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New EB-5 Law Means There Will Be No New Applications in Process for 8-9 Years. E-2 Visa Through Turkey Surges in Popularity.

An interesting bill is set to pass in close future for United States, called S.386 or “Fairness for High Skilled Immigrants Act” that was co-sponsored by the current Vice President Kamala Harris. This bill removes the limit of EB-5 per country, saying “Applications accepted for each country cannot exceed 7% of the total applications.” and instead starts processing applications from the oldest to newest.

Currently, EB-5 accepted applicants from a single country can only reach 7% of the total 10.000 accepted applicants. Most of EB-5 applicants come from a small number of countries, mainly China, India, Vietnam, South Korea, Brazil, Taiwan, Venezuela and Hong Kong. Especially, the Chinese, the Indian and the Vietnamese have decades-long waiting lines to reach an EB-5.

While the removing of the caps is good news for future EB-5 investors, for approximately a decade, only former applicants will be considered and accepted as there is a growing mount of pending applications. This means, the large EB-5 industry has no current work or operations to do for the next 8-9 years. This puts the spotlight to the main alternative to EB-5, the E-2 program.

As opposed to EB-5 which enables investors to obtain a Green Card of US by investing an increasingly large amount in US assets, E-2 enables citizens of treaty-countries to get US residency by setting up businesses (that employ a couple US citizens, although this is an unofficial measure) and to keep the residency as long as they keep the business afloat.

This puts Turkey on the spotlight in an unexpected way. Why? Because Turkey is a member of the E-2 Treaty and allows foreigners to receive Turkish Citizenship by Investment through a real estate purchase of USD 250.000. Many Indian, Chinese and Vietnamese clients use Turkey as a springboard to get into the US. They first purchase a real estate worth of USD 250.000 and get a Turkish passport and then, apply for the US E-2 Visa as citizens of Turkey.

Why Get E-2 Visa Through Turkey and not Montenegro or Grenada

Turkey is not the only country to offer its citizenship by investment and create access to the E-2 Treaty Visa. There are two more countries to do so: Montenegro and Grenada. But our advice, although biased as we are much more focused on Turkish Citizenship, is to get to E-2 through Turkey. There are two main reasons for this.

  1. Turkey is with a much larger US presence than Montenegro with 600.000 population and Grenada with 917.000. There are much more applications for E-2 from Turkey and diplomats are much more active and experienced. This is important because US diplomatic missions in Turkey will be partially involved in taking of the E-2 Treaty Visa application.
  2.  With a person aiming to go to US and use whatever in between as a springboard, putting money to something that has an actual return is critical. In this sense, Turkey beats all in terms of investment return. Turkey’s chief city of Istanbul has a population of 15.52 million and only the summer city of Antalya receives 15+ million tourists per year. Turkey’s large cities and allowance to buy any property anywhere enables investors to get very profitable investments -so good that the Turkish passport seems like a gift. There are properties offered by our firm, with a return reaching 10%. Montenegro has limited investment to only 7 properties in undeveloped regions of Montenegro and Grenada is an island country in the Caribbean. Both countries cannot compare in investment and business traffic to Turkey.

Reach Viya to Get Turkish Citizenship by Investment

You can reach us anytime for your inquiries concerning Turkish Citizenship by Investment, acquiring property in Turkey, applying for E-2 Treaty Visa through Turkey as well as Grenada Citizenship by Investment and Montenegro Citizenship by Investment.

Mobile +90 538 578 6218

Email omerkahraman@viyagroup.co

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Happy Independence Day to India!

Jawaharlal Nehru says “A moment comes, which comes but rarely in history, when we step out from the old to the new; when an age ends; and when the soul of a nation long suppressed finds utterance.” -the Independence Day of India is celebrated by Viya Citizenship team for all our brothers, friends and future prospects in India!

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Happy Independence Day to Pakistan

14th of August is the Independence Day of the brother of a country for Turkey- Pakistan. We celebrate the Independence Day of Pakistan as if our own and we commemorate our shared values and history on this day. One of the most prominent among those shared values is Allame Iqbal- Dr. Muhammed Iqbal is “the spiritual founder of Pakistan” and a leader of Tahrik-i Pakistan or Pakistan Movement.

