Turkey started their CBI program in 2018 allowing investors to gain Turkish citizenship either through property investment or capital investment and receiving a passport within 3 to 4 months which can passed down to future generations. Turkey is a culturally rich country with rich history, incredible cities, stunning countryside and beautiful beaches. The perfect proximity between Europe and the Middle East makes it an ideal location to invest in.
A Turkish passport grants you access to the countries medical healthcare system, free education and visa-free travel to over 110 countries with no travel or residency requirements. Turkey is also expected to join the EU in the future adding with it the benefit of free travel access to the Schengen states. Additionally if you decide to choose the real estate investment option, you can make rental income giving you around 8% ROI per year.
Turkey has treaty agreements with both the UK and the US which is a benefit when it comes to taxation laws. Any UK or US resident with Turkish citizenship with interests and royalties that arise in UK or US will only need to pay into one social security system, thereby benefitting from the lower tax rates. This can be in the form of income derived by business operations in Turkey so long as the primary business is not moved to UK or US. The agreement also includes dividends paid by a company to a resident in the UK or Turkey whereby the resident will only be taxed in Turkey.