Discus Holdings in the news! - Turkey cut citizenship investment to 250,000 USD
Published at: 03/10/2018 03:19 pm
László Kiss, the head of Discus Holdings, the leading investment immigration firm in Central and Eastern Europe explained to imidaily.com the significant changes of the Turkish citizenship by investment programme.
The minimum necessary investment to qualify for the Turkish citizenship by investment program decreased to 250,000 USD from the initial one million US dollars. Moreover, the Turkish programme offers various investment options, including bank deposits, capital investments and job creation.
Regularly, the investors prefer to invest for their new citizenship in real estate. The property option's qualifying investment decreased from one million USD to 250,000 USD, down by three quarters. The bank deposit option decreased by 2,5 million US dollars from three million to half a million USD. The Turkish legislators also cut the cost for the capital investment option to 500,000 USD from two million. Meanwhile, the number of employed people became fifty, from the original 100.
Discus Holdings has significant presence and experience of several years in Turkey. According to László Kiss, the program has changed to offer safer investment options during the recent economic turmoil of Turkey. The decreased amounts of investment should be attractive for the savvy applicants, with a moderate tolerance for risk.
"Turkey is in a financial crisis, with the depreciation of the Turkish Lira, the real estate investors who invested five years ago lost many of their funds. Currently, with the effect of the crisis and the depreciation, available prices for real estate investment for pleasure or as an investment seems to offer a quite good upside potential in the medium term", the expert told to imidaily.com
Turkey cannot offer the advantages of the Schengen visa but the fast-developing country is an E2-treaty signatory country, and it means that Turkish citizens can obtain the right to live in the United States through the E-2 individual investment visa. According to imidaily.com, the Turkish citizenship may be a good idea for those applicants who have to wait 15 years for a green card under the EB-5 programme.