The Vanuatu Citizenship Investment Program, launched in 2017, is a unique offering in the southern Pacific Ocean region.
Why is it profitable to invest in Turkish real estate?
Today we will talk about the main advantages of buying real estate in Turkey.
Fast growing market
Turkey is one of the fastest developing countries in the region, which leads to an increase in demand for real estate. According to the latest report from the Central Bank of Turkey, house prices rose by 153% in January 2023.
High level of profitability
Purchasing a property is a profitable investment, as it can be sold at a higher price or receive a stable rental income.
Comfortable taxation system
The acquisition of real estate in Turkey is associated with the payment of several types of taxes:
• The purchase and sale tax is 4% of the property value.
• Real estate tax depends on the cadastral value of the property and ranges between 0.6% and 0.1%.
• Income tax is paid on the property disposition and ranges from 15% to 35% of income.
Tax rates may vary depending on the region, but in general, the tax policy in Turkey is quite loyal.
Low property prices
The cost of real estate in Turkey is relatively low compared to European countries, which makes it more affordable for investors.
High level of tourism development
The country is one of the most popular tourist destinations in the world and has a developed infrastructure.
Citizenship By Investments Program
Turkey offers a Citizenship By Investment Program that allows you to get a passport when investing in real estate from $400,000.
Saint Kitts and Nevis has updated its citizenship by investment program to meet EU requirements and maintain a strong passport.
Opening a company in the UAE presents an attractive opportunity for business development. Entrepreneurs who establish a company in the UAE can obtain a residency visa and open a bank account in the Emirates.