Investing in Turkey for Citizenship
Are you looking to gain citizenship in Turkey? With Turkey's Citizenship-by-Investment (CBI) program, you can gain Turkish citizenship and a passport by investing a certain amount of money into the country. This program has become a popular option for those who are looking to gain a passport and access to the rights and benefits of Turkish citizenship.
Real estate investment firm Trend Gayrimenkul Yatırım Ortaklığı A.Ş has been offering citizenship and passports to Hamas members who invest in Turkey. There are also other countries that offer citizenship in exchange for investments, most commonly in real estate. These are more commonly known as "golden passports". By investing a certain amount of money, it becomes possible to obtain citizenship without having to go through the usual steps of becoming a citizen.
Sezai Bacaksiz is the fifth-richest person in Turkey, with a whopping $2.7 billion. According to the report "Top Citizenship and Residency by Investment Programs, 2022", Turkish nationals make up 6.4 per cent of all applicants, with 631 applicants applying for citizenship.
There are several investment options available in Turkey. An investment of at least $400,000 worth of real estate is one of the options. You can also invest $500,000 cash in fixed assets approved by the government. Additionally, a minimum investment of $1 million in a fixed investment fund is also accepted.
Turkey's citizenship-by-investment scheme has been fuelled by a wave of Russians who fled their country after the invasion of Ukraine and the annexation of Crimea. Most of these people have chosen to move to Turkey, taking advantage of the country's CBI program.
However, not everyone is happy with the citizenship-by-investment program. Critics have raised concerns about the adverse impact of these investment schemes on the housing market, as well as the potential for money laundering and corruption. They have also raised questions about the security of the passports granted by the program, as well as the quality of the services provided to applicants.
The government of Turkey has recently taken action to address these concerns. The citizenship-by-investment program (CIP) has been scrapped, and the government has tightened its rules and regulations on foreign investment. Brazilians received over 1,000 residency permits in 2020, while Turkey, South Africa, and the internationally unrecognized Turkish Republic of Northern Cyprus also offer residency/citizenship by investment.
In conclusion, the Citizenship-by-Investment Program in Turkey provides an opportunity for those looking to gain a passport and access to the rights and benefits of Turkish citizenship. Although there are some concerns about the program, the government has taken steps to address these concerns and ensure that the program is safe and secure.
