The Turkish economy delivered a performance that exceeded expectations last year and is forecast to post significant growth this year.
According to the Investment Office of the Presidency of the Turkish Republic, Türkiye has jumped up 10 places and ranked 33rd in the World Bank’s Doing Business 2020 report. It ranked 69th in 2017, 60th in 2018, and 43rd in the 2019 editions of this report.
This remarkable progress is considered an affirmation of Türkiye’s investment potential that attracts foreign investment from different nationalities. The ongoing successful economic reforms to support the inward investment proposition, having unique and strong market fundamentals, being an international hub for key sectors, and benefiting from a modern economy supported by a young and educated population consider the main reasons for successful invest in Türkiye. The citizenship by investment program was also reflected positively, which attracted and invested foreign investments in the Turkish market.
“By further reducing costs and increasing productivity in business life, Türkiye will raise the investment climate in Türkiye to the highest level,” Minister Berat Albayrak said.
“The positive momentum gained in 2019 will further advance this year, we work also on instituting a manufacturing infrastructure that focuses on value-added exports and increased employment. This addresses exports, manufacturing, production and import substitution,” Albayrak explained.
In order to strengthen the Turkish economy, the institutions are working on implementing middle term and long-term policies,” the minister said.
Grenada Government Simplifies Citizenship Procedures
In an effort to simplify the process of obtaining citizenship, the Government of Grenada, one of the Caribbean islands, is seeking to make the application and follow-up process in two phases instead of one stage only. Therefore, the new procedure will significantly reduce the time taken for transactions.
What is the Turkish Portal (your key Turkey)?
It is an online portal for foreigners, launched by the Turkish Ministry of Environment and Urban Development. It is an easier way to obtain all information and consultations related to Real Estate, Real Estate Registration, and how to obtain Turkish citizenship by investing for foreigners wishing to buy real estate or/and obtain citizenship in Turkey.
NTL AT RAK International Exhibition for SME 2019
In response to a special invitation, NTL company represented by Mr. Imad Elbitar, Nationalities and Citizenship Expert, attended the opening of the (Ras Al Khaimah) RAK International Exhibition for Small and Medium Enterprises SME, followed by a luncheon that brought together many investors, diplomats and managers of participating companies from around the world.
First Day In InvestPro 5th – Dubai
InvestPro conference takes place in Dubai – UAE, at Oberoi Hotel for two days from 13 to 14 November.
NTL, represented by Mr. Imad Elbitar, Nationality and Citizenship Expert, and Regional Director for the Middle East and Turkey, participates in the conference.
Comparison Between Turkey and Caribbean CBI
The second citizenship is considered the pass card to secure a better future for the investor and his family. In this article, we put together a comparison between the most required passports and their advantages.