Turkish Opposition seeks to revoke CBI Citizenships?

[TheGlobetrotter]

Hello,

what is your take on the declaration of the turkish nationalist party that they intend to cancel all CBIs? I am not sure I am allowed to post the link here but it’s easy to find via google.

I was very seriously considering to go for the CBI by real estate investment but I find this news quite concerning. How sure are the CBIs at the end of the day ? They are an investment as any other so there is obviously some risk asociated with it, but is that risk

 

[daniels27]

Hello,

what is your take on the declaration of the turkish nationalist party that they intend to cancel all CBIs? I am not sure I am allowed to post the link here but it’s easy to find via google.

I was very seriously considering to go for the CBI by real estate investment but I find this news quite concerning. How sure are the CBIs at the end of the day ? They are an investment as any other so there is obviously some risk asociated with it, but is that risk

They have made the program more and more unattractive over the last 3 years. If you invest in a dooming economy, there always are risks. But the food thing is that you get your citizenship right after the investment, so you have it. They can take it back if you sell your investment before the holding period ends but I would not expect them to cancel it is they change the rules.

 

[EliasIT]

what is your take on the declaration of the turkish nationalist party that they intend to cancel all CBIs? I am not sure I am allowed to post the link here but it’s easy to find via google.

You can post such links freely here and would help for a better understanding of your question.

 

[TheGlobetrotter]

You can post such links freely here and would help for a better understanding of your question.

https://www.imidaily.com/europe/tur...they-claim-there-are-at-least-half-a-million/

 

[Martin Everson]

what is your take on the declaration of the turkish nationalist party that they intend to cancel all CBIs?

I don't know if their case is with merit but timing is off. Now is probably not time for Turkey to chase off CBI investors who took the plunge. But hey nationalists around the world have no idea about economics - ask those who voted for Brexit .

 

[Frankie]

Play stupid games in zero rule-of-law countries, win stupid prizes

 

[TheGlobetrotter]

The question that arises to me is which other CBIs can be canceled anytime ? As far as I know there are not many countries where one can not be stripped of his citizenship (only Argentina and Brazil come to my mind now). What if one of the Caribbean decides tommorow to cancel all citizenship. What are we paying for exactly for when we are buying a CBI ?

 

[JohnLocke]

I am not sure I am allowed to post the link here but it’s easy to find via google.

You can post such links with pleasure. Only advertising for your own companies and businesses is not allowed, as this falls under the category of advertising.

 

[Martin Everson]

The question that arises to me is which other CBIs can be canceled anytime ?

All can depending on reason.

As far as I know there are not many countries where one can not be stripped of his citizenship (only Argentina and Brazil come to my mind now).

Correct, even UK can strip your citizenship these days even if you are born there and that's only passport you have if they believe you can obtain a new passport from your parents place of origin.

What if one of the Caribbean decides tommorow to cancel all citizenship. What are we paying for exactly for when we are buying a CBI ?

Your paying for citizenship and a willing ability to accept a small risk you could lose that entitlement at any point. There is no 100% certainty when it comes to CBI's unfortunately.

 

[JohnnyDoe]

I agree in principle that CBI programs should not exist. But from a practical perspective, why should a state not take money from those who are happy to be scammed?
After all, how many times, for example, Argentina has defaulted? 9? And investors keep buying their bonds

 

[Watchingtheweasels]

The question that arises to me is which other CBIs can be canceled anytime ? As far as I know there are not many countries where one can not be stripped of his citizenship (only Argentina and Brazil come to my mind now). What if one of the Caribbean decides tommorow to cancel all citizenship. What are we paying for exactly for when we are buying a CBI ?

For better or worse any government can unilaterally decide what to do with citizenships it grants, from something like an exit tax to discourage you from leaving to revocation.

As far as "whar" you are buying, you are buying naturalization (with money instead of time) which allows you to apply for a passport.

 

[TheGlobetrotter]

For better or worse any government can unilaterally decide what to do with citizenships it grants, from something like an exit tax to discourage you from leaving to revocation.

As far as "whar" you are buying, you are buying naturalization (with money instead of time) which allows you to apply for a passport.

I do not think that this is how the law system in civilized contry works. This type of decision needs some legal justification. If you read the article, the argument should be that the CBI is not constitutional. I guess what I am asking is : why doesn’t Turkey just go through the constitutional court with this problem and get a definitive decision ? They are having at the moment according to some reports about 50 % of the global CBI market , bringing multiple Billions per year, so why aren’t they doing anything to ease up the mind of investors?

 

[Martin Everson]

They are having at the moment according to some reports about 50 % of the global CBI market , bringing multiple Billions per year, so why aren’t they doing anything to ease up the mind of investors?

Investors that can afford this passport have multiple options for CBI. I don't think it would be much of a mental burden for many to just move on if it goes pear shaped on them unless they are from certain countries.

 

[wellington]

Hello,

what is your take on the declaration of the turkish nationalist party that they intend to cancel all CBIs? I am not sure I am allowed to post the link here but it’s easy to find via google.

I was very seriously considering to go for the CBI by real estate investment but I find this news quite concerning. How sure are the CBIs at the end of the day ? They are an investment as any other so there is obviously some risk asociated with it, but is that risk

Get rid of your other balls and chains and that one can’t be removed as you can’t be made stateless

 

[Watchingtheweasels]

I do not think that this is how the law system in civilized contry works. This type of decision needs some legal justification. If you read the article, the argument should be that the CBI is not constitutional. I guess what I am asking is : why doesn’t Turkey just go through the constitutional court with this problem and get a definitive decision ? They are having at the moment according to some reports about 50 % of the global CBI market , bringing multiple Billions per year, so why aren’t they doing anything to ease up the mind of investors?

In the end, what we call "the rule of law" is merely a written expression of political will. Even within the countries of the "rules based order", law has been used as a justification for all sorts of things throughout history. I would much rather have a country with which I was culturally compatible be my primary residence than to take up residence somewhere that was radically different and rely on the rule of law to protect my interests.

 

[bubbledouble]

very well said !