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Turkey
Country Profile Summary | |
Capital | Ankara |
Population | 84.34 million (2020) |
Area | 783,562 square kilometer |
Official Languages | Turkish |
Major Religion | Islam |
Form of Government | Presidential System, Parliamentary Republic |
Currency | Turkish Lira |
Exchange Rate | 1 TRY = 0.073 USD |
Global Access | 115 countries |
Country Profile
A secular state with a majority of Muslim population, Turkey is a transcontinental country. Currently the 20th largest economy in the world, it is one of the Emerging 7 countries, with a promise of further economic growth and prosperity for those looking to invest in the country.
The flow of immigration towards Turkey has increased in recent years because of its lucrative investment program and the myriads of facilities available for the settling families in terms of education, healthcare and quality of life. Various other factors such as the GDP, GNI, employment rate and the happiness index also reflect that compared to the other countries of the world, Turkey offers much better opportunities.
Turkey Citizenship by Investment Program
Overview | |
Investment type | Property purchase |
Minimum cost | 3,452,075 TRY/250,000USD |
Retention of property | 3 years |
Family members allowed | Spouse and children under 18 |
Time to citizenship | 4 – 6 months for applying for citizenship |
Real-estate Purchase
Investors looking to secure their resources can invest by buying real-estate in Turkey. The investor is required to keep the property for a minimum period of three years, during which time he will be able to receive the proceeds from the property.
This is one of the easiest way to acquire citizenship in Turkey, since the investment also starts yielding profit and allows the investor to gain citizenship without staying or visiting the country.
Investment in Business
Overview | |
Investment type | Capital investment |
Minimum cost | 6,923,300TRY/500,000USD |
Retention of property | 3 years |
Family members allowed | Spouse and children under 18 |
Time to citizenship | 4 – 6 months for applying for citizenship |
While the investment in this stream is higher, the returns are also promised to be higher since the investment is being made in business ventures, primarily. An individual can choose one of the following options to acquire citizenship in Turkey as well.
- Invest a minimum of USD 500,000 fixed capital contribution
- Deposit at least USD 500,000 or equivalent foreign currency or Turkish lira into a Turkish bank account
- Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into government bonds
- Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into real estate investment fund share or venture capital investment fund share
Apart from the above, an investor can acquire citizenship by establishing a business in Turkey, where he is able to create jobs for 50 individuals. That particular condition will also require an attestation by Turkish Ministry of Family, Laboure and Social Services.
An individual can choose his mode of investment and consequent acquisition of Turkish Citizenship from the above mentioned methods. All of these methods facilitate a return on investment (ROI) which is much better than most conventional investment opportunities.