Turkey has undergone incredible development in all the major sectors. With a fast-progressing economy, Turkey has always been famous for its tourism due to its beautiful terrain and natural resorts. However, this country has also gained fame amongst Europeans and Americans as a preferred destination to buy properties and settle in. The major reason for this is the Turkish Citizenship by Investment Program, initiated by the Turkish government.
Continue reading this blog to learn about this program and how you can benefit from it.
What is the Turkish Citizenship by Investment Program?
The government of Turkey launched the Turkish Citizenship by Investment Program to drive higher investments into the country and aid in the development of the Turkish real estate market.
Turkey is a country that spreads across Europe and Asia, giving it the advantage of having a unique location. Foreigners who invest in this country can open gateways to countless business opportunities in the two continents and beyond.
Foreigners can select any of the requirements below to acquire Turkish Citizenship via investment and also gain citizenship for their spouse and children who are under 18:
- Obtain property worth 400,000 USD or more.
- Foreign investors can choose to make a fixed capital investment of no less than 500,000 USD.
- Make a deposit of a minimum of 500,000 USD in a Turkish bank account.
- Fund a minimum of 500,000 USD in government bonds.
- Fund a minimum of 500,000 USD into the shares of a venture capital investment fund or a real estate investment fund for at least three years.
- Fund at least 500,000 USD in a private pension system and hold it for a minimum of three years.
- Generate a minimum of 50 jobs for locals.
Why You Should Acquire Turkish Citizenship
Foreign investors can reap a myriad of benefits by obtaining Turkish Citizenship. We are mentioning some of them below:
Permanent Residence
You can have the chance to permanently reside in Turkey and be entitled to the same rights as the locals. In addition, your spouse and minor children will also be eligible to apply for Turkish citizenship.
Acquire Employment
You can get the opportunity to get employed in private and public offices in Turkey without requiring a work permit.
Explore Turkey’s Beauty
Turkey has beautiful coastal towns, mountainous regions, historical locations, palaces, etc. Obtaining Turkish Citizenship can allow foreigners to experience all this beauty.
Benefit from High-quality Healthcare
Turkey has also excelled massively in the medical field and possesses outstanding hospitals that offer first-class care and treatment to patients. The quality of medical services in Turkey surpasses that of even the US.
Once foreigners obtain Turkish Citizenship, they can get the best medical services from skilled doctors.
Top-notch Educational Institutions
Foreign nationals who have acquired citizenship can access free and quality education in the local schools of Turkey. The colleges are also highly-equipped and offer the finest education. Moreover, Turkish universities have high rankings worldwide and receive international students from all over the world.
Becoming a Turkish citizen can also allow foreigners to qualify for academic loans. In addition, Turkey also has many private educational institutions that teach international curriculums.
Create Business Ties
With a reliable and robust economy, Turkey is an excellent option for foreigners who seek to reside in a country where they can enhance their business connections and access a larger market. Surrounded by Asia, the Middle East and Europe, Turkey offers foreign nationals the amazing opportunity to expand their commercial activity.
Apply for an E-2 Investor Visa
Acquiring Turkish Citizenship makes obtaining an E-2 investor visa an entirely smooth process. Due to the agreement between Turkey and the United States, Turkish citizens are eligible for the E-2 investor visa if they want to make a considerable investment in the United States.
Get the Chance to Have Dual Citizenship
Having dual citizenship for foreigners is possible while being a Turkish citizen since Turkey allows it.
Travel Visa-free
Foreign investors with Turkish citizenship and passport can have the perks of travelling to 50+ countries without a visa and travel to many destinations with visa-on-arrival.
Modern Projects
Turkey has seen a sharp rise in the development of modern residential and commercial projects at prices much lower than in European countries, making this country a paradise for foreign real estate investors.
Arabs and Europeans prefer the Turkish coastal towns to buy holiday homes and villas due to the warm climate. Major cities of Turkey, such as Istanbul and Ankara, are preferred by those who want to stay close to all the commercial activities and still enjoy nature by investing in the many beachfront and forest-view properties.
All-in-all, the process of acquiring Turkish citizenship through investment is a quick and simple one. Applicants can receive their citizenship only a few months after they have applied. Prime Property Turkey can help you in the process of acquiring Turkish citizenship through property investment.
