Uglobal Immigration Magazine Volume 2, Issue 1 | Page 115

UGLOBAL.COM 113 TURKEY ATTRACTS INVESTORS WITH NEW CBI PROGRAM & LOWERED INVESTMENT AMOUNTS BY / BARIS ERKAN CELEBI New regulations in Turkey offers foreign investors the opportunity to become citizens with a $250,000 investment in a residential property or a $500,000 investment into a business. T urkey is one of the fastest growing economies in Europe with its foreign trade volume exceeding $391 billion annually. From 1999 until 2019, GDP Annual Growth Rate in Turkey averaged 4.64 %. Turkey’s biggest trade partners are Germany, Russia, the United Kingdom, UAE, China, France and the Netherlands respectively. With Germany alone, Turkey’s trade volume reaches over $21.3 1 2 1 2