Education has always been a significant motivation for immigration. The romantic country of Turkey, spanning Europe and Asia, has gradually entered the sights of immigrant investors with its high-quality international education in recent years. Turkish citizenship is seen as a green channel for children to enter world-renowned universities. Holders of Turkish passports can provide their children with quality education in Turkey, as well as international education without leaving the country, aligning with European and American educational standards, and significantly increasing the chances of entering prestigious global universities. Furthermore, if children choose to return to their home country for development, they can enroll in top domestic universities, such as Tsinghua University and Peking University, as international students without taking entrance exams. Holding Turkish citizenship offers children more choices for the future, easily achieving a balanced educational plan both domestically and internationally, which is truly a win-win situation!
Previously, Turkey's property investment immigration was very popular; now, why has there been a surge in Turkish deposit immigration?
Since Turkey lowered the threshold for citizenship in September 2018, reducing the deposit immigration amount from $3 million to $500,000 and the property investment amount from $1 million to $250,000, the Turkish investment citizenship program has attracted global investor attention and rapidly gained popularity in the immigration market! Due to favorable economic development expectations and frequent positive policies in the real estate market, especially since purchasing property in Turkey allows for direct application for a Turkish passport, many overseas buyers were drawn to Turkey's property investment immigration.
However, during the global pandemic, many investors, while consulting with the WorldWay Immigration Group, expressed a strong desire for Turkey but had two concerns regarding property investment immigration: one was the fear of making a poor choice in property selection, and the other was the fear of asset depreciation due to fluctuations in the lira. As a result, clients with strong preferences opted directly for the deposit model, making the Turkish deposit immigration project highly sought after by immigrant investors!
1
The plummeting Turkish lira has prompted many immigrant investors to shift their focus to dollar deposit projects.
Generally speaking, when buying property in Turkey, investors need to pay attention not only to prices calculated in dollars but also to prices measured in the local currency, the lira. Data shows that since the outbreak of the global pandemic, the exchange rate of the Turkish lira has been on a downward trend since early 2020, and by May 2021, the lira's exchange rate against the dollar had dropped to 8.6, breaking historical records. As of early September 2021, the lira's exchange rate against the dollar remained around 8.2. According to the Financial Times, the Turkish lira has depreciated by approximately 40% from early 2020 to the present!
For example, if in January 2020, an investor purchased a property in Turkey worth $250,000, based on the exchange rate at that time of approximately 5.9, they would need to pay about 1.5 million lira. However, during the year of property purchase, due to a 40% depreciation of the lira, the same property valued at $250,000 would require the investor to pay over 2 million lira to acquire it. This means that the rate of increase in the property price does not keep pace with the depreciation of the lira. Many investors have gradually realized that it is challenging to maintain the original value of the property purchased through property investment immigration in Turkey.
Due to the plummeting Turkish lira, the most direct impact is the increased risk of property transactions priced in lira. Against this backdrop, dollar deposit projects have become highly popular among immigrant investors. An increasing number of Turkish immigrant investors are turning their attention to dollar deposit projects, viewing dollar deposits as a safe-haven immigration investment.
2
The advantages of Turkish deposit immigration are numerous, depositing in dollars and enjoying dollar interest.
Currently, the procedures for Turkish deposit immigration are simple and convenient, with fast approval times, no language, education, or residency requirements, no proof of source of funds needed, and no need to provide a criminal record certificate. The entire process can be handled domestically, and several banks in Turkey allow for remote account opening without the need to visit in person, greatly facilitating investors!
In fact, if investors choose to deposit in local Turkish banks, it is merely relocating their savings. After three years, the deposit can be withdrawn at any time, and in addition to earning fixed deposit interest, they can also obtain Turkish citizenship! Importantly, the account opened by the applicant is a dollar account, with deposits in dollars, enjoying dollar interest, and withdrawals also in dollars. Turkish deposit immigration not only alleviates investors' concerns about making poor property choices and the fear of asset depreciation due to lira fluctuations but also addresses multiple needs such as children's education, asset allocation, and global travel!
Advantages of Turkish Deposit Immigration
Simple method: $500,000 fixed deposit for 3 years, directly applying for Turkish citizenship, and the deposit can be withdrawn after 3 years.
Flexible conditions: No language, education, residency, or explanation of source of funds required.
Fast approval: Passports can be issued in as little as 3-6 months.
Free movement: Visa-free and visa-on-arrival access to 112 countries and regions worldwide.
Gateway to the United States: Eligible to apply for an E-2 visa for quick entry into the U.S.
High added value: A passport from a candidate country for the European Union, a major country among the G20 that offers investment citizenship programs.
Turkey is currently a major geographical, demographic, and economic power from the Eurasian continent among countries that have opened citizenship programs, and it is also a major country among the G20 that offers low-cost investment citizenship programs! The launch of the Turkish investment citizenship plan provides global investors with an excellent opportunity for immigration investment and creating overseas homes! Moreover, Turkey has set a clear goal to join the European Union within the next five years, at which point the value and significance of its passport will be self-evident. With the closure of the Cyprus EU passport program and the significant increase in investment requirements for the Malta EU passport program, the Turkish investment citizenship program will be one of the best options for investors to conveniently obtain future EU passports. Investing now means potential future gains that may exceed expectations! For high-net-worth individuals looking to achieve overseas asset allocation, early investment is advisable!
As a proactive promoter of European investment immigration projects, the WorldWay Immigration Group, which has been promoting the Turkish investment citizenship project in China since early on, held an official launch conference and China initiation ceremony for the Turkish investment citizenship project in April 2019, in collaboration with the Turkish Embassy in China, the Shanghai Consulate, and the Guangzhou Consulate. This event, which has attracted global investor attention and anticipation, officially introduced the Turkish investment citizenship project to China, marking a groundbreaking event that will be recorded in history!
WorldWay Immigration executives and senior officials from the Turkish government jointly launched the "Official Launch Conference and China Initiation Ceremony for the Turkish Investment Citizenship Project."
WorldWay Immigration Group, a top 500 Asian brand focused on investment immigration for over 20 years, has maintained good interaction with the Turkish government and is your ideal choice for processing the Turkish investment citizenship project! For more details, please call the WorldWay Immigration service hotline, Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798
*Investment carries risks; the above information is for reference only.*