The Turkey citizenship by investment scheme is an excellent choice. In comparison to the rest of the schemes like the ones in the Caribbean, this paperwork is relatively less heavy. Also, if you play your cards right, you could make a tidy profit from the investment. There are a few key things that you need to know about the scheme.
Open an Offshore Account
The first thing to remember is that the investment scheme requires you to open an offshore account. This account is known as European Investment Fund. This is where the money you put into your offshore account is invested. A Foreign Currency Exchange is not compulsory, but it will increase the amount you can access in your offshore account. The Turkey Citizenship By Investment plan allows you to invest up to three years in these funds.
Invest in Properties
The second thing you must be aware of is the investment scheme’s focus on investing in properties. Property is what the Turkish government is keen on as it does have a large tourist industry and domestic investors. However, before you take advantage of the Turkey citizenship by investment program, you must have a valid passport. It cannot be an expired one as this scheme is designed for the long-term resident of Turkey. Once your application is approved, you will be able to purchase properties at up to 50% off the market price.
If you plan on investing in Turkey, then you will have to have a valid passport, or at least a relevant foreign passport. If you do not, then you may find yourself being turned down. You must also have an up-to-date passport covering your stay in the country of residence. You can apply for a passport online.
Furthermore, you should not have a criminal record in Turkey. This is a necessity as without it there are no investment opportunities. For instance, to work in Turkey you need to have the consent of the employer and the investment firm will not allow you to do so unless you have a Turkish passport and a clean record. This is a fine security precaution as there has been a few cases of employers turning out employees who do not have the correct papers.
Naturalization and Associated Fees
These are just some of the benefits of Turkey’s citizenship by investment program. There are quite several other benefits to consider as well. Foreigners investing in Turkey can save on the necessary documentation and processing that normally come with naturalization as well as the associated fees. Moreover, it can also provide a secure gateway to wider Europe and an excellent way to invest in Turkey. If you are thinking of investing in Turkey, then there are quite a few options available.
Turkey Citizenship by Investment
The amount of money that can be raised through Turkey citizenship by investment can vary immensely. A few people have made millions of dollars just from buying and selling properties in Turkey. Some of them have done it through a property in Antalya, which sold for over one million dollars. People who are thinking about investing in Turkey can do so through either real estate or through the various private property developments that are taking place in the country. In any case, they can raise almost a quarter of a million dollars over three years, which can easily make them wealthy.
However, if they choose the option of purchasing plots of real estate in Turkey, they will need to have the assistance of a broker. The broker will ensure that the necessary paperwork has been completed to enable the investor to purchase the land. When people choose to buy plots of real estate through a Turkey citizenship by investment program, they can help organize an investment plan that can yield them thousands of dollars per year. Even though this may not seem like much, it will still make them quite wealthy. There is no better investment program available today.