Turkey announced its citizenship by investment policies in 2016. The policy states that any applicant who invests either in real estate or a bank deposit will be granted residency, citizenship, and a passport. There are six different ways to get a citizenship, turkey citizenship by investment being the simplest way. Want to acquire Turkish citizenship? Let's discuss the process.
turkish citizenship by investment program provides the following services to investors.
Turkey, as a country, faced severe brutalities of terror attacks. Some major ones took place in 2016, also targeting the tourists. The ISIS and the Kurdish rebels were to blame for the damage that shook the entire country. Post these major crashes, Turkey witnessed a steady decline in the economy, and tourism came to a halt. The country's account deficit stood at $34 million. According to President Erdogan, approximately 2 million homes were unsold in the market.
The president shouldering the responsibility of the State couldn't afford that. At this point, many plots were sold to people from the Middle East who had immense wealth but average passports. They began the program of offering citizenship to people who invested in their State to recover from the recurrent losses.
The Middle East people were already looking for investments in properties and lands. Being offered the opportunity to invest in Turkey attracted huge investors because of Turkey's different positive facets.
The initial investment program started with- real estate purchase of at least $1 million with an investment of a minimum of $3 million. This became a golden opportunity for the Arabs.
Other than acquiring turkey citizenship by investment, there are other methods to acquire citizenship. Acquiring citizenship by investment tops the list of the available methods. The other two are creating jobs and coming to the State for work purposes. Making a capital investment is another method to gain citizenship. Deposit a sum of $500,000 in a Turkish bank and avail Turkish citizenship and other services. Turkey offers multiple opportunities for investors to gain Turkish citizenship conveniently.
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