According to the latest news received by Worldway Group, since the implementation of the new Turkish investment citizenship policy last September, there have been 2,700 immigrant investors to date! As of July, more than 1,000 foreigners have obtained Turkish citizenship through investment immigration, and another 1,700 applicants are currently in the queue, demonstrating the global popularity of the Turkish passport program!
According to data from the Turkish Ministry of Interior, more than 1 billion USD has been invested to obtain Turkish citizenship through property purchases or cash deposits. Worldway Group experts state that this is due to the new laws revised by Turkey at the end of last year to attract capital to the country! Under Turkish law, foreigners can obtain Turkish citizenship in as little as 5 months by purchasing property worth over 250,000 USD or depositing 500,000 USD in a Turkish bank.
On September 18, 2018, the Turkish government issued a communique announcing a reduction in the threshold for the Turkish investment citizenship program. The investment amount for real estate purchases was reduced from 1 million USD to 250,000 USD, a 75% reduction; the deposit amount was reduced from 3 million USD to 500,000 USD, an 83% reduction. This move shocked the global immigration industry! Since then, the Turkish passport program has become one of the most cost-effective citizenship programs on the market, attracting high attention from global investors!
As one of the world's fastest-growing economies, Turkey's average annual GDP growth reached 5.6% from 2003 to 2016, and in 2017, the GDP growth rate reached 7.9%, ranking first among the G20. Bloomberg, the world's largest financial news company, predicts that by 2020, Turkey's total economy will join the trillion-dollar club, ranking among the top ten alongside other economies such as the United States, China, Russia, and India! Compared with most developing countries, such growth performance can be described as rocket-speed.
In fact, in recent years, the Turkish government has promulgated a series of measures to encourage domestic and foreign investment, such as tax incentives and incentives enjoyed by technology development zones, industrial zones, and free trade zones, including full or partial exemption from corporate income tax, subsidies for the employer's share of social security contributions, and land allocation; incentives for strategic investments, large-scale investments, and regional investments; and reductions in property transfer fees for investors purchasing homes in Turkey, all of which indicate that now is an excellent time to invest in Turkey. To date, there are more than 1,000 Chinese-invested enterprises in Turkey, including well-known companies such as Huawei, China Railway, ICBC, and Alibaba.
In the rapid development of the Turkish economy, the real estate industry has maintained a strong momentum of development and is one of the important driving forces of Turkey's economic growth, which has also promoted an increase in the number of applicants for Turkish citizenship. Turkey is one of the hottest real estate markets in Europe and one of the most promising real estate markets in Europe. Data shows that in the first 4 months of this year, foreigners purchased a total of 13,300 properties in Turkey, an increase of 82% over the same period last year. It can be said that Turkish real estate has huge investment potential.
Worldway Group experts state that with a lower cost investment, obtaining high-value real estate in an emerging power with strong economic resilience, and at the same time obtaining a passport from an EU candidate country—this is bound to drive more and more investors to flock to Turkey. As an important transit point and transportation hub for Europe, Asia, and Africa, Turkey's strategic position is very important. It provides a foothold for Turkish passport holders who intend to expand their overseas markets, as well as an excellent opportunity to quickly enter and develop in the region's commercial centers!
Turkey is currently the only major geographical, demographic, and economic power from the Eurasian continent among countries with open fast-track citizenship programs, and it is also the only G20 country that has opened a low-cost fast-track passport program! For those who want to participate in the Turkish investment market, they only need to invest no less than 250,000 USD in real estate to quickly obtain a Turkish passport for the whole family. The purchased property can be sold after three years. Substantial investment returns and a G20 major power Turkish citizen passport—two birds with one stone! At the same time, for investors with needs, depositing the equivalent of 500,000 USD in a bank operating in Turkey for 3 years can also quickly obtain a Turkish passport as an EU candidate country, and its investment value is self-evident! At the same time, holding a Turkish passport can also facilitate the rapid processing of a US E-2 visa, realizing multiple benefits such as rapid immigration to the United States!
Currently, another blockbuster project from the strong partnership between Worldway Group and a powerful Turkish developer—the Idem Residence project—is located in the business core area radiated by the new Istanbul International Airport and is currently one of the best investment choices on the market!
Turkish Idem Residence
High-end residential property within the Istanbul Canal radiation circle
Nearly 200-square-meter large ready-to-move-in homes, suitable for both investment and self-occupation
Exquisitely decorated large homes, only 1,500 USD per square meter, with a complimentary private parking space
Rich educational resources, with international, public, and private schools available
Excellent ecological environment, with a 280,000-square-meter city park close at hand
Purchasing a home can secure a Turkish European major power passport for the whole family
Limited supply, first come, first served
The location of the Idem Residence on sale this time, the Basaksehir district, is located within the radiation circle of the Istanbul Canal project that the Turkish government plans to excavate. The Istanbul Canal project will divide the European side of Istanbul into two, and by then, the location of Idem Residence will be surrounded by the Black Sea, the Istanbul Canal, the Sea of Marmara, and the Bosphorus Strait, forming a new island.
The Turkish government plans to spend huge sums of money to build this island into a Turkish "Manhattan" island that integrates economy, finance, commerce, culture, tourism, education, and medical care. It will be comparable to Manhattan in the United States, the City of London, and Central in Hong Kong, and will be ranked as one of the most promising locations in the global real estate market. It can be seen that the location of Idem Residence will be the new business district of Istanbul in the future, with huge room for appreciation.
Great news: In response to the requests of our vast number of clients, the Worldway Group Ten-Country Passport Consultation Week event has been extended until the end of the month, and the Ten-Country Passport Consultation Week has been upgraded to a Consultation Month. Identity planning concerns the seven major plans of life, and you can choose from ten country passports! Turkey, Moldova, Cyprus, Malta, Saint Kitts and Nevis, Dominica, Saint Lucia, Antigua and Barbuda, Vanuatu, and Grenada passport programs—a multi-functional competition of ten country passports, there is always one that suits you! From July 1st to 31st, Beijing, Shanghai, Shenzhen, Guangzhou, Qingdao, and Hong Kong—Worldway Group's six-city joint event is in full swing!
The Worldway Group "Ten-Country Passport Consultation Month" event is in full swing. Now is a good time to invest in Turkey. Good projects do not wait for anyone. Scarce properties are available on a first-come, first-served basis! For details, please call 400-138-2929