One of his most prominent influences comes from one of the “spiritual founders of Turkey”- Mevlana/Mawlana Jalal-al-Din Muhammad Rumi or shortly Rumi. Allame Iqbal defines Rumi as “Pir e Rumi” or “Master from Anatolia” and himself as “Murid-i Hindi” or “Disciple from India”. Coming to Anatolia from the cultural geography of modern day Pakistan (precisely from Balkh) and becoming the largest cultural contribution to slowly thriving Turkish Anatolia of the Sultanate of Rum- Rumi is definitely one of the “spiritual founders of Turkey” as Iqbal is the “spiritual founder of Pakistan”.

Turkey and Pakistan- us and our brothers, friends and future clients from Pakistan are connected as Rumi is connected to Allame Iqbal. Happy Independence Day to Pakistan!

For your Turkish Citizenship inquiries,
Website www.viyacitizenshipservices.com
Mail omerkahraman@viyagroup.co
Mobile +90 538 578 6218

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We are with Lebanon.

We are devastated by the tragic explosion that happened in Lebanon. Our hearts, prayers and minds are with Lebanon and with those lives lost and those families affected.

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Turkey is very close to a FTA with UK, also negotiates a new "Ankara Agreement".

As Brexit procedures go on, each country within or out of EU tries to figure out how to manage the further relationships with United Kingdom. Turkey, having UK as its second largest trade partner, just before Germany, is among them- yet with great success. Indeed, as per the latest announcement of Turkey’s Minister of Foreign Affairs, Mevlüt Çavusoglu- Turkey is very close to signing an FTA or Free Trade Agreement with UK, especially on manufactured goods, agriculture and services. After HE Çavusoglu’s meeting with UK Foreign Minister Dominic Raab, UK authorities also confirmed the talks are “going well”. News by Financial Times underlines that there are 2500 UK firms operating in Turkey and many TR firms in UK as well. There are also estimated 350.000-400.000 Turks living in UK, benefiting from Ankara Agreement. Mr. Çavusoglu confirmed that, apart from the FTA, an agreement similar to the Ankara Agreement that allowed Turkish people to live and work in the UK freely is being negotiated. Applicants of Turkish Citizenship from Hong Kong, China, India, Bangladesh and Vietnam have, among their top motivations, access to UK and US- enabled by Ankara Agreement. Resource: ​https://www.ft.com/content/f641b245-8bf3-4b54-b7d2-13f6b423db45
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Why E2 Visa to United States is a Perfect Opportunity & Why Turkey is the Path to Go?

E-2 Treaty Visa might become the most popular United States visa option, surpassing the EB-5 program within this year. The minimum investment requirement for EB-5 nearly doubled last year from $500.000 to $900.000 and the quotas of EB-5 visa approvals create tens of years of lines- people waiting to be a part of the program.

E-2 visa has simple requirements: opening and owning an operating US business that employs 2-3 US citizens/residents (this is not an official requirement but an ideal application to be approved includes that of a minimum investment). You acquire the right to live in the US and benefit from everything as if you are a citizen of the US.

Nationals of China, India and Vietnam are not able to benefit from the E-2 visa as their countries are not party to the E-2 Treaty. These countries are also the ones that have the longest waiting lines for EB-5, up to 50-60 years in some instances. Those Chinese, Indian and Vietnamese people that wish to migrate to the US are using three countries as a springboard to be eligible to apply for E-2: Turkey, Grenada and Montenegro.

We believe Turkey offers the best path to go for the E-2 visa among these three options. Turkey’s investment requirement of $250.000 is minimal and efficient in returns. With Viya Citizenship, property bought in Turkey with citizenship purposes can receive up to 9-10% rental income and can be sold at more than its initial price within two months after three years. Turkish citizens also have a low rate of application for E-2 and leave room for Turkish citizens by investment to apply. Additionally, E-2 provides US access to applicants which might be combined much better with the passport and citizenship of a strong and independent nation than visa-free focused programs.

To apply for Turkish Citizenship by Investment,
Website www.viyacitizenshipservices.com
Mail viyavatandaslik@viyagroup.co
Mobile +90 542 215 4216
Phone +90 216 415 5315

To apply for Montenegro Citizenship by Investment,
Website www.viyaglobal.com
Mail info@viyagroup.co
Mobile +90 538 578 6218

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Comparing Citizenship Programs of Turkey and Montenegro

Turkish Citizenship by Investment has risen to become the World’s Most Popular Citizenship by Investment Program, surprising the investment immigration industry. With 9000+ approved applications and much more on the way, the program is not second to any other Second Citizenship or Golden Visa Scheme. On the other hand, Montenegro Citizenship by Investment Program is another rising program, as Montenegro comes closer to EU. We wanted to compare the two programs for investors interested in a Second Passport but are trying to decide on which.

