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For investors interested in acquiring a second citizenship to expand their business, Turkey is a worthy option to consider. Holding a Turkish passport grants you visa-free access to over 110 countries, including South Korea, Qatar, Brazil, and Albania. In this article, we will explore the ranking and advantages of holding a Turkish passport in detail.
According to the Guide Passport Ranking Index, the Turkish passport is currently ranked 53rd in the world. This ranking is based on the total number of countries that allow passport holders visa-free entry or electronic travel authorization (eTA), specifically:
The Turkish passport is one of the most powerful passports in the world.
Holding a Turkish passport provides numerous benefits, including:
Turkey is a G20 country with a highly developed economy comparable to countries like Russia, Japan, the USA, Australia, and China. In terms of gross domestic product (GDP), Turkey ranks 16th globally. It is projected that by 2026, Turkey's economy will rise to 13th place worldwide. Therefore, owning a Turkish passport offers significant business advantages for investors.
The Turkish passport has no requirements for language proficiency, management skills, qualifications, or experience. Moreover, investors do not need to reside long-term to obtain citizenship. To participate in Turkey's citizenship program, you need to invest a minimum of $400,000 in real estate projects or $500,000 in government investments.
Holding a Turkish passport grants you and your family full citizen privileges, including comprehensive healthcare and social benefits. Notably, your children will receive free education. Additionally, Turkey allows dual citizenship, so you do not need to renounce your current nationality.
Holding a Turkish passport grants you all the privileges of citizenship.
The process of obtaining a Turkish passport is relatively quick, taking about 3 months after submitting the application. Specifically, once the application is complete, investors will receive a permanent residency card within 3 weeks, allowing you to sponsor your family to Turkey. After approximately 3 months of processing, the passport application will be approved.
With nearly 100 visa-free destinations, the Turkish passport is highly sought after by investors. According to statistics, Turkey issued over 13,000 passports through citizenship-by-investment programs in 2020. With visa-free access to almost half of the countries and territories worldwide, the Turkish passport is ranked as one of the most powerful in the world.
Citizens holding a Turkish passport can easily travel to the USA with an E-2 visa. This program allows Turkish passport holders to travel to the USA without limitations on the number of entries for 5 years. As long as the conditions are met, the E-2 visa can be renewed indefinitely. Although it does not permit immigration, the E-2 visa does not have a minimum investment requirement.
A Turkish passport shortens the path to the USA.
Currently, there are three options to obtain Turkish citizenship through investment:
Real estate in the citizenship-by-investment program must be government-approved and have a minimum value of $400,000. This can be the value of a single real estate project or the total of multiple projects. The property cannot be sold for 3 years, but it can be rented out for profit.
With a government investment, you need to deposit a minimum of $500,000 in any Turkish bank for 3 years. Alternatively, you can invest this amount in government bonds. If you wish to shift your investment to fixed assets, the Ministry of Industry and Technology will support you.
Investment programs for obtaining Turkish citizenship and residency.
For this option, investors need to establish a company in Turkey and create jobs for at least 50 employees. With this investment plan, you will work with the Turkish Ministry of Labor and Social Security.
The Turkish citizenship-by-investment program is the simplest and most time-efficient solution available today. For information on real estate projects or Turkish citizenship consultation, contact https://quoctichthuhai.com/ for dedicated and prompt support.
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