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Description

Quick facts
Population 80,810,525
Total Area 783,562 square kilometers
Language Turkish
Independence Year 1453
Capital Ankara
Currency Turkish Lira
GDP 800,000,000,000 (2014 data)
RELIGION Muslim 96%. Other (Jewish, Orthodox, Catholic and Protestant): 4%
Neighboring
Countries
IraqGeorgiaSyriaIranArmeniaAzerbaijanGreeceBulgaria

Introduction:

Why to choose Turkey?

Being located in the Eastern Mediterranean region and surrounded on three sides by temperate seas, all of these features make Turkey one of the most attractive countries in the world. Meanwhile, Turkey has developed dramatically in the last fourteen years in many fields. Besides, it also enjoys a unique geographical location combined with a rich and diverse history. What makes Turkey very attractive for residence is that according to Turkey’s property law, foreign homebuyers and investors are now free to purchase any property in Turkey.

In May 2017, the Turkish government introduced a landmark citizenship programme to promote foreign investment. The programme offers foreign nationals who buy real estate or bring capital over certain thresholds the eligibility to acquire Turkish citizenship. The most striking feature of the programme is that investors do not have to live in Turkey to acquire the citizenship. In September 2018, the investment thresholds were substantially lowered by the government, making it by far the most attractive citizenship programme in the world.

Many of the elements of great state are gathering in Turkey. Starting with the location between two continents and bordering countries, the diverse in weather which has three main climate regions: Mediterranean climate, Continental climate and the Black sea climate, and the power of industry where Turkey is an industrial and export country.

Location:

It is located in a region of the Balkans, Caucasus, Middle East, and eastern Mediterranean. It is one of the larger countries of the region in terms of territory and population.

Whereas Most of the country situated at Asia part, comprising the peninsula of Asia Minor which known as Anatolia, and in the east, part of a mountainous region sometimes known as the Armenian Highland. The remainder of Turkish lies in the extreme southeastern part of Europe, a tiny remnant of an empire that once extended over much of the Balkans.

Turkey shares land borders with 8 countries: Greece, Bulgaria, Syrian Arab republic, Iraq, Iran, Armenia, Azerbaijan, and Georgia. Turkey is bounded on the north by the Black Sea, on the northeast by Georgia and Armenia, on the east by Azerbaijan and Iran, on the southeast by Iraq and Syria, on the southwest and west by the Mediterranean Sea and the Aegean Sea, and on the northwest by Greece and Bulgaria. The capital is Ankara, and its largest city and seaport is Istanbul.

Weather:

Turkey features a variety of climates, earning the country the nickname ‘the land of four seasons’, and every region has climate differs from other region like the following:

Marmara, Aegean, and Mediterranean coasts:

These coastal regions have a typical Mediterranean climate with hot summers and mild winters. The swimming season becomes shorter the further north one goes: South Aegean and Mediterranean April to October.

Black Sea Coast:

Temperate climate with warm summers, mild winters, and relatively high rainfall.

Central Turkey:

These areas have a steppe climate with hot, dry summers, cold winters.

Eastern Turkey:

Long snowy, cold winters with mild summers.

Southeast Turkey:

These are as have a hot summer with mild, rainy winters.

The months (April, May, September and October) are pleasantly warm so are typically the best times to visit open locations in Turkey either the ancient or the natural. The summer months from June through to September are very hot, with temperatures reaching the mid-30°Cs on the south coast.

Benefits of Turkish citizenship program:

BECOME CITIZEN WITH YOUR FAMILY:

Your spouse and children under 18 years old can acquire citizenship together with you at the same time.

EDUCATION: Enjoy world-class free education.

– NO REQUIRE TO BE PERMANENT RESIDENT:

It is not necessary you have been lived in Turkey to get the citizenship you can live abroad and apply for citizenship once you get the permit Turkish residence.

– OBTAIN TURKEY CITIZENSHIP AND SECOND PASSPORT IN SHORT TIME:

Obtain Turkey Citizenship and second passport in 6 months approximately.

– DUAL NATIONALITY:

Turkey allows dual nationality and maintains first Passport of your original country.

– EASY TO RENEW: You can renew your Turkish passport for life.

– REPATRIATE YOUR INVESTMENT:

After holding your investment for 3 years, you can cash out your investment and repatriate the funds along with its proceeds (i.e. rental income, interest etc.) free of exchange control restrictions.

