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Turkey is a renowned destination in the world between Asia and Europe. Thus, Turkey’s culture is influenced both by its Asian and European neighbors. Endowed with beautiful architecture and culture-rich buildings, Turkey is also a popular destination among people seeking citizenship by investment.
The reason for the increasing investment in Turkey is due to its location and close proximity to both Asia and Europe. Also, its solid economic markets and an expanding employment rate increase its popularity among citizenship seekers.
In addition, gaining citizenship in Turkey is also an easy process. However, consulting professionals for Turkish citizenship investment details on Global Residence Index makes the process easier.
The Basics of Turkish Citizenship by Investment Program
The Turkish citizenship by investment program was launched in the year 2016 and is renowned as Turkey Golden Visa. The program allows foreign investors to get a Turkish passport within a period of three to six months.
The minimum requirement for purchasing real estate in Turkey is making an investment of a minimum of $250,000 in the real estate sector. In addition, you can also invest in government bonds or establish a firm in the country that would generate employment opportunities for the citizens of Turkey.
Different Advantages of Obtaining Turkish Citizenship
Here are some of the advantages of obtaining Turkish citizenship through an investment that can help you decide in favor of the nation.
A Simple Process To Follow
Processing Turkish citizenship through an investment program is an easy task and does not require many steps to be followed. For example, the checklist mentioned in the document is just a one-page one.
Also, the best part is that the entire process can be completed remotely by simply appointing a reputable firm. The firm can meet all the formalities on your behalf and save you the efforts to come down and be physically present in Turkey.
In addition, the investment made through the program is safe and risk-free.
Get Access to Schengen Visa
Turkish citizenship gives you access to acquiring a C-2 Schengen visa for a period of 5 years. Also, after completing the Turkish citizenship by investment program, the investor can easily stay in the Schengen area for a comfortable period of 90 days. This access increases the growth opportunities of different kinds for investors, especially entrepreneurs.
Get Entry into Turkey Anytime
Another essential benefit of Turkish citizenship by investment is that it gives you entry into the country any time of the year, no matter what the circumstances are. In fact, even if the borders of the country are closed, the citizenship holders get access. This facility also helps investors leave their country of origin if there are any emergencies.
Free Zones in Turkey
If you are seeking avenues to run a business in Turkey, you can also avail the benefit of the free zones established here. Turkey has 18 free zones, which have been designed with the aim to increase as well as promote investments that are export based.
Also, when an investor opens up a firm in any of these free zones, they can avail the benefit of tax exceptions. For example, no property tax is levied on the buildings built or lands acquired in the free zones.
Exemption From Paying Double Taxes
Since Turkey has entered into a double tax avoidance treaty with around 82 nations, the investors who obtain Turkish citizenship are for a double benefit. They do not have to pay taxes to both the countries of origin and Turkey. The nations included in the treaty are India, China, and Pakistan.
Business Visa for USA
Another practical benefit of obtaining Turkish citizenship is accessing an E-2 visa for the USA. The investor can both establish or purchase a firm in the US.
Investors get a visa for two years, and it is not considered an immigration visa. However, the investor can get the visa extended unlimited times and include spouses and unmarried children under 21 years of age.
Access to Good Education
Once investors can access Turkish passports, they can also avail of good educational facilities. There are many adequate university reimbursement and free education plans for kids. Thus, investors with kids or students can choose Turkey if they seek better education facilities.
Easy Travel Opportunities
After acquiring a Turkish passport, investors can easily travel visa-free to 110 nations. Some of the nations included in the list are Japan, Singapore, and Hong Kong. Traveling to these nations, investors can set up their business deals and get doors opened to more avenues.
Also, life in Turkey is comfortable for citizens, making it a popular destination worldwide. This is the reason why more and more people are applying for citizenship through investment programs.
There are immense benefits to acquiring Turkish citizenship, including visa-free travel to different nations, including the USA. Being one of the most culturally-rich countries, Turkey has many good things to offer.
The need remains to complete all the requirements as asked by the authorities. This is where platforms such as Global Residence Index come into the picture. Their team of experts and professionals can help you walk through the process easier while assisting investors in understanding the benefits of acquiring a Turkish passport. Happy acquiring citizenship!