Turkey is a significant transcontinental country that is strategically located and surrounded by three seas. Turkey’s position as a substantial tourist destination allows connectivity with important markets via solid transportation links. Although Ankara is the country’s capital, Istanbul is its biggest metropolis and its primary commercial and cultural hub. This program allows investors to obtain access to both European and Asian markets while also gaining lifelong citizenship in a country negotiating full EU membership.
Turkish Citizenship by Online Investment
The Turkey Citizenship by Investment Program was first started in January 2017 to attract foreign direct investment and growth in the country’s real estate industry. This remarkable program allows candidates to select from various economic contributions to Turkish society, therefore helping to strengthen the country’s economy. Investing in Turkey is now trendy and beneficial in terms of many purposes.
Requirements of the Program
To be eligible for citizenship, the primary applicant must meet one of the following investment requirements:
Purchase at least USD 400,000 in real estate.
Invest a minimum of USD 500,000 in fixed capital.
Deposit at least USD 500,000, or the equivalent in foreign cash or Turkish lira, into a Turkish bank account.
Invest at least USD 500,000 in government bonds, or the equivalent in foreign currency or Turkish lira.
Invest at least USD 500,000 (or comparable foreign currency or Turkish lira) in a real estate or venture capital investment fund.
Create at least 50 employments, as certified by the Ministry of Family, Labor, and Social Services.
Benefits of Turkish Passport
The Turkish Passport is issued within 3 to 4 months of enrolling in the Turkey Citizenship by Investment program. Following that, you will be allowed to travel visa-free to over 110 countries with your Turkish passport. It would help if you made the requisite cost to receive a Turkey Passport, but there are no travel or residency requirements. You will have a Turkish passport and citizenship for the rest of your life. You may pass them down to future generations through descent, allowing all family members to enjoy all of the benefits listed above.
