Turkey is a transcontinental country with 81 provinces that make up the Republic of Turkey. It shares borders with Greece, Bulgaria, Georgia, Armenia, Azerbaijan, Iran, Iraq, and Syria in Southeastern Europe and Southwest Asia. Istanbul, Ankara, and Izmir are the most important provinces. Turkey is the 36th largest country in the world, with a surface area of 783,356 square kilometers. Warm, dry summers and moderate winters characterize the climate. Turkey is a peninsula with a roughly rectangular shape. A high central plateau, multiple mountain ranges, and a coastal plain characterize the topography. There are over 83.5 million inhabitants in the country. Ankara is the country's capital. Istanbul, with a population of about 15.5 million people, is the most populated city. Izmir, Ankara, Antalya, and Bursa are also prominent cities. Istanbul Airport (IST) is the country's busiest airport, with approximately 52 million passengers annually. This places it as the world's 28th busiest airport. Istanbul's international airport provides great flight connectivity to all continents. Turkish Airways, an international airline, is based there.
Turkish culture is dominated by a blend of historical cultures, with Islam serving as the primary religion. Turkish is the official language. The legal system is built on European patterns and is based on civil law. A presidential republic is the government type. Recep Tayyip Erdogan, the elected President of Turkey, is the head of state and government. Every five years, presidential elections are held, with the president being elected indirectly by an absolute majority vote.
The Turkish Lira (TRY) is the country's official currency. The country has an open economy, with a gross domestic product of $2.4 trillion. Its people earn $29,723 per year as a per capita income. The GDP is primarily composed of two primary sectors: services and industries. Textiles, autos, coal, copper, tobacco, cotton, and cereals are among the country's principal exports. Tourism is also a significant contributor to GDP.
Turkey has a wide range of tourist locations and attractions, both urban and nature. It is noted for its beautiful historic sites as well as its diverse cultural aspects. The Aya Sofya, Ephesus, Cappadocia, Topkapi Palace, Pamukkale, the Sumela Monastery, and Mount Nemrut are just a few of the significant attractions. Every year, around 52 million tourists visit the country. The majority of visitors come from Europe and the surrounding nations, making it a popular tourist destination, particularly among Russians.
Turkey
Turkey offers an exciting and affordable option for residency for international investors. Turkey has many residency options, either through investment or otherwise, that make it an attractive choice for those looking for a new place to call home. Turkey also offers citizenship by investment, which can be a great way to get a foothold in the country. Turkey's tax system is relatively simple and there are a number of deductions and exemptions that make it an attractive choice for those looking to invest in Turkey. Turkey also offers a number of benefits for those looking to become citizens, including access to education, healthcare, and retirement benefits. Turkey is an increasingly popular choice for those looking for a new place to live and work, and it is easy to see why.
If foreigners who own immovable property wish to apply for a residence permit, the property must be inhabited and used for this purpose.
Have immovable property used as a residence in a shared or cooperative property. Family members living in the same residence are also entitled to apply for a residence permit. The permit is issued for a maximum two-year period each time.
If you purchase an immovable property for at least $400,000 in U.S. dollars or an equivalent amount in foreign currency or Turkish Lira, you can apply for the Turkish Citizenship by Investment program.
The applicant has to attach a notation at the land registry stating that the property cannot be sold for three years and for whom the Ministry of Environment and Urbanization issues a certificate of conformity.
Investors who purchase a real estate investment fund participation share or venture capital investment fund participation amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and make commitment to hold these participation shares for three-years and for whom a certificate of conformity is issued by the Capital Market Board.
The applicant has to make a fixed capital investment of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and for whom certificate of conformity is issued by the Ministry of Industry and Technology, OR invest the amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira in a real estate investment fund participation share or in a venture capital investment fund participation.
This Turkey citizenship by investment business program is designed to incentivize foreign direct investment into the country and grant Turkey citizenship to eligible applicants. The Turkey citizenship by investment business program requires a minimum investment of USD 500,000 in a business venture in Turkey. The applicant must also employ at least 50 Turkish citizens.
The applicant must invest a minimum of $500k USD and has to employ at least 50 employees and for whom a certificate of conformity is issued by the Ministry of Family, Labor and Social Services. Therefore, the investment amount will be substantial, and we estimate it to be around or above the passive fund option.
Investor who purchases public borrowing securities for at least $500,000 USD or equivalent foreign money or equivalent amount of Turkish Lira, agree to keep these instruments for three years, and for whom the Ministry of Treasury and Finance issues a certificate of compliance.
The applicant has invest the amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira in and agree to keep these instruments for three years, with a a certificate of compliance issued by the Ministry of Treasury and Finance.
Investors have to deposit the amount of at least 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira and make a commitment to hold the amount of deposits for three years at banks operating in Turkey. A certificate of conformity must be issued by the Banking Regulation and Supervision Agency.
Deposit a minimum of 500.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira in a Turkish bank.
According to the SovSpot Passport Ranking Index, the Turkish passport is now ranked 53rd. It allows visa-free travel to 111 countries. This results in an overall mobility score of middling. Visa-free or visa-on-arrival access is available to Turkish passport holders in countries such as Brazil, Qatar, Albania, and South Korea. This enables for practically instantaneous travel around the planet. Turkish passport holders, on the other hand, need a visa to visit 118 countries around the world. China, the European Union as a whole, and India are among the countries that require visas.
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111
The number of countries Turkey passport holders can enter without a visa (i.e. visa-free countries) is added to the number of countries Turkey passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization (i.e. visa-on-arrival countries) (eTA). There are now 72 visa-free countries for Turkey passport holders, 36 visa-on-arrival countries for Turkey passport holders, and three eTA destinations. In total, Turkey passport holders can visit 111 countries without a visa, via a visa on arrival, or via an eTA. As a result, the Turkey passport is ranked 53rd in the world.; In addition to these Turkey visa-free and visa-on-arrival countries, there are 118 other countries where Turkey passport holders will need either a physical visa or an eVisa (i.e. visa required countries). The Turkish passport is in high demand since it allows users to travel to more than 110 countries and territories without needing a visa. Citizenship in Turkey can be earned in a variety of ways, including adoption, descent, marriage, and investment. The Turkey Citizenship by Investment Program, which was established in 2017, allows visitors to get Turkish citizenship and a second passport in as little as six months.
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