Many countries offer citizenship and residency programs. Most citizenship programs have higher monetary limits, residency, and language proficiency requirements. Moreover, you have to pay high fees to the government.
Turkish citizenship by investment program is different. It does not require you to stay in Turkey for some time or learn and speak some Turkish. The government does not ask for high application fees. You immediately get residency with your citizenship application and get your citizenship in the next 3-6 months.
All you have to do is to invest in one of the options in Turkey for 3 years. Your only requirement is a 3-year investment commitment. At the end of the third year, you can get your money back with profit.
The spouse and children under the age of 18 at the time of application will also have the same privileges with the main applicant. Advantages of the Turkish passport is three-fold:
- The Turkish passport
- Living and working in Turkey
- A good return on investment
Some applicants will prefer this program, just for the Turkish passport. With Turkish passport, you will have visa-free or visa on arrival access to more than 110 countries, including Japan, Malaysia, Singapore, South Africa, Mexico, Brasil, and Argentina.
You can find a current list of visa-free countries with Turkish passport here. (Comparison with Grenada and Malta) Please note that you need to pay some amount to the government to get Grenada or Malta citizenship. But in Turkish citizenship program, you only pay for your real estate investment.
Moreover, as a citizen of an EU candidate, you will be able to get long-term multiple-entry visa for the USA, The UK, Canada, Australia and Schengen zone countries. Turkish citizens are expected to have the privilege of visa-free travel to EU and Schengen countries in the future.
Other applicants will choose to become a Turkish citizen to live and work in Turkey. Turkey is a Muslim and democratic country which offers a safe environment for the family and one of the best climates in the world throughout the year. Turkish people are hospitable and have a welcoming manner to foreigners.
Turkey has a better health system than the United States and most EU countries. Some European health insurance companies fly their patients to Turkey to get better and more affordable treatment. As a Turkish citizen, applicants will have full free medical assistance for life with their spouse and children with a small fee under the government program.
The Turkish education system is well established. Your children can get free education in government schools and state universities.
Turkey is a strong country with high GDP per capita, fair tax system, an independent legal system, business-friendly regulations and convenient location nestled between Europe, Asia, and the Middle East and Africa. As a summary, you will have a high quality of life in Turkey.
All applicants will get a good return on their investment. On bank deposits or government bonds, the interest is known a priori. Turkish real estate properties offer good rental income and the prices of properties have always increased in the Turkish real estate market. At the end of 3-years, your money will be more than what you initially invested, this means that you will get paid to get the privileges of Turkish citizenship and Turkish passport.
Other highlights of the program are the following:
- Applicants do not need to declare the wealth or source of income.
- Turkey allows dual citizenship. You can keep your previous citizenship as long as your native country allows it.
- No military service is mandatory for Turkish Citizenship by Investment applicants.