How to choose Golden Visa Golden Visa?Is it better to buy a 250,000 property in Greece than to invest 250,000 in Turkey for a passport? Finding out between Permanent Residency and Passport Immigration?
Many people have recently been concerned about whether or not the new Crown Pneumonia has had an impact on overseas houses? Is the Turkish passport program good? and GreeceGolden VisaWhat is the difference between buying a house, 2 million RMB to buy a house, which is cost-effective? Today to analyze the Greek permanent residence and Turkish passport.
(This article is partly referenced from HUO's original article rewritten by Big Brother)
Immigration: Why Greece and Turkey
A lot of small partners self-provided 2 million plan to immigrate to Europe, the new crown pneumonia after asking me where I can immigrate to? How fast can the fastest? One of the most frequently asked is two countries-Greece and Turkey. (Others can refer to the article:If I'm on a low budget, what are some countries I can refer to?)
Greece Golden Visa Permanent Residency
Greece and Turkey are two countries on the European continent at the same time, a transcontinental country in southeastern Europe, with the famous Aegean Sea to the east of mainland Greece, the Ionian Sea to the west, and the Cretan Sea and the Mediterranean Sea to the south. Greece and China are the oldest countries in the world, and Greece has been inhabited since 270,000 BC. It is known as the cradle of Western civilization and is the birthplace of democracy, Western philosophy, the Olympic Games, Western literature, history, political science, important sciences and mathematical principles, Western drama (tragedy and comedy), and most famously Santorini and the Acropolis Gang. The most famous tourist destinations include the capital Athens, as well as Santorini (other islands such as Mykonos, Rhodes, Corfu and Crete, etc.) help Greece to bring in a large amount of tourism revenue, attracting 26 million tourists in 2015 alone, contributing to Greece's GDP of 18%. Greece's introduction of the 2013 "Golden Visa"Bill to obtain permanent residency status through the purchase of property worth 250,000 euros and can immigrate in one step in just 3 months.Golden VisaOffering the freedom to travel and live freely in the EU with ease, it becomes a golden status to an excellent European education and healthcare system.
Turkey Passport Program Citizenship
Turkey is a transcontinental EurasianIslamThe country includes the Anatolian Peninsula in Western Asia and the Eastern Thrace region of the Balkan Peninsula. It is bordered by the Black Sea to the north, the Mediterranean Sea to the south, Syria and Iraq to the southeast, the Aegean Sea to the west, and Greece and Bulgaria. Turkey is currently applying for membership in the European Union but isEUthe question of northern Cyprus, the Armenian genocide, human rights and freedom of the press, and the question of Turkey's accession to the 1951 Convention relative to the Status of RefugeesIslamFaith-based issues such as the refusal of Turkey to join. Turkey introduced a passport immigration program in 2016, for the only country in Europe besides Cyprus and Malta it introduced a passport program, but this half in thecontinent of EuropeAnd it's not.EUof Turkish citizens' passports, why is it only in 2018 that concerns have begun to be raised? What exactly is going wrong?
Greek Golden Visa and Turkish Passport Immigration
Golden Visa
GreeceGolden VisaHas been launched seven years, but at the beginning of the project's hotness is far less than Spain, Portugal immigrants, but instead of eating sugar cane in reverse, from 2016 to 2018 began to receive a lot of attention, in the last three years to become the hottest gold project in the immigration market, the applicant's children and both parents can be a step to get thepermanent residencyThe Greek property market has gone from stagnant and dead quiet to the hottest market in Europe in two years. 2019 saw a personal visit from Xi Jinping after the new government took office, emphasizing the friendship and resilience of the relationship between China and Greece, but at the same time as 2019, some investors have started to shift their interest to Turkey's passport program, so why does GreeceGolden VisaOr does it occupy the main gaze of the market?
Turkish passport immigration
Turkey's passport program focuses onExemption from submitting a clean bill of healthAs long as the purchase of real estate worth 250,000 U.S. dollars, the whole family and minor children can obtain a passport, and after obtaining the status can be sold real estate, no immigration supervision, no language exams, no need for interviews, and the Turkish passport can be exempted from the visa in Japan, become the first choice of many Chinese. But according toComparison of BCBIC Passport ProgramsAccording to the information, Turkish passport holders need a visa to visit Europe and the United Kingdom and, like other countries, they do not need a visa to visit the United Kingdom.Passport ProgramIt takes a longer waiting time than that. But why is the Turkish passport immigration program still in the market still receiving a lot of attention?
Competition between Greek and Turkish Immigration Programs
Immigration Costs: Golden Visa vs Passport
GreeceGolden Visais 250,000 euros, Turkey is 250,000 U.S. dollars, the same 250,000, but the difference between the two currencies is 12% ~ 15%, I write this article at the moment 250,000 U.S. dollars equal to 1,750,000 yuan, but 250,000 euros equal to 1,980,000 yuan, the difference is 230,000, or about 13.14%.
