Do you know the benefits of rental guaranteed property in Turkey?

The biggest benefit of investing in a rental guaranteed property in Turkey is the citizenship by investment program set up in 2018.

The first question that would come to mind is, "Why would I want Turkish citizenship in the first place?" Turkey is a true amalgamation of Western and Eastern cultures. Spread over Eastern Europe and the Middle East, it is highly industrialized, has a young population, and a booming middle class. It is a beautiful country with a stunning landscape and dynamic nightlife.

Compared to other countries that offer citizenshipby investment (Jordan, Cyprus, and Cambodia, for example), Turkey has one of the highest GDP rates per capita.

Besides the high-quality lifestyle, one can lead in Turkey, and the Turkish passport has other advantages like visa-free travel to more than 110 countries, including Japan and Latin America. Citizenship is also given to the spouse and can be passed on to the children.

You need to invest USD 250,000 in property in Turkey to qualify for a passport. You can buy any sort of property that appeals to you, a villa, an apartment, or undeveloped land.

 It is an investment that gives an excellent return on investment. In the last decade or so, real estate in Istanbul, the main city in Turkey, has doubled its value. Developing rental guaranteed properties in Turkey is an excellent option for a citizen of the world.

The process for obtaining citizenship by purchasing property is straightforward. You don't need to learn to speak Turkish, nor do you have to have lived in the country for some years. Here are the main steps involved:

Find your dream property and buy it: If you are not familiar with the right areas to invest in property, you should hire a realestate agent to give you the right advice. You should also get a tax registration number and open a bank account in your name.

2.  Get certified: To prove that you have met the eligibility criteria and made the necessary investment, you should get a certificate from the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.  You may need some help from a consultancy service to complete this process smoothly.

3. Get a permit: Turkey has one of the simplest residence processes in the world. Once you buy your property, you should get a residence permit. It only takes a day to obtain.

4. File a citizenship application: As soon as your residence permit is granted, you can submit your paperwork to the Provincial Directorate of Census and Citizenship. You can often do steps 3 and 4 on the same day and leave the country if you wish to go back home. There are no other processes, no interviews, or checks. You will receive your Turkish passport within a fortnight.

Remember that the property you invested in can generate a good income. So if you like to have a global footprint, invest in a rental guaranteed property in Turkey today.