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Avoid This Risky Turkey Citizenship Investment Route · IMI Podcasts

• 0:00
  SPEAKER_00: Well, now the KKM is lifted.
• 0:02
  SPEAKER_00: It means there's no currency protection for anyone choosing a bank deposit.
• 0:07
  SPEAKER_00: It was not something that we wanted to promote from day one because there was only a two-year protection on KKM.
• 0:14
  SPEAKER_00: So you have a three-year investment term.
• 0:16
  SPEAKER_00: And I've seen Turkish lira tank by 100% overnight.
• 0:21
  SPEAKER_00: So it was never something we promoted, never something we endorsed.
• 0:25
  SPEAKER_00: And now KKM has gone, is even more risk to an investor.
• 0:30
  SPEAKER_00: So everyone should stick to real estate, in my opinion, from day one and still now, yeah?
• 0:34
  SPEAKER_00: The real estate investment with 451 people having their citizenship revoked was not just developers.
• 0:42
  SPEAKER_00: It was the investors themselves sought out a scam where they would pay a certain amount of money in a title deed office and receive lump sum of cash back in that title deed office when a vast amount of investors from certain regions come to us and ask for that type of investment.
• 1:03
  SPEAKER_00: We said to them, that's a very bad move to defraud the government on your first step into your new country of citizenship.
• 1:11
  SPEAKER_00: And we absolutely told everyone not to do it.
• 1:15
  SPEAKER_00: Investors can protect themselves by working with law firms, not with real estate agents, okay?
• 1:21
  SPEAKER_00: So real estate agents are all they want to do is sell you a property, take your money and run away.
• 1:28
  SPEAKER_00: Because in Turkey, unlike most programs, you invest first, you apply after.
• 1:34
  SPEAKER_00: So if you cheat on the investment side, then you're never going to get to the citizenship process side because you cheated on the investment, yeah?
• 1:42
  SPEAKER_00: If you work with reputable law firms, reputable construction companies like GYO in Turkey is a real estate investment trust.
• 1:51
  SPEAKER_00: There's 30 or 31 of them in Turkey.
• 1:54
  SPEAKER_00: If you work with them, their valuation's already in place.
• 1:57
  SPEAKER_00: They have huge corporate governance, but work with a reputable law firm on a reputable project, and you won't get any problems.
• 2:05
  SPEAKER_00: I've never had a refusal on the basis of evaluation.
• 2:09
  SPEAKER_00: I've never ever had that problem.
• 2:11
  SPEAKER_00: Never