Any person who is interested in becoming a Turkish resident will be able to take a look at the Turkey citizenship by investment program. This is a straightforward and convenient path available for anyone to move into Turkey and experience all the benefits that come along with a Turkish passport.
The Turkey citizenship by investment program was launched back in the year 2017. At that time, there was a rule, where a person had to invest $1 million to obtain citizenship in the country. However, there weren’t too many takers for this. As a result, the government of Turkey decided to reduce that up to $250,000 back in the year 2019. As a result, it has become easy for any person to apply and become a citizen in Turkey with minimum struggles.
Rules of Turkey citizenship by investment program
The rules of Turkey citizenship by investment program are simple and straightforward. You just need to provide proof, stating that you will be able to invest in one of the investment opportunities available in the country. Based on that, you can submit your application and become a citizen. The process is simple and straightforward as such. Hence, any interested person can think about going forward with it.
Different investment opportunities available
There are three different investment opportunities available for you to pick and go ahead with obtaining your Turkish passport. They are as follows:
- Purchasing a property in Turkey
If you can purchase a property in Turkey that matches with criteria, you will be able to become a Turkish citizen. You just need to make sure that you are investing $250,000 to purchase your property in Turkey. There are no any other restriction. You can purchase a land, apartment, or a house. You just need to take a look at the different property options and settle down with something that makes financial sense to you.
- Creating jobs in Turkey
If you have the potential to start a company in Turkey, you will be able to get your citizenship. You need to make sure that you open a company and create job opportunities to at least 50 people in the country. Then you will be provided with the Turkish passport.
- Making a capital investment
If you don’t want to go ahead with real estate investments, you can do a capital investment and get your citizenship. In here, you will need to make sure that you do an investment of at least $500,000 to get your passport.
What is the best option out of these?
As you can see, there are three different investment paths available for you to follow and get your Turkish passport. It is up to you to take a look at these different paths and pick the best one out of them as per your requirements. In the meantime, you should also take a look at the capabilities you have and the preferences you have.
It is better if you can seek the assistance of an expert consultant and figure out the best path. Even though most of the people purchase properties in Turkey for obtaining their Turkish passport, that might not be the best option available for you to consider. Hence, you will need to go for a one on one session with a consultant and figure out the best path available for you to follow. Once you select that path, you just need to stick to it and you will be provided with all the support by the consultant to get your Turkish passport.