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Comparative Analysis: Turkey Passport vs. Caribbean Island Passport

  • monmonq1
  • Dec 1, 2024
  • 2 min read

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When considering citizenship-by-investment (CBI) programs, Turkey and Caribbean nations offer unique benefits. Here’s a detailed comparison to help you make an informed choice:


1. Passport Strength & Global Mobility

Turkey:

  • Visa-free or visa-on-arrival access to 121 countries.

  • Key destinations include Japan, South Korea, and Singapore.

  • Excludes Schengen Zone and USA without a visa.

Caribbean Passports (e.g., Saint Lucia, Grenada, Dominica):

  • Visa-free or visa-on-arrival access to 140–160 countries (varies by country).

  • Includes Schengen Zone, UK, and Hong Kong.

  • Grenada offers access to China and the ability to apply for the E-2 visa to the USA.

Caribbean passports generally offer broader travel access, especially to Europe and the Americas


2. Investment Requirements

Turkey:

  • Minimum investment: $400,000 in real estate.

  • Option to resell property after 3 years.

Caribbean Islands:

  • Minimum investment: $100,000 (donation) or $200,000 in real estate.

  • Lower thresholds and flexible options (donations or real estate).


3. Processing Time

Turkey:

  • Citizenship granted in 3–6 months.

Caribbean Islands:

  • Citizenship granted in 2–4 months.


4. Dual Citizenship

Turkey:

  • Allows dual citizenship without restrictions.

Caribbean Islands:

  • Also permit dual citizenship, with no mandatory residency or language requirements.


5. Lifestyle & Residency


Turkey:

  • Rich cultural heritage, strategic location between Europe and Asia.

  • Offers a robust real estate market and access to its social services.

  • Residency not required to maintain citizenship.

Caribbean Islands:

  • Relaxed lifestyle with access to tax havens and tropical climates.

  • Ideal for retirees or individuals seeking a second home.


6. Tax Implications

Turkey:

  • Taxes apply to worldwide income if you reside in Turkey.

  • Non-residents are taxed on income earned within Turkey,

Caribbean Islands:

  • Many offer zero taxation on worldwide income, capital gains, and inheritance.


7. Family Inclusion

Turkey:

  • Citizenship extends to spouse and dependent children under 18.

Caribbean Islands:

  • Citizenship extends to spouse, dependent children, and sometimes dependent parents or siblings.

Conclusion

Each program serves different needs evaluate based on your travel, financial, and lifestyle goals.


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