Visa-Free Montenegro wins the first round, but with little excess. Montenegro citizens can travel the 26 Schengen (European Union) countries visa-free- and a total of 122 countries. Turkish citizens can travel to 120+ countries visa-free as well and that does not include the 26 Schengen countries. However, as Turkey is a member of European Union Association -as a result of Ankara Agreement and signed a Visa Easing Agreement with all 26 Schengen members, getting a Schengen (EU) visa is significantly easier for a Turkish Citizen than any other without Schengen visa-free.

Investment Return Turkey wins. 100% of the USD 250.000 investment is made into property and into any property- including lands without the need to do construction. Turkey has large metropolises such as Istanbul (more than 20-times the population of Montenegro), Ankara, İzmir, Bursa, Trabzon, Antalya as well as summer havens such as Muğla, Fethiye, Marmaris and Bodrum for international investors. High returns in rental incomes as well as super-high returns in property price appreciation (as much as 50% per year for some properties) possible for investors. Montenegro only offers government-approved projects (which is a better feature than Turkey) but these projects count only at 4 for now, so options are limited. Still, the. USD 295.000 investment can provide a great return but an additional USD 100.000 donation must be held into account- that is non-refundable.

Living Turkey wins but this is no surprise. Turkey is a different package than Montenegro. Montenegro has a stronger passport but lesser diplomatic presence, smaller economy, less business opportunities (even though it is one of the fastest growing economies in Europe) and a much smaller population. People go for Montenegro Citizenship by Investment to gain EU visa-free as well as the (high) possibility of getting a future EU-nationality. Turkey is a second home, strong investment and a nation independent on its own. It is modern, cosmopolitan, strong and dynamic. Turkish Citizenship by Investment applicants buy Turkey first and passport second. Turkey is also an Islamic country with a modern outlook and an atmosphere of tolerance- which is a winner for the Middle Eastern (Iraqi, Jordanian, Palestinian, Syrian, Egyptian, Libyan, Algerian, Iranian nationals are among top nations to apply for Turkish Citizenship) as well as for the Eurasian (Pakistani, Afghan, Russian and Chinese applicants also constitute significant portions of the Turkish Citizenship applicants) investors.

A Common Benefit- E2 Both countries are offering the Citizenship by Investment Scheme and both are members of the E2 Treaty with the United States. E2 Treaty allows party countries’ nationals to get an E2 visa to United States that allows visa-holders to live in the US and benefit from all except for voting in the US, in exchange for setting up a US business that can employ at least 2-3 US nationals. As long as the business is alive and kept, US E2 visa is renewable. Many Indian and Chinese investors have used both Turkey and Montenegro as an Intermediary Citizenship Program to access US residency- especially as EB-5 became much more expensive and EB-5 waiting lines can go longer than for 50 years for China and India.

Additional Benefits The largest additional benefit can be EU-membership. That looks like a possibility and if it happens- Montenegro wins here. But, that is not a certainty and has not yet happened. Turkey has a strong education system with world-class universities that are cheap or free (state universities are free and even additional costs such as housing, eating etc. are extremely cheap) and one of the strongest and best healthcare systems on par with Germany that is also mostly free.

​Crisis Management This is no category for ordinary times, but we do not live in ordinary times. COVID-19 has shown the importance of crisis management to us- in a second citizenship. When your home country cannot manage a crisis such as COVID-19, you need to have a safe haven that does manage the crisis and stabilize things for yourself. Turkey wins here as although it has a very large population, COVID-19 crisis has been dealt with very effectively with no hospital bed shortages, effective decreasing of new cases and deaths, timely and effective government intervention being possible.

​Turkey and Montenegro are two great nations. They have their similarities and differences on top of a great shared memory of Balkans. Both are offering great Citizenship by Investment Programs and we are offering both programs for investors.

Contact us here for Turkish Citizenship by Investment
Website www.viyacitizenshipservices.com
Email viyavatandaslik@viyagroup.co
Phone +90 216 415 5315
Mobile +90 542 215 4216

Contact us here for Montenegro Citizenship by Investment
Website www.viyaglobal.com
Email info@viyagroup.co
Phone +90 216 415 5315
Mobile +90 538 578 6218

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What is the best destination of second citizenship for Pakistan nationals?

