WHY INVEST IN TURKEY

WHY INVEST IN TURKEY

WHY INVEST IN TURKEY!

Located on two different continents, Turkey serves as a bridge between the East and West, North and South axes. This characteristic of the country brings a significant advantage in terms of logistics and workforce, making Turkey a robust investment center with reasonable costs for thriving markets.Turkey’s geographical advantage provides rapid access to a population of 1.5 billion including those of Europe, the Middle East, North Africa, and Central Asia, and to a market worth more than USD 20 trillion. As it is surrounded by sea on
three sides and has constantly developing railway and highway lines while Turkish Airways flies to 255 destinations in 122 countries, the passenger transportation and freight shipment integratedly support commercial activities. The railway system in Turkey covers about 11,000 km and it is developing daily, due to
modern and well-planned government reforms.

This is an important conveyance in Turkey, with direct implications in different economic sectors in the country and outside of it. Besides that, the highway system is quite consistent and covers about 383,000 km, one of the main aspects to consider when having a business in Turkey. Turkey is Europe’s third-largest country in terms of a qualified workforce. The
youthful population in the country is the major reason for the growth achieved in the workforce and Turkey’s strong position in the labor market, which is better than in many countries. Turkey broke a new record with regard to the economic growth it experienced between 2003 and 2008 and rose to 13th place among the world’s largest economies in 2018 from 18th in 2003.

Turkey has always offered numerous investment opportunities and a stable economic growth which still attracts the overseas investors. According to statistics, Turkey is the 17th largest economy in the world, with a GDP (gross domestic product) growth of about 3.8 % this year. Low taxes, a developed market, infrastructure and an excellent location are among reasons why foreign investors choose Turkey to set up all types of businesses.

Our Turkish lawyers are ready to provide you with information and guidance if you are interested in making investments in the country. According to the latest statistics, Turkey is the 17th largest economy in the World.
Approximately USD 174.5 billion was the GDP reported in Turkey last year. In 2018, Turkey was the 7th most popular FDI destination of Europe. Around 34% of the foreign investments were directed to the finance sector in Turkey in 2021.

Turkey ranks higher on the list than many countries regarding the highly educated and competitive workforce it has. As of 2021, approximately 1 million undergraduates graduate from more than 200 universities every year. The workforce in Turkey experiences the biggest growth among the EU countries as it becomes more and more productive every day.

Compliant with international standards, the investment regulations encourage foreign direct investments and protect the rights of the investors. Various laws and implementations provide an environment where all investors share equal rights. Even though the country saw a decrease in foreign direct investments in 2021 due to the COVID-19 outbreak, the figures of the past 18 years illustrate an increase of approximately fifteenfold in the number of companies with international capital in Turkey. Particularly TURKEY has become a strong attraction center for foreign investors

THE BEST WAY TO GET TURKISH CİTİZENSHİP AND PASSPORT!

Considering the growing popularity of customers and buyers who are interested in buying property in Turkey at a price of over $ 250,000 and obtaining Turkish citizenship through the purchase of property, we are asked a lot of questions regarding the buying process, for the same reason; in this section we will explain for you the details of purchasing property in Turkey step by step, in order to get the citizenship. At the time that ownership of property is prepared in your name, the Lawyer should oversee the process of mortgaging to make sure that by purchasing the property, a three years permission of Turkish citizenship on the property document is also granted. Once the process of transferring the ownership of title deed is done, your lawyer will send it to Ankara for the process to begin

TURKISH CITIZEN

At the time the title deed document is prepared in your name, the lawyer should make sure that the process of mortgaging the property document is properly executed so that by purchasing the property a three-year mortgage for obtaining Turkish citizenship is also included. You will then go to the relevant business area with the lawyer and be interviewed in the Foreign Investors section and receive investor-specific residency cards. Investors residence are mentioned on these cards. After that, the rest of your documents, including translations of your documents, are completed by a lawyer. After about 3 to 4 months your citizenship card is received from the Turkish Population Bureau and from then on you will be a Turkish citizen

DOCUMENTS REQUIRED FOR OBTAINING TURKISH CITIZENSHIP!

Birth Certificate Official translation, Justice confirmation, Foreign Ministry approval, Turkish Embassy approval Translation of the Marriage Document with the approval of the Ministry of Justice, the Ministry of Foreign Affairs and approval of the Turkish Embassy The original passports, birth certificates and marriage documents Photo: 6 pieces/ per person Money receipt directly deposited to the manufacturer’s Property tile deed for value of $250,000 Working Power of Attorney to a Turkish lawyer for Action Property Value Expertise Sheet.

TIME PERIOD FOR OBTAINING THE TURKISH CITIZENSHIP!

Obtaining citizenship takes between three to four months. The steps are as follows. Contract with a lawyer.
Approval is received three to four weeks later. A month later the investment residence card is obtained.
Maximum two months after receiving the card, the citizenship and passport card will be sent to your registered address.
Turkish passport rank!
Turkey, as a powerful country in the industry and tourism, ranks thirty-ninth in the world in the passport value. Turkish passport holders can travel to 115 countries without a visa or with a visa issued at the destination airport, including Qatar and South American countries. For 44 countries, visas are issued to at the destination airport. Doing business with a Turkish passport is easy and has many commercial advantages around the world

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