity of immigration programs. These programs allow individuals to obtain their citizenship in exchange for a financial investment, which is then used to support development projects in their native country.
The Turkish citizenship by investment program is a fast-growing option for those seeking to become Turkish citizens. With the country’s strong economy and high standards of living, it is an attractive destination for many individuals from around the world.
The country offers citizenship by investment to investors from countries outside of Europe, Africa, and Asia. There are three levels of citizenship i.e., gold, silver and bronze based on the amount of investment. It is common for countries like Turkey to offer citizenship by investment programs to foreign nationals to receive residence and work permits.
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To qualify for the immigration program, you must acquire at least 400,000 USD worth of investments to become a Turkish citizen. Furthermore, the applicant must be 18 years or older and must reside in Turkey for five years after becoming a citizen. However, there are other conditions that can make you qualify for this program.
To apply for the immigration program, you must meet all applicable requirements of the Turkish Citizenship Law. This includes having at least two years of residency in Turkey, you must be able to provide evidence of your investment and have the necessary financial resources to support yourself and your family.
Once you have met these requirements and obtained citizenship, you will have at least five years to reside in Turkey before you decide to leave the country for good.
What are the requirements to qualify for citizenship by investment in Turkey?
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There are different conditions to qualify for an immigration program in Turkey and you have to fulfil any criteria to reside and work in the country. The requirements to qualify for an investment program in Turkey include the following:
- Make sure to obtain a minimum investment in real estate of 400,000 USD.
- Make sure to invest at least 500,000 USD worth of investment as a fixed capital contribution.
- Open an account in any Turkish bank and deposit a minimum amount of 500,000 USD or their native currency i.e., Turkish lira worth equal value.
- Acquire a minimum amount of 500,000 USD government bond or a private pension scheme, and keep the investment for at least 3 years.
- Run a company that can provide employment opportunities to at least 50 employees and workers.
- Make sure to invest a minimum amount of 500,000 USD in capital investment or real estate investment fund share.
Benefits of acquiring citizenship by investment in Turkey
The benefits of acquiring citizenship by investment in Turkey are numerous, including increased job opportunities, access to healthcare and education, and the ability to travel to different countries without a visa. Also, Turkey is a famous tourist destination with ideal weather and climate, along with plenty of beautiful landscapes.
A Turkish passport gives you access to over 110 countries around the world without any additional requirements or restrictions. However, some countries do require passports with certain types of visas before allowing entry into their territory.
Furthermore, Turkish citizens have access to some of the best schools in the world, including American universities and schools. The country also has one of the largest economies in Europe, which allows its citizens more money than most countries can offer.
In addition to these benefits, being a citizen of Turkey provides additional benefits such as investors can get legal protection for their assets and tax relief on their investments. It allows individuals to live and work anywhere in Turkey without restrictions, and anyone can also avail of financial aid for education or training programs abroad and many more.
Lastly, for businesses and entrepreneurs, Turkish citizenship can provide business immigration to countries like the USA which allows an investor to run their business, and offer residence and visa for 2 years.
In Turkey, there are several other investment incentives for businesses and entrepreneurs including VAT and custom duty exemptions, tax deductions and many more. There are 18 free zones to attract investors and promote export-oriented manufacturing businesses where you can get exempt from paying property tax, etc.
Other benefits of living in Turkey include a moderate cost of living as compared to other countries in Europe. The country is also known for their welcoming attitude towards foreign nationals and hospitality. Moreover, it’s a developed country, so you can avail of all facilities including transportation, hospital services, infrastructure, adequate job opportunities and high-quality education.
The Bottom-line
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These immigration programs are extremely beneficial for individuals who are willing to invest in assets and properties in different developing countries allowing them to get more returns in the future. Furthermore, they can get to reside and work in different countries while enjoying other benefits that come along with these types of immigration programs.
Turkey is among the several countries that offer such special programs to attract foreign nationals and investors for development projects and financial investments. Following these prerequisites will allow you to acquire citizenship by investment in the country.
