Year 2019, Volume 7, Issue 1, Pages 55 - 67 2019-06-26

WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?

Mustafa Akın [1]

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Economic citizenship is the fast track to a legal second passport in a short period by investment or donation. Recently, many countries including Turkey have launched their own citizenship by investment program or economic citizenship. This paper explains the failure of Turkish economic citizenship schema and weighs the cost-benefit analysis of economic citizenship in three aspects: visa free, marginal contribution and investment threshold aspects. There are 3 reasons of failures to attract foreign investors to economic citizenship: First, the return on investment is very low since one often needs to apply for the EU visa and 6 big English-speaking countries. Second, under the marginal contribution analysis, we eliminated the redundancy among passports and we calculated the additional benefits of a passport. Schengen visa free access passport is the main condition of this citizenship market. Third, under the investment analysis, Turkey began with 3 million USD deposit requests or 1 million USD real estate purchase above European (U.K., Cyprus, Portugal and Bulgaria) countries’ threshold.  

Economic Citizenship, Turkey, Visa Free Countries, Investment, Schengen
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Primary Language en
Subjects Economics
Journal Section Articles
Authors

Orcid: 0000-0002-1850-9118
Author: Mustafa Akın (Primary Author)
Country: Turkey


Dates

Publication Date: June 26, 2019

Bibtex @research article { jimeep515350, journal = {Journal of International Management Educational and Economics Perspectives}, issn = {}, eissn = {2602-330X}, address = {Ahmet GÜVEN}, year = {2019}, volume = {7}, pages = {55 - 67}, doi = {}, title = {WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?}, key = {cite}, author = {Akın, Mustafa} }
APA Akın, M . (2019). WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?. Journal of International Management Educational and Economics Perspectives, 7 (1), 55-67. Retrieved from http://dergipark.org.tr/jimeep/issue/46348/515350
MLA Akın, M . "WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?". Journal of International Management Educational and Economics Perspectives 7 (2019): 55-67 <http://dergipark.org.tr/jimeep/issue/46348/515350>
Chicago Akın, M . "WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?". Journal of International Management Educational and Economics Perspectives 7 (2019): 55-67
RIS TY - JOUR T1 - WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET? AU - Mustafa Akın Y1 - 2019 PY - 2019 N1 - DO - T2 - Journal of International Management Educational and Economics Perspectives JF - Journal JO - JOR SP - 55 EP - 67 VL - 7 IS - 1 SN - -2602-330X M3 - UR - Y2 - 2019 ER -
EndNote %0 Journal of International Management Educational and Economics Perspectives WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET? %A Mustafa Akın %T WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET? %D 2019 %J Journal of International Management Educational and Economics Perspectives %P -2602-330X %V 7 %N 1 %R %U
ISNAD Akın, Mustafa . "WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?". Journal of International Management Educational and Economics Perspectives 7 / 1 (June 2019): 55-67.
AMA Akın M . WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?. Journal of International Management Educational and Economics Perspectives. 2019; 7(1): 55-67.
Vancouver Akın M . WHY DOES TURKEY FAIL AS A NEW ENTRANT ON ECONOMIC CITIZENSHIP MARKET?. Journal of International Management Educational and Economics Perspectives. 2019; 7(1): 67-55.