Various countries have provided the opportunity to obtain citizenship by investing in real estate according to certain conditions determined by each country according to its policy, which in turn is reflected in the feasibility of obtaining its citizenship which is a gain, in addition to the profits resulting from the investment.
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Citizenship by real estate investment
Real estate investment with the government expresses the financial ability of the investor and the extent of his connection to the state, and this type of investment is one of the most prominent forms of investment accepted by different countries as a means of obtaining their citizenship, according to the conditions determined by the granting country.
On the other hand, real estate investment is considered a low-risk investment, as real estate prices rarely go down, and at the same time, income can be achieved from it in different ways, for example, the property can be resold at a good profit, rented, resided, or operated as a commercial unit…
Citizenship by real estate investment in Turkey and the Caribbean
Citizenship in the Caribbean
First, we need to get acquainted with the countries of the Caribbean, albeit briefly, to indicate their location, in order to help us visualize the region we are talking about.
Citizenship by Real Estate Investment
The term Caribbean countries located in eastern Central America, refers to the countries bordering the Caribbean Sea, and includes Antigua and Barbuda, Bahamas, Barbados, Bonaire, Sint Eustatius, Saba…
It also includes the regions of: Aruba, Curaçao, Sint Maarten, San Martin, Guadeloupe, Martinique, San Barthelemy, Dominican Republic, Haiti, Navassa Island, Puerto Rico, and other regions.
Caribbean countries allow naturalization by investing or donating to a government fund, but not all these countries grant citizenship through buying real estate; only 5 countries grant citizenship by investment and those are: Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, Dominica and Grenada.
These five programs vary in the duration of the citizenship application, and in those you accept as dependents who have the right to naturalization alongside the main applicant, in addition to the difference in the amount of real estate investment required as a minimum to obtain citizenship.
This is what we will explain in detail through the following data table:
| State | Real Estate Investment Amount | Dependents | Processing Time |
| Saint Kitts and Nevis | 200 thousand
or 400 thousand US dollars
with different terms |
1. Parents over 55 years old
2. Unmarried siblings 18-30 years old 3. Children under the age of 31 |
On average, it takes about 4 months,
while the urgent request is between 45-60 days
|
| Antigua and Barbuda | 200 thousand US dollars | 1. Unmarried brothers
2. Children under 30 years old 3. Parents and grandparents over 55 years old
|
6 months on average |
| Saint Lucia | 300 thousand US dollars | 1. Parents over 65 years old
2. Children younger than 26 years old
|
3-4 months |
| Dominica | 200 thousand US dollars | 1. Grandparents
2. Married brothers 18-25 years old 3. Children up to the age of 30
|
4 months |
| Grenada | 200 thousand US dollars | 1. Parents over 55 years old
2. Siblings who are at least 18 years old 3. Children under 30 years old
|
5 months |
All programs have in common that the husband/wife is considered dependent, so they are not mentioned in the previous table.
Advantages of a Caribbean passport
Some additional examples of the advantages of a Caribbean passport in general can be mentioned, as follows:
- Going to between 100-140 countries around the world without an entry visa, which includes the Schengen countries, most Latin American countries, Singapore, major countries in Africa, Malaysia, and the United Kingdom.
- Ease of obtaining residency from foreign countries; since the Caribbean countries are considered small countries, the applicants for residency in them have a greater chance of having their application accepted; due to the weak competition for the shares allocated to them compared to the larger countries.
However, there is an additional fee for the investment amount for obtaining citizenship, which means an additional value over the amount of real estate investment for citizenship that we mentioned above.
Citizenship in Turkey
Turkish citizenship by real estate investment has attracted the attention of many foreigners, especially with the government’s amendments to the naturalization law, which carries with it the signs of achieving more political and economic growth and infrastructure development.
Obtaining Turkish citizenship by investing in real estate requires that the investment price be not less than 400,000 dollars, while maintaining the ownership of the property for a period of no less than 3 years, during which the owner can benefit from his unit through leasing.
Benefits of obtaining Turkish citizenship
- The opportunity to get a Turkish passport, which allows its holder to travel to 111 countries without the need for a visa, ranking 39th
- Increasing the opportunity to find work in Turkey in both governmental and private institutions without seeking a work permit.
- The possibility of working in professions prohibited to foreigners, such as: law, veterinary medicine, customs clearance, pharmacy, maritime professions, public and private security for companies, in addition to bypassing the stage of requesting state permission to practice some professions imposed on foreigners, such as: medicine and law
- The citizenship applicant can attach his spouse, in addition to his children under 18 years of age, and his disabled children, regardless of their age, to the citizenship application.
- The application period for obtaining Turkish citizenship ranges between 90-120 days.
Which is more appropriate…
Citizenship by real estate investment in Turkey or the Caribbean countries?
Before answering the question, we need to know the needs and opportunities that you are looking for, aspirations and the lifestyle you prefer. Each of us has his criteria in the appropriate nationality, and therefore before making your decision, determine the criteria that you will rely on in making the decision.
For example, if you want the citizenship of a country that allows you a location and culture that combines the Arabs and the West, then Turkey is a more suitable decision for you, rather than a citizenship in the Caribbean region that is farther cultural and geographically from the Arabs.
In addition, the cost of living and studying in Turkey is suitable for many investors and their families, who find it the ideal place for family housing and preparing their children for a bright future, especially with the presence of Turkish universities that have gained international recognition.
In nutshell, If you want to obtain citizenship by investing in real estate in Turkey, contact our team at Rumeli Real Estate, and we will be happy to offer you a range of services… Not only related to buying your suitable property, but also after-sales services, most notably the procedures for applying for Turkish citizenship… Contact us Now!!
Edited by: Rumeli Real Estate ©
Sources: Wikipedia
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