Both countries emphasize the lack of immigration supervision?
GreeceGolden VisaObtained permanent residency and naturalization of Turkish citizens are different concepts, permanent residency has given the applicant the right to unlimited residence, so there is no need to sit in the immigration supervision; but if you want to apply for naturalization in the future, you need to meet the conditions of residency; Turkey's passport program is in the applicant only need to land to buy a house, there is no requirement for immigration supervision.
Problems with CRS? Can be solved with a Turkish passport?
groundOECD (Organization for Economic Cooperation and Development)According to the latest standard, the passport provided by the financial account holder is only a document of identification, and the bank must collect the tax identification number and the place of habitual residence of the financial account holder in order to determine the basis for automatic financial account information exchange. The determination of tax residency is the basis for the exchange of financial account information. (Refer to the article:What is an Offshore Tax ID Number? What is a tax resident? What is the relationship between a tax ID number and opening an offshore bank account?)To address the CRS issue, in addition to holding a second passport, you need to do a good job oftax residentplanning, if only immigrants do not migrate, or do not obtain atax identification numberIt is difficult for financial institutions to trust the account holder's passport to determine their tax jurisdiction.
Can I transfer my passport to a Greek Golden Visa?
The answer is yes, but only if you fulfill the immigration requirements and pass the Greek language test. The Greek language is very difficult to learn, and most of the students have to pass the Greek exam.Golden Visaof applicants is still focused on maintaining permanent residency.
U.S. E2 Visa Competition with Schengen Area
The permanent residency status in Greece allows free movement in the Schengen countries (Austria, Belgium, Bosnia, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Kosovo, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Monaco, Netherlands, Norway Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, the Vatican), including entry and exit from any airport in the Schengen countries, is a convenient status for families planning to use Europe as a mid- to long-term, transitory status, Turkey's program focuses on the possibility of immigrating to the U.S. on a curve via an E2 visa after directly obtaining citizenship, but this notion has a However, there is a blind spot in this idea, E2 visa is not an immigrant visa, and cannot be completed to achieve the effect of obtaining a green card, but only under the condition of long-term residence in the U.S. The details of the E2 can be referenced tothis article, or the video below.
Energy issues cross swords
These past six months, the Aegean Sea has seemed peaceful, but there have been dark tides - the relationship between Greece and Turkey has been very tense, back and forth, over the oil and gas resources of the Eastern Mediterranean (which, according to U.S. Geological Survey estimates, could probably provide about ten trillion cubic meters of natural gas and three and a half billion barrels of oil). even to the point of being on the verge of erupting into war:
- On 31 January 2020, the Turkish exploration vessel Oruchires appeared off the island of Kastellorizo in the Aegean Sea on the same day, without naval escort and with no visible signs of ongoing exploration activities. The Greek side subsequently dispatched a frigate to monitor the activities of the Oruchires.
- On January 17, 2020, the Turkish hacker group Anka Neferler Tim hijacked the official websites of the Greek Parliament, the Ministry of Foreign Affairs, the Ministry of Finance, the National Intelligence Agency, and the Athens Stock Exchange for more than 90 minutes.
- On January 16, 2020, Turkish President Erdogan announced that Turkey would begin drilling for natural gas in the eastern Mediterranean Sea in 2020, and that drilling by other countries would be "illegal" - Turkey has included most of Cyprus' EEZ within its own continental shelf. within its continental shelf, and claimed sovereignty over parts of the Aegean Sea and offshore Crete under Greek jurisdiction.
- On January 2, 2020, Greece, Cyprus and Israel signed an agreement on the Eastern Mediterranean Gas Pipeline, which intends to transport offshore gas from the eastern Mediterranean to Europe. Turkey strongly opposes this agreement.
Military conflict between Turkey and Greece
- On December 12, 2019, the Greek Air Force's Mirage 2000 fighter pilot, showed two photos representing the Mirage 2000 fighter, which at the time, had selected the AM39 Flying Fish anti-ship missile training mode and was ready to launch a simulated attack on Turkey.
- On November 17, 2019, Turkey signed a Memorandum of Understanding (MoU) with the Libyan Government of National Unity (GNU) on "maritime jurisdiction", seeking to acquire a larger exclusive economic zone (EEZ) in the eastern Mediterranean Sea, which was strongly opposed by Greece, Cyprus and Egypt.
