Recently, according to data from the Turkish Statistical Institute (Turk Stat), Turkey's GDP experienced a significant year-on-year growth of 21.7% from April to June 2021.This marks a strong rebound for the Turkish economy in the second quarter of this year, reaching a record growth rate, and it is also the best data since 1999!
Data shows that Turkey's economic growth in the first quarter of this year was revised from an initial 7% to 7.2%. After seasonal adjustments, Turkey's second quarter growth compared to the first quarter was 0.9%, outperforming most G20 countries and ranking second among OECD countries!
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Turkey's economic outlook for 2021 is promising and widely regarded positively by many parties
In fact, in a recent assessment, the international credit rating agency Moody's raised Turkey's economic growth forecast for 2021 from 5% to 6%. In its 2021-22 Global Macroeconomic Outlook report, it also revised the growth forecast for 2022 from 3.5% to 3.6%. Moody's pointed out that the reopening of Turkey's tourism sector, supported by the ongoing global economic recovery and progress in vaccination, is driving its economic growth.
Due to the high base effect and the continued recovery of economic activity, the international credit rating agency Fitch Ratings also raised Turkey's growth forecast for this year from 6.3% to 7.9%, and reaffirmed Turkey's credit rating at "BB-" with a stable outlook. Fitch noted in its statement that "low government deficits and debt, stronger growth performance, and structural indicators" are significant advantages for the Turkish economy.
Moreover, due to the strong domestic economy and export sector, Wall Street investment banks JPMorgan and Goldman Sachs have also raised their growth forecasts for Turkey. JPMorgan stated that it has revised its GDP growth forecast for 2021 from 6.8% to 8.4%. It kept its 2022 forecast unchanged at 3.4%; Goldman Sachs further raised its 2021 forecast from the previous 7.5% to 9.5%.
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Turkey's investment attractiveness is strong, with many internationally renowned companies starting or increasing their investments in Turkey in 2021
Turkey spans two continents, Asia and Europe, implementing a European model in political, economic, and cultural fields. It is a candidate country for the European Union, a founding member of the Organisation for Economic Co-operation and Development (OECD), and a member of the G20. Turkey has a strong industrial base, is one of the world's emerging economies, and is also one of the fastest-growing countries globally. Its unique geographical location, vibrant workforce, and stable political and economic environment make Turkey an important strategic investment location!
As the thirteenth largest economy in the world, Turkey has attracted over $200 billion in foreign direct investment since 2002. With the rapid development of the Turkish economy, many foreign companies have recognized Turkey's investment potential. Since 2021, numerous internationally renowned companies, including Alibaba, Xiaomi, TCL, and OPPO from China, as well as companies from the UK, Germany, and Italy, have started or increased their investments in Turkey.
Turkey is not only experiencing explosive growth in attracting foreign corporate investments but also in personal investments. According to relevant statistics, the ranking of the top 10 investment immigration projects in 2020 shows that, based on the number of approved main applicants for each project, approximately 13,325 investors were approved for Turkish citizenship, an increase of 325% compared to the previous year! Currently, investors can apply for Turkish citizenship through the Turkish investment citizenship program by depositing $500,000 or purchasing real estate starting from $250,000, allowing the whole family to apply for a Turkish passport, providing convenient access to expand overseas markets and a great opportunity to quickly enter the Eurasian region!
Fast track to immigrate to Turkey: Deposit $500,000
In the current situation, for investors interested in investing in Turkey, the Turkish deposit immigration program is a good choice! Currently, the procedures for Turkish deposit immigration are simple and convenient, with a fast approval time, no language, education, or residency requirements, no proof of source of funds, and no need to provide a criminal record certificate. The entire process can be handled domestically, and multiple banks in Turkey allow 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 interest on the fixed deposit, they can also obtain Turkish citizenship! Importantly, the account opened by the applicant is a dollar account, with deposits in US dollars, enjoying dollar interest, and withdrawals also in US dollars. The Turkish deposit immigration program not only alleviates investors' concerns about potential losses in property selection and asset depreciation due to fluctuations in the Turkish lira but also addresses multiple needs such as asset allocation and global mobility!
Additionally, holders of Turkish passports can provide their children with access to quality education in Turkey, as well as international education without leaving the country, aligning with European and American educational standards, and increasing the likelihood of entering world-renowned universities. Furthermore, if children choose to return to their home country for development, they can enroll in prestigious domestic universities, such as Tsinghua University and Peking University, as international students without taking entrance exams. A Turkish identity offers children more choices for the future, easily achieving a balanced educational plan, which is truly a win-win situation!
Turkey is currently a geographical, demographic, and economic power from the Eurasian continent among countries with open citizenship programs, and it is also a major country among G20 nations offering low-cost investment citizenship programs! The launch of the Turkish investment citizenship program 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. Getting in now means future gains 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 immigration agency that introduced the Turkish investment citizenship program to China earlier, in April 2019, WorldWay collaborated with the Turkish Embassy in China, the Shanghai Consulate, and the Guangzhou Consulate to hold the official launch conference and China initiation ceremony for the Turkish investment citizenship program, officially introducing the highly anticipated Turkish investment citizenship program to China. This pioneering event will be recorded in history!
WorldWay executives and senior officials from the Turkish government jointly launched the "Official Launch Conference and China Initiation Ceremony for the Turkish Investment Citizenship Program"
As a top 500 Asian brand, WorldWay Group has maintained good interaction with the Turkish government for over 20 years, making it your ideal choice for processing the Turkish investment citizenship program! For more details, please call the WorldWay service hotline, Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798
*Investment involves risks; the above information is for reference only.*