In dealing with the Covid-19 outbreak, the Turkish government continues to support its people to overcome this period. Accordingly, President Recep Tayyip Erdogan announced new economic support ” NEFES KREDİSİ: Breath credit” to assist various sectors.
At the beginning of this month, applications began for the “breath credit” project. Which was carried out in cooperation with the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), Credit Guarantee Fund (KGF), Ziraat Bank and Deniz Bank.
The “Breath Credit” project is based on the following idea:
The Union of Chambers and Commodity Exchanges (TOBB) deposits the equivalent of 500 million Turkish liras in Ziraat and Deniz Bank. Which will allow using loans worth 5 billion Turkish liras (10 times this amount). Then the role of the Credit Guarantee Fund comes. It will guarantee the small and medium business owners who cannot use loans due to the lack of their guarantees.
Who can benefit from The “Breath Credit”? How much is it? What is the payment plan?
The Turkish SMEs, which are the most affected by the epidemic, will be able to use of 50k, 100k or 150k TL. Depending on the provinces In which it operates and also according to its turnover volume during 2020.
The loan facility will have a 6-month grace period. Moreover, the creditor can repay in 12 instalments-night with low interest (9.90% per year).
They expected that 70.000 SMEs will use the “breath credit” within two months.
It is worth noting that Türkiye has begun to return to its normal life. With the beginning of this month, July, all-night and weekend curfews, which have been in force for months, have been completely cancelledallow use. There will be no restrictions on travel between Turkish cities. Cafes and restaurants are now allowed to receive customers without restrictions.
This came after the Turkish government announced that it had exceeded the 51 million doses of Coronavirus vaccination for its people and residents. As a part of a plan to implement a rapid vaccination schedule. That exceeded the threshold of 1.5 million doses of the Corona vaccine per day.
Grenada Government Simplifies Citizenship Procedures
In an effort to simplify the process of obtaining citizenship, the Government of Grenada, one of the Caribbean islands, is seeking to make the application and follow-up process in two phases instead of one stage only. Therefore, the new procedure will significantly reduce the time taken for transactions.
What is the Turkish Portal (your key Turkey)?
It is an online portal for foreigners, launched by the Turkish Ministry of Environment and Urban Development. It is an easier way to obtain all information and consultations related to Real Estate, Real Estate Registration, and how to obtain Turkish citizenship by investing for foreigners wishing to buy real estate or/and obtain citizenship in Turkey.
NTL AT RAK International Exhibition for SME 2019
In response to a special invitation, NTL company represented by Mr. Imad Elbitar, Nationalities and Citizenship Expert, attended the opening of the (Ras Al Khaimah) RAK International Exhibition for Small and Medium Enterprises SME, followed by a luncheon that brought together many investors, diplomats and managers of participating companies from around the world.
First Day In InvestPro 5th – Dubai
InvestPro conference takes place in Dubai – UAE, at Oberoi Hotel for two days from 13 to 14 November.
NTL, represented by Mr. Imad Elbitar, Nationality and Citizenship Expert, and Regional Director for the Middle East and Turkey, participates in the conference.
Comparison Between Turkey and Caribbean CBI
The second citizenship is considered the pass card to secure a better future for the investor and his family. In this article, we put together a comparison between the most required passports and their advantages.