Demand for Turkish CBI still robust, but program’s future isn’t guaranteed. “We may not have a program by this time next year,” says Polding.
Saahil Menon points out that the program is no path to permanent settlement in the UAE, and questions if settlement there is even desirable.
Wild inflation? Yes. Hot money flows? Sure. Capricious politics? Absolutely. But economic fundamentals? As sound as they come, argues Brian Greco.
After 25 years in the business, Bluemina has helped more than 12,000 families fulfill their citizenship and residency dreams.
The association argues that giving citizenship a dollar-value “has made the concept of citizenship abstract and alienated from its essence.”
Investment-based visas are now valid for 10 years and at much lower minimum investment requirements than in the past.
Turkish ministers have reportedly decided in a recent meeting to change the program regulations and raise the minimum investment requirement.
As Russians are increasingly excluded from residence and citizenship by investment programs globally, Turkey’s CIP remains open.
In a world of supply chain disruptions, insecure shipping lanes, and a trend towards near-shoring manufacturing, Turkey is thriving.
RIF Trust, the IMC’s new regional representative for the Middle East, will support local industry practitioners – and keep an eye on them too.
The Board of Investments, which raised the proposal, specifically hopes to garner investment interest from HNWIs in neighboring Afghanistan.
As Bodrum shows up on more and more radars, luxury hotel and residence developments are moving in quickly. That makes finding quality properties for $250,000 harder.
More than half of acquisitions took place in Istanbul alone, and only 20% of the sales to foreigners were related to the citizenship program.
“We’ve seem a sharp increase in CIP investors asking for our assistance after their applications were mishandled or incorrectly filed.”
Hany Mostafa Moawad has undertaken an extensive Q&A session with Egypt’s newly established citizenship by investment unit.
CIP Turkey goes the extra mile in helping clients invest in Turkey, gain citizenship via crypto, and to build a new life for their clients.
İsrafil Kahraman recounts five anecdotes of investors who had their Turkey citizenship applications rejected because of simple mistakes.
All together now: “The UAE does not have a citizenship by investment program.”
The UAE says it will naturalize investors. Industry leaders are cautiously optimistic about the new law, and ready to assist in making it a program.
The UAE will begin granting citizenship to investors and specialists. As constituted so far, however, the policy does not amount to a CIP.