– ECONOMY: Turkey has the 17th largest economy in the world

– REAL ESTATE: Turkey’s real estate market had a 20% increase in the transactions in 2018

OWNERSHIP OF ONE OF THE TOP 30 PASSPORTS IN THE WORLD.

– YOU ARE NOT REQUIRED TO DECLARE YOUR ASSETS OR INCOME.

The Features of Turkish passport:

Good visa – free travel:

Currently, Turkish citizens can travel to 102 countries without the need to follow a cumbersome visa application process. Vast majority of these countries allow Turkish citizens to stay 30 to 90 days without any visa requirement while some countries grant visas upon arrival or issue electronic visas upon online application.

The Visa Liberalization Dialogue, the aim of which is to grant Turkish citizens visa-free travel right to Schengen countries, between Turkey and the EU was launched in 2013. Once achieved, further 26 European countries will be added to the list of 102 countries where Turkish citizens can already travel freely.

  • Americas, and Africa (like Hong Kong, Japan, South Korea,Singapore, Brazil, etc) without the need to follow visa application process.

Application criteria

In addition to making a financial investment, applicants must also meet the following requirements:

  • Non Turkish citizen.
  • Valid passport or another substitute foreign.
  • Travel document;
  • Personal net worth greater than 250.000$ is required by banks for the financed investment option or real estate purchase option.
  • Documents supporting the source Proof that the applicant has no criminal record.
  • Attest the Power of Attorneys and the Investment Agreement;
  • Payment of application fees.

Benefits of the program:

  • Fast process to residency (six to nine months);
  • Fast-track option allowing for citizenship within 6 months.
  • Guaranteed investment and available Financing option;
  • No language requirements for residence or citizenship;
  • No obligation to relinquish current nationality.
  • Lowest tax rates and free trade environment.

Economic citizenship:

When political and society instability in your own country can:

  • Make obtaining travel visas difficult, or
  • Affect your freedom to work, or
  • affect your ability to purchase real estate, or
  • Limit investments opportunities,
  • Subject you to punitive tax burdens or currency controls, or
  • Your current passport makes you a target for hostile groups when traveling abroad, a second passport can provide peace of mind in a sea of insecurity.

Through a programme of Citizenship by Investment, it is possible to legally purchase a second passport; provided you can meet certain qualifications and pass a background check.

The Turkish citizenship investment program gives you several choices to obtain the Turkish citizenship that you can choose the most appropriate to you from the following:

  • Buy a real estate worth $ 250,000 with a deed restriction not able to sell for 3 years.
  • Deposit $ 500,000 cash in Turkish banks with a condition not to withdraw for 3 years.
  • Buy government bonds worth $ 500,000 with a condition not to sell for 3 years.
  • Buy shares worth $ 500,000 in Turkish REITs or VCTs with a condition not to sell for 3 years.
  • Deposit of 500 thousand US dollars in one of the Turkish banks.
  • Stock purchase valued 500 thousand US dollars in real estate investment funds or venture capital.
  • Establish / purchase a company with a capital 500 thousand US dollars.
  • Employing fifty Turkish workers.

THERE ARE 4 MAIN STEPS TO GET THE TURKISH CITIZENSHIP BY INVESTING:

1- OPEN A BANK ACCOUNTO: penning a bank account in one of the Turkish banks by the name of the investor.

2. MAKING THE RIGHT INVESTMENT: Execute the necessary investment transactions (i.e. real estate title deed transfer, cash deposit, government bond/share purchase etc.).

3. APPLY FOR A RESIDENCE PERMIT: Applicants are required to hold a valid residence permit at the time of citizenship application. Nevertheless, permit holders can continue to live abroad as long as they wish.

4. APPLY FOR CITIZENSHIP: You can immediately apply for citizenship once your residence permit is ranted. No physical presence or interview is required during the application process

 

TWO OPTIONS FOR CITIZENSHIP

The citizenship industry was created recently by new rules that allow the foreigners to qualify obtaining the Turkish citizenship if they implement one of a series of criteria. In order to qualify for Turkish Citizenship programme, it has been put a different standard and criteria allows the investor to choose the appropriate one for his situation.

On other hand, the amount of required fixed capital investment was reduced to $500,000 from $2 million and the size of bank deposits was cut to $500,000 from $3 million.

Turkey has introduced measures to tackle the slowdown in housing market including lowering mortgage loan rates by state-lenders and discounts by well-known property construction firms.

