The ancient and modern western worlds are perfectly blended with an Eastern twist. A contributing factor was the country’s expanding economy, which has led to Turkey’s current abundance of investment options, modern infrastructure, and opportunities for a successful professional career and possible retirement. The nation is also a hub for tourism and investment in urban regions, and it has good international connections.
The Turkey Citizenship by Investment Scheme, which was established in 2017, offers one of the quickest and most straightforward ways to obtain a second passport. To make the CBI more appealing, the Turkish government initially set the investment requirement at US$1,000,000; however, in 2019 it was lowered to US$250,000, and in April 2022 it decided to raise it to US$400,000. There are many different investment possibilities accessible, such as investing US $400,000 in real estate, depositing US $500,000 in cash at a Turkish bank, investing US $500,000 in cash to buy US Government Bonds, or creating 50 new employment in Turkey.
Advantages of Turkish Citizenship
110 nations do not require a visa for citizens of Turkey. These nations include Singapore, Hong Kong, and Japan. Additionally, there are now ongoing talks to guarantee Turkish citizens visa-free access to the Schengen region.
Holders of Turkish passports are permitted to work, establish businesses, and relocate permanently to EEC nations under the Ankara Agreement.Opportunities for business in the nations of the European Economic Community. Although a visa is needed, getting one is not nearly as challenging as it is for people of other nationalities. This represents a huge potential advantage for the program for Turkish citizenship by investment.
With a Turkish passport, it becomes considerably easier to secure the E2 investment visa for the United States. The E2 visa allows for the inclusion of an applicant and their family, but because it is regarded as a non-immigrant visa, its holders cannot get US citizenship.
In Turkey, there are a lot of international kindergartens and schools. The bilingual educational system and global atmosphere are beneficial to children. English and Turkish are the two main languages, however some institutions also provide instruction in Spanish, French, German, Arabic, etc.
Turkey has more than 200 universities. According to the World University Ranking, six of them are among the top 500 universities. Turkish nationals can also apply for grants and scholarships that help pay for a portion of their educational costs. Turkey has participated in the Bologna Process since 2001. This enables Turkish students to spend semesters on exchange abroad.
Turkish clinics adhere to international standards, and 34 of them have earned Joint Commission International accreditation. With the use of cutting-edge medical technology, doctors may treat cancer, do bone marrow transplants, perform plastic surgery, and much more.
One of the most important advantages which refers to familes is not only investors can obtain Turkish citizenship through investing. Close family members, such as spouses and young children under the age of 18, are also eligible. Turkish resident permits can be obtained by an applicant’s parents and any children who are above 18. Turkish citizenship is automatically conferred on children born to Turkish citizens. No language or residency requirements.
Turkish citizenship by investment applicants are exempt from taking the history and language tests. They are not also need to reside in Turkey. Turkish nationals are permitted to hold two citizenships. It implies that investors are not required to give up their original citizenship. Keep in mind that having dual citizenship with Turkey may be restricted by other nations.
