Turkey Citizenship by Investment

Turkey Citizenship by Investment Program

Turkey straddles Eastern Europe and Western Asia and is known for its profound cultural heritage influenced by empires that once ruled the region. Istanbul, its largest city, reflects cultural influences of the many empires that once ruled here, including the Ottomans, Byzantines, and Romans. Turkey’s diverse landscapes, from beaches to mountains, coupled with its historical sites and bustling markets, make it a unique and vibrant place to live. The economy is diverse, with strong sectors in manufacturing, agriculture, and tourism, which contribute significantly to its GDP.

Investment Requirements: Turkey offers several options for those looking to obtain citizenship through investment:

  1. Real Estate Investment: Purchase of property valued at least $400,000 USD, which must not be sold for a minimum of three years.
  2. Bank Deposit: Deposit at least $500,000 USD in Turkish banks, under the condition that the amount is not withdrawn for at least three years.
  3. Government Bonds: Purchase of government bonds worth at least $500,000 USD, to be held for three years.
  4. Investment in Business: Making a fixed capital investment of at least $500,000 USD, confirmed by the Ministry of Industry and Technology.
  5. Job Creation: Creating jobs for at least 50 Turkish citizens, confirmed by the Ministry of Family, Labor, and Social Services.

Duration: The processing time for Turkish citizenship by investment program is relatively fast, often within 3 to 6 months from the date of investment, assuming all necessary documents are properly submitted and the investments meet the government’s criteria.

Eligible Family Members: The program allows the inclusion of family members, which typically includes:

  • Spouse of the main applicant.
  • Dependent children under 18 years of age.
  • Dependent children over 18 if they have specific health conditions that make them dependent on their parents.

Benefits: The Turkey Citizenship by Investment program offers several attractive benefits:

  • Visa-free or visa-on-arrival travel to over 110 countries, including Japan, South Korea, and most of Latin America.
  • Strategic location: Positioned as a gateway between Europe, Central Asia, and the Middle East, Turkey offers significant business and cultural opportunities.
  • Dual citizenship is allowed, enabling individuals to maintain their current nationality.
  • Economic opportunities: Access to a large domestic market and a growing economy.
  • Quality of life: Living in Turkey offers access to a vibrant culture, beautiful landscapes, and a relatively low cost of living.

Turkey Citizenship by Investment program is particularly attractive due to its relatively low investment threshold compared to other countries’ programs and its quick processing time, making it a popular choice for investors seeking an expedited path to citizenship and access to a dynamic and strategically located country.

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