Massive earthquake in southern Turkey: lives lost, no help in sight
Rescue operations in affected areas
On February 6, 2023, two 7.8-magnitude earthquakes struck southern Turkey with an energy equivalent to the detonation of 130 atomic bombs. Turkey's Health Minister Koca announced on the 10th of local time that the quakes had killed more than 200,000 people in the country, with at least another 200,000 reportedly buried under the rubble. Rescue teams have been carrying out rescue and evacuation missions, and so far 28,044 people have been evacuated from the affected areas, including 4,607 by road and rail and 23,437 by air. Rescue teams have conducted a series of active rescue operations in the rubble, but many people are still in need of assistance.
2023 Turkish presidential election
On May 14, 2023, Turkey will have a presidential election, marking the end of a 20-year period in which the president who led the countryRecep Tayyip Erdogan.The period of governance is coming to an end. During Erdogan's administration, Turkey's GDP per capita has tripled and won global recognition, and he has pushed the policy of naturalizing Turkish property into Turkish passports around the world. However, those who have purchased property in Turkey to immigrate, now in addition to mourning the refugees, more or less worried about the value of their property will be affected by the earthquake; and those who are planning to immigrate to Turkey, in addition to the earthquake, but also more than one layer of policy concerns, because Turkey's upcoming presidential election in May this year, when the country's investment naturalization program can be therefore faced with significant uncertainty.
Political situation and Turkish passport full of uncertainty
First, the independent Turkish research organization "MetroPOLL"s late December poll showed that Erdogan's approval rating has dropped to 38.6%. Secondly, the heavy earthquake disaster has also challenged Erdogan's ability to govern, with his slow response being blamed by the opposition parties and the chaotic post-disaster reconstruction affecting voters' attitudes towards him. Finally, Turkey is also facing a geopolitical situation with frequent changes, whether it is the opposition to Sweden's NATO membership or the closure of embassies in Turkey by many Western countries to issue travel warnings, all of which make the 2023 presidential election face considerable uncertainty.
Last chance to get a Turkish passport
If Erdogan loses the election and someone else is elected president, it could be bad news for those who want to relocate to Turkey through the Turkish Citizenship by Investment Program. The Turkish Citizenship by Investment Program, also known as the Turkish Golden Visa, was launched in 2017 and is one of the most popular investment immigration programs in the world. Recently, the threshold for investment immigration has been increasing, with the current threshold for property purchases reaching $400,000, and as of January 1 of this year, investors are also not allowed to purchase property from foreigners or in the name of a company, and it is not allowed to be held by foreigners for the past three years. Turkey's six-party opposition coalition has also issued a statement that it will simply shut down Turkey's naturalization by investment program if their presidential candidate wins the election. I have also worked on theVideo Sharing Turkish Lifebenefits, as the Turkish Citizenship by Investment Program is one of the most popular investment immigration programs in the world. As a result, theFor those who want toFast Track NaturalizationbesidesImmigration to Turkeyinvestors, now may be the last chance toThe
Tax advantages: more favorable immigration options
In recent years, more and more wealthy people have begun to consider gettingSecond nationalityThe second passport is obtained to meet multiple needs, such as global travel, children's education, and so on.Dominica Citizenship by Investment ProgramRecognized as one of the top investment immigration programs in the world, it is highly sought after by the wealthy, entrepreneurs and high profile individuals. The program has an excellent reputation and is known for its extremely high passport access index and a range of visa-free countries covering the European Union, the United Kingdom and nearly 150 other countries. In addition.Fast-track approvals in Dominicaand simple application process also make it a leader in the Immigrant Investor Program. Over the years, Dominica has been attracting wealthy investors with its extremely high standards, transparency and reputation, and its top position in the global investment immigration arena is evidenced by the fact that it has been named the world's best fast-track naturalization program for six consecutive years.
From tax planning to educational advantages, Dominica's passport is a smart choice
From the point of view of children's education, Dominica's passport credits are common to the United States, the United Kingdom and other countries in Europe, and children can receive free English language teaching from an early age, and high school can apply for the United States to apply for prestigious schools. Although not visa-free, but it is easy to apply for a U.S. visa, Dominica is known as the "North American backyard", from Dominica to fly to the United States is very convenient.
From the point of view of tax planning, Dominica's passport is even more rare, Dominica is not a global tax, and does not levy personal income tax on overseas citizens, so for those who want to use the second nationality for tax planning.Dominica Citizenship by Investment ProgramIt's a good choice.
The changing world: actively preparing for your future
The recent major earthquake in Turkey, the search and rescue work is being carried out intensively, this disaster has brought a huge blow to Turkey, but also added uncertainty to the 2023 Turkish presidential election, as well as the question of whether or not the citizenship by investment program can continue to exist. Therefore, for those who want to apply for Turkey to buy a home to immigrate, you need to hurry up and act quickly so as not to miss the opportunity due to the disaster, but do not be discouraged, theDominica PassportThe value for money is much better, and it's also worth havingTax optimizationConsidered by high net worth individuals in need. Turkey's location in a seismically active zone where earthquakes can strike at any time reminds us that no matter how perfectly planned, risks are always inevitable and life's destiny cannot be predicted. Therefore, in addition to hoping that the rescue efforts will be concluded as soon as possible, it is also hoped that the international community will unite to help those affected by the disaster. In addition, we should also keep in mind that we, as human beings at the same time, need to support each other in times of difficulty because this disaster is not just a disaster for one country, but for all mankind. Therefore, it is recommended that we act in a timely manner, configure our own identity, and actively prepare for our own future and seize our own destiny in a changing world.
Extended Reading
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Dominica Citizenship Program
- The Dominica Citizenship Naturalization Program was established in 1993 A.D. and is one of the oldest naturalization programs in the world.
- passport immigrationApplicants are not required to attend an interview
- Immigration can be processed quickly: the time it takes is about 2-3 months.
- The most cost-effective program for single applicants
- The status can be passed on permanently to the next generation in the direct line.
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