Visa Free Countries with Turkish Passport

Countries that can be accessed with Turkish passport

Countries that can be accessed with the Turkish passport minus having to worry about a visa include: Iraq, Japan, Jordan, Thailand, Dominica, Palestine, Libya, Morocco, Uruguay, Ukraine, Montenegro, Jamaica, Costa Rica, Albania, Oman, Lebanon, Qatar, Tunisia, Brazil, Botswana, Argentina, Syria,, South Africa, Singapore, Dominica, Georgia, Ecuador El Salvador, Bolivia, Belarus, Chile, Mongolia, Venezuela, Philippines, Peru, Moldova, Russia, Mauritius, Kyrgyzstan, Guatemala, Honduras, Haiti, Colombia, Botswana, Bosnia and Herzegovina, Panama, Serbia, Montenegro, Macedonia, Kosovo, Malaysia, North Korea, and Albania.

Countries that offer visas upon arrival include Madagascar, Armenia, Maldives, Kuwait, Guinea, Mauritania, Bahrain, Djibouti, Uganda, Tanzania, Ivory Coast, Zambia, Togo, East Timor, Tajikistan, Cambodia, Mozambique, Nepal, Comoros, Sudan,  and Indonesia.

Countries that can grant visas online (via the internet) include Senegal, Myanmar, Mexico, Australia, and Rwanda, Sri Lanka.

For the foreigners applying for Turkish citizenship, it is possible to request for the Turkish passport at the time of application. This helps do away with the need for a residency period before getting the document.

In short, with its ranking and benefits, holding a Turkish passport comes with exciting perks!

Types of Turkish passports

Turkey has four categories of passports to cater to different holders as indicated below:

• The Special passport which is green in color is reserved for the government personnel, state athletes, businessmen who have exceeded certain export rates, and Metropolitan provincial and district presidents (during their tenure)
• The ordinary passport which is maroon in color is for the Turkish citizens and foreigners who applied for Turkish citizenship.
• The service-oriented passports are grey in color and are reserved for journalists, public servants, and other servicemen.
• The diplomatic passports are black in color and resereved for diplomats and embassy heads plus their family while on official duty abroad.

Benefits of the Turkish passport

• The processing and delivery process is relatively short. On average it takes only 30 days to get your document.
• The Turkish passport enjoys a visa-free entry to over 100 countries. It also has access to all 26 Schengen zone countries.
• It is ranked among the top passports in the world
• It allows for dual citizenship
• It is possible to apply for the E-2 investor visa to enter the USA
• Includes full medical assistance
• Access to pension programs
• Free education and university reimbursement plans
• A right to participate in all elections
• No residential timeframe to worry about
• It is long-term, with a renewal after 10 years.

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Turkish Citizenship for Pakistanis

Turkish Citizenship by Investment for Pakistanis

Pakistani citizens can acquire Turkish Citizenship by investing in Turkey. This Turkish Citizenship by investment program was launched in 2017 to attract foreign investors in the country to boost the economic growth in real estate. To secure Turkish Citizenship, investors had to invest vast sums of money.

If you are a Pakistani investor, this Turkish Citizenship by investment is suitable security for the future. That said, if you are interested in Turkish Citizenship by investment for Pakistanis but not sure where to start, this article is in your best interest. Let’s dive in!

 

What are the Available Investment Options?

According to the new Regulations regarding the Turkish citizenship code that was amended in 2018, the investors can choose a wide range of investment options to get Turkish Citizenship by Investment.

Option A: it stipulates that the minimum amount of property investment made shall be a minimum of $250,000 or the equal value in Turkish Lira. However, one must hold on to the property for at least three years to meet their citizenship requirements,

Option B: the option foresees investors to deposit $500,000 in cash. The condition here is for the investors to keep their monies in Turkish banks for three years.

Option C: it requires investors to have a fixed capital of $500,000. The investors can invest in fixed assets that have been vetted by the Ministry of Industry and Technology in Turkey.

Option D: investors also have the option to set up their business and create job opportunities for at least 50 Turkish employees. This should be approved by the Ministry of Labor and Social Security.

Option E: we have yet another option where the investors can obtain their Citizenship by investment through buying the Turkish Government Bills and Bonds. The minimum investment here is $500,000, and the investor must hold them for three years. Also, the investment must be verified by the Turkish Ministry of Treasury and Finance.

What are the General Requirements?

