What are the advantages and disadvantages of Turkish immigrant passport?

Turkey amended its immigration bill last September.

You can get a Turkish passport if you buy a local property with a price of more than 250,000 US dollars (you can sell it after 3 years), which will be approved by the applicant, spouse and children under 18.

The previous bill was $654.38 million+00,000, which decreased by 3/4 at once.

So Turkish passports and Turkish properties have suddenly become so popular.

In fact, besides buying a house, there are several other ways to invest in Turkey.

For example, bank deposits, buying government bonds, VC funds and creating jobs are generally the easiest ways to buy a house with the least amount.

Since last year,

Turkish real estate is very popular with foreigners.

2065438+In July 2009, Turkey sold 102236 houses.

Istanbul, the largest city, ranked first, selling 6709 sets.

Followed by 3035 sets in Ankara, the capital,

Then there is the coastal city of Izmir, with 20 12 sets, and other places are almost the same.

Among them, foreigners bought 4 192 sets, a year-on-year increase of 46.7%.

Turkey's exchange rate plummeted in August last year, attracting a large number of foreigners to buy houses there.

Because a suite is equivalent to tens of thousands of dollars cheaper.

They bet that the Turkish exchange rate will bottom out and rebound.

On the other hand, after the amendment of the immigration bill in June last year, the number of people who bought houses and invested in naturalization surged in 5438+ 10.

By the end of July this year,

In less than a year, nearly 1000 applications have been approved, and 1700 applications are in the preliminary stage, which is really hot.

These foreigners have also stimulated the local real estate market.

As for the future of housing prices in this country, I am not a real estate expert.

Especially what will happen in three years, there is no way to judge.

It is also suggested to maintain a relatively peaceful attitude towards real estate when choosing to buy a house and immigrate to Turkey. What needs to be emphasized is that compared with Turkish immigrants who buy houses,

It is by no means an immigrant from Greece, Portugal or Spain who buys a house.

They are originally two types of immigrants in parallel space.

The former holds a permanent residence card, while the latter holds a passport (nationality), which is very different in essence.

Expand and explain:

In Greece, Portugal and Spain, immigrants who buy houses in these places are granted residence (temporary residence is changed to permanent residence, or direct permanent residence), and whether they want to be naturalized afterwards is the applicant's own freedom.

The advantage of getting this residence card is that you can live in the local area and enjoy local life and educational resources.

You can also choose not to live locally for the time being.

However, it can be used as a retreat, and it is quite comfortable to move to Europe, travel to Schengen, support the elderly or relax at any time in the future.

The main function of these immigrants,

It is a "demand for improvement" and a "lifestyle" choice.

The emphasis is more on the quality of life in this country/region itself.

There should be a physical dividing line here. )

Turkish immigrants who buy houses get passports, that is, Turkish citizenship.

To tell the truth, people who hold this status in China basically don't want to live there, and the function of life is very weak, so they don't move.

This kind of passport is suitable for comparison with the passports of Caribbean island countries, that is, the "functional" passport I mentioned before.

Poke: Rich people love to buy this kind of passport.

With this passport, in several aspects, high-net-worth people can avoid taxes and travel, and their children can go to international schools. A few people can apply for an E2 visa in the United States.

For example, putting assets in bank accounts opened in these countries reduces the transparency of assets and avoids taxes.

For example, in extremely special circumstances, you can use this passport to travel.

For example, children attending international schools have foreign requirements and can meet the requirements.

For example, the E2 visa in the United States, only Grenada in the Caribbean island countries is within the scope of application for E2 visa, and Turkey can also apply for E2 visa (described in detail below).

Judging from these functions, Turkish passports are not inferior to Caribbean island countries, or even more outstanding.

In the traditional Caribbean island countries, there are generally two ways to buy passports with money, namely, donating money or buying a house. The donation/purchase amount of these countries was summarized before.

If the donation, plus legal fees, miscellaneous fees and other expenses. A family is about $200,000.

If you buy a house, the cost is higher.

Many houses in Caribbean island countries,

Under the naturalization policy, it is necessary to purchase real estate projects designated by the government/immigration bureau, rather than all local real estate, and the investment attributes and liquidity will be relatively poor.

No matter whether Turkey will rise or fall in the future, as a bridge connecting Asia and Europe, its real estate still has investment attributes.

Relatively speaking, compared with donating all the money or investing in a more expensive house with weaker properties,

Buy a house in Turkey for $250,000 (other expenses are much lower).

