Turkey Office

Turkish Citizenship By Investment Process In 2021

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A similar set of documents must be prepared for each dependent wishing to acquire Turkish citizenship alongside the investor. Documents prepared in the applicant’s country of birth/domicile need to be approved either by Turkish consulate or authenticated with apostille by the competent local authority if such country is a party to Apostille convention. This article aims to outline the conditions with regards to the acquisition of Turkish citizenship by investment and to reflect the application procedure in light of the latest practice. So buying real estate in Turkey is still a solid choice if you’re looking to get a second citizenship. If having another passport is your top priority instead of profit, then real estate in Turkey may be worth it – just don’t expect an optimal investment.
turkish citizenship by investment
Use of our websites FlagTheory.com, Incorporations.io, Residencies.io, Passports.io, is subject to ourterms and conditions. Once we have confirmation from the Ministry of Economy, we will submit your citizenship application Turkish work permit to the Ministry of Interior. This excludes gains from the sale of real property held for more than 5 years. Certain gains derived from the sale of shares and capital market instruments may be tax exempt.

Are Real Estates Purchased In Installments Or Under Construction Valid For Citizenship Application?

Whether it is purchasing property as an alternative residence, or as a solid investment with high ROI potential, there is a wide range of modern apartments and luxury seafront villas, all at highly competitive prices. Investors can benefit from rental income and may re-sell after 3 years. The program offers simplified routes to relocating to both the UK and USA under respective visa categories available for Turkish nationals. Investors may relocate to the UK through the Turkish Businessperson Visa and start the journey to British Citizenship. Additionally, there is an option to reside in the US as an E-2 Investor.

Turkey has eased the financial and investment criteria for foreigners who want to become Turkish citizens as the country copes with its currency crisis caused by US tariffs. The authority to apply for foreigners who meet these conditions is the governorates where the settlements are located. Afterward, a preliminary examination is carried out by the application authority about the foreigner who wants to acquire Turkish citizenship. An investigation is requested from the provincial police directorate about the foreigner. Unemployment is another universal problem of states and qualified investors that create employment areas are generally accepted option for conferring citizenship around the globe.

Citizenship In Europe

Original payment receipts from the buyer’s account, live stamped for validity from the sending bank. Occasion Propertyis a one of the leading real estate companies in Turkey. With experienced and certified consultants, we assure to provide the best below market value prices. As being team of Istanbul insiders, we are aware with the best and trusted realtors and real estate agents in Istanbul. You should also know that, which is good, you don not have to live in Turkey before or after you purchase property in Turkey.
turkish citizenship by investment
To get detailed information on other types of Turkish citizenship investment program please click here. Foreigners who create employment for law firm at least 50 people acquire Turkish citizenship. The process is overlooked by the Ministry of Family, Labor, and Social Services of Turkey.

We have successfully advised several Chinese Clients who have already obtained Turkish Citizenships. It is sufficient to meet one of the investment requirements for Chinese citizens to get Turkish Citizenship. It should be noted that the required documentation and the attestation of the documents will have to be evaluated carefully for Chinese as these are subject to a different procedure, prior submitting new Turkish citizenship applications. This is another very attractive option of Turkey citizenship by investment program. You can indeed entirely choose a new Turkish name and surname prior submitting new Turkish citizenship applications.

In 2019, My Turkish Passport successfully helped 750 foreign nationals gain Turkey citizenship by investment. They are well-equipped to identify appropriate investment option3s and provide reliable guidance throughout the immigration process. They also offer expert assistance for achieving your long-term immigration goals by filing an E-2 Visa application for moving to the USA or a Turkish Businessperson Visa application Turkish citizenship 250.000 USD for moving to the U.K. The program is a cost-efficient migration route to Turkey, one of the EU candidate countries. Turkey Citizenship by Investment program is one of the least pricey citizenship-by-investment programs in the world. Through investing an amount of USD 250,000 in real estate or making a deposit of USD 500,000, applicants can acquire Turkish citizenship and obtain a Turkey passport in around 8 months.

What Is The Turkey Citizenship By Investment Program?

(This document will not be needed in the event that both spouses apply for nationality. The completed application form for obtaining the exceptional Turkish “real estate” citizenship (the application must be filled out clearly without deficiency or errors and signed by the applicant or the representing agent. If you are looking for property for sale in Istanbul, than options are endless. Whether you are looking for a main residence, great houses, a secondary one, apartments, flats, holiday homes, or merely a rental investment, Istanbul is one of the perfect cities in the world to invest in.
turkish citizenship by investment
2) Obtaining a “short-term residence permit” in accordance with the Article 31/1-j of the Foreigners and International Protection Law. In this bulletin, we explain the conditions and related procedure that a foreign investor must provide in order to acquire Turkish citizenship. Would you recommend going for a Turkish citizenship or a Grenada citizenship before applying for the E2 visa. Would also like to know if the amount invested in real estate in Grenada is recoupable or not.

