{"id":36237,"date":"2021-05-21T07:30:32","date_gmt":"2021-05-21T03:30:32","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=36237"},"modified":"2021-05-21T07:57:37","modified_gmt":"2021-05-21T03:57:37","slug":"how-can-i-invest-in-turkish-citizenship-investment-options-benefits-of-a-second-passport","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/how-can-i-invest-in-turkish-citizenship-investment-options-benefits-of-a-second-passport\/","title":{"rendered":"How Can I Invest in Turkish Citizenship? \u2013 Investment Options & Benefits of a Second Passport"},"content":{"rendered":"

Launched in\u00a02018, the\u00a0<\/span>Turkey Citizenship by Investment<\/span><\/a>\u00a0(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 \u2013 including popular ones offered by Spain<\/a>, Portugal<\/a>, and Greece<\/a>.\u00a0<\/span><\/p>\n

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<\/a> (UK) and the United States of America<\/a> (USA).\u00a0\u00a0<\/span><\/p>\n

With this in mind, it\u2019s 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.<\/span><\/p>\n

In this article, we\u00a0take a look\u00a0at the investment options available to applicants, as well as the benefits that accompany Turkish citizenship.\u00a0<\/span><\/p>\n

How Can You Invest In Turkish Citizenship?<\/b>\u00a0<\/span><\/em><\/h3>\n

Individuals seeking to obtain Turkish citizenship can choose one of three options as their qualifying investment:\u00a0<\/span><\/p>\n

1. Real Estate Investment<\/b>\u00a0<\/span><\/h4>\n

Most applicants to the Turkey CBI program choose to purchase real estate as their qualifying investment.<\/p>\n

Applicants must invest at least USD 250,000\u00a0<\/b>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.<\/p>\n

Related Article: Grenada Citizenship by Investment – A Second Passport at an Affordable Cost<\/a><\/em><\/p>\n

The property must be registered on the same day as the purchase date and retained for a holding period of 3 years \u2013 during which investors can benefit from rental income and may resell after.<\/p>\n

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Foreign investors who buy real estate in Turkey and their families can become Turkish citizens with their investment.<\/p><\/div>\n

Turkey has a stable real estate market with steady growth in recent years, making it a safe investment and profitable asset to hold \u2013 particularly in popular areas like Istanbul.\u00a0<\/span><\/p>\n

Also, investors have their pick of property type to invest in \u2013 whether it is a villa, apartment or land \u2013 the Turkish citizenship program<\/a> doesn’t have a fixed requirement. There is also no need to take a pre-approval to buy property as the estates are not <\/span>overvalued<\/span>.\u00a0\u00a0<\/span><\/p>\n

2.<\/strong> <\/span>Job Creation<\/b>\u00a0<\/span><\/h4>\n

With this option, the investors need to set up a business and create jobs for\u00a0<\/span>at least 50 Turkish citizens and residents<\/b>. The registered company must be confirmed by the Ministry of Labour and Social Security.\u00a0<\/span>
\n<\/span><\/p>\n

3. Capital Investment<\/b>\u00a0<\/span><\/h4>\n

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.<\/span><\/p>\n

\u00a0 You Might Also Like: Take Advantage of St. Kitts & Nevis Citizenship by Investment Limited Time Offer Before it\u2019s Gone for Good<\/span><\/a><\/em><\/p>\n

The capital investment is\u00a0<\/span>at least USD 500,000\u00a0<\/b>to qualify for a Turkish passport. The capital investment is placed in one of the following:<\/span>
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