Greece passively victimized as Turkey condones refugees
This past week, the Greek news pages were dominated not only by the new coronavirus outbreak, but also by the influx of "refugees" who, with the "connivance" of Turkey, have tried to illegally cross the Turkish-Greek border into Greece and into the European Union by the tens of thousands of refugees stranded in Turkey. Greece and the European Union. Turkey, for its own economic and political interests, has enough internal motivation to "condone" the refugees to rush to Greece, and then exert pressure on the EU in order to obtain economic assistance and benefits, improve the geopolitical environment, and join the EU at an early date. Unfortunately, Greece has become a passive victim in this geopolitical game.
comparison of national strengths
Seeing this side you can't help but wonder if Turkey and Greece competing in the program is a good or bad thing for the immigration market? What will happen when they fight? Although it has become commonplace for two countries to cross swords, and generational entanglements are no longer an easy problem to solve, but as an investor's point of view in theGolden VisaAcquisition of permanent residencerespond in singingBuy a house and get a passportTo make a comparison between, we can analyze it from multiple perspectives:
Population (2018)
Greece is 10.72 million, Turkey is 82 million, and Turkey is 7.65 times the size of Greece.
Greece
Istanbul
land area
Greece is 132,000 square kilometers, Turkey is 785,000 square kilometers, and Turkey is 5.95 times larger than Greece.
Greece
Istanbul
GDP 2018
Greece is 184,714 million euros and Turkey is 652,520 million euros, Turkey is 3.53 times more than Greece.
Greece
Istanbul
Defense Expenditures (2018)
Greece is 4,406 euros, Turkey is 16,341 million euros, Turkey is 3.71 times more than Greece
Greece
Istanbul
Education expenditure as a percentage of government expenditure (2018)
Greece is 8.701 TP3T and Turkey is 12.841 TP3T, Turkey is 1.48 times more than Greece.
Greece
Istanbul
Defense spending as a percentage of GDP (2018)
Greece is 2.39% and Turkey is 2.50%.
Greece
Istanbul
Global Competitiveness Index and Rankings (2019)
Greece, with 62.58 points, ranked 59th globally; Turkey, with 62.14 points, ranked 61st globally.
Greece
Istanbul
Human Development Index and rankings (2017)
Greece, with a score of 0.870, is ranked 31st in the world; Turkey, with a score of 0.791, is ranked 64th in the world.
Greece
Istanbul
value-added tax (VAT)
Greece, 24%; Turkey, 18%.
Greece
Istanbul
GDP per capita, 2018
Greece is 17,210 euros and Turkey is 8,020 euros, which is 2.15 times more than Turkey.
Greece
Istanbul
HP rating (2020)
Greece is BB and Turkey is BB-.
Greece
Istanbul
Passport Exemption Countries
Greece, 184; Turkey, 111.
Greece
Istanbul
Homicide rate per 100,000 people (2017)
Greece, 0.7; Turkey, 4.3.
Greece
Istanbul
Inflation (2017)
Greece, 1.11 TP3T; Turkey, 11.11 TP3T.
Greece
Istanbul
Commercial Bank Lending Rates (2017)
Greece, 5.251 TP3T; Turkey, 15.771 TP3T.
Greece
Istanbul
Immigration Processing Time
Greece, average 3 months; Turkey, average 10 months.
Greece
Istanbul
reach a verdict
Who is suitable for permanent residency
GreeceGolden VisaIt is a permanent residency without citizenship, suitable for emigration, education, retirement, and for applicants who want to extend their business to Europe. As long as there is enough money, there is no difficulty in emigration, and the conditions for renewal of the visa are simple. The disadvantage is that in order to obtain Greek citizenship, it is a great challenge for adults to learn Greek, and it varies from person to person as to how much effort one has to put into learning in order to get a Greek passport.
Who is suitable for the Passport Immigration Program
No plans to live abroad, simply doasset allocation, need a passport from a large country, but the fact is that the visa-free advantage of the Turkish passport is only found in Japan, the Philippines, and Singapore; none of the responses to the ease of visa-free access work very well.
Passport Immigration Program Options
For the whole family to invest 2 million RMB to get a Turkish passport, I personally think it is not cost-effective becauseTurkish passport without visa-free access to UK and European countriesIf you know what I mean, and to put it bluntly, if I have to travel to Turkey every time I apply for a visa, and if I can guarantee that the visa will be approved, then I'd rather have the whole family apply for the visa.Dominica PassportYou can also enjoy visa-free access to Europe for 90 days and to the UK for 180 days (check outCountries exempted from visas on Dominica's passport), orUpgraded Dominica PassportThe
Evaluating from a property perspective
It is well known that the Chinese love to buy property, and the Greek government has continued to targetGolden VisaPolicy improvements, tax cuts, and attracting more investment from families and entrepreneurs can be seen as the Greek government maintains a long-term development and requires a healthy fiscal direction, and a healthy fiscal direction.Caribbean Islandimmigration policy differs from that of investing in a Caribbean island (Dominic,Saint KittsThe Turkish real estate program, however, has shown that the government is only interested in short-term funding. The program was launched with a threshold of one million dollars, but after a lack of interest, the threshold was lowered to $250,000, and local real estate developers are aware that this is only a short-term policy.
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Get a Commonwealth passport in one step and travel toDominica Passport Home Page
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