Pakistan and Turkey are no less than brotherly nations. Strengthening cooperation on all levels including cultural, economic, defensive and diplomatic- the love between Turkey and Pakistan only recently had its reflections in investment environment. The Turkish Citizenship Program at USD 250.000 and Pakistan’s move to allow Pakistanis to get Dual Citizenship with Turkey under President Imran Khan became the two drivers of Pakistani investors into Turkey.

Up until now, 206 Pakistani nationals received the Turkish Citizenship, being among the top 10 nations that showed interest in Turkey’s Investor Citizenship Program. While the number is low when compared to China’s 637, Iran’s 2000+ etc., it is rising to a top 3. Also, Pakistanis have searched for “Turkish Citizenship by Investment” more than any other location, according to Google Analytics results.

Given many Pakistani investors are looking for a modern, Islamic nation to invest and get returns for their property investments, Turkey and Turkish Citizenship by Investment is better than any other Second Passport or Golden Visa Program on the market. Turkey also provides many business opportunities, a good life, free and world-class education and healthcare for its Pakistani-Turkish citizens.

Another important driver of Pakistani investors into Turkey is the economic hardships seen in GCC-markets with drop in oil-prices and COVID-19 crisis coming together. Many Pakistani investors based in UAE, Qatar, Bahrain, Oman, Kuwait are looking to get Turkish Citizenship by Investment by investing in Turkish property with great returns and get an irrevocable and inheritable citizenship.

​Contact us if you are looking to get Turkish Citizenship by Investment.

Email viyavatandaslik@viyagroup.co
Phone
+90 216 415 5315
Mobile
+90 538 578 6218

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Name Changes in Turkish Citizenship by Investment Applications

Recent changes made in the processing of Turkish Citizenship by Investment applicants are of great importance in the further use of the Turkish citizenship and passport. With the increasing number of Chinese applicants for Turkish Citizenship Program, registry of foreign names are now subject to different rules.

Before, foreign characters were allowable in registering to a Turkish citizenship and applicants could get any name they wanted to be processed in the ID. Now, after the recent changes, the name to be put in the ID must either be the name the applicant carries in Turkish characters (for example, instead of William, Villiam) or a any Turkish name of choice. Turkish alphabet does not include w and x.

If your name includes a foreign character and you get your Turkish citizenship, make sure a court-approved or notary-approved document to approve that says (for example “The bearer of passport number 12345 of (Country of Origin) with the name William Jones is the same person as the bearer of passport number 12346 of (Turkey) with the name Villiam Jones”).

For this and more details within the process that no other attorney or broker offering the service can inform you before we do, get your Turkish Citizenship with Viya Citizenship Services.

E-Mail viyavatandaslik@viyagroup.co
Phone +90 216 415 53 15
Mobile +90 542 215 4216

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Do I need to open a bank account in Turkey, for citizenship procedure?

No.

There are three ways a client can pay for the price of the property to be eligible for citizenship:

  1. Open a bank account in Turkey. Transfer the funds to your bank account in Turkey. Make the final payment from your account to the owner’s account and get a receipt of payment with proper explanation added. You are eligible for citizenship in this process.
  2. Follow the same procedure from your foreign bank account to the account of property owner. You are also eligible for citizenship in this process.
  3. Send the funds to the attorney account of a lawyer in Turkey (a member of the Turkish Bar Association, www.barobirlik.org.tr) that you have given a Power of Attorney including the authorizations to assist you in citizenship process and property purchasing. Let them make the. transaction and get the receipt for you as well as issue the title deed in your name. You are eligible for citizenship with this way as well.
    1. An attorney account is the account an attorney uses to proceed with transactions relating to his practicing of legal profession and to receive client money regularly.
    2. People from around the world who have difficulty opening a bank account in Turkey such as citizens of Iran or who have difficulties at their home countries with finance such as Lebanon are using attorney accounts for citizenship investments.
    3. To open, to activate and to use a bank account in Turkey, the client has to be physically present and sign the necessary agreements as necessitated by recent Banking Law changes. So, the clients who do not have the time or availability to travel to Turkey needs to go through the procedure with attorney accounts.
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