Although property investment in Turkey by foreigners has been around for longer, Turkish citizenship by investment has been around since 2016. Any investor who spends $250,000 in the country is eligible for this citizenship, and you won’t have to worry about any other investment you have in your home country. Turkish citizenship by property investment program doesn’t require you to declare any wealth you have back home or anywhere else, and the application process can go through even without your presence.
As an investor, a second passport isn’t the only thing you’ll get when you invest in Turkey’s real estate. You can spend the $250,000 to invest in several properties ranging from modern villas to high-end apartments at the seafront. You could also invest n properties to sub-let, but you must do thorough research because they aren’t usually profitable. You could also get a property to use as your residence or buy and resell them for a profit. There are no stipulations attached to the y of properties you can invest in and how you can use those properties.
What you get from Turkish citizenship by investment
Turkish citizenship by investment process involves a very fast application process. You only have to wait for 2 months, and you’ll get your second passport as a citizen of this country. The best part is that you don’t have to be a resident of Turkey at your application time. You can do everything remotely, and it won’t affect the outcome.
Turkish citizenship by investment also comes with the advantage of fast relocation to specific countries like the US and the UK. Your second passport will make it easier to move back to the States and start a business under the E-2 Investor Visa. A move to the UK will be even easier since you can do so as a Turkish citizen. Other benefits include the possibility of getting dual citizenship and visa-free travels to over 110 countries across the globe.
Turkish citizenship by property investment applies to different generations. You can move with your entire family to Turkey and pass the citizenship to your descendants. If you have children younger than 18 years or a child with disabilities over 18 years, you can move with them to turkey under your citizenship.
Turkey is also known as one of the best countries in the world. The low cost of living and the high quality of life also increase your chance of getting a good investment return on the property. You stand to gain a lot from the investment as well. You’re your personal experiences when you move to Turkey.
Conclusion
Turkish citizenship by investment process also gives you several investment options. Apart from spending $250,000 on real estate property, you could also have a cash investment of at least $500,000 or start a business that employs at least 50 Turkish citizens. The cash investment can be used in fixed-assets, deposited in a bank, left for at least 3 years, or used to buy government bonds for 3 years. With all these options, it’s hard to go wrong with Turkish citizenship by investment program. Just research the properties you intend to buy to avoid dealing with disappointments.
