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Turkey Passport
How to Choose a Family's Second Passport? Turkey Offers Both Offense and Defense
Starting from January 2 this year, Turkey officially implemented visa-free travel and transit for Chinese citizens holding ordinary passports, allowing a cumulative stay of up to 90 days within 180 days. Once the policy was announced, traveling to Turkey for tourism and business inspection trips became significantly more convenient. However, from the perspective of residency and citizenship planning, the significance of this goes far beyond a simple "spontaneous trip."
New Turkish Tax Reform Policy Implemented! Don't Miss Out on the Residency Dividends
As global high-net-worth families increasingly focus on residency planning, asset allocation, tax arrangements, and wealth succession, Turkey is exerting a strong appeal to global capital and high-net-worth individuals with a new round of tax incentive policies. Recently, the Grand National Assembly of Turkey passed a tax reform bill, introducing a package of tax and investment incentives. According to public information from the Turkish Parliament, the key points of the bill include: Eligible new tax residents can enjoy an exemption from income tax on foreign-sourced income for up to 20 years; inheritance and gift tax for eligible individuals can be reduced to 1%; and it is accompanied by various incentive policies such as asset repatriation, corporate income tax, and the Istanbul Financial Center.
Great News! Turkish passport holders can obtain a Schengen visa with multiple entries valid for up to 5 years
Significant news! The new visa policy for Turkish passport holders traveling to Europe has been implemented, making travel within the Schengen area easier! The European Union has recently significantly optimized the Schengen visa policy for Turkish citizens, bringing three major benefits for frequent travelers to Europe: simplified processes, extended validity, and the freedom of multiple entries! Eligible applicants can obtain a multiple-entry visa valid for up to 5 years, completely eliminating the hassle of frequently submitting documents.
Turkey and the UK Reach Historic Free Trade Agreement
Recently, Turkey and the UK signed a free trade agreement. This is the most significant trade agreement for Turkey since it established a customs union with the European Union in 1995, marking a milestone. The agreement came into effect on January 1, 2021, following the UK's formal withdrawal from the EU, to maintain existing trade in goods.
What the Wealthy Are Doing During the Pandemic
Since the beginning of this year, the sudden COVID-19 pandemic has triggered a major global transformation. This battle against the epidemic, which spares no country and makes no distinction between rich and poor, concerns the survival of humanity and the global landscape at the macro level, and family wealth and personal health at the micro level. Along with the awakening of epidemic prevention awareness, there is also an awakening of risk-aversion awareness. When a crisis strikes, having a Plan B that allows for both offensive and defensive maneuvers—having one more option and one more glimmer of hope—appears particularly...
What are the advantages of immigrating to Turkey and obtaining a Turkish passport?
Investing $250,000 can open a shortcut to the UK and the US. Can you believe it? The answer lies in the recent hot project in the immigration sector—the Turkish property investment immigration program. While configuring overseas assets, one can also obtain a Turkish passport. What advantages does the Turkish passport program offer?
Surge of Foreign Homebuyers in Turkey: How Significant is the Impact?
Since Turkey relaxed the requirements for its Citizenship by Investment program last year, there has been a sharp increase in property purchases by foreigners. This has led to a significant rise in demand for Turkish furniture and a notable increase in sales, driving rapid growth in Turkey's furniture industry.
Turkish Resident Savings Grow by 24.6%: What Signals Does This Send?
Recently, according to the Turkish newspaper Sabah, Turkish resident savings reached 13 trillion Lira in the first half of the year, a year-on-year increase of 24.6%, with per capita savings at 15,778 Lira. Istanbul accounted for 554.3 billion Lira in savings, representing 42.8% of the national total, followed by Ankara, Izmir, and Antalya. In terms of per capita savings for the first half of the year, Istanbul and Ankara recorded 36,786 Lira and 23,310 Lira respectively...
New Property Launch for Turkey Citizenship by Investment: Skyland Istanbul
Skyland Istanbul is now officially on the market! It is one of the few high-rise residential buildings in Istanbul, offering expansive views and a 360-degree panorama of the city. Located adjacent to two major CBDs, it boasts a prime location, convenient transportation, and comprehensive lifestyle amenities. These are move-in ready properties available for immediate title deed transfer, and purchasing a home allows your entire family to quickly obtain a Turkish passport from a major European nation!
Hot Sale! Treasure Tower Apartment in the Core Area of Istanbul, Only One Available
Treasure Tower in the diamond district of Istanbul is for sale, the developer reluctantly parting with it, open view with high floors, unobstructed sightlines, architectural style reminiscent of the Bund old mansions, featuring significant investment value, only one available! The quick will get it, the slow will miss out!
Beware! Three Major Risks of Buying Property Overseas
Nowadays, with the development of economic globalization, the investment focus of Chinese citizens is no longer limited to the 9.6 million square kilometers of the motherland. More and more investors have turned their attention to overseas markets in search of more investment opportunities. Among them, overseas properties in European countries such as Turkey, Greece, Cyprus, Portugal, and Spain are particularly favored by domestic investors. By purchasing property...
Worldway Group's "Worldway Night: Scotch Whisky Tasting" Successfully Held
There is a type of spirit in the world that is elegant and sophisticated, yet possesses a wild, untamed spirit at its core—a wildness that only the truly calm and wise can master. That spirit is whisky. To express gratitude for the trust and support of our new and existing clients, the "Worldway Night: The Macallan Whisky Tasting," co-hosted by Worldway Group and the Worldway Wealth Club, recently concluded successfully in Shanghai. As glasses clinked...