Can you buy Turkish Citizenship with Crypto or Pesos? Rule: Buy any Turkish real estate for $400,000 or more & they will give you citizenship and a passport.
I, Peter Taradash, have been through the process. Whatever happens, the money to purchase a qualifying property︍ must 1st be exchanged for Turkish Lira thru an authorized bank.
Crypto can be used,︃ but there may be a KYC about source of funds, criminal record, etc.
Note that the property must︀ be purchased from a Turk not a foreigner or anyone who used that particular property︋ to get the Turkish passport.
From a Turkish owner (not a developer of new apartments︅ who is usually the seller).
Here is a typical situation: (The figures are not a︉ real deal, but for illustration only). A private Turk bought a vacation home years ago︇ for a certain amount of Turkish lire, say 1 million, That was worth U$A 100,000 at the time. The property is now worth $200k but now worth and marketed at 20 million lire. The Turkish cap gains tax is 10 million, so the seller ends︎ up with 10 million lire worth only $50,000. He can't get anywhere near as nice︂ a place as the one he sold . Turkish inflation and the cap gains tax️ is why it is almost impossible to buy a private (or bargain distress) Turkish owned property. That will be︌ why it is usually impossible for a new buyer who got the passport to break︄ even (after taxes) even if his property will "appreciate" vastly in terms of Turkish Lire.︈
As far as corruption goes, it is not as bad as in most underdeveloped countries that we used to call the 3rd world. As far as I can tell, bribes︆ don't play any (*much*)
role in the real estate for citizenship process . This program has brought in billions of $, profits shared between developers and the govt.
The thing to watch out︊ for is their strange laws, and reversion to a primitive (fundamentalist) form of Islam and Sharia type law + antisemitism-- the sort of thing Kemal Atatürk, the founder of modern︁ Turkey warned against in the 1920s. The bottom line is that the Turkish passport is a decent thing to have for somebody like an Indian , Bangladeshi, or these days, Russian ---but there︍ are better deals around for others. Contact me if you can afford it & need help. PeterTaradash@gmail.com
I, Peter Taradash, have been through the process. Whatever happens, the money to purchase a qualifying property︍ must 1st be exchanged for Turkish Lira thru an authorized bank.
Crypto can be used,︃ but there may be a KYC about source of funds, criminal record, etc.
Note that the property must︀ be purchased from a Turk not a foreigner or anyone who used that particular property︋ to get the Turkish passport.
From a Turkish owner (not a developer of new apartments︅ who is usually the seller).
Here is a typical situation: (The figures are not a︉ real deal, but for illustration only). A private Turk bought a vacation home years ago︇ for a certain amount of Turkish lire, say 1 million, That was worth U$A 100,000 at the time. The property is now worth $200k but now worth and marketed at 20 million lire. The Turkish cap gains tax is 10 million, so the seller ends︎ up with 10 million lire worth only $50,000. He can't get anywhere near as nice︂ a place as the one he sold . Turkish inflation and the cap gains tax️ is why it is almost impossible to buy a private (or bargain distress) Turkish owned property. That will be︌ why it is usually impossible for a new buyer who got the passport to break︄ even (after taxes) even if his property will "appreciate" vastly in terms of Turkish Lire.︈
As far as corruption goes, it is not as bad as in most underdeveloped countries that we used to call the 3rd world. As far as I can tell, bribes︆ don't play any (*much*)
role in the real estate for citizenship process . This program has brought in billions of $, profits shared between developers and the govt.
The thing to watch out︊ for is their strange laws, and reversion to a primitive (fundamentalist) form of Islam and Sharia type law + antisemitism-- the sort of thing Kemal Atatürk, the founder of modern︁ Turkey warned against in the 1920s. The bottom line is that the Turkish passport is a decent thing to have for somebody like an Indian , Bangladeshi, or these days, Russian ---but there︍ are better deals around for others. Contact me if you can afford it & need help. PeterTaradash@gmail.com
