The Turkish citizenship-by-investment programme (CIP) has witnessed a huge growth in demand since its introduction on the 17th of November in 2017. More than 9000 people have been granted naturalization and have an Turkish passport by investing and this number is predicted to increase.
In this piece, we will detail the benefits that the majority of these people hoped to obtain through purchasing Turkish citizenship. However, we will also look at certain of the lesser-known advantages of being an Turk that could completely change your life. But first we’ll provide an review about Turkish citizenship. Turkish CIP.
Review of Turkish CIP
The Turkish government launched the popular CIP in the year 2017 and cut down the amount of investment needed to become a citizen in 2018. The minimum investment threshold for the real estate option, the most sought-after among investors around the world, was reduced from 1 million USD to 250,000 USD.
The low cost isn’t the only benefit of the program. The simple timeline and speed can go a long way to making it a preferred choice for many investors. The concept behind the Turkey citizenship by investment programme is founded on simplicity and efficiency the only thing you have be able to accomplish is
Make an investment that is qualified
Apply for permanent residency
Apply to be a citizen
The entire process takes between 3 to 6 months. It requires only minimal documents, and investors can add their spouse and children younger than 18 years old to the application.
The main benefits from the Turkish Passport
The ease in the CIP is a major draw however it’s the long-term benefits which attract the most prestigious people in the world. Being an Turkish citizen has many benefits, these are the most well-known benefits, or most well-known, you can enjoy as a fully-fledged Turk.
Improved Global Mobility
Travelling across the globe is difficult due to the complexity of visa requirements, a problem which a second passport may assist in resolving. The Turkish passport allows visa-free travel for 111 destinations around the world, including key global trade hubs such as Hong Kong, Japan, Singapore, Qatar, and numerous others.
Simple Program
We have discussed the ease of the procedure of the Turkish CIP however, even when we go into more specifics, the ease of use of the software remains striking. The entire checklist of documents is not more than one page, and the whole process can be completed at a distance by naming a firm to represent you. Another crucial aspect is that this investment is very safe and should you decide to invest in real estate, you will have an asset that is generally at risk.
Transmitted to future generations
The majority of investors seek citizenship through investing programs not for their own benefit but for the benefit of their children’s future. The Turkish CIP excels in this area in accordance with the naturalization law as well as Citizenship Act, Turkish citizenship is automatically passed on to the next generation. Making a decision to invest into Turkish citizenship is an investment that will be beneficial to you and future generations forever.
High Living Standard
One of the most important aspects of investing in citizenship is evaluating the country as a potential plan B, or possibly a new home. Turkey has all the right boxes and boasts a top living standard , a top healthcare infrastructure, bustling business and a low cost of living with a warm and diverse climate, fantastic food and high-speed internet access, a variety of entertainment options, and other crucial factors to be considering before you decide to settle in another country.
The Secret Benefits from the Turkish Passport
We’ve covered the major advantages of being an Turk that are obvious to the majority of people, we would like to talk more about the less-known benefits which could be much more beneficial.
The E2 Visa
It is true that the United States of America is the home of many immigration routes such as the famous lottery to the costly EB5 visa, to the tough-to-find H1 visas. All of them are difficult to acquire or obtain, as well, and EB5 is definitely not financially viable for a lot of people.
There is an exception to this: that of the US E2 Treaty Visa. This is a straightforward visa that lets you reside and work in US through the establishment of your business on American shores. Additionally, it lets you sponsor your spouse and children under 21 to travel with the rest of your family.
No minimum investment required. The processing time is 3 months, however it can be extended to 3 weeks for a nominal cost. But, it’s an treaty visa meaning it’s only accessible to selected nationalities however, it is available to all nationalities, and the Turkish nationality is included on the list.
It’s not just that Turks have the right to this economical way to travel US and it’s the validity of their visa. Turkish citizens are granted a five-year E2 visa with multiple entries. Other nationalities with eligibility, like Egyptians or Jordanians For instance, they are granted a single year, one-year entrance E2 visa.
Solid Relations with The EU
The relationship between Turkey and relations with the EU is described various ways, but all agree that the yearly developments and the growing trade volume have strengthened the relationship than ever before. Turks have the option of applying to be granted long-term Schengen visas and are able to obtain visas for immigration to certain countries.
Consider the Netherlands as an excellent example. The EU nation offers a number of options for immigration, one of the most sought-after one being the self-employed visa that can result in permanent residency or citizenship for the Netherlands. To get this visa , you must undergo a rigorous pointing process except, of course you are an Turkish citizen.
Turks do not have to satisfy the requirements of the pointing system, and need to meet the fundamental requirements to be eligible, making it easier to move as Turks Turk as compared to any other non-EU citizen.
Economic Benefits
The economy of Turkey has been steadily expanding; it has had an average annual increase of 3.84 percent in the past five years. The UK’s GDP, by contrast, suffered a decline of a mean 11% over the same time frame. These numbers put in perspective the Turkish government’s strategy and implementation of its economic growth strategies.
The Turkish real property market is also flourishing because of the CIP and the well-known investment location of Istanbul has seen appreciation rates increase dramatically. In the Turkish real estate market is continuing to expand rapidly to an annual rate of 16.2 percent.
The best could yet be on the way, since in 2023 there are two major breakthroughs to the Turkish economy, the one being the dissolution of the Lausanne Treaty, which has restricted the country’s economic capabilities over the last 100 years. The second is in the form of energy, since Turkey has recently found a huge gas reserve located in the Black Sea and should start benefiting from them by 2023.
Education
The education system in Turkey has been an important draw for immigrants across the globe. Turkey is home to a variety of universities that excel in different fields of studies. Engineering, medicine, architecture, ICT, and business majors are just a few of the many options that are available to the next generation of Turkey.
Universities like Cankaya University, Istanbul Technical University, Istanbul University, and Koc University are some of the most prestigious in the United States and the latter excelling in the production of some of the top doctors and medical personnel.
The tuition in Turkey is quite affordable especially for Turkish citizens, since the tuition at public universities typically is between 600 and 1500 USD per year for English classes, while Turkish tuition is much lower and range from 240 to 750 USD.
Future Opportunities
It is a vast field of possibilities to not mention the possibilities are endless. Turkey is constantly growing and evolving, while also looking for the next biggest thing. A new deal to replace it with the Ankara Agreement between Turkey and the United Kingdom looks more likely every day. This Ankara Agreement, which expired due to Brexit, facilitated trade between the two countries, while also granting Turks their own route to immigration into the UK.
Turkey is currently working to obtain visa-free entry into the Schengen zone for its citizens and this makes their passport among the top in the world.
The list doesn’t stop there. A resurgence in the technology industry is to be in the near future, while the possibility of oil and gas becoming a significant sector within Turkey could place it in the same league as top economies in the world.
All this is speculation, or even better the science of forecasting there is one thing that is sure; Turkey is always surprising everybody.
How do I Gain Turkish Citizenship
The Turkish passport is a great choice for travelers. It comes with numerous benefits, some of them well-known but others are hidden gems. A financial investment in Turkish citizenship can be repaid in many ways, and for many generations to follow.
Menu