Turkey has become an increasingly popular destination for investors seeking citizenship by investment programs.
With a strategic location between Europe and Asia, a stable political and economic environment, and a growing tourism industry, Turkey offers numerous benefits for those looking to obtain a second passport.
In this article, we will explore the benefits of the Turkey citizenship by investment program, the costs involved, and why it is worth investing in from both a geopolitical and investment standpoint.
Benefits
One of the key benefits of the Turkey citizenship by investment program is that it allows investors to obtain Turkish citizenship in a relatively short period of time. The program requires a minimum investment of $250,000 in real estate, and after three years of holding the investment, investors can apply for Turkish citizenship.
Another benefit of the program is that it offers visa-free or visa-on-arrival access to over 110 countries, including Japan, Singapore, South Korea, and Brazil. Although it’s not one of the countries with visa-free access to the European Union yet, the country is actively looking to become part of the EU, which makes it an attractive option for those looking for greater travel flexibility and ease of movement.
In addition to visa-free travel, Turkish citizenship offers numerous other benefits, including access to the country’s world-class healthcare system, a favorable tax regime, and the ability to own property and conduct business in Turkey.
Investment costs
The cost of obtaining Turkish citizenship through the investment program is a minimum of $250,000, which must be invested in real estate located in Turkey. The property can be rented out or used for personal use, but it must be held for a minimum of three years in order to be eligible for citizenship.
In addition to the investment, there are also various fees and expenses associated with the application process, such as legal fees, due diligence fees, and government processing fees. These costs can vary depending on the provider you choose and the complexity of your application.
Should you invest in it?
From a geopolitical standpoint, Turkey is a key player in the Middle East and Europe, with strong economic and political ties to both regions. It is also a member of NATO and a candidate for membership in the EU, which highlights its strategic importance and potential for growth.
Furthermore, Turkey is home to a young and growing population, with a large and educated workforce that is increasingly focused on innovation and entrepreneurship. This bodes well for investors looking to tap into the country’s economic potential and take advantage of its favorable business environment.
In terms of investment returns, the Turkish real estate market has historically performed well, with steady growth in property values and rental income. This, combined with the favorable tax regime for foreign investors, makes Turkey an attractive option for those looking to invest in property and generate rental income.
Final thoughts
Turkey citizenship by investment program offers numerous benefits for investors seeking a second passport in a strategically important country with a growing economy and favorable business environment. While the program requires a minimum investment of $250,000, the potential returns on investment, as well as the visa-free travel and other benefits associated with Turkish citizenship, make it a compelling option for many investors.
It is important to work with a reputable provider to ensure that you are meeting all legal and regulatory requirements, as well as to navigate the complex application process.
With careful planning and due diligence, investing in Turkish citizenship can be a smart and rewarding move for investors looking to expand their horizons and tap into the potential of this dynamic and growing country.