If you decide to become a citizen of another country, you should familiarize yourself with the prospects, then choose the most appropriate option. It is suggested to pay attention to the two popular destinations.
The location of Turkey is extremely favorable: the country is surrounded by three seas. Modern transport links allow easy access to famous markets around the world. The capital of the country is Ankara.
However, Istanbul has tacitly proclaimed the main center of commercial and cultural development.
To get Turkey citizenship by investing, it is not necessary to reside in the country permanently. The applicant will be exempt from the compulsory language and history exams and compulsory military service.
These attractive conditions facilitate the purchase of the real estate by foreigners.
What is the sense of Turkey’s citizenship program for investment?
How to become a resident of Turkey? First, choose an investment option that is most preferable to you among the several offered. Then, it is recommended to open an account in one of the banks in Turkey.
After preparing a package of necessary documents (this includes certificates and translations), the investment procedure is considered to be completed. The official agent passes the package of securities to the government of the country. You can expect an interview.
The review process usually takes about 120 days. If the outcome is favorable, the investor receives citizenship documents. The right to get Turkish passport documents is provided.
Important information: taxes in Turkey on gifts, and inheritance apply to assets all over the world, which are owned by citizens of the country. It is recommended to get a qualified consultation on these and other issues.
What you get as a Turkish citizen
The Turkish authorities are actively attracting investors.
In January 2017, the corresponding program “Turkish Citizenship for Investment” was launched. Today, this process has brought its results: an increase in foreign direct investment, and the development of the real estate market of the country.
The world-famous city of Istanbul has great geostrategic importance. What is included in this program? Let’s find out more about it below:
- obtaining citizenship in a country with a mild Mediterranean climate, unique nature, and decent standard of living;
- the visa-free regime, visa on arrival at more than 100 destinations (this also applies to Japan, Hong Kong, and Singapore);
- the right to obtain an E-2 investor visa in the U.S. is available for 5 years with the possibility of renewal;
- citizenship is available to the applicant, as well as his family members;
- the country is a reliable center of economy, and finance between Europe, West Asia, and the Middle East.
The investor has some requirements: the age of 18 years, a legal source of income without an unexpunged criminal record, and dangerous diseases. According to an Immigrant Invest specialist, an applicant for citizenship must meet one of the investment requirements:
- opening a local bank account of $500,000 or more;
- the purchase of $500,000 or more in government bonds;
- buying a share of a real estate investment fund, or venture capital fund in the amount of $500,000 or more;
- the purchase of a real estate in the amount of $400,000 or more;
- a contribution of $500,000 or more to a private pension system for a minimum holding period of three years;
- a capital contribution of $500,000 or more;
- creation of jobs for 50 people or more, requires approval from the Department of Family, Labor, and Human Services.
Contribution in Turkish lira, a foreign currency, is allowed instead of U.S. currency. Applicants may also add spouses, children under the age of 18, and children with disabilities of any age on their application.
How to obtain Grenada citizenship by investment
Grenada is an island state in the Caribbean. The level of economic development depends on the growth of agriculture, the provision of tourist services, and the flow of investment from the citizenship program.
How to get Grenada citizenship?
To do this, it is proposed to purchase real estate worth $220,000 or contribute $150,000 or more to the state fund.
The “Grenada Citizenship for Investment” program was launched to attract investors.
It includes obtaining a second passport for investors and their family members, which opens visa-free entry to more than 140 countries, including EU Schengen Agreement countries, Great Britain, Russia, China, and Singapore.
Grenada citizens are also allowed to apply for a U.S. E2 visa.
Within a short period of time, a qualified investor can get a second passport.
What are the benefits of this program? Read more about it below:
- the possibility of obtaining citizenship within 60 days;
- inclusion of family members in the application: spouse, dependent children up to 30 years old, dependent parents, and so on (detailed information can be obtained from a specialist);
- dual citizenship: passed on to future generations;
- US visa availability: Grenada is the only Caribbean country whose citizens may apply for an E2 visa in the States;
- no mandatory residency before and after application;
- no interview, and no mandatory exams;
- visa-free travel facilitates considerable mobility.
Tax advantages are also undeniable: the country does not tax investors’ income all over the world and capital increases.
Tax benefits are provided.
Grenada citizenship by investment program
It takes an average of 60-90 days to process the documents.
The application is evaluated by the Grenada CBI Committee (CBIC). The application process is handled by authorized international marketing agents and a local agent. The rules of processing documents are not complicated, but the verification is carried out thoroughly.
During the verification process, the investor makes an initial deposit.
To obtain dual citizenship, simple rules should be followed:
- choose a licensed authorized agent to manage your application;
- complete the required application forms and necessary documents;
- the application is evaluated and a background check is conducted;
- a letter of approval of second citizenship is issued within 60-90 days after the application is submitted;
- determine donation route: to NFT Grenada or real estate, provide confirmation;
- obtain confirmation of second citizenship.
Documents are accepted in English. Documents in another language must be translated into English and certified according to Grenadian law.
One of the many purposes of obtaining citizenship is the opportunity to become the owner of a second passport to family members with all the benefits that result.
Who can become an investor?
It is not difficult to obtain Grenada citizenship. The country does not impose harsh requirements. Read more about it below:
- age of 18 or older;
- absence of dangerous diseases;
- mental health;
- no criminal record;
- careful background check;
- proof of financial capability.
Completion of mandatory documents is required.
The amount of the applicant’s investment is $150,000 per NTF. For a family of four, the sum increases to $200,000. You will need to contribute $25,000 for additional family members. You can find more information by clicking on this link.