Benefits of Turkish Citizenship
Turkey is a beautiful country with wonderful nature and a rich cultural heritage. Besides being a significant geopolitical player, it has many benefits like visa-free regimes or free education and healthcare.
Turkey is a beautiful country with wonderful nature and a rich cultural heritage. Besides being a significant geopolitical player, it has many benefits like visa-free regimes or free education and healthcare. It is no surprise that many people want to become citizens of this country, and luckily, there are programs for investors allowing you to. Find out what benefits you get from becoming a Turkish citizen and what you need to do to get its passport.
What Are the Benefits of Turkish Citizenship?
Here are the key advantages of Turkish citizenship:
- Free education
- Universal healthcare
- Visa-free regime with about 100 countries listed at https://immigrantinvest.com/blog/turkish-passport-visa-free-countries-en/
- Simplified entrance to the Schengen zone
- No minimum residence requirements
- Pension programs
- Dual citizenship allowed
These are just the benefits that are plain to see. As Svetlana Gorchakova, an expert from Immigrant Invest, pointed out, the strategic position of Turkey will only increase its weight in the global arena, making investing in it even more profitable. Turkey facilitates the movement of goods and energy from the West to the East, combining both cultures. It is a trade hub and tourist mecca while its own products have a good reputation around the world. That is why becoming a Turkish citizen early will prove profitable in the future, with all the available ways explained at https://immigrantinvest.com/blog/all-ways-to-get-a-turkish-passport-en/.
Another thing that rarely comes to mind is an E2 US Treaty Visa. Unlike other migration visas that either cost a fortune or are extremely difficult to obtain, this one gives a fairly affordable and easy opportunity to live and work in the US for five years. Turkey is a member of this treaty, which makes its passport even more valuable.
How to Get Turkish Citizenship by Investment
Now that you know all the current and future benefits of Turkish citizenship, the next reasonable question is how to get it. Luckily for those who don't have time to wait for naturalization, in 2017 Turkey launched an investment citizenship program. It is quite straightforward: adults with no criminal record or disease that can pose a threat to society can invest in the country's economy, after which they get a residence permit and set on route to becoming citizens.
Eligible Investments for Turkish Citizenship by Buying Property
The cheapest and most popular way is getting Turkish citizenship by real estate investment. The initial value requirements used to be $400,000 but dropped down to $250,000 in the year 2018. Investors can buy both residential and commercial property, production facilities, and plots of land.
If you don't feel the urge to put your money into real estate but still would like to get the advantages of Turkish citizenship and the services that come with it, there are other options. Placing an equivalent of $500,000 in a bank in Turkey in any currency, investing the same amount in the equities of the country, or using it as capital to start a business there will also allow you to apply.
Members of your family can also receive citizenship in the process, but only if they don't have their own source of income. If you want residence permits for your spouse's parents as well, it will cost you an additional $5,000 per person. Unfortunately, their status cannot be promoted to citizens through this program.
To your notes, there are as well as many other countries providing citizenship by investment, such as Costa Rica, Spain, Portugal, and Greece.
Conclusion
Turkey is a wonderful country to live in because of its high living standards and strategic role in trade and global politics. Citizens of the country may benefit from a developed, free education system, universal healthcare, and less stringent procedures for obtaining visas and traveling to other countries. The 2017 CIP program allows citizens of other countries to become citizens of Turkey through investing in real estate and equities of the country.
