Getting Turkish citizenship by investing is one of the most popular in the world. Citizenship by Investment (CBI) is regulated for financiers looking to boost employee relocation.
Turkey and Egypt are among those states providing such programs, and each has specific criteria and benefits.
This article fully examines Turkish and Egyptian Citizenship by Investment programs, focusing on their unique advantages, financing options, and profits to potential investors.
Overview of the Turkey CBI Program
Since the program's launch in 2017, the popularity of the Citizenship by Investment of Turkey has been led by the combination of many possibilities of easy access to it. It offers choices for citizenship; investors can choose from entrepreneurship, job creation, or exploration, among others. Usually, individuals from Iran, Afghanistan, and Iraq get Turkish citizenship through investment.
According to the Immigrant Invest company, every month, roughly 800 candidates are authorized to get Turkish citizenship by investment. Turkey has naturalized approximately 20,000 people, including wives and dependents, since the program's beginning seven years ago.
Investment Options and Benefits of the Turkey Program:
Real Estate Investment: investors can receive Turkish citizenship by acquiring a property (minimum value $250k) and keeping ownership for a specific period (usually three years) if they fulfill certain requisites.
Capital Investment: in addition to the previous path, citizenship can be acquired by the applicant by making a one-time investment of $500k, which may include administration bonds, equity investments, or setting up a business.
Job Creation: Foreigners who want to set up companies in Turkey that offer job vacancies for local people can have their qualifications meet the citizenship investment criteria.
Key Benefits of Obtaining Turkish Citizenship:
- Visa exemption or visa on arrival in 110 or more countries, which helps international travel.
- There are no limits on dual nationality.
- There are no physical residence limitations.
- The robustness of the healthcare system and the quality of education being accessible.
- The strategic position of a geographic location brings business opportunities and connections between Europe and Asia.
- The Tax Framework attracts foreign investors through tax incentives, including exemption from income earned by non-residents.
Overview of the Egypt CBI Program
Egypt initiated Citizenship by Investment as a new tool for foreign investment attraction and economic growth boost. It directs investment in real estate as the way to citizenship.
Foreigners can get fast-track citizenship within three months of making a financial asset in the country. Foreigners must wait four years and speak Arabic fluently before becoming Egyptian, if not for investment.
According to the research of Immigrant Invest, Egypt's Citizenship by Investment Program ranked ninth in the Citizenship by Investment Index in 2023.
Investment Options and Benefits of the Egypt Program
Under the CBI program, one can obtain Egyptian citizenship by investing in real estate. Investors need to buy property within the investment zones approved by the government, in which they have to meet the set minimum investment requirements. Following the information above, we can add that more than 400 investors have already applied for and earned Egyptian citizenship by investing.
Key Benefits of Obtaining Egyptian Citizenship:
- Stay-free/Entry permit in multiple countries, thus enabling international travel.
- Access to a new economy that is developing quickly with a broad range of investment possibilities, notably in tourism, energy, and infrastructure sectors.
- Abundant culture and historical value, offering a quite different lifestyle.
- There is a potential for huge returns in immobility investments, especially in populated cities and popular vacation spots.
Complete Comparison of Turkey and Egypt Programs:
When comparing Turkey and Egypt's Citizenship by Investment systems, numerous things should be examined:
- Investment Requirements: the higher investment limits apply in Turkey, unlike in Egypt, while real estate is only one of the high thresholds in the latter.
- Visa-Free Entry: Turkey is normally visa-exempt for more countries than Egypt, which gives more citizens mobility across borders globally.
- Economic Opportunities: Both countries have economies with different investment possibilities, and Turkey's already established infrastructure and strategic location may give it an edge for business ventures.
- Cultural and Lifestyle Factors: Egypt's fascinating heritage and lower cost of living can be encouraging for some entrepreneurs. In contrast, others may consider a more urban life filled with European spirit in Turkey.
Turkey and Egypt have a Citizenship by Investment program that possesses many advantages. Potential investors are advised to assess their investment goals, interests, and long-term objectives before they choose any program that fits their needs best.
