Turkey announced its citizenship by investment programme in 2016. It grants residency, citizenship and a second passport to applicants investing either in real estate or a bank deposit. The real estate route is particularly attractive for investors. This requires a property purchase of a minimum of $250,000 + fees, making Turkey one of the lowest cost citizenship by investment programmes on the market. The real estate investment amount was originally set at $1 million but was drastically reduced in September 2018.
A Turkish passport allows visa free travel (or visa on arrival) to 125 countries worldwide. Turkey also holds out the possibility of eventual visa free access to the EU. Currently, talks are ongoing, although Turkey has some way to go in order to meet EU conditions. Turkey holds some good global connections. They have a E-2 Visa treaty with the USA, which means Turkish citizens are eligible to apply for US residency, through the E-2 Visa programme.
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