Immigration to Turkey
There are few people in the world who are not familiar with Turkey. Today, this country has become one of the most popular tourist destinations. One good reason for this is that most tourists do not need a visa to visit Turkey or that it is rather cheap to travel around this country.
But today, Turkey is also considered a good option for those wanting to emigrate. One of the main causes of this is the considerable economic growth of this country in recent years. In addition, due to the immigration and capital investment policies that the Turkish government have implemented in the last few years, the country has attracted a lot of people willing to emigrate.
Some crucial reasons for the attraction of foreign investment to Turkey are as follows:
- Investment safety along with lucrative return
- Turkish government’s diverse and favorable incentive packages to support investment and business start-ups.
From 2007 to 2017 more than $178 billion has been made in Turkey, one of the objectives of which has been property purchase by expatriates living in this country.
In addition to the economic and investment attractiveness of Turkey, the pleasant climate in cities appealing to immigrants, the high quality of life through urban services and citizenship, an adequate educational system and elite universities have made Turkey a major immigration destination.
According to the most recent changes in Turkish citizenship laws on 19.09.2018 the expatriates who purchase a property valued at $250.000 in Turkey can acquire a permanent residence permit and citizenship for their own and their families. Meanwhile the children of these families can educate in Turkish schools and colleges through this residence permit. On the other hand obtaining jobs is easier for these individuals and they will be able to acquire a working permit. It is worth mentioning that the children of these families who are over 18 can acquire a limitless long-term residence permit and become Turkish citizens after 5 years.
Also according to the new laws that the Turkish government have legislated concerning the attraction of foreign capital investments, the applicants can obtain a permanent residence permit and citizenship for themselves and their families by investing $500.000 in governmental projects and also investing $500.000 in governmental banks.
The withdrawal of the investment deposit is possible along with the interest. Investment in Turkey is made in one these 3 ways:
- Founding a new branch of an already active organization
- Establishing and registering a new company
- Cooperating with an active company in Turkey