REAL ESTATE OPTION

Tourism is a fuel for the county’s economy, and in a move to increase tourism related development. The Citizenship by Investment programme allows purchasing real estate in approved developments.

Turkey has depressed the financial and investment criteria for foreigners through buying property valued 250 thousand US dollars to become Turkish citizens in a step expected to double annual property investment by foreigners. The reduction of the minimum limit to invest for citizenship is expected to double property sales and bring in cash which would otherwise be invested in other countries

According to official data, Foreigners have purchased $4.6 billion worth of properties last year, and property purchases by foreigners were up around 130 percent, focused mainly in Istanbul and holiday destination Antalya.

Process of obtaining the Turkish citizenship through real estate investment:

 

  1. The Investor enters into Real Estate Purchase / Sale Agreement with the approved real estate development and the NTL agreement.
  2. The investor transfer full investment amount and associated fees to an escrow account controlled by an on-island attorney.
  3. The applications and required documents are submitted.
  4. Government approval received, followed by the issue of CBI naturalization certificate.
  5. Passport application submitted and passport distributed.

HISTORY & GOVERNMENT

Turkey (also known as ANATOLIA) is a convergence point for Asian and European continents. It is one of the magnificent countries where has fascinating history of many civilizations have flourished since 7500 BC.

Turkey was a home of different ancient states because of the importance of location and the fertile land. Many of civilization controlled Turkey; the Hittites, Persians, Macedonians, Romans, Byzantines to the Ottomans which have left behind them superb architectural, archaeological and historical heritage a proof of the power and civilization of the country.

Turkey is considering as the 37th largest nation in the world with a total area of 783,562 square kilometers. Turkey was founded as a distinct and original nation in 1453. The population of Turkey is in 2018 is about 81.92 million people.

The Ottoman Empire

The Ottoman rule began in Turkey by virtue of the Osman I who established the great Empire continued until 1326, and then his son Orkhan expanded the areas of state power to both Izmir and Nekia, where the Ottoman Empire flourished and expanded significantly to the Balkan countries.

The Ottoman rule continued of the Anatolian regions flourished until the 19th century, but it was declared the insolvency of the Empire in the 19th century. Sultan Abdul Hamid II did not succeed taking control of the state, until the rule was transferred to the hands of the federalists Anatolian who were considered as the first founders of the Turkish state.

The Turkish Republic

Ottoman rule continued in Anatolia until 1942, when Mustafa Kemal Atatürk, the Turkish field marshal, ended the Ottoman Caliphate. During the outbreak of the Second World War, the nationalist movement of Mustafa Kemal emerged in Turkey. Atatürk established the republican regime in Turkey and ruled from 1923 to 1938. His reign was characterized by a number of changes that contributed to the emergence of modern Turkey. He spread the secular system and followed Western customs as a tradition of Europe, and transformed the Turkish writing from Arabic into Latin.

Today Tukey’s system of government is republican, where the president of the republic or the state has elected by the public directly through the ballot boxes. The prime minister should be from the same elections list which the head of state submitted by. He is granted confidence which takes it through a parliamentary vote. The term of office of the Head of State shall last for five years.

Education

In the last decade, the Turkish educational system underwent serious developments. There are also schools providing education in European languages such as English, German, French, and Italian are available. Moreover, international schools, where only pupils holding a foreign passport can attend, are present throughout the country. There are other institutions where languages such as Russian, Japanese, and Chinese are taught as well.

Education is presently the biggest item on the Turkish government budget. The expenditures on education

Increased between 2011 and 2014, from 73.6 billion Turkish liras (20.3 USD $billion) to 113.6 billion liras (USD $31.4 billion).Meanwhile, In Turkey, the academic year begins in September and ends in June, and the official primary school entrance age is 6. The system is structured so that the primary school cycle lasts 5 years, lower secondary lasts 3 years, and upper secondary lasts 4 years.

Transportation

There are huge public transport systems in Turkey such as local buses, taxis, minibuses, tram and metro. Major cities of Turkey now have the underground metros, and all you need to buy is the smart ticket to travel by metro. Moreover, several cities also have over ground trams, which are a quick and efficient way of getting around. And with more than 50 airports across the country, one can fly from one city to another in Turkey in less than an hour. It is worth mentioning The Istanbul Grand Airport, the biggest airport in the world, which the capacity of the new airport for 114 aircraft at once and it can run three thousand flights per day.