A new piece of legislation would allow dual citizenship Turkish citizens to obtain Turkish citizenship by investment. The Turkish Investment Guarantee Act or TIGA is currently being implemented in countries like Singapore, Italy, United Kingdom and others. If you want to invest in a foreign country, you have the option of obtaining a permanent residence there. By gaining a second citizenship, you can do this as well and be entitled to travel around the world without any problems.
Under the Turkish Constitution and Law of Turkey, foreigners are allowed the right to have more than one nationality. Therefore, foreigners who acquire a nationality other than that of the country of his origin are considered as Turkish citizens by birth. Dual citizenship means that you can be a citizen of more than one country. For example, a British national can be also a Thai national and a Canadian national can be also a Mexican national. The system of dual citizenship was first introduced in countries of the former Yugoslavia in the 1990s and was promoted by the UN and its agencies. Nowadays, many countries offer tourist visa for people who want to travel to these countries with their national ID cards that provide proof of citizenship.
Under the Turkish law, foreigners who acquire non-Turkish nationality can travel to Turkey without fulfilling the requirement to acquire an immigrant visa. In addition, foreigners who are interested in purchasing real estate in Turkey need to follow the rules and regulations of the Turkish law. However, foreigners who want to obtain a Turkish citizenship by investment can apply for it without fulfilling the requirement needed for the investment plan. Therefore, it can be said that in this way, the Turkish law can be used as an advantage for investors who want to obtain legal rights for the investments made in Turkey.
There are lawyers who are qualified to help individuals who want to get a Turkish citizenship by investment. Many private lawyers can be contacted who are familiar with the Turkish laws on investment and can help individuals accordingly. The law firms of these lawyers specialize in the area of finance and commerce, and they know the laws of the country well. They therefore can help the investor in getting his investments legalized and help him with the registration process, if he wants to do that.
The law of investment is an intricate and complicated area and many aspects are involved in it. Therefore, it is very important that the person concerned knows all the issues related to this law and acquisitions turkish citizenship by investment 2021 . In fact, many foreign investors get lost while attempting to understand the legalities involved in acquiring the rights of citizenship. This is why the lawyers have been brought into play. These lawyers have the required expertise and knowledge and can help the investors understand the finer details of the law.
Foreigners are investing large amounts of money in Turkey and most of them are from western countries. One of the reasons for the popularity of the investment in Turkey lies in the free trade zones being established all over the country. Several foreign companies have started operating here and the major reason behind that is the growth of tourism in the country. Many tourists from western countries visit Turkey and enjoy their holidays in this beautiful country. If you too want to experience the same joy then you must go for a holiday in turkey and make investments in this country.
In the year 2021 investments in Turkey will be taxed at a minimal rate and the government is also encouraging more foreign investors to invest. There are several plans under development that will further increase the flow of foreign investment. There are three projects in the pipeline including one each in Marmaris, Gaziantep and Antalya. The other two projects include the construction of condominiums in Yolouse and Doukkota in Istanbul and the development of shopping complexes in Mecidiyekoy, Gokova and Burgazada in Antalya.
One thing that you must know about obtaining Turkish citizenship via investment is that there are many legal procedures to follow. Therefore, it is necessary to find out about them well in advance. You can do so either from your lawyers or from the websites of the Ministry of Foreign Affairs and the Turkish consulate in your country. Before finalizing the investment plan or preparing the required documents you should consult a lawyer so that you are completely acquainted with the legal implications.
