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Turkish Citizenship by Investment

Turkey

But why would you want a Turkish passport in the first place?

  • Turkey is a vast country that straddles the Euroasian continent, with one foot in the Western European world and one foot in the Middle East. And, with a population of 85 million people, a median age of 31.5 and life expectancy of 76, Turkey is a country that’s highly dynamic and a true amalgamation of cultures.
  • Turkey is also industrial powerhouse and has the nominal GDP of $1.029 Trillion. It has GDP of $3.537 Trillion at PPP making it 11th largest economy worldwide.
  • Its rich culture and stunning landscapes drew over 50 million people to its beaches and cities in 2022 which is 4th highest in the world. But tourism isn’t its only thriving industry as Turkey is a newly industrialized country producing everything from drones, cars, heavy industrial equipment to home appliances having total exports of approx. USD 260 Billion.
  • Turkey has many great fundamentals, including the young population, its location, and its emerging market status, among many other factors that make it a highly interesting country for investors to engage with. Country is vastly Muslim with liberal values of Europe.
  • Turkey is a member of the G20 and leading member of NATO for 2023, as well as a candidate for EU membership. They have already aligned all the requirements of EU membership. There is no denying that it’s a regional economic powerhouse and the world’s 11th largest economy as per IMF.

It also has one of the highest GDP rates per capita when compared to other countries that offer citizenship by investment.

The Knight Frank Global Residential Cities Index, Q1 2023

RANKED BY ANNUAL % CHANGE (Q1 2022-Q1 2023)

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Knight Frank is a British research and valuation firm founded in 1896 headquartered in London, UK, having 488 offices worldwide. Every year, based on their extensive market research, they publish a report titled as “Residential Cities Index” comparing the top performing cities of the world ; Istanbul is consistently among the top 3 cities for last four years.
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Turkish Citizenship By Investment

Turkey is a major transcontinental country strategically positioned and bordered by three seas. A popular tourist destination, Turkey’s location facilitates connectivity with key markets via excellent transport links. Its location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance.

Turkey offers a fast route to acquiring a second passport within 3-4 months, through property investments from $400,000 which is refundable after 3 years. The program features a straightforward application process without any obligation to declare the investor’s assets or income generated in other countries, and without their physical presence being required. Whether it is purchasing property as an alternative residence, or as a solid investment with high ROI potential, there are a wide range of modern apartments and luxury seafront villas, all at highly competitive prices. Investors can benefit from rental income and may re-sell after 3 years with highest capital gains as compared to rest of the world. The program offers simplified routes to relocating to UK or USA under respective visa categories available for Turkish nationals.

“Invest in real estate, rent it at 7%, then watch it appreciate in value at 100% per year and sell it three years later. The Turkish citizenship is yours.”

Requirements of Turkey Citizenship-by-Investment

To qualify for citizenship, the main applicant should fulfil the following investment requirements:

  • Acquire at least USD 400,000 worth of real estate

Please note that this amount used to be USD 1,000,000 however since midst of 2022, Govt. has reduced the investment requirement to USD 400,000.

Locally Licensed, Globally Recognized

Blacksea leverages its local license and local presence to continuously expand its deep-rooted, long-term relationships with over 300 institutional and non-institutional clients to form highly targeted investment engagements for each project with whom it partners. Currently, Blacksea’s relationships include the region’s largest, over 200 Central Asia, South Asia, North America & GCC-based mid-tier investors, over 50 local family offices and UHNWIs, and numerous corporate entities intending to acquire real estate assets in Turkiye and/or forge international partnerships. With a mission to provide our investors access to institutional-grade real estate investment opportunities in Turkiye, Blacksea provides industry-leading expertise, regulatory compliance, and local coverage to help project developers and investors establish long-term partnership.

Blacksea also serves as advisor for bridging gaps and arranging JV arrangements between Contracting & Engineering firms globally to jointly bid for large-scale infrastructure projects through our subsidiary www.blackseacorp.com . Blacksea also works as brokerage firm for Agri commodities suppliers based in CIS countries, Ukraine & Turkiye to increase their geographic footprint through our another subsidiary www.blackseacommodities.com . We help local companies to expand on a global scale and leverage their products to a larger customer base. In essence, we develop the business for our large-corporate clients internationally and provide them with access to the markets which otherwise have high-barriers of entry.

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About Blacksea

Black Sea Emlak Yatirim ve Ticaret A.Ş. is a multi-disciplinary and most deeply connected corporate advisory & real estate investment firm. Founded in 2020, headquartered in Istanbul, Blacksea has local coverage offices in Lahore, Brimingham & Dubai. Owing to our geographic location and local network, we specialize in real estate investments in Turkiye and provide Turkish citizenship as complementary service. Over the last 4-years we have been delivering min 60% ROI p.a. to our investors through real estate investments. Blacksea prides itself on continually strengthening its deeply-rooted relationships with the South Asia, North America & GCC’s most significant expat and local population, mid-cap institutional investors, and family offices. Blacksea specializes in raising investor interest for Turkish real estate investments from our foreign investors who allocate between $0.200 million to $2.000+ million per commitment.

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