Government information
Why is Turkey so popular?
There are several factors you need to keep in mind when considering the Turkish citizenship program for investment.
On September 18, 2018, Turkey lowered the minimum investment for home purchase naturalization to $ 250,000 (previously $ 1 million), making it one of the cheapest investment naturalization programs on the market. After the price cut, as of the end of 2018, Turkey's real estate sales to foreigners increased by more than 150%. In addition, in 2019, annual property sales to foreigners are expected to increase from $ 4 billion to $ 10 billion.
1.Government incentives for real estate investors
Lower purchase tax, no VAT, digital land registration, and cadastral management system (Takbis). These are some of the incentives and major changes implemented by the Turkish government to encourage foreigners to invest in Turkish real estate and increase the attractiveness of their investment and citizenship programs.
2.The best entry point to cover the 500 million Eurasian population market
As a country with twice the GDP of Greece and Portugal combined, Turkey has a diverse economy. With a large number of well-known multinational companies setting up their Eurasian headquarters here, Turkey is rapidly growing into a popular investment immigration destination.
Although most of the foreign direct investment into Turkey comes from neighboring countries and the Middle East and North Africa, Turkey has also attracted the attention of the Far East. In 2018, the number of Chinese tourists doubled from the previous year, and the center of Istanbul is even building a new Chinatown. There is also a large amount of investment from the Far East into the leisure facilities, high-end hotel and residential real estate sectors, such as Mandarin Oriental Hotel, Peninsula Hotel, and Raffles City.
3.Join a fast-growing market
More importantly, China ’s “Belt and Road” initiative-a large-scale plan to pledge to reactivate the ancient Silk Road to become the world ’s most important trade route-will make Turkey and Istanbul have become key hubs, in part because of their geographical location and excellent logistics infrastructure.
Tourism plays an important role in the Turkish economy, and 2019 is expected to be a record year for the tourism industry as hotel booking rates across Turkey are higher than previous averages. Given that 2016 was one of the worst years for tourist numbers in Turkish history, this is arguably a feat. The rapid recovery of tourism proves Turkey's resilience and resilience.
After a brief stagnation, in 2018, Turkey's foreign direct investment increased to 13.2 billion US dollars, an increase of 14% from the previous year, which is impressive. At that time, various traditional foreign direct investment 'safe havens' were experiencing a sharp contraction.
Investors seem optimistic about their long-term prospects, which could be good news for Turkey.
In addition, the World Bank recently released the 2019 Global Business Environment Report, which ranked Turkey as the top ten overall improvement and raised its ranking by 17 after implementing record business reforms in Turkey last year. Finally ranked 43rd in the world.
4.115 visa-free destinations, joining Schengen within days
The Turkish passport is one of the most gold-rich passports in Eurasia. It can be entered or landed in 115 countries, including the US E-2 visa. Turkey has been actively strengthening its ties with the EU, and Turkish citizens will soon be granted visa-free access to the Schengen countries. In fact, the EU confirms that Turkey has met 65 of the 72 conditions that must be met to join Schengen.
5.Prime price friendly property
The price of real estate in the prime location is still very attractive. As long as you pay 250,000 euros to meet the minimum investment amount of the investment naturalization plan, investors can buy a high-end, high-quality, green building gold in Istanbul Graded home.