Turkey is a country of constant recreation, tourism business, and it is halfway towards membership in the European Union. Its excellent location on the border of two “universes” of Europe and Asia has made the country popular among different categories of entrepreneurs. The preparation of the investment program helped the state to attract even more attention.
Many people aspire to get a share of foreign capital, but not everyone succeeds. The desire to develop the economy has led to the creation of Turkish citizenship by investment, which is advantageous with its benefits and variety of options. Immigrant Invest experts help ensure that the required information is available.
Overview of Turkey’s Citizenship by Investment Program
Turkey managed to create its own program to attract funds in 2016. The size of investments has already changed several times, due to which supply and demand has increased. Now foreigners need to invest 400 thousand dollars to obtain official status in the country.
Immigrants are offered several ways to invest. Regardless of the option chosen, applicants retain the right to include family members in the application. The entry size is increasing, but interest in Turkey’s citizenship by investment program continues to grow. Now, the country receives an annual income of 250 thousand dollars.
Investor immigration is not a problem. Uncomplicated requirements, a favorable atmosphere, and fast processing of applications allow foreigners to simplify the procedure. In addition, the program consists of several offers to choose from, taking into account the interests.
Investment Options for Obtaining Turkish Citizenship
Participation in the citizenship program is possible in five ways. The cost varies depending on the conditions chosen. The investor chooses between:
- the purchase of property valued at $400,000 or more;
- investing in a business of $500,000 or more;
- making a bank deposit (from 500 thousand dollars);
- by purchasing bonds of $500,000 or more;
- a contribution to an investment fund (from $500,000).
The period of ownership is five years, and the number of purchases and locations are unimportant. Capital can be withdrawn after three years, if you consider other investment options. Economic predictability and return on investment are not the only reasons to apply.
Reason 1: Visa-Free Travel and Global Mobility
It is worth considering the main reasons to get Turkish citizenship from the point of view of traveling. Permanent residents enjoy a visa-free regime as the country has treaties with members of the European Union. This means that it is not necessary to apply for a visa. The documents are processed upon arrival.
Wealthy immigrants get the opportunity to travel to many countries. In this way, expanding business and scaling up work is possible. One can use this option as soon as one obtains official citizenship status.
Reason 2: Favorable Real Estate Market
According to the expert Vladlena Baranova‘s preliminary estimates, real estate prices are increasing yearly. On average, the cost increases by 15-25%. This is due to the fact that the country is popular among tourists who are actively looking for affordable apartments for rent during the holidays. This reduces the payback period of investments to a minimum (from 2 years).
Reason 3: Dual Citizenship Opportunity
The affordable cost of living in Turkey makes it possible to plan a move together with a family. Since renunciation of the first passport is not obligatory, immigrants remain full members of their native country and Turkey. Investors avoid double taxation and receive additional benefits.
Reason 4: Profitable Investment
The peculiarity of the investment program in Turkey is that there are several options to choose from. Regardless of the final decision, the investor gets the opportunity to return the spent capital in a limited time. This is facilitated by soft conditions for foreigners, five ways of investing, and the country’s reputation in the international arena.
Reason 5: High Social and Healthcare Services
Other features of life also motivate the choice of a relocation program. Foreigners enjoy the rights of permanent residents and receive the required assistance from the state. This means that immigrants can:
- get qualified medical care;
- get an education at the best universities;
- become part of modern society.
Unlimited Turkish investment opportunities and a high standard of living lure wealthy entrepreneurs. The processing time is no more than half a year, and the support of accredited agents simplifies the process.
The favorable atmosphere and investment opportunities contribute to the strengthening of Turkey’s position at the international level. The reputation of a stable and safe country is unquestionable. The favorable location affects the situation, so many entrepreneurs are interested in continuing the program. The agency offers to get recommendations and take a chance. Qualified staff provides support at every stage of naturalization.
Barry Lachey is a Professional Editor at Zobuz. Previously He has also worked for Moxly Sports and Network Resources “Joe Joe.” he is a graduate of the Kings College at the University of Thames Valley London. You can reach Barry via email or by phone.