Obtaining Residence through Investment

Obtaining Residence through Investment:

For investing in another country, knowing the rules and regulations specific to that country is the first step along the way. Failure to comply with this fundamental principle may have disadvantages and consequences for an outsider.

Turkey is also no exception, despite significant economic growth, efforts to join the EU, and facilitating foreign capital acceptance. Ayla Company in this article has attempted to comprehensively explain the most recent Turkey’s 2018 investment laws describe Turkey and the reasons that make investing in Turkey popular with foreign nationals.

Another way of obtaining Turkish residency that has been welcomed by the majority of foreigners, especially Iranians, is to buy the property and invest in it.

The minimum amount of property that leads to permanent residence, the benefits of buying and investing capital in Turkey for Iranians, the considerations of the types and documents required to buy property in Turkey are issues that many homeowners have always questioned and ignored. It has created problems for them.

Therefore, it is necessary to examine the following before taking any action thoroughly. “Since September, the Turkish government has facilitated the purchase and investment of foreign investment property so that any foreign investor can proceed in the shortest possible time. Time to apply for permanent residence and, ultimately, Turkish citizenship.

New Turkish Citizenship Law

Under the new Turkish Citizenship Act, foreigners who invest in Turkey with a direct investment of at least $ 500,000 or the equivalent of a Turkish Lira leave the citizenship privilege. The financing was at least $ 2 million.

Under the new amendment, foreigners who leave Turkey for immovable and property investments worth $ 250,000 or equivalent in Lire will also be granted citizenship, which will be reduced from $ 1 million to $ 250,000. Found.

The requirement to create employment for 100 Turkish citizens to receive Turkish citizenship was also changed to 50.

To obtain citizenship in Turkey, the minimum three-year deposit rate in the country’s banks was reduced from $ 3 million to $ 500,000.

The law, of course, includes amendments that need to be addressed.

Buyers can buy multiple properties for this amount, and this is something that has attracted many foreign investors in Turkey.

All property by law must be valued by the official representative of the judiciary and its actual value determined.

In the dealer side, the dealer must be a Turkish or a Turkish company

All payments must be in the form of a bank document

The buyer is not allowed to sell the house for three years

10 Reasons to Invest in Turkey

1- Economic boom:

* More than three times its GDP growth, $ 851 billion in 2017, compared to $ 231 billion in 2002

* Sustainable economic growth at an average annual real GDP growth rate of 5.8% between 2002 and 2017

* The Turkish economy is projected to be one of the fastest-growing economies among OECD members in 2018-2019 with an average real GDP growth rate of 5% in 2018-2019.

* Thirteenth largest economy in the world and fifth most significant in the EU compared to 2017

* $ 193 billion of foreign direct investment (FDI) over the past 15 years

Foreign Direct Investment (FDI) An investment by a company or individual in one country is in the commercial interest of the business. Generally, FDI occurs when an investor creates a foreign corporation or acquires foreign business assets, including the creation or ownership of an international company. Foreign direct investment is different from portal investments where the investor buys only shares of foreign companies.

* A dynamic and mature private sector, with the export value of $ 157 billion between 2002 and 2017

2. Population

* Population of 81 million

* The largest youth population compared to the EU

Half of the under-age population is 31.7 years.

* Young, dynamic, educated and multicultural

3. Adequate and competitive force

* Over 30.5 million young, educated and motivated professionals

* Approximately 800,000 students graduate annually from 183 universities

 4. Liberal and reformable investment

* Second Reformist among OECD Countries in Their Observations on Foreign Direct Investment from 1997-2017

* Business-friendly environment on average 6.5 days to start a company according to World Bank Report on Doing Business (2018)

* Highly competitive investment terms

* Strong industrial and service culture

* Equal treatment for all investors

* About 58,400 companies with international capital in 2017

* International Arbitration

* Guarantee of capital transfer

 5. Infrastructure

* New and highly advanced technological support in transportation, telecommunication, and energy

* Highly advanced and low-cost transportation facilities

* The advantage of rail transport to Central and Eastern Europe

* Appropriate transport routes and direct delivery mechanisms to most EU member states

6. Strategic position

* The natural bridge between the East-West and North-South axes thus creates a viable and cost-effective market for major markets.

* Easy access to 1.7 billion customers in Europe, Eurasia, Middle East