On top of the investment requirements we’ve discussed above, you need to meet a few general requirements to qualify for Turkish Citizenship by investment.

• You must not have stayed or entered Turkey illegally
• You must be at least 18 years old
• You must not sell your property for at least three years
• You must not have any criminal records in Turkey or any other country that the investor has resided for more than ten years

 

Are there Turkish Citizenship Benefits?

Obtaining Turkish Citizenship By Investment comes with several perks. That includes but not limited to;

• Everyone in your family; your spouse and children under 18 years, will automatically qualify for the Citizenship
• Visa-free access to 115 countries, including a large part of South American countries
• You can reside in the USA through the USA E-2 Investor Visa
• You can quickly relocate to the UK via the Ankara Agreement that allows Turkish nationals to relocate to the UK to set up a business with relocation under a month
• Rental income for three years with the option to resell after
• Legal dual Citizenship
• Ability to protect your assets among other tax advantages
• Easy access to Canada, Australia, and Europe
• No limitation to how long you can stay in Turkey
• You get Citizenship without a residency condition
• For the Turkish Citizenship by Investment applicants, there’s no military service required
• Free education programs and healthcare for the children and the entire family

 

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Turkish Citizenship for Chinese Investors

How to get E2 Visa to the USA faster for Chinese through citizenship by investment in Turkey

 

We all know getting the infamous EB-5 Green Card is increasingly pricey, and many investors are looking for cheaper alternatives to access the USA. Aside from the high price, the EB-5 program also includes a cap of around 700 applicants per country annually.

Therefore, certain countries have a considerable backlog, for instance, China, and hence, Chinese applicants can wait up to 17 years to get access to the EB-5. Thankfully, with the E2 visa, you can still obtain permanent residence in the US. Yes, you heard that right! Stick around to find out more.

 

What is an E2 Visa to the USA?

The E2 visa grants you permanent residence in the USA if you invest in government-approved projects across the country. This visa can be beneficial since it grants access to the USA education system. Above all, this visa also gives you the right to work, retire, study or even retire in the USA. And that’s not all! Your child (under 21) will get permanent residence in the US.

Here’s the tricky part: The E2 visa can only be obtained when the investment is substantial and from countries with an E2 treaty with the US. What do I mean? First, you need to have a good investment before registering for this visa, but it’s less when compared to that of EB-5.

The other crucial part is you have to be a residence of a country with an E2 treaty with the US, including Montenegro, Turkey, and Grenada. In this article, we’ll concentrate on obtaining a Turkey residency for Chinese citizens.

 

How to obtain Turkey residency for Chinese Citizens

Chinese citizens now face a lengthy retrogression delay through the EB-5, and the most effective alternative is the E2 visa. Turkey announced their citizenship by investment program back in 2016. The program grants residency and a second passport to applicants who’ve invested in real estate or bank deposits.

You will need to purchase a property with a minimum investment of $250,000, making it the lowest priced citizenship by investment in the market. The real estate investment was close to $1million, but it was recently reduced in 2018. This visa grants you free travel to 125 countries with a possibility of visa-free travel to the EU. And that’s all you need to obtain your Turkey citizenship which gives you an upper hand to apply for the E2 visa to the USA.

 

Applying for the E2 visa to the USA

Once you’ve obtained your Turkey visa, you are eligible to apply for the E2 visa in the USA. You will need to invest in a US business where you own at least 50% shares. Thankfully, there’s no official minimum investment amount that has been stipulated, but it’s advisable to invest at least $120,000 to ensure you have a successful application.

The process takes about three months, and the residency will be issued with a five-year residency with unlimited renewals. This entire process will take up to 9-12 months, including obtaining the Turkey visa, and will roughly cost around $370,000. That’s a much faster and cost-effective process to obtaining access to the US with a bonus of Turkey citizenship.

 

 

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Property Acquisition Closing Costs

Closing costs breakdown of property purchase by foreigners

Purchasing property in Turkey comes with interesting benefits such as becoming a Turkish citizen, enjoying full medical coverage, having access to pension programs, and enjoying free education reimbursement plans.

Thanks to the Turkish citizenship by investment program that was launched in 2017, foreigners can purchase property in Turkey. The current quote is $250,000 in property to be eligible for the program.

That being said, investing in property is a lot more than pointing at a random piece and buying. You need to know where you wish to purchase and why. For example, most foreigners prefer to purchase property in leading provinces such as Antalya, Bursa, and Ankara.

Besides location, the price also plays an important role in the selection process.

