Turkey Passport by Investment

Getting a Turkey passport by Investment was made possible in January 2017. The goal of this was to help grow the economy and especially the real estate sector. This has seen the Turkish economy boom and continues to grow.

Minimum Requirements

Before getting Turkish Citizenship, you must meet certain criteria set by the Turkish government. The first and basic one is that you have to buy a real estate property worth USD 250,000 or above. Once you’ve done this, the passport acquisition process mag process. There are additional requirements. Some of them are optional.

You should also invest at least USD 500,000 in fixed capital contribution. This also allows you to acquire a Turkish passport. You may also buy government bonds worth USD 500,000 or more, or deposit the amount in a bank account holding your name. These are alternatives which when met give you a chance to become a Turkish passport holder.

 

Create Jobs

In essence, the Turkish government has put these requirements in place to help its economy grow through the creation of jobs and pooling more resources from the world over. Besides, through forex exchange, its currency continues to gain strength the world over on top of recognition. As foreigners move in and out doing transactions with the Turkish currency, the government continues to gain revenue.

If the ministry of family, labor, and social services proves beyond reasonable doubt that you created 50 jobs, you will get the passport after the waiting time is over. This helps but the economy and strengthens the nation’s presence in Europe and the world.

It is for that reason that you can get easy access to other countries in the region once you have a Turkish passport. The nation is utilizing this power to ensure it attracts more investors from the rest of the world. This is a perfect deal for businessmen.

When it comes to business, you have to reach out to the rest of the world to see where the opportunities are. This will also give you the experience you need to thrive. Turkey offers the freedom to transverse the world but after you’ve invested heavily in their real estate.

 

Waiting Time

There is a probation time every applicant must go through. It is between six and nine months. Once this time has passed and the government is convinced you’re fit to be their citizens, the passport will be issued to you. When making the application, you are supposed to include your spouse and dependents below the age of 18. You could include dependents above 18 but live with disabilities. When the approval comes, all of them will have a passport as long as they fall in the above criteria.

 

Conclusion

Getting a Turkish passport is only a step away. All you need is to purchase real estate property and enjoy the benefits. The rest of the processes are easy especially if you’re working with competent providers like Elmaslar. They will take you through the processes from the start to the end.