Turkey is home to over 80 million people and the gateway between Eastern Europe and Western Asia. Asides its rich history, culture and ideal geographic location, Turkey enjoys a highly developed infrastructure and stable economy – currently ranked thirteenth in the world with a GDP of $2.3 trillion. It has attracted tourists for a number of years and now, with a relatively low cost of living, is attracting new residents and overseas investors alike.
Purchase of a real estate property in Turkey with a minimum value of $250,000.-, such property shall also have an annotation of no -sale for at least three (3) years at the relevant title registry; or purchase a real estate which has a property ownership or a construction servitude on it, with a preliminary sale contract executed before a notary public and at least $250,000.- or amount of foreign currency or Turkish Liras has been paid in advance and such notarized preliminary sale contract should be recorded at the relevant title registry with the undertaking not to assign or de-register the agreement for a period of three (3) years.
A fixed capital investment of a minimum $500,000.- in a Turkish corporate entity.
Generate employment for at least 50 individuals in Turkey.
Deposit a minimum of $500,000.- to banks that operate in Turkey with the condition to keep such deposit at such bank for at least three (3) years.
Purchase minimum of $500,000.- state debt instruments of Turkey and keep them for at least three (3) years.
Purchase minimum of $500,000.- of Turkish real estate participation fund shares or Turkish capital investment trust fund shares and keep those shares for at least three (3) years.
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