Turkey Citizenship by Investment
A gripping mixture of unusual and memorable, Turkey is much more than a bridge connecting East and West. The country blends impact from the Mediterranean, Central Asia, the Middle East, and the Balkans. Today’s modern Turkey is the establishment of one man — Kemal Atatürk. He reclaimed the state from the remains of the Ottoman Empire and named it as a contemporary nation.
A large part of Turkey’s charm lies in its architectural landmarks, impressive classical cities and fortresses located on the hilltops. Additionally, it possesses elegant Islamic headstones and fascinating city bazaars among well-known chain stores and shopping malls.
With a population of 81million people, Turkey is a popular destination for leisure and business purposes. The country’s performance over the decades has brought macroeconomic stability and increased employment and income.
The New Turkish Citizenship by Investment Program
As per the new regulations published in the Official Gazette on September 18, 2018, foreigners who meet any of the below conditions may be eligible for Turkish citizenship. subject to the decision of the President of the Republic of Turkey:
1· Proven by the Ministry of Industry and Technology to have made a minimum fixed capital investment of USD 500,000 or equivalent foreign currency or Turkish lira.
2· Proven by the Ministry of Environment and Urbanization to have acquired a real estate worth a minimum of USD 250,000 or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years.
3· Proven by the Ministry of Family, Labor and Social Services to have created jobs for at least 50 people.
4· Proven by the Banking Regulation and Supervision Agency to have deposited at least USD 500,000 or equivalent foreign currency or Turkish lira in banks operating in Turkey with the condition of not to withdraw for at least three years.
5· Proven by the Ministry of Treasury and Finance to have bought at least USD 500,000 or equivalent foreign currency or Turkish lira worth of government bonds with the condition that they cannot be sold for at least three years.
6· Proven by the Capital Markets Board of Turkey to have bought at least USD 500,000 or equivalent foreign currency or Turkish lira worth of real estate investment fund share or venture capital investment fund share with the condition that they cannot be sold for at least three years.
Anyone considering Citizenship by Investment Program would be those doing residence permits in Turkey. Turkey serves as a safe haven for those who come from different backgrounds such as less moderate Muslim countries and non-free financial systems.
When you checked with the Passport Index results of 2019, Turkey has better position compared to Saudi Arabia, Qatar, Kuwait, Oman, Jordan, Lebanon, Iraq, Syria, Iran, Eygpt, India, Pakistan, and several others. I believe investors from those nations will enjoy the program.
To learn more about the program and its overall details, please follow the link of Easy Turkish Citizenship and Passport by Investment to get free information on application processes. You can also contact us @ Turkish Passport Service by Grow in EMEA Investment Advisory