Launched in 2018, the Turkey Citizenship by Investment (CBI) program has spent the last few years thriving. This is partly due to Europe’s success with its well-established Residency by Investment (RBI) programs – including popular ones offered by Spain, Portugal, and Greece.
Turkey’s CBI program has carved out its success in the immigration industry by setting itself apart from its counterparts by offering access to both the European and Asian markets, as well as providing the opportunity to obtain well-desired visas to the United Kingdom (UK) and the United States of America (USA).
With this in mind, it’s not difficult to see why high-net-worth individuals are opting to apply for the Turkey CBI program. Under this program, investors can choose to complete one of the various investment options available in exchange for full Turkish citizenship and passport.
In this article, we take a look at the investment options available to applicants, as well as the benefits that accompany Turkish citizenship.
Individuals seeking to obtain Turkish citizenship can choose one of three options as their qualifying investment:
Most applicants to the Turkey CBI program choose to purchase real estate as their qualifying investment.
Applicants must invest at least USD 250,000 in real estate. This can be a single property or multiple properties whose total amounts to the minimum investment figure. However, if the applicant chooses to invest in numerous properties, all holdings must be located in the same neighbourhood.
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The property must be registered on the same day as the purchase date and retained for a holding period of 3 years – during which investors can benefit from rental income and may resell after.
Turkey has a stable real estate market with steady growth in recent years, making it a safe investment and profitable asset to hold – particularly in popular areas like Istanbul.
Also, investors have their pick of property type to invest in – whether it is a villa, apartment or land – the Turkish citizenship program doesn’t have a fixed requirement. There is also no need to take a pre-approval to buy property as the estates are not overvalued.
With this option, the investors need to set up a business and create jobs for at least 50 Turkish citizens and residents. The registered company must be confirmed by the Ministry of Labour and Social Security.
If the investment options mentioned above aren’t for you, in that case, you still have the choice of a capital investment, which can be made in a variety of ways.
The capital investment is at least USD 500,000 to qualify for a Turkish passport. The capital investment is placed in one of the following:
Please note: The qualifying investment is not the only cost charged to investors when applying to the CBI program. In addition to the investment, there are government processing fees, professional fees and other costs associated with all options. When using Savory & Partners as your trusted agent, you will be supplied with a fully itemised quotation with no hidden costs.
Many people have a false notion that obtaining and investing in Turkish citizenship is a difficult and time-consuming process – but it doesn’t have to be when applying for the Turkey CBI program.
Always remember, when applying for any Citizenship by Investment program, be sure to render the services of an accredited and recognised advisor, like Savory & Partners.
When choosing us as your partner on this journey, you can be assured that you are in safe and capable hands. Savory & Partners is a long-standing and well-respected authorised agent that specialises in helping high-net-worth individuals secure citizenship through investment for themselves and their dependents.
The Savory & Partners team is made up of a diverse group of industry experts who span over 15 nationalities, speak over 25 languages collectively, and come with decades of accumulated CBI and RBI industry experience. Our level of expertise and competence, combined with our commitment to serving our clients with the highest level of professionalism and transparency, has led us to aid over 1,100 families obtain a second passport with a 100% success rate. There is no one better positioned and more trustworthy than Savory & Partners when seeking the best results on your quest to secure a better future for yourself and your family.
If you would like to apply for the Turkey Citizenship by Investment Program or would like to learn more, get in contact with us today for a free online consultation and one of our skilled agents will happily aid you in your enquiry.
We are available on every channel convenient for you.
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