New Turkish Citizenship Rules Encourage Foreign Investment
We can assure our clients that they will receive hassle-free service, by most experienced immigration lawyers and by most competitive price without their presence in Turkey. Apply to one of the authorized state bodies for citizenship of Turkey while bringing the documents specified above and the conformity certificate. Additional documents required to obtain Turkish citizenship via this particular investment option have not been specified by the Government of the country. The Turkish legislation requires that each application for citizenship of the country shall be approved by the immigration authorities. There are several reasons why people from other countries would like to acquire Turkish citizenship.
The Board officers will inform the applicant about the documents that he/ she has to supply in order to obtain the certificate. The Ministry officers will inform you about the documents that the applicant has to bring in order to obtain the certificate. Apply to the Bank Regulation and Supervision Agency for a conformity certificate. Apply to one of the authorized state bodies for citizenship of Turkey while bringing all the documents specified above and below including the conformity certificate. You can file an application for Turkish citizenship to any of these organizations.
Other Details Of The Turkish Cbi Program
Recorder of deeds declared values accept applications for citizenship is over $ 250,000. You can buy more than the total value of real estate to be at least 250,000 USD. Located deed after all references in this process is followed in Istanbul and Ankara Citizenship Information Office.
We invite you to consider the opportunity to acquire second citizenship of Turkey by investment into real estate or business in the country. In the text below, you will find what procedures are involved in the process and what application documents are required. You will also learn how you can become a Turkish citizen at an affordable price in a fast and carefree manner with the help of a licensed immigration agent in Turkey. USD value of the property is calculated based on the effective exchange rate of Turkish Central Bank at the date of transaction.
Benefits Of Turkish Citizenship By Buying Property
Whetheryou are looking for apartments, houses or villas in Turkey; Extra Property has a huge selection of new properties to offer you. Making sure you select the right property is crucial to us as we act as your consultant to guide you through the maze of opportunities, allow you to review and compare all the property details under one roof. You can law firm istanbul both have a solid investment with regular income and at the same time you can obtain one of the most sought citizenships in the World. You will get the full benefit of working with one of the most reputable and corporate law firms in Turkey working internationally for many years, advising on global and Turkish migration and citizenship matters.
There is no need to pay twice if Turkey has concluded an agreement on the avoidance of double taxation with the country of your first citizenship. Obtaining of Turkish citizenship by investment goes in several stages. Housing is very liquid – usually properties are sold in a couple of months.
Can The Foreigner Who Purchased A Real Estate Value Of 250, Usd Before This Law Is Issued To Apply For Turkish Citizenship?
They give Turkish citizenship to foreigners who have acquired 250 thousand dollars of property in Turkey. Those who do not leave ashes on the barbecue and become nationalists sell the citizenship of the Republic of Turkey not even with Turkish money, but with American dollars. First of all, you have to keep in mind always that you will be exempted from capital gains tax after 5 years of your buying. In other words; if you buy a property and keep this property at least for 5 years, you will not pay any income tax when you sell your property. You can only buy a property from a Turkish person or a Turkish company to be eligible to apply for Turkish citizenship.
In addition, our professional assistance for all legal procedures will always be with you. Once you have held onto your investment for the minimum period of 3 years, you will become a Turkish citizen for life, as will your spouse and children. 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. It is possible for a foreign investor to apply for a short-term residence without entering Turkey.
The sales price and the valuation should not necessarily be same as long as the buyer and seller are ok with the agreement. Or as second option, you can open an account here in a Turkish bank. First you can make the transfer to your account and then to the seller’s account. If you have any questions regarding Turkish Citzizenship program or Turkey real estate market, you can find the answer here.
The process is started when the necessary documents are received by the lawyers. For investment amounts, the effective exchange rate of the Central Bank of the Republic of Turkey is used and calculations are performed using the cross-exchange rate. Healthcare and education facilities are magnificent in European countries. Turkey is one of the European countries that have the best education and health care services. Furthermore, with a population of 78 million individuals, an average age of 31.5, Turkey is an exceptionally powerful nation and a dynamic combination of various cultures.
The minimum necessary investment to qualify for the Turkish citizenship by investment program decreased to 250,000 USD from the initial one million US dollars. Moreover, the Turkish programme offers various investment options, including bank deposits, capital investments and job creation. In the process of purchasing the real estate, an annotation would be placed on title deed of real estate for restricting the sale of property for three years. If you are looking for citizenship through some investment plans in the country, Citizenship by Investment is the best option for you all.
You only pay the standard consultancy fee and real estate purchase commission fee, land-property legistry costs, we follow all these transactions, documents, attorneyship, notary and so on. We pay all the fees for you, we give them to you as free gifts. Turkey announced its citizenship by investment programme in 2016. It grants residency, citizenship and a second passport to applicants investing either in real estate or a bank deposit.
The report that you have provided is going to be valid until the finalization of your citizenship application process. For most prospective investors, the real estate option is naturally the most attractive. It involves half the amount of capital commitment as the fixed capital contribution, and there is a much better prospective for earning a decent return on your investment in the form of rent income and capital appreciation. The final option of starting a company in Turkey involves a fair amount of complexity and is only worthwhile for those who are serious about running a genuine business in Turkey. As a leading consulting company in Turkey, advising on global and Turkish citizenship, we are pleased to say we have been assisting our clients to obtain their Turkish citizenship by investment in 2-6 months.
If the person has first or second-degree Turkish citizen relatives, identity register copy taken from the system by the designated authority of these persons. The certificate of marital status or the marriage certificate if married, the divorce certificate if divorced, spouse’s death certificate if the person is widow. We hope that our guidance will be helpful and guiding to those who are planning to acquire Turkish citizenship.
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