The closing costs are very important and can be broken down as follows:

• Real Estate Valuation Report which varies between 1.500 TL and 4.000 TL.
• Taxes and Legal fees: By law in Turkey, the VAT rates are set at 1%, 8%, and 18%. Residential property in a net area of less than 150m2 will generally pay 1% VAT while those with a net area of more than 150 m2 will part with an 18% VAT. For residential property that is between 500 TL/M2 and 1000 TL/M2, an 8% VAT is expected. Commercial properties are set at 18% regardless of m2. That being said though, an investor can enjoy VAT exemption as long as they meet conditions stated by law. For example, if you don’t have a residence address in Turkey, you may be eligible for the exemption. Also, the building to be bought must have a building license and the money for purchase has to be deposited from abroad.
• Title Deed Fee (TAPU Harci). This fee is set at 4% of the sales price. Depending on the sale terms, it can be split between the buyer and the seller or it can be paid entirely by the buyer (usually happens when buying from an individual). 
• Circulating Asset payment: This payment depends on the provenience and varies between 90 TL and 450 TL.
• Service Fee which is determined by the Ministry annually. As of 2020, the decided service fee is 750TL.

Besides the closing costs for property purchase, there are after-sale costs to consider. A yearly property tax is levied on all properties and varies between small and big cities. For example, the yearly property tax for residential properties in big cities is set at 0.2% while that in small cities is set at 0.1%. For commercial properties, it is set at 0.4% for big cities and 0.1% for small cities. For a piece of land in a big city, you will be looking at a 0.6% tax while a small city will call for a 0.3% tax. For farms in big cities, the tax is set at 0.2 % while in small cities; it is set at 0.1%.

There is also compulsory Insurance (DASK) which covers things such as natural disasters. This fee varies between 100 TL and 300 TL (depending on the property size)  and is paid annually.

Other fees to consider include the Agency fee (standard at 3%; but some agencies offer this service for free), rental income tax as well as the notary public and translator fees.

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Turkish Passport Benefits

Benefits of Turkish Passport

Generally speaking, Turkey is a country with a very dynamic economy. It is a paradise for those who love to work and produce. In near future, Turkey is likely to become the hub that connects modern European civilization and ancient cultures. Turkish individuals have an exceptional value across the globe and the doors of those countries are always opened for their products as well as the exports.

 

As of today, becoming a Turkish citizen is a common dream for many individuals. Those who hold a Turkish passport can consider it pride or a precious gift that opens up a wider array of opportunities. Also, it gives them the feeling of being owned by a nation that has a great history and a bright future. Thanks to the latest regulations introduced by the Turkish government, getting Turkish citizenship through real estate investments has become easier and the opportunities are many.

 

Benefits of having a Turkish Passport

Here are some of the most notable benefits an individual can enjoy by having a Turkish passport.

• Impressive quality of life
• Accessibility to free and advanced education opportunities
• Experience of excellent health facilities
• Safe and secured environment for family members
• Maintain the confidentiality of the assets you own
• You have the option of being exempted from military service (through TCBI application)
• Have the opportunity to enjoy mouthwatering Turkish cuisine (one of the finest and unique cuisines in the world)

 

The strategic importance of Turkey

Turkey comes with unique strategical importance because of its geographical location – placed perfectly between Europe and Asia. For a very long period, Turkey was playing the role of a bridge between different types of cultures and civilizations in those two regions. That role is likely to be more important in the future considering global affairs. In addition to that, it is considered to be one of the most important parts of the trade route between Eastern and Western parts of the world.

 

On top of that, Turkey works as an “energy corridor” and a landmark in the massive oil pipeline project. It provides perfect conditions for projects like agriculture and animal husbandry because of the heavily fertile soil. The climatic conditions are very comfortable in Turkey compared to many other places on earth.

 

Istanbul, being the capital, is the most developed city in Turkey. It is also the most densely populated city in Turkey. Moreover, Istanbul is considered to be a prominent destination for Islamic people across the globe.

 

The climate in Turkey is unique. Naturally flowing water, greener surrounding, beaches, and plenty of sunlight are among the many natural attractions in this wonderful country.

 

When it comes to Turkish people, they are very friendly and pleasant even towards visitors. Their culture is enriched with the relationships between Iranians, Arabs, Kurds, and even Europeans.

 

So, obtaining a Turkish passport is not only beneficial in terms of financially but also an opportunity to live in a unique country with excellent living conditions.

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