The way to diversify your investment portfolio has been found, and the only thing left to do is to make your own choice. For this, it is worth making a comparison of the conditions of stay and participation in unique programs. The exchange of investments for citizenship is a government initiative attracting much attention from wealthy entrepreneurs.
Overview of Turkish Citizenship by Investment Program
Program participants have several ways to invest. These include buying real estate, donating, supporting a Turkish company, and contributing to a private pension fund. Since the cost of Turkish Citizenship depends on the option chosen, the cost ranges from 250 to 500 thousand dollars. The duration of the procedure is several months.
Specialists in invest issues help you complete the procedure quickly. An experienced specialist of the Immigrant Invest agency Zlata Erlach will provide consultation based on your wishes, prepare the necessary documents and guide you along the right path to the desired result.
To participate, you must have a unique identification number. Using it, you can conduct banking transactions according to the program’s terms. The applicant makes investments and pays stamp duty and other fees. Investors will receive the result of the application review in person.
Overview of Egyptian Citizenship by Investment Program
A trip to a sunny country with a pleasant climate can last longer than a vacation. Favorable conditions help stimulate interest in the program developed by the government. The features include:
- The size of the capital. The minimum investment amount is only 250 thousand dollars. Options include purchasing property, making a bank deposit, making a donation, and participating in the activities of local companies.
- Return period. After obtaining Egypt citizenship by investment, you should keep the eligible property for three years. After the term expires, the investor can sell the property or shares and withdraw the deposit.
- Citizenship. Recipients of residency status have the opportunity to extend the validity period. In addition, under the terms of the program, foreigners can apply for citizenship after two years of residence.
The application process takes up to 9 months. Verification of the information provided leads to preliminary approval. To execute the investment, you should get a local tax number and a bank account, which are used to deposit capital in the chosen way.
Comparing Investment Options: Turkey vs. Egypt
The offers of these countries are quite similar, so the choice will not be easy. To make a decision, you should seek a consultation, during which the investor will receive information on:
- application processing time;
- the modalities of including family members;
- refund period;
- requirements for the main applicant;
- peculiarities of the tax system.
At the same time, second citizenship by investment programs has many similarities. The minimum period of investment ownership, retention of the first passport, and investment options are identical. Given this, the choice of the offer depends on the applicant’s preferences.
Turkey’s economy is stable, provided funds are deposited in foreign currency. The country’s currency has no particular advantages. The last change in the terms of participation was made in 2022. According to the innovations, real estate investments start at $400 thousand dollars.
Supporters of the Egyptian program evaluate the proposal, considering the low investment threshold. 250 thousand dollars is the minimum contribution. The stable development of the country and its attractiveness to tourists make the program more popular and profitable.
Advantages and Benefits: Turkish vs. Egyptian Passport
The benefits of participating in warm country programs motivate people to take part. These include the opportunity to start a travel business, travel abroad without a visa, and high-quality services. The friendly population of the countries welcomes guests, and communication in English is not difficult.
The peculiarities of Turkish citizenship by investment are worth mentioning when comparing offers. Foreign investors should consider the following:
- Turkey has a favorable geographical location that can be used to scale up a business;
- the profitability of investments depends on the type of real estate and is up to 15%;
- Citizenship allows crossing the borders of more than 110 countries that have signed visa-free regime agreements.
Egyptian passport holders enjoy the benefits of the Arab world. Its diversity and cultural peculiarities help you learn more about the country. The pleasant climate includes warm, sunny weather throughout the year. Citizenship can be obtained after 2 years of permanent residence, which no competitor can boast of.
Bottom Line
Government initiatives make it easier to obtain residency status and subsequently citizenship. The loyal conditions of the Egypt citizenship program motivate investors looking to diversify their portfolios. On the other hand, Turkey is characterized by a strong international position and stable development of the business sector. The similarity of the proposals allows you to consider your wishes to create a safe harbor. Differences that are noticeable at first glance help you evaluate options, and a detailed review by specialists is a way to choose the best program.
