The secular democratic Republic of Turkey was founded in 1923, has taken its place in a strategic manner in Eurasia. Unlike many past and closed socialist economy, Turkey has a deep-rooted history dating back to the 1920 private sector. Turkey, more than 50 family holdings and 500.000 consisting of more SMEs flexible business world, developed civil society organizations with the EMEA and the largest industry in Russia and the Turkish Republics.
Turkey with its increasing 82 million population, is always a popular destination for leisure and business. Turkey, with a GDP of around $ 800 Billion ($ 1 Billion 15th largest GDP-SAP) and, having a 50% population under the age of 29, as well as the world's 16th largest economy with a population of 82 million, has become one of the youngest economies. Since 2002, excluding growth in late 2008 and 2009, the average growth has reached 7.5%, and in 2010, with a staggering growth of 8.9%, it recorded a divergence from emerging economies.
Turkey showed an annual growth rate of 5% since 2010. Turkey has made in the past decade a rise in exports and tourism revenues, exports exceeding $ 140 Billion, trading volumes reached $ 300 Billion. Turkey despite the difficult economic times in the 30 Million tourists and $ 20 Billion in 2010 revenues, also has become the 7th most visited country.
Turkey, the key point to access for Europe, is always an attractive location between Asia and the Middle East. As a valid candidate for the European Union and as a safe country with good connections with Europe; Free Turkey's financial system is powerful and sophisticated. Turkey today, many business/trade, peace and versatile defense organizations and communities of the member countries of the world as an active participant of the event and an important member of the G20.
Turkey also been a member of the European Customs Union since 1995 and has been advancing with great effort on the chapter headings since the European Union accession negotiations started in December 2004. Turkey is considered as the best investment destination in emerging markets today for strategic and private equity investors. Istanbul is one of the world's most important financial centers candidate and Turkey has completed the world's most advanced e-government and financial infrastructure for that aim.
Having an Independent Central Bank, BDDK, IMKB, SPK, and Takasbank; Turkey's treasury bills, equities, financial transactions are encouraged to be transparent and smooth.
The Turkish market is a well-received market with top quality Turkish and international investment banks, intermediaries, specialized corporate finance boutiques, consultants and independent auditing and law firms. The presence of 50.000+ companies with foreign capital, many of which govern 10 - 100 countries from Istanbul, together with government initiatives to improve the regulatory environment, are proof of a stable and reliable operating ground.
Since the 1990s, cities of Istanbul, Bursa, Istanbul, Ankara, Izmir, Antalya, Adana, and Muğla (Bodrum, Marmaris, Fethiye, Kaş), is among the world's top 5 tourist point. These cities are also very good investment points for real estate investors who want to leverage.
Istanbul has become a hub with numerous business destinations within a 3-hour flight distance with Istanbul's new airport. Many cities from Istanbul can now be reached with direct flights from Turkish Airlines, which is a world-class airline and flies to more than 200 countries. Flights include Los Angeles, New York, London, Johannesburg, Dubai, Moscow, the leading cities of the Turkish Republics, Beijing, Tokyo, Singapore, and even the longest distances.
Turkey as a member of IMF and NATO meetings, work together with the European Football Championships and the World Basketball has become a hub for major international events in the field of culture and sports. UEFA Champions League Final was played in Istanbul Beşiktaş Stadium in August 2019.
Some Important News:
Forget Bali and Mykonos: An ancient port city in Turkey is the under-the-radar luxury hotspot to visit in 2019:
https://gie.investments/best-travel-spot by Business Insider
Turkish passport demand soars as rules relaxed:
https://gie.investments/financial-times-news by Financial Times
These Could Be the World’s Biggest Economies by 2030:
https://gie.investments/economy2030 by Bloomberg
Citizenship by Investment:
Countries are defined by the power and strength of their passport on the Henley Passport Index and The Passport Index. When you looked at those ratings, you can see that the Turkish Passport is the world's strongest 39th according to 2019 evaluations. Turkish Passport, with its 115 visa-free countries (71 no visa required, 44 visa-on-airport with a basic fee) access; is also giving several incentives and business supports to its holders.
Currently, Turkey is in the Top 20 economies of the world. From Bloomberg’s perspective, Turkey seems to be the biggest 5th improving economy by 2030. Turkey serves as a safe haven for those who come from different backgrounds such as less moderate Muslim countries and non-free financial systems. When you checked with the Passport Index results of 2019, Turkey has a better position compared to Saudi Arabia, Qatar, Kuwait, Oman, Jordan, Lebanon, Iraq, Syria, Iran, Egypt, India, Pakistan, and several others. We believe investors from those nations will enjoy the program.
On September 19, 2018; Turkey has significantly eased the required limits for foreigners to acquire Turkish citizenship, according to new regulations published in the country’s Official Gazette.
How to Qualify:
- Proven by the Ministry of Industry and Technology to have made a minimum fixed capital investment of USD 500,000 or equivalent foreign currency or Turkish lira.
a. Proven by the Banking Regulation and Supervision Agency to have deposited at least USD 500,000 or equivalent foreign currency or Turkish lira in banks operating in Turkey with the condition of not to withdraw for at least three years.
b. Proven by the Capital Markets Board of Turkey to have bought at least USD 500,000 or equivalent foreign currency or Turkish lira worth of real estate investment fund share or venture capital investment fund share with the condition that they cannot be sold for at least three years.
c. Proven by the Ministry of Treasury and Finance to have bought at least USD 500,000 or equivalent foreign currency or Turkish lira worth of government bonds with the condition that they cannot be sold for at least three years.
- Proven by the Ministry of Environment and Urbanization to have acquired a real estate worth a minimum of USD 250,000 or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years.
- Proven by the Ministry of Family, Labor and Social Services to have created jobs for at least 50 people.
- Special Conditions and Immigration Cases