Turkey skillfully combines the flavor of the Middle East with European modernity. In big cities, lifestyle won’t surprise you, but in small towns, you will feel like in an oriental fairy tale.
Turkey is a popular travel destination, and the Turkish market is in high demand among international investors.
The Turkish citizenship for investment program was approved in 2017. In the following five years, the government changed and improved its conditions. Today, Turkey citizenship by investment program is among the most popular options worldwide. The professionals from www.astons.com are ready to help you with all the nuances and procedures if you decide to use this opportunity.
Open up New Opportunities with a Second Citizenship
Turkish citizenship offers endless opportunities for business and personal development:
- Turkey has a thriving economy and a favorable geographic position between Europe and Asia.
- The country has a developed infrastructure and dynamic markets.
- Turkish citizens have visa-free or visa-on-arrival access to over 139 countries, including Japan, South Korea, and Singapore, which simplifies travel for business, study, or tourism.
- Turkey provides personal freedoms and rights’ protection in a stable and democratic environment.
- The investment process is accessible due to the flexible financial environment. You don’t have to open an account in a local bank or prove the source of funds.
- Investors may use cryptocurrencies to complete real estate transactions. This option increases Turkey’s attractiveness as a foreign investment destination.
Investment Options for Getting Turkish Citizenship
There are a few ways to obtain Turkish citizenship. Depending on your goals and capabilities, you can choose one of the proposed offers:
1. Buying real estate in Turkey. You will need to invest a minimum of $400,000 in a residential or commercial real estate property with a mandatory holding period of at least 3 years. The purchase of real estate has its advantages, such as the possibility of a significant increase in the value of real estate over time and the possibility of rental income. After 3 years, you will be able to sell the property and still preserve your citizenship.
2. Investing in government bonds and treasury bills. The minimum investment is $500,000. As this investment is guaranteed by the Turkish government, which ensures stability and security, this is a reliable way to preserve your capital.
3. Obtaining Turkish citizenship through a bank deposit. This option requires depositing $500,000 in a Turkish bank for at least 3 years. Your funds are kept in a safe account, and you can earn the interest, which is suitable for those seeking a safe and stable investment.
4. Investing in a new or existing business. To do this, you will need to invest a minimum of $500,000 in a Turkish business or open a new business that will create a minimum of 50 jobs in accordance with the terms and conditions of the Turkish Citizenship Program. This is an excellent solution for entrepreneurs looking to expand their business in Turkey and contribute to its economic development.
5. Purchasing shares in an investment fund. The minimum investment is $500,000. The investment must be in a mutual fund that is approved by the Turkish government. This option allows you to receive regular income without the need for active management while having access to a diversified portfolio of assets managed by professionals.
The citizenship by investment program is the fastest way to obtain a Turkish passport. This program offers several ways to obtain citizenship, such as investing in real estate, government bonds, business, or treasury bills, making a deposit in a Turkish bank, or participating in a mutual fund by buying shares. The duration of the process is usually 3 to 6 months after the fulfillment of all the program’s requirements. Take your chance.
