There are several factors that made Turkey the best residence and investment destination for residents from various Arab communities on its lands, in light of the political and social instability experienced by most Middle Eastern countries.
Perhaps the main reason that makes Turkey the first thing that comes to mind when thinking about immigration and investment is the cultural and intellectual affinity, and the reassurance that you will live with your family in a Muslim country with eastern customs and traditions.
In this article by Rumeli Real Estate, we will discuss the reasons that prompted the Arabs to choose Turkey as the best destination for residence and investment, so carry in reading…
Why is Turkey the best residence destination for Arab residents?
1- Strategic location, temperate climate, beautiful nature
Turkey’s strategic location makes travel to it by airlines take a period of no more than 4 hours, in the most remote Arab cities, while transportation takes fewer hours in nearby countries, such as Iraq and Syria, which are located on the Turkish borders.
Turkey’s diverse climate and its picturesque nature, which brings peace and comfort, is one of the factors that attract foreigners of Arab nationalities to reside and settle in its cities.
2- Low cost of living for premium services
Self-sufficiency in local production has led to lower prices of goods and services in Turkey compared to foreign and Arab countries, and the costs of renting apartments and houses are also low, especially in the neighboring provinces of Istanbul.
3- A European country with an Islamic identity and oriental customs
One of the most important reasons that encouraged the Arabs to reside in the “Paradise of the Earth” is that Turkey is a country with an Islamic identity, where the call to prayer is louder than its mosques spread in all its neighborhoods.
Turkish customs and traditions, with an oriental character, encouraged Arab communities to stay with their families in their cities and neighborhoods, without worrying about their children losing their Arab and Islamic identity.
4- Distinguished services in the fields of health and education
There are health centers that provide the highest level of medical services throughout Turkey, and in the Turkish provinces, there are public and private universities that have achieved scientific achievements at the local and international levels.
In addition to the availability of schools with diverse educational curricula, there is the British, American and Turkish curricula, as well as the Arabic curriculum offered by some Arab schools.
All of this is offset by low costs in private schools and universities, but in the case of enrolling in government educational institutions, education will be free of charge, whether for Turks or for Arab residents.
Why is Turkey the best investment destination for Arabs?
There are various aspects of investment in Turkey, between real estate, industrial, health, tourism, agricultural and animal investment, amid government incentives and facilities, which encourages the investment experience, and makes Turkey the best place to invest for Arab residents.
Among the most important advantages of investing in Turkey:
1- Real estate residence permit and Turkish citizenship
The most popular type of investment in Turkey, which is accepted by the Arab resident, is real estate Investment; In addition to the profits that it achieves, it qualifies the owner to obtain real estate residence and stay in Turkey on a regular basis.
This is in addition to granting the investor an opportunity to obtain Turkish citizenship and get a Turkish passport, along with his family members, according to the conditions stipulated in the text of the new Turkish citizenship law, if the value of the property is $400,000 or more.
2- Availability of manpower
In Turkey, trained manpower is available in various fields at moderate wages, and this of course encourages Arab residents to establish private companies and factories, as well as animal investment and agricultural land reclamation.
3- Investment incentives & Low taxes
Turkish laws grant investors on its territory many privileges and tax incentives, such as payment facilities, reduced customs duties and exemptions from some of them, as well as reducing the value of taxes on real estate investment.
4- A transcontinental transportation network
The Turkish government pays great attention to roads and bridges; It established a transcontinental transportation network with a technologically advanced infrastructure, which resulted in a variety of rapid transportation alternatives, land and sea, at low prices.
All this and more, making Turkey a fertile environment for foreign investments in various sectors, in which the Arab resident achieves profitable profits, with many advantages that make his life easier.
In this article, we have provided you with an adequate answer to the reasons that prompted Arab expatriates to consider Turkey the best destination for residence and investment.
If you would like to learn more details about investing and living in Turkey, contact Rumeli Real Estate team and get a free consultation on investment and residence that suits you…
Our team of experts will show you a group of the finest residential units that suit your living needs and match your budget, then we will help you to obtain real estate residence permit or Turkish citizenship after receiving the title deed and completing the purchase procedures… Contact us now!!
Edited by: Rumeli Real Estate©
Source: Turkish Investment Office