Recently, according to the "European Attractiveness Survey" report released by the globally renowned consulting firm EY,amidst the pandemic in 2020, the number of foreign direct investment projects in Turkey increased by 18%, making it one of the largest investment destinations in Europe. According to the report, Turkey also became the second-largest manufacturing destination in Europe with 153 projects. Furthermore, while the total investment in European countries declined by 5%, Turkey became the second most preferred investment location for the European chemical industry.
Big Data Reveals Turkey's Investment Potential: Rapid Economic Growth and Strong Investment Appeal
Spanning across Asia and Europe, Turkey implements European models in politics, economics, and culture. It is a candidate country for the European Union, a founding member of the OECD, and a member of the G20. With a robust industrial foundation, it is one of the world's emerging economies and one of the fastest-growing countries globally. Its unique geographical location, vibrant workforce, and stable political and economic environment make Turkey a key strategic location for investment!
According to data from the Turkish Statistical Institute (Turk Stat), the Turkish economy grew by 7% year-on-year in the first quarter of 2021, a growth rate faster than all other OECD economies except for China. As the world's 13th-largest economy, Turkey has received a cumulative inflow of over USD 200 billion in foreign direct investment since 2002. The Turkish government has launched several mega-infrastructure projects, aspiring to build Turkey into a USD 1 trillion economy by 2023, the centenary of the founding of the Republic of Turkey.
With the rapid development of the Turkish economy, many foreign enterprises have recognized its investment potential. Since 2021, numerous internationally renowned enterprises—including Chinese companies such as Alibaba, Xiaomi, TCL, OPPO, and Mitsubishi Electric, as well as companies from European nations like the UK, Germany, and Italy—have launched or increased their investments in Turkey.
Turkey is not only attracting investments from foreign enterprises but is also seeing an explosive growth trend in individual investment. Statistics from the 2020 top 10 investment immigration project rankings show that, based on the number of approvals for principal applicants, approximately 13,325 investors received Turkish status, a 325% increase compared to the previous year! Currently, through the Turkey Citizenship by Investment program, investors can deposit USD 500,000 or purchase property from USD 250,000 to apply for a Turkish passport for their whole family. This provides an excellent opportunity for those wishing to expand into overseas markets and looking for a fast track into the Eurasian region!
The fast track to immigrating to Turkey: A USD 500,000 deposit
In the current climate, for investors interested in Turkey, the Turkish deposit immigration path is an excellent choice! At present, the procedure for Turkish deposit immigration is simple and convenient, with fast approval times and no requirements for language, education, residency, proof of source of funds, or a criminal record certificate. The entire process can be completed from within China, and multiple Turkish banks allow for remote account opening without the need to visit Turkey in person, greatly facilitating investors!
In reality, choosing to deposit funds in a local Turkish bank is, for the investor, simply moving one’s savings to a different location. After 3 years, the deposit can be withdrawn at any time. In addition to earning interest on the fixed deposit, one also obtains Turkish citizenship! Importantly, the account opened by the applicant is a USD account; one deposits USD, earns USD interest, and withdraws USD. Turkish deposit immigration not only eliminates investor concerns regarding property selection risks or asset devaluation due to Lira fluctuations but also addresses multiple needs such as asset allocation, children’s education, and global mobility—a solution that serves multiple purposes!
Turkey is currently one of the major Eurasian countries in terms of geography, population, and economy that offers a citizenship program, and it is a major G20 nation offering a low-entry-threshold investment citizenship program! The launch of the Turkey Citizenship by Investment program provides global investors with an excellent opportunity for investment immigration and establishing an overseas home. Furthermore, as Turkey has targeted EU accession within the next 5 years, the value and potential of its passport are self-evident. With the closure of the Cyprus EU passport program and the significant increase in the investment threshold for the Malta EU passport program, the Turkish Citizenship by Investment program is one of the best choices for investors seeking a convenient path to a future EU passport. Investing now may yield results that exceed expectations! For high-net-worth individuals looking to optimize their overseas asset allocation, it is best to invest early!
As a proactive promoter of European investment immigration, and an immigration agency that pioneered the promotion of the Turkish Citizenship by Investment program in China, WorldWay (WorldWay) partnered with the Turkish Embassy in China, the Consulate General in Shanghai, and the Consulate General in Guangzhou in April 2019 to hold the official launch and China commencement ceremony for the Turkish Citizenship by Investment program. This event officially introduced the program, which had captured the attention and anticipation of global investors, into China—a pioneering milestone that will be recorded in history!
WorldWay executives and high-level Turkish government officials jointly officiate the "Official Release and China Commencement Ceremony for the Turkish Citizenship by Investment Program"
As one of Asia's Top 500 brands with over 20 years of focus on investment immigration, WorldWay Group maintains excellent relations with the Turkish government and is your ideal partner for your Turkish Citizenship by Investment application! For more details, please call our service hotline. Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
*Investment involves risks; the above information is for reference only.*