Introduction

Turkey sits in a unique geographic location as a part of it is both in Asia and Europe. Over the years, the country acted as both a bridge and barrier for the two continents. The capital of Turkey is Ankara while Istanbul is its larger city and known seaport. It falls into both continents and is a charter member of the UN as much as it is in NATO. its official language is Turkish language. The country’s land area is larger compared to any state in Europe. The country has a 300-400 miles north-south extent and 1,000 miles east-west.

Turkey scored 64.6 in economic freedom, placing the country as the 68th freest in the 2019 Index. The 0.8 score decrease of the overall score and declines in judicial effectiveness, it still reached above the world average. The economy showed resilience due to solid public finances. Its private business sector is dynamic and diversified. The banking sector is also well-regulated and well-capitalized.

As of March 2020 the population count of Turkey is 84,055,008 and the median age is 31.5 years.

Turkey’s political framework is a presidential republic. The head of the government is also the head of state and can also issue executive orders. It’s having a president as the government head, who holds executive powers to appoint judges, and state institution heads.

More than nine-tenths of the population is a Muslim, though it’s still a secular country. The arms forces of Turkey maintain their watch over the country’s political secularism. Their military does not leave the uptake of the secular political process to fate, and intervened in politics on several occasions.

Turkish Citizenship by Investment Program

It was in 2017 when the Turkish Citizenship by Investment was first introduced. The program was amended on September 9, 2018. granting foreign national citizenship and second passports. The foreign applicants must invest in either a bank deposit or real estate. Applicants are required to deposit $500,000 into a bank account in Turkey for 3 years minimum.

Conditions of Eligibility

Among other requirements for the applicants include a $250,000 property investment, purchase or establishment of a company with a $500,000 capital. The condition includes that the property won’t be sold within at least 3 years.

The applicant obtains citizenship along with the members of the family within 3 months. The new regulation also needs the applicants to employ 20 personnel.

Investors can keep the business and its income with a permission for a visa-free travel to more than a 100 countries worldwide. Benefits include free education in universities and public schools, pension programs, and health coverage extended to the whole family. Turkey doesn’t require you to reside in any time during or after the process of your application. No complex procedures, exams, or interviews. They are open to multiple citizenship and to almost all of the nationalities around the world. The citizenship and passport typically takes 3 months with an investment holding period of 3 years.