What is the Correct Step for Citizenship by Investment in Turkey?

There are multiple approaches available for you to follow and obtain citizenship in Turkey. However, you should understand the correct step for citizenship by investment in Turkey and go ahead. In order to make your life easy, we will be sharing the exact steps that you need to follow as you try to obtain your Turkish citizenship through investment. If you can adhere to these, obtaining Turkish citizenship will never be a challenging thing to do.

  • Investment option 1 – Real Estate investments

Real estate is the first investment.

There are a plethora of real estate investment alternatives available. An individual must invest $250,000 in real estate in Turkey, regardless of the sort of property desired. You can purchase a villa, an apartment, or a plot of land. If you are trying to locate the best step for citizenship by investment in Turkey, you may take a look at this.

Furthermore, because real estate is not generally overpriced, there is no need to obtain pre-approval to purchase houses. Note that you can acquire numerous homes as long as the total cost does not exceed $250,000. They must, however, be in the same neighborhood.

Also, don’t forget to register your properties the same day you buy them. The property must be kept for at least three years by the buyer. Note that the costliest regions have property values of about $5,500 per square meter.

  • Investment option 2 – Creating new jobs for the people in Turkey

Another way to obtain a Turkish passport is to employ at least 50 Turks. So, in return for citizenship, establish your own business and outsource some of the work. Given the high cost of forming and maintaining a nation, it might be prudent to get legal advice.

Employ locals and operate a legal international firm if you want to learn more about Turkey’s business sector.

  • Investment option 3 – Capital transfer

A capital investment can be made by overseas investors who are not willing to invest in real estate or navigate the commercial sector. Currently, the minimum capital investment level is fixed at $500,000.

You will need to follow any of the above-mentioned steps to proceed with the capital transfer

  • It should be deposited in a Turkish bank.
  • Make a donation to government bonds.
  • Invest in mutual funds.

Make sure you keep the money for at least three years. One of the biggest advantages of capital transfers is that you don’t have to deposit the money in Turkish Lira. It is also recommended that you invest in a solid currency such as the Euro.

Now you have a better understanding on what is the best step for citizenship by investment in Turkey.  Adhere to these and continue with your preferred investment option. It will help you to locate the best returns at the end of the day.