Frequently Asked Questions About Turkey Citizenship By Investment
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 law firm istanbul 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.
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.
Invest 250 000 Usd & Get Turkish Citizenship Directly!
Or, you can apply through buying USD 500,000 government bonds and on condition of holding them for 3 years. You can also get Turkish citizenship through USD 500,000 deposit to a Turkish Bank on condition that the amount is deposited for a minimum of 3 years and also not to be withdrawn during this period. You can receive the valuation report to be submitted to the Land Registry Directorate for citizenship transactions from our Capital Markets Board licensed company. • A person of foreign nationals in Turkey, you can buy real estate at more than 30 hectares. After selecting and completing your preferred investment option, we will arrange for you to grant power of attorney to our lawyers so that we can start the application for your Turkish citizenship. At CIP Turkey, we take great pride in assisting clients from around the world in obtaining Turkish citizenship, via the multiple investment options at their disposal.
The certificate of the marital status and the marriage certificate if married, if divorced the divorce document, the widow’s death certificate. Foreigners may acquire Turkish citizenship in exceptional cases as referred to in Article 12 of the Law. If the immovable to be acquired is subject to mortgages or purchased as a mortgage in determining the value of the mortgage cost by taking the remaining part will be taken into account. The mortgage amount will not be taken into account if the mortgage is cancelled within 5 working days at the latest after the transaction. Turkish Official Gazette published on Wednesday the decision to amend the executive regulations on the application of the Nationality Law, in several ways. After all approvals from the relevant institutions are received, the application will be concluded with the Presidential decision.
Regarding To Fees For Citizenship Application
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.
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.
Opening A Turkish Bank Account
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, law firm 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.
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 .
Deposit At Least 500,000 Usd To Bank
The payment amount of at least 250,000 USD must have been transferred from the buyer to the seller through the bank prior to the title deed transfer. The real estate must be appraised by an authorized appraisal company with a special license and approved by the Land Registry and Cadastre Directorate. In addition, there are certain rules and restrictions regarding previous owners of the property. Therefore, we highly recommend you to ask for legal and real estate consultancy before you apply for the Turkish Citizenship by Investment Programme.
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 Turkish citizenship 250.000 USD 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.
Legal Basis To Turkey Citizenship By Investment Program
Accompany you to the Title Deed Office in order to sign the purchase and sale deed. AnEnglish-speaking attorneywill prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. For more than a decade we offer our interior design and decoration services and we are proud to say we are among the best in our business. We could give you a hand when you want to change your old furniture, to change the design of your home or to refresh the old look of your house.
After becoming a Turkish citizen, living in Turkey continuously is not necessary. Initially, to buy a property, you need a passport and local tax number, of which we will help you to obtain. You will also need the tax number as well as a utility bill from your home in the country you are living in, to open a Turkish bank account. For resale properties, the buyer and seller agree on the handover date.
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.
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.