With its stunning landscapes, vibrant culture, and incredible cuisine, Turkey is a popular tourist destination. It also offers many business opportunities for international investors. In fact, Turkey is a major transcontinental country, with access to both European and Asian markets.
If you are a foreign investor interested in creating jobs in Turkey, you may be able to get a Turkish passport through the citizenship by investment program. The program, which was launched in 2016, aims to attract foreign investment.
You can obtain Turkish citizenship by making a significant investment in Turkey and then maintaining it for at least three years. You can invest in different ways, including purchasing real estate or contributing to government bonds. You can also contribute to a private pension system and establish a business in Turkey.
One of the most attractive aspects of this program is that you don’t need to renounce your old citizenship. This means that you can stay in your home country while acquiring a Turkish passport and still be eligible for some benefits, such as health care.
Another benefit is that you can travel to almost 110 countries visa-free or visa on arrival. This is a huge advantage, especially for entrepreneurs who want to expand their business abroad.
The Turkish economy is booming and many people are looking to invest in Turkey as a place to build wealth. Moreover, the country is known for its hospitality and low costs of living.
In addition, the country has a thriving real estate market and is known for its affordable prices. It is not uncommon for a square meter to cost around $450 to $800, which is extremely attractive for a foreign investor.
For this reason, it is very common for international investors to buy property in Turkey. There are many properties on the market at affordable prices, and a foreigner can even afford to live in some areas of Istanbul for as little as $2,000 per month.
As the lira depreciated in value, the demand for housing among foreigners has increased, and now the real estate market is very liquid. The most popular places for real estate purchases are Istanbul, Izmir, and Ankara.
