Turkey is often called the Land of the Four Seas and has a wonderful climate, beautiful nature, a stable economy, and a relatively high standard of living. Due to this and many other reasons, foreigners want to move here to live and do business.
It is possible to get Turkish citizenship by birthright, employment, marriage with a citizen of the country, naturalization, or special merits or investment. However, the fastest way is to participate in a government investment program.
What about Turkey Citizenship by Investment?
You can get Turkey citizenship by investment by making contributions to the country’s real estate. For example, it could be the purchase of commercial or residential real estate and land (there may be more than one object) for $ 400,000 from a company or individual. The program is attractive to investors because real estate in Turkey is constantly growing. In addition, the rental of acquired space brings an additional annual income of up to 15%.
You can also invest in businesses, buy government bonds, open a deposit at a local bank or buy shares in an investment fund (from $ 500,000).
Benefits of Turkey Citizenship
Let’s look at the benefits of coveted status that are guaranteed by the state:
- modern, safe living conditions;
- respect for all religions and creeds;
- the same rights as all citizens of the state;
- obtain the coveted status for all family members as well, including children born after immigration;
- access to medicine and education based on international standards;
- the opportunity to develop commercial relationships at the global level;
- the right to vote on an equal footing with citizens by birth.
Since the Republic of Turkey is both a European and an Asian country, it combines ancient cultural traditions and modern technology. In addition, there are other Turkey passport benefits, so let’s consider them in detail.
Visa-free Travel
It should be noted that visa-free travels with Turkish passport are available in more than 70 countries, including Hong Kong and Singapore, and 35 countries issue visas on arrival (Maldives, Seychelles). You will have to get an electronic permit to visit Sri Lanka.
You can obtain a C-2 visa for tourism and business travel to the Schengen area; it is issued for five years and can be extended if necessary. The 10-year U.S. tourist visa allows you to visit relatives, travel, and get medical treatment, but not work or study.
Access to the Turkish Healthcare System
The level of medicine in Turkey is at high level. Everyone who is a citizen or resident of the country can use the services of public clinics for free. Private hospitals and medical centers provide services on insurance, with discounts on their services. People often come here for treatment and complicated surgeries.
Right to Work and Live
The status of a resident allows you to open your own business quickly and without lengthy procedures on the country’s territory. So, according to statistics, about half a million foreign companies and enterprises are registered annually, and hundreds of thousands of foreign citizens are employed. As a result, the Republic of Turkey is in the top 10 world powers most attractive for living and working.
Tax Advantages
One of the essential advantages of Turkish passport is the opportunity to run your own business under comfortable conditions in a transparent and clear tax system. The inspections by regulatory authorities are carried out only at the initial stage of doing business. If there are no violations, business people are usually not disturbed later on.
18 free zones with special tax regimes allow more active business development in different spheres. For example, there is no income or corporate tax, but you must pay stamp duty and property tax.
Education and Business Opportunities
As the specialist of the agency Immigrant Invest Svetlana Gorchakova notes, it is easy for a foreigner to open a business in Turkey. Still, according to the legislation, it is necessary to involve a Turk in the business and obtain a work permit. The country’s passport eliminates the need to involve outsiders in your business project and dramatically simplifies the process of registering your company. If you need to find a good job in Turkey, the first thing an employer will pay attention to is the applicants with a local ID card.
As for education, there are also advantages, such as scholarships and free education in some universities.
Conclusion
A simplified scheme for obtaining a Turkish residence permit is as follows:
- consultation with an immigration specialist;
- preparation of documents;
- investment;
- obtaining residence permit status and applying for citizenship;
- getting a passport.
It would be best if you asked for legal support from specialists to pass all these stages quickly and painlessly. This question is covered in more detail at immigrantinvest.com. By becoming a citizen of Turkey, you and your family get new opportunities and excellent prospects for a new stage of life.