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We always strive to provide the finest legal services and aim to provide crystal clear advice on the procedures and keep informed our clients regularly on all steps from Day1, up until the Turkish citizenship is officially obtained. We also provide further legal advice and services to all our clients once after the completion of the procedures, we advise in their new ventures in Turkey and Turkish law related legal requirements as new Turkish citizens. Our Turkey immigration Attorneys are very experienced and able to advise in multiple languages. We can also extensively advise you on your Ankara Agreement application should you consider relocating in the UK with your family. We prepare the business plans, and submit Ankara Agreement applications either directly to the UK Home Office through our office in London or via the British Embassy in Ankara or British Consul General in Istanbul, Turkey.
2) Obtaining a “short-term residence permit” in accordance with the Article 31/1-j of the Foreigners and International Protection Law. Turquoise Card holder foreigners and their foreign spouse, minor or dependent foreign child of their own or their spouse. The Tapu Office will calculate the value of your purchased properties on your application date according to the Turkish Central Bank’s selling rate. In case you give our Company a power of attorney, our Legal Department will follow up all processes related to your Turkish citizenship transactions. Only you and your first-degree relatives can apply for citizenship.
Turkish Citizenship By Investment: Requirements For Turkish Citizenship Buy Real Estate & Advantages
And the report approved by the valuation body operating under Article II attention of the regulation is requested. In addition, a real estate valuation report showing the market value is requested. The date of issuance of the Valuation report submitted during the acquisition application must be at most three months prior to the application date. Such valuation report shall be deemed valid until the transaction is completed.
Let’s explain with a few examples, when the corona virus first appeared in China, no one wanted to take their citizens from China, but Turkey evacuated its citizens with the planes they sent and brought them to Turkey. Let’s assume that you get sick outside of Turkey and lack the necessary health facilities. The Turkish Ministry of Health brings you to Turkey with 25 ambulance planes suitable for long and uninterrupted flights for such situations. And the Turkish health system, which provides all these services, does not charge any fee from these patients.
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Investors are not required to speak Turkish or live in Turkey for CBI applications. When applying for citizenship, investors may keep their other citizenship as Turkey allows dual and triple citizenship. While there are several ways to apply for Turkish citizenship, the most convenient and in-demand way of applying is Citizenship by Investment .
You, your spouse and children under 18 years of age can benefit from this right. The transfer of money must be sent to the buyer’s account in an explanatory form, this transfer must be documented with the statement of account during the application. The investor must be the owner of a business, a partner with a minimum share of 50% or a member of staff working in an important position. According to the Turkish constitution, the word Turk, as a political term, includes all citizens of the Republic of Turkey without distinction of or reference to race or religion. Although more than nine-tenths of the population identify their religious identity as Muslim, Turkey is nonetheless a secular country.
Questions About Turkish Citizenship
The owner of the property or his/her representative makes an application to the Land Registry Directorate. The Turkish opposition, “personalities and parties,” used the issue of granting a Turkish passport for only 250 thousand US dollars as a card to pressure the street and recruit it against Turkish President Recep Tayyip Erdogan in the 2023 elections. Real estate pricing in Turkey is in the Turkish lira, which made the value of real estate decline due to the decline of the Turkish lira against the dollar. Nothing is certain so far, but it is estimated that the amendment to the Turkish citizenship law will be within mid-2021, until the end of this year at the latest. Finding the most suitable and secure residential or commercial property that fits client’s preferences and investment plan. After 3 years, you can become a Turkish citizen provided that you can get back all your investments with legal income.
To understand how the Turkish CBI program came to be, we need to understand what sort of situation the country found itself in four years ago. If you are going to invest in Turkey and get its passport, it would only be wise to carefully monitor the political and socio-economic developments there. Turkey has many great fundamentals, including the young population, its location, work permit turkey and its emerging market status, among many other factors that make it a highly interesting country for investors to engage with. Its rich culture and stunning landscapes drew over 50 million people to its beaches and cities in 2019. But tourism isn’t its only thriving industry as Turkey is a newly industrialized country producing everything from televisions to home appliances.
What Are The Procedures And Steps Must Be Followed To Get The Turkish Citizenship Through The Real Estate Investment?
The title deed of the property must be registered on the person, for whom the citizenship is applied. The person who transfers the property value from the bank to the seller’s account must also be the person named on the title deed. Your married partner and minor children can also acquire Turkish citizenship under your application without further investment.
And all decisions issued so far only the conditions have not been clarified more by the competent ministries and in the event of any decision or anything will be updated conditions and will be published on the site and to update you on all developments. There are no restrictions against multiple citizenship in the law of the Republic of Turkey. The real estate prices have been steadily growing in the country for several years. However, other expenses have to be incurred when notarizing and legalizing the application documents. The amounts of these expenses can vary depending on the document type and the servicing professional/ organization.
Turkish Citizenship Fees For Each Family Member Applying For Turkish Citizenship
After tapu application, all process is followed in a special Citizenship Information Office in Istanbul and Ankara. The deposit requirement of minimum $3 million in Turkish banks is also lowered to $500,000. The regulation also covers foreigners who deposit a minimum of $3 million in Turkish banks. A similar regulation applies to those foreign investors who hold government-issued bonds worth at least $500 million which are not diversified for three years. We do perform legal services for property purchase and management for foreign clients.