Acquisition Of Turkish Citizenship By Investment
There are several paths leading to Turkish citizenship 250.000 USD and it is hard to say which the best one is. The most affordable option, however, is investing into residential accommodations or some other type of property that is worth not less than US$ 250,000. After three years, you can sell it back while keeping the Turkish passport. The candidate for Turkish citizenship shall have sufficient financial resources to make the investment in the required amount and to cover all the expenses accompanying citizenship acquisition. No applicant for Turkish citizenship shall have a criminal history neither in Turkey nor in any other country where he or she has resided over the last twelve months. Marriage certificate if a family is applying for Turkish citizenship.
On the issue of selling a property, the real estate can be sold out after 3 years once you purchased the property. This condition is only valid for a person who applies for a Turkish passport. People aiming for an investment commercially are free for what they are willing to do with their properties. Carry out the necessary investment transactions such as property title deed transfer, cash deposit, government bond/share purchase etc.
A detailed checklist will be provided and you will be guided through the document collection stage. Experienced immigration advisers will check all documents for compliance to ensure all requirements are met. In case of the refusal of the application; you will also benefit our “dispute resolution and litigation” services through administrative justice without any extra service fees charged. A random attorney who is picked by the real estate or -so called- “consultancy” agencies can do anything with your personal documentation. Providing detailed legal guidance, assistance and consultancy during the investment, depending on the type of investment.
Finally, you can also obtain a Turkish passport by creating 50 jobs in Turkey. Being a Turkish Citizen and having a Turkish passport has become more important for many foreigners. The meaning of being a Turkish citizen is taking various advantages from free health services to visa-free travel to more than 100 countries. Especially, Turkey citizenship for Indians is one of the principal opportunities that open many doors on a global scale. The Turkish Citizenship Law no 5901 has been amended to regulate Economic citizenship by investment. The citizenship programme was introduced in the Government Gazette on 19th of September 2018.
Documents Needed For Turkish Citizenship By Investment Application
A Turkish passport offers visa free access to more than 150 countries around the world, as well as the opportunity to engage in Turkey’s diverse economy. Our law lawyers are ready to apply citizenship with bank deposit, they will assist you to open a bank account. We generally open bank accounts with a Power of Attorney given to us by our clients. Some of our client give us PoA in their own country either at Turkish Embassy or local notary and apsotille.
Although only purchasing real estate shall not grant a right to apply Turkish citizenship by way of making a fixed capital investment, expenditures for the purchase of real estate are considered as part of the investment. Thereby, although it had been possible to acquire Turkish citizenship through investment as of 2016, there were no certain criteria for those who was planning to invest in Turkey. The regulation also covers foreigners who deposit a minimum of $3 million in Turkish banks. The deposit requirement of a minimum of $3 million in Turkish banks was also lowered to $500,000. A similar regulation applies to foreign investors who hold government-issued bonds worth at least $500,000 that are not diversified for three years. The previous minimum requirement was $3 million for government bond holding foreigners.
Persons who meet one of the conditions indicated below can re-acquire Turkish citizenship, upon Ministry decision, regardless of their residence period in Turkey provided that there is no obstacle with regard to national security and public order. A child born in Turkey, but acquiring no citizenship from his/her foreign mother or foreign father acquires Turkish citizenship by birth. Although some see it as a short-term stimulus measure to revive the economy that has recently been underperforming, it could also be interpreted as Turkey’s move to take its share from the global citizenship industry. Besides, investors are free to enjoy the benefits generated by their investment, such as interest yield and rental income, throughout the entire process. Investors participated in the program are endowed with full citizenship rights and responsibilities as if they earned Turkish citizenship by birth, including the right to vote and the right to be elected for public office. A similar set of documents must be prepared for each dependent wishing to acquire Turkish citizenship alongside the investor.
It offers visa free travel to most of Latin America, much of Africa, the Middle East, Korea, Japan, South East Asia and most non-EU European countries. You are then issued with a naturalization certificate, and can apply for your passport. All the information concerning the real estate transaction or bank deposit are then sent to a sworn expert/appraiser who must appraise the value of the investment.
Foreigners who have been married to a Turkish citizen for at least three years can apply for Turkish citizenship. Applications for residence permits from outside Turkey are made to the Turkish consulates in the countries where the foreigner is a citizen or legally residing. Similarly, short-term residence applications can be made from Turkey. The foreign investor must appoint a representative authorized by special power of attorney in Turkey if he/she wishes to apply from Turkey while he/she is abroad.
You can find the exact information on the official migration service website. Those who plan to buy a house in one of the Turkish cities to earn money staying permit turkey on rent or use it as an overseas residence often have the same questions. They relate to obtaining a Turkish residence permit and citizenship.