Nestled between Europe and Asia and two seas, Turkey has become one of the auspicious investment migration destination, as of 2019 authorities dramatically lowered the minimum investment requirements for its Citizenship by Investment (CBI) Program.

 

This CBI scheme allows foreign nationals, who are at least 18 years old of any nationality, with a clean criminal record and good health, to attain Turkish economic citizenship through following the necessary requirements and thus obtain the second citizenship and passport from Turkey.

 

The whole process takes approximately 3 months, the proceeding is very straightforward and transparent which also includes a comprehensive due diligence check.

 

Investors can include family members (spouse and children under the age of 18 years old as well as dis- abled children of any age) as dependents in the Turkish CBI application and citizenship is transferrable to future generations. Turkey allows dual citizenship.

 

Turkish passport allows visa free access to 114 countries around the globe, including Japan, Malaysia, Thailand, Philippines, Singapore, most of Balkan and central Asian states and nearly all Caribbean and Latin American countries and. In addition, another great advantage is the Ankara Agreement, under this agreement Turkish nationals are permitted to enter or remain in the UK by setting up a business or taking up employment in a UK company.

 

The application doesn’t require applicants to learn Turkish or to attend a mandatory interview, there is also no requirement to reside in Turkey and the applicant may apply remotely. There are no restrictions on an applicant’s country of origin. Turkey has a very favorable taxation system with no capital gains, no worldwide income or inheritance taxes.