International Migration with the Purpose of Investment
International migration has become a common phenomenon in the modern world. It is characterized by the movement of people from one country to another, mainly for employment, education, family reunification, or investment. Investment migration has gained a lot of popularity in recent years, with more and more countries offering Golden Visa programmes as a means of attracting foreign investment.
A Golden Visa programme is a scheme that offers residency or citizenship to foreigners who invest in a country. It is usually aimed at high-net-worth individuals or entrepreneurs who seek to expand their businesses in a foreign country. The Golden Visa programme is a win-win situation for both the investors and the host countries. The investors get to enjoy the benefits of living and doing business in a foreign country, while the host country gains a boost in its economy through foreign investment.
The Golden Visa programme is designed to attract foreign investment in various sectors of the economy. The most common sectors include real estate, technology, and manufacturing. The real estate sector is the most popular sector in which investors can invest their money and receive residency or citizenship in return. This is because real estate is a tangible asset that is easy to manage and has a high return on investment. In addition, it is a safe investment because the value of real estate rarely depreciates.
The Golden Visa programme has been very successful in attracting foreign investment in many countries. For example, Portugal introduced its Golden Visa programme in 2012, and since then, it has attracted more than €4 billion in foreign investment. Turkey, Spain, Greece, and Cyprus are also popular destinations for Golden Visa programmes. These countries offer favourable tax regimes, affordable property prices, and an attractive lifestyle, which is a major attraction for many foreign investors.
Turkey, as applying one of the top golden visa programmes globally, ensured mode than €50 billion via its investment programme.
The benefits of the Golden Visa programme go beyond just attracting foreign investment. It also promotes economic growth, job creation, and international relations. The investment that comes with the Golden Visa programme creates job opportunities for the locals, which, in turn, boosts the country's economy. In addition, the Golden Visa programme helps to strengthen international relations between countries. When investors move to a foreign country, they bring with them their business networks and connections, which help to foster international trade and business relations.
In conclusion, the Golden Visa programme is a powerful tool that can attract foreign investment, promote economic growth, and strengthen international relations. While there are some concerns with the programme, these can be mitigated through effective due diligence checks and regulation. As the world becomes more globalized, the Golden Visa programme is likely to become even more popular, as high-net-worth individuals seek to diversify their investment portfolios and enjoy the benefits of living and doing business in different parts of the world.
For getting more information about the global investment oriented golden visa programmes and for applying to the Turkish Golden Visa Programme, please contact with one of our migration experts.
by Bünyamin Esen, Founding Partner and Senior Investment Consultant