Exploring the Concept of Global Citizenship and Investment Migration
One of the things we, as humans, cannot choose is the country we are born into as citizens. Many people in the world today are dissatisfied with certain aspects of their home country and choose to travel to different nations, often with the intention of settling in a place that better suits their needs.
The concept of being a Global Citizen should be more accessible to everyone. In today’s globalized world, where the ability to cross international borders plays a crucial role in determining economic opportunities, social status, and even personal safety, the freedom to travel has become particularly valuable. While freedom of travel is one of the fundamental rights declared in the Universal Declaration of Human Rights, international policies have brought some countries closer together while creating distances with others. Consequently, many countries impose restrictions on this freedom through mutual visa requirements.
Across the world, individuals and families are opting for investment migration to improve their lives in terms of business, career, and overall lifestyle opportunities on a global scale. By leveraging their travel freedom and bypassing the constraints imposed by their countries of origin, they seek residence and citizenship in countries that offer greater prospects. Currently, over 100 countries have various forms of investment migration legislation in place. More than ever, individuals and families are considering options for obtaining residence and citizenship through investment as the most effective means of accessing enhanced opportunities.
While critics rightly argue that assigning a monetary value to citizenship carries the risk of devaluing it, the opposite can also be true: Granting citizenship to highly accomplished and respected individuals can underscore its significance.
Almost everyone desires the freedom to live, study, work, and conduct business in a country where they can move freely. Instead of impeding this process, public policies should support these programs, facilitating greater transparency in the new world order, while adhering to the core values of each country. There is no inherent harm in people leaving a place they are dissatisfied with and choosing to settle where they find contentment. In reality, it is that simple.
There is no ethical justification for allocating citizenship solely based on birth, rather than on natural ability or personal contributions. However, due to the comfort and ease it provides, the tradition of assigning citizenship according to birth conditions prevails as a worldwide norm, despite the fact that it fails to align with the concept of citizenship acquisition through investment. It is essential to make this distinction clear, especially in the year 2023.
For these reasons, the concept of global citizenship will gain prominence as education rates increase, particularly among the conscious new generation. In this blog, I aim to provide you with information about countries around the world that offer opportunities for residence and citizenship through investment.
Comparison of Residence Programs
Program | Iso Country Code | General Quality of Nationality Index Score | Minimum Conribution | Processing Time |
Portugual | PT | 79.0% | EUR 200,000 | 3-8 months |
Italy | IT | 80.7% | EUR 250,000 | 3-4 months |
Switzerland | CH | 79.8% | CHF 250,000 | 3-6 months |
Greece | GR | 77.3% | EUR 250,000 | 1-2 months |
Malta | MT | 77.6% | EUR 175,000 | 4-6 months |
Turkey | TR | 37.7% | USD 80,000 | 1-2 months |
Singapore | SG | 55.1% | SGD 2.5 million | 9-12 months |
Australia | AU | 55.2% | AUD 2.5 million | 12 months |
New Zealand | NZ | 54.8% | NZD 10 million[1] | 6-8 months[2] |
Spain | ES | 80.0% | EUR 500,000 | 1-6 months |
United Kingdom | GB | 80.3% | GBP 2 million | 2-4 weeks |
Canada | CA | 55.3% | CAD 150,000 | 48-56 months |
Cyprus | CY | 75.3% | EUR 300,000 plus VAT[3] | 2-18 months |
Ireland | IE | 80.2% | EUR 500,000[4] | 4-6 months |
Dubai (UAE) | AE | 50.3% | AED 5 million | 3-4 months |
Latvia | LV | 77.0% | EUR 60,000 | 1-3 months |
U.S.A. | US | 70.0% | USD 500,000 | 33-50 months |
South Korea | KR | 54.2% | KRW 300 million | > 1 month |
Thailand | TH | 32.4% | USD 19,000 | 2-3 months |
Panama | PA | 43.8% | PAB 500,000[5] | 30 days |
Mauritius | MU | 45.2% | USD 375,000 | Varies |
Bulgaria | BG | 75.0% | EUR 512,000 | 3-6 months |
Comparison of Citizenship Programs
Program | Iso Country Code | General Quality of Nationality Index Score | Minimum Conribution | Processing Time |
Malta | MT | 77.6% | EUR 738,000 | 14-38 months |
Austria | AT | 79.7% | EUR 3 million | 2-3 years |
North Macedonia | MK | 39.3% | CHF 200,00 | 2-5 months |
St. Kitts and Nevis | KN | 47.5% | USD 150,000 | 3-6 months[6] |
St. Lucia | LC | 45.5% | USD 100,000 | 3-4 months |
Antigua and Barbuda | AG | 47.7% | USD 100,000 | 3-4 months |
Grenada | GD | 45.7% | USD 150,000-200,000[7] | 3-4 months |
Dominica | DM | 43.9% | USD 100,000 | 3 months |
Turkey | TR | 37.7% | USD 400,000 | 4 months |
Jordan | JO | 26.8% | USD 750,000 | 3 months |
Egypt | EG | 25.7% | USD 250,000 | 6-9 months |
Vanuatu | VU | 37.1% | USD 130,000 | 2-3 months |
Cambodia | KH | 24.6% | USD 250,000 | 3-6 months |
Why Turkish Investment Programs Are the Best Options
When considering investment migration programs, the Turkish Citizenship by Investment Program or Residency Program emerges as a standout choice for several reasons.
Considering these factors, it becomes evident why the Turkish Citizenship by Investment Program or Residency Program stands out as a compelling choice for those seeking a secure investment, enhanced global mobility, and a rewarding lifestyle.
[1] For Investor 1; NZD 3 million for Investor 2
[2] For Investor 1; 9–12 months for Investor 2
[3] Where applicable
[4] Or EUR 400,000 for each of 5 investors
[5] Or PAB 300,000 for 24 months after Executive decree 722 effected
[6] For usual route; 45–60 days for Accelerated Application
[7] USD 150,000 (single applicant) or USD 200,000 (a family of up to four members)
Bibliography for table information: Henley & Partners, Investment Migrations Programs 2022 The Definitive Comparison of the Leading Residence and Citizenship Programs, Zurich/Switzerland, Ideos Publications Ltd., 2022
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