Once the center of the Ottoman Empire, the modern secular republic was established in the 1920s by nationalist leader Kemal Ataturk. Straddling the continents of Europe and Asia, Turkey’s strategically important location has given it major influence in the region – and control over the entrance to the Black Sea. It has double the GDP of Greece and Portugal combined, with a diversified economy and numerous multinational and blue-chip companies having their European head offices there.
Turkish Citizenship by Investment Program has been in existence since 2017. In September of 2018, the minimum real estate investment for obtaining Turkish citizenship, was reduced to $250,000 (down from $1M) – making it one of the cheapest CIP’s in the world.
Since the reduction, property sales to foreigners have increased by over 150%, mainly, but not restricted to investors from other Muslim majority countries, looking for an alternative citizenship.
Turkey is rapidly emerging as a popular destination for investment migration, thanks in part to its low cost of living, rich culture, and great lifestyle. Also, a Turkish passport is one of the most valuable passports in the Muslim world, with visa free travel to 114 countries, and access to the US E-2 Visa.Read More
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