Everything you need to know about Turkey Citizenship by Investment Program
The Republic of Turkey is a transcontinental country located in Eurasia, and with its geographical advantage and dozens of other factors, its Citizenship by Investment program has attracted much attention from investors across the globe. Being a member of the United Nations, the IMF, the G-20 group, the World Bank, it is considered as one of the most respected countries worldwide.
With our extensive experience in the Investment Migration Industry, we, at Fincasa Capital, have compiled a list of compelling reasons why should you consider Turkish citizenship as your Plan B.
What makes Turkey an excellent investment?
1- Visa-Free Travel
One of the most critical reasons investors go for second citizenship is the ability to travel across the globe without a Visa. Holding a Turkish passport allows you Visa-free mobility across 112 countries, including Hong Kong, Singapore, Japan, and others. Visa-free travel saves your valuable time of processing visa applications and enables you to travel hassle-free across the globe. If you are also facing travel restrictions and would like to increase your global mobility through investment, connect with one of our agents for a free no-obligation chat today.
2- Economic Parameters
Due to its political stability, demographic structure and great future potential, FDI inflows, including real estate investment, have continued to flow in the country. Over the last ten years, Turkey has attracted USD 14 Billion per year on average. The country is also ranked 33rd among 193 countries in the World Bank’s Ease of Doing Business Index. Turkey’s Human Development Index (HDI) value of 0.806 puts it in the very high human development category. The Turkish economy, ranked 13th largest in the world (in PPP terms), has also been growing at a rapid pace.
Considering all the above Factors, Turkey offers a conducive business environment for your company to grow in a foreign market. If you want to diversify your business in a foreign country, contact one of our knowledgeable consultants for a free non-obligation chat today.
3- Turkey as a route to obtain Citizenship in the USA and UK.
Turkey is also considered a gateway that opens up the possibility for you to obtain citizenship in the USA and the UK alike. Many investors are choosing Turkey Citizenship by Investment program as a way to acquire a US E2 Visa. The USA offers an E2 visa to citizens of its treaty countries, and with Turkey being one of them, it allows its citizens to establish a business in the USA.
Turkey has also signed the Ankara Agreement (ECAA) which permits Turkish citizens to apply for a Visa in the UK, without restrictions on the nature of the business, number of jobs or the profits generated from the market.
4- Family and Future Security
Availing Second Citizenship allows you to secure the future of your children, especially in times of uncertainty. Turkey has an excellent health infrastructure, and it is ranked 28th across the globe in the Health Care Index 2020. The country has a Universal health Insurance system which allows its citizens to get registered with the Social Security Scheme and receive medical treatment free of charge in the hospitals contracted under these Scheme.
Apart from health care amenities, Turkey also offers excellent opportunities for your children to access world-class education in top universities and lets them utilize several university reimbursement plans.
5- Affordability to acquire this citizenship
Turkey is one of the most affordable Citizenship by Investment programs which lets you derive maximum value for your investment. It has caught the attention of international investors as the threshold investment amount is significantly lower as compared to other competitive programs.
The process of applying for Turkish citizenship
Step 1: Execute the necessary Investment transactions.
Step 2: Residency permit will be given on the same day of application to all the family members.
Step 3: Applicants are then required to fill out the Citizenship application
Step 4: In around 3 months, you will obtain your citizenship.
1- Real Estate Investment
Invest in real estate worth at least $250,000, provided that you do not sell your property for the period of 3 years from the date of purchase.
2- Bank Deposit
Deposit at least $500,000 in a Turkish bank, to be kept in the bank for the period of 3 years.
3- Government Bonds
Purchase Government Bonds worth at least $500,000, to be kept a minimum of 3 years.