Turkey is country with an unparalleled history when it comes to the shaping of global trade and culture between Europe, the Middle East, and Asia. Turkey is a modern country with the resolution and know-how of an ancient civilization, and that blend makes it perfect for investment, as well as citizenship options that provide asset-growing opportunities long-term. Turkey鈥檚 current economy is growing fast, and the government is making a big push to include foreign investments in their growth strategies.
Here鈥檚 why we think you should choose Turkey for your citizenship by investment needs
As an international market, there are few countries as diverse as Turkey. It has a population of around 80 million people, and spans two continents, including key ports on the Mediterranean sea. It is geographically unique, and allows for a number of trade possibilities that even the most advanced nations aren鈥檛 capable of reproducing. For the citizenship by investment program, Turkey has a 3-week turnaround for residency, with full approval coming within six months.
You do not need to relinquish your current citizenship (dual citizenship accepted), nor are there any language requirements or obligations to have physical residency in the country. Turkey is listed amongst the top 10 largest economies in the world, with heavy industry, tourism, and finance as tested viable options for investment. With Turkish citizenship you can travel to 116 countries without a visa, and build a business hub around Istanbul, considered the 鈥渃rossroads of the world鈥 for business and trade by many. The main applicant for citizenship by visa can also include a spouse or dependent children that are under the age of 18.
How to qualify for citizenship by investment in Turkey
In order to qualify for citizenship by investment in Turkey, you must meet the following criteria:
- Have a valid passport or other authorized foreign travel document.
- Prove that you have no criminal record.
- Submit your documents and other requisites to authorities for a due diligence check and background verification. This includes transparency about the source of funds that will be used to make the qualifying investment.
Types of investment that qualify you in Turkey鈥檚
The main focus of Turkey鈥檚 citizenship by investment type is real estate. Applicants must invest into a certified (by government) real estate project at a minimum amount of $250,000. This investment must remain in the applicant鈥檚 holding for at least 3 years thereafter.
Any real estate investment will be partnered with processing fees that cover local legal representation, advisory, and clerical processing. The fee breakdown for this is as follows:
- $7,400 for the principle applicant.
- $500 for the principle applicant鈥檚 spouse.
- $500 for each depended up to 18 years of age.