Turkey has gained tremendous popularity in the past few years. The reason behind it is not just its rich culture and heritage but also the strategic location. The country is located between Europe and Asia, which makes it healthy in terms of finance, the economy, and politics. Turkey holds an impactful image in the region, thus inviting many foreigners every year. Besides being an attractive tourist destination, Turkey is also a prime investment destination for investors and business personnel. People who are willing to own a passport for more than one country for securing the future of their family or themselves choose Turkey as their land. There are several reasons behind it, including the smooth government policies and easy method of getting turkish citizenship by investment law.
Back in the year 2018, the Turkish Government had launched a program: Turkey Citizenship by Investment. According to his amendment, any foreign investor can get Turkish citizenship and passport issued by the Turkish Government if he/she makes an active investment in the country, in terms of real estate or savings in a state bank. As per the program, any investor can obtain Turkish citizenship and passport if he meets any one of the below-stated conditions:
Once the investment is made, the principal investor, along with his family, can enjoy several benefits which include:
To qualify for turkish citizenship by investment law, the person needs to fit into the criteria mentioned below:
If all of these conditions are met, the principal investor can easily include the dependent children and family members' names. However, they cannot add the name of the dependent parents to the application.
As per the reports, many foreign investors have made Turkey their home with citizenship in a fast few years. The nationalities who got citizenship by investment include Iraq, Afghanistan, Palestine, Egypt, Libya, Lebanon, Federation of Saint Kitts and Nevis, Saudi Arabia, Azerbaijan, Pakistan, Sudan, Russia, Algeria, and the USA. Apart from it, the investors who have acquired Turkish citizenship belong to countries, namely, Germany, Venezuela, Dominican Republic, France, Syria, Belize, Belarus, Poland, Antigua and Barbuda, Australia, United Arab Emirates, Grenada, South Africa, Canada, Union of Comoros and Ukraine.
turkish citizenship by investment law is much favored these days because it allows a willing investor to get hands-on all the country's rights. Also, once he/she becomes a Turkish citizen, they get free access to residence with additional medical and educational benefits. Being a strategically located country, it offers a great ground to aspiring business people to start up afresh and earn in a better way in a secure environment amidst the Middle East's conflicts.
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