Not only can the whole family get a passport, but they can also hold a house with investment value, which can be resold or rented.

In addition, Turkey is a popular country, and its international recognition will be higher.

From this perspective, Turkish passports are much more cost-effective.

Here comes the point! ! ! Buying a house in Turkey and Caribbean island countries is of little use to your life.

They are mainly functional passports,

Indirectly helping the applicant to achieve other purposes,

The universality is not so strong, and it is aimed at people with minority needs.

Specifically talk about Turkey's policy of buying a house for naturalization:

There are no restrictions on the type of property, the number of apartments and the city for the property with a price of 250,000 USD. It can be sold for three years after purchase, and the passport identity will remain.

The applicant, the applicant's spouse,/kloc-children under the age of 0/8 will get the passport in almost 6 months.

Functionally, it is mainly the function mentioned above.

A, account opening/tax avoidance/reducing asset transparency

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Turkish passports can open accounts in Hong Kong and Singapore, which reduces the transparency of assets.

In addition, Turkey's tax system belongs to non-global taxation (the trouble of the rich, so it is solved), which is suitable for tax avoidance.

At this stage, it is still possible to open Caribbean island passports in these two places, but it is more difficult.

Turkish passport identity is much easier.

B, travel

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I have to say that compared with Caribbean island countries, there are far fewer visa-free countries in Turkey, and there are probably 1 10 visa-free/landing visa countries/regions.

Schengen countries and Turkey, which can be exempted from visas for Caribbean island countries, are not included in the visa-free scope.

This is a disadvantage.

However, Japan, China Port/Macao/Taiwan, Singapore and South Korea can all be exempted from signing, which is a small compensation.

C, go to an international school

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At present, the qualification examination of international schools is becoming more and more strict, and the degree of Turkish passport certification is much higher.

D Turkish passport can be used to apply for American E2 visa.

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As for the E2 visa, you can read this article specifically: the money for buying a room and a living room is enough for a family to "immigrate" to the United States.

Because it is more and more difficult to apply for a green card in the United States, the E2 visa can be regarded as a curve immigration to the United States.

Turkey and the United States have bilateral investment agreements,

If you invest in a qualified company in the United States like Turkey, you can apply for an American E2 visa.

Among the countries with E2 visas, the number of applications approved as Turkey is very high.

Let me talk about some other points.

A: As mentioned by many immigration agencies, Turkish passports can be used to immigrate to the UK.

Turkey and Britain have an ECAA agreement-

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People with Turkish nationality are allowed to start their own businesses in Britain, and they can obtain permanent residency in Britain after living for five years. Moreover, this business has no minimum investment and minimum post requirements.

But this, everyone is not very sure,

Local people have successfully applied before, but they have not passed the naturalization bill.

If you apply for this passport for permanent residence in the UK, it is not recommended.

The plan itself is to apply for a British business visa, do business locally, live for five years, and then move to permanent residence. If there is any change in British policy in the past five years, there will still be some risks and troubles.

Second, many immigration agencies say that Turkey is a candidate for the EU.

Listen to this. It has been handed down since the 1990s.

There are several hard thresholds for joining the EU, but Turkey is not qualified.

C, there is a special question that a reader asked me, and I also like it.

He bought a house in Turkey on the 20th/10th/4th. Can he apply for naturalization directly with that suite now?

I asked the local lawyer,

The lawyer said that this motion was put forward in June 20 17 and revised in September 20 18.

Therefore, properties purchased before 20 17 cannot be naturalized according to the current application standards.

D.is there any risk in this passport?

Yes, policy risks, which are based on the current bill.

Investing in naturalization and E2 visas, including permanent residence in the UK, does not guarantee that this policy will continue in the future.

However, policy risks apply to any country.

To sum it up

Emigration fever in Turkey,

The main purpose is not to live (of course, it is no problem to want to live), but whether you can meet your own needs.

Compared with donating all the money,

Turkish passport can hold real estate and rent income, which is already very cost-effective.

In terms of real estate investment,

I think it's better to have a Buddhist mentality.

The investment prospects mentioned by the immigration agencies are treated with normality.

Going up is a surprise, and going down is also relaxing (so many people will choose to invest in hotels, because the local tourism industry is really ok, and the rental income of good hotels can be guaranteed).

The logic of choice is-133.

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I bought a Turkish passport because of the prospect of real estate investment in Turkey.

Or because of the need to obtain identity, I went to Turkey to buy a house and invest. The above figures are linked together.