Turkish Citizenship by Investment | Buying Real Estate in Turkey | Turkish Consulate in Vancouver, Canada | Matt Gul, Real Estate Investor

Turkey is one of the fastest growing economies in the world with an average annual GDP growth of 5,1%. In the first quarter of 2021, Turkish economy grew 7,5%. From legislative point of view, Turkey has a liberal investment climate with a clear foreign direct investment law which is simple and complies with international standards while offering equal treatment for all investors. It takes only 7 days to setup a company. A wide range of state incentives are also available for investors. 

Secondly, Turkey has a geostrategic location with easy access to big markets. It is the only non-EU member country which is in the EU customs union that enables easy access to the European market of 510 million people. Turkey’s population is 84 million with half of it being under the age of 33 and it’s young, dynamic and growing population is another attractive factor for investors. While having a sizeable consumer base, Turkey also offers a skilled and competitive work force especially in terms of qualified engineers and senior managers. Moreover, Turkey concluded Free Trade Agreements with 27 countries totalling a market of 355 million people. Hence, investors in Turkey have the ability to easily reach almost one billion consumers. 

Indeed, anyone who purchases a property in Turkey with a minimum value of 250.000USD is entitled to Turkish citizenship along with the family members. The process roughly takes 60 days and the condition is to keep the property at least for three years.