Any Questions Regarding Turkey

With its strategic location and convenient travel options to Africa, Asia, and Europe, you’ll have the world on your doorstep. Invest a total of at least $250,000 (₹1.8 Crore) in one or more Turkish properties before proceeding with the citizenship application. A key benefit after obtaining Turkey citizenship is access to exclusive U.K. These are two of the most popular immigration destinations with the most stringent immigration policies but have unique immigration pathways for Turkish passport holders. Turkey will undertake the necessary checks and balances in order to attract people with a large potential and sound reputation. Realista Turkey is an Istanbul based real estate company that understands the expectations of investors and produces tailor-made solutions with more than 15 years of experience.
turkish citizenship by investment
Investors also have the opportunity to apply for a short-term residence permit through the e-residence system. However, in this case, the relevant documents must be submitted to the General Directorate of Migration Management. In this bulletin, we will focus on how and when foreigners who invest in Turkey by obtaining a short-term residence permit can acquire citizenship in accordance with Article 31/1 of the Foreigners and International Protection Law. You can put that money in as a deposit in a Turkish bank, you can buy government bonds, or you can buy real estate or venture capital investment fund shares. With our 15+ year experience on global mobility and immigration as PwC Turkey we undertake the citizenship by investment application process from start to end and provide all the associated consultancy and assistance around citizenship.

Apply to the Ministry of Labor and Social Infrastructure for a conformity certificate. The Ministry officers will inform you about the documents that you have to bring in order to obtain the certificate. The state body that the candidate for citizenship has applied to will consider the application. Apply to the Ministry of Industry and Technology for a conformity certificate. The assessment of the property that you own will be made by the authorized Government agency and its worth has to be not less than US$ 250,000 at the time when the assessment is made. Apply to the Ministry of the Environment and Urban Development for a conformity certificate.
turkish citizenship by investment
Anyone who wants to be a Turkish citizen can apply for Turkish citizenship if they meet the investment conditions. After the application to The General Directorate of Land Registry and Cadastre, real estate appraisers check if the purchased property is worth $250,000 or not. Being a Turkish citizen brings many benefits both for investors and their families in terms of social life, financial opportunities and easy travel. Turkey guarantees the welfare and future of them with free healthcare and education services provided to its citizens. Become a citizen of Turkey within just 60 days and enjoy all the benefits that come with Turkish Citizenship. As a naturalized Turkish citizen, an investor seeking to set up a business in the UK or USA has enhanced opportunities to do so, and is able to consider relocation alongside their entire family.
turkish citizenship by investment
Every individual prefers a progress-inclined and safe place to call home. And, because Turkey enjoys economic growth, security, infrastructure, and progress generally, it’s now a dream location for lots of people. Additionally, it depicts a strong root that supports both the European Renaissance and developed countries.

It’s essential to deposit such amount to banks that operate in Turkey. Therefore, it is not possible to assume an amount as convenient for the Turkish citizenship application which is deposited to a bank in abroad even if it is a branch office or association of Turkish Bank. Prepare residency application documents for Client, his wife and children.

They will allow you to retain your old nationality and then, you not take any particular action concerning the old nationality. One can get citizenship of Turkey through birth, naturalization, adoption and by investment. The applicant can include his or her spouse, dependent children who are below the age of 18. This needs to be attested by the Ministry of Labour, Family, and Social Services.
turkish citizenship by investment
Depositing at least 500,000 $ or equivalent foreign currency or Turkish lira in a Turkish bank with the condition not to withdraw the same amount for at least three years is one of the ways of obtaining Turkish citizenship. The process is overlooked by the Banking Regulation and Supervision Agency of Turkey. She has a significant experience on Turkish citizenship by investment program as well as obtaining Turkish residency and work permits, and other Global RBI and CIP programs. This preeminent international migration, citizenship and residency experience as well as our traditional corporate working culture paved the way for us to become the leading law firm advising on Turkish citizenship by investment. In principle it is possible to open a new Turkish Bank Account with a Turkish Tax ID number, not necessarily without having a Turkish residence or a work permit in place. However, bank account opening procedures and the required documents vary for each bank in Turkey.

The investor’s family obtain the second nationality at the same value of the investment without additional fees. Applying for and securing Turkish citizenship is straightforward and quick. Apart from Visa-free access to over 110 countries and the US E-2 Visa scheme, allowing you to relocate to and start a business in the United States, a Turkish passport also opens the possibility of setting up home and business in the United Kingdom. As the 16th largest economy in the world, Turkey boasts a young dynamic population.

The effective selling rate and/or cross rates announced by the Central Bank of Turkey on the date the investment has been made are taken into consideration for determination of the value of investment in US dollar terms. Investors who participate in the program have the opportunity to acquire Turkish citizenship together with their spouse, children under 18 years old as well as children who are over 18 years old but remain dependent due to their medical condition. Over the past decade, the Turkish government has made significant reforms to attract and encourage foreign entrepreneurs to invest in Turkey. All such reforms mainly focus on liberalising the investment regime, aiming to boost inflow of foreign capital, including not only monetary capital but high-skilled human capital as well. After you have found an investment and submit the application, the citizenship processing is fast. Citizenship to Turkey is fast with just 6 months from your arrival to find a suitable investment in Turkey.

It is possible to acquire Turkish citizenship in 5 years by buying property at any price. Checking whether the property that you plan to purchase is suitable for Turkish citizenship conditions and providing the most accurate information and guidance. After the eligibility of the application for citizenship of Turkey is determined, it is signed by President Recep Tayyip Erdogan and the Turkish citizenship process is completed. Parental Consent Letter (For the child under the age of 18 who will receive Turkish citizenship of the applicant. Must be issued by a notary, overseas representative or competent authorities of his / her country. Turkey allows foreign nationals to invest in different channels in the country and to obtain the right to citizenship. According to the law, now it is guaranteed to obtain Turkish citizenship by marriage, birth, paternity and by making an investment in Turkey.

An investment in a residential property valued at a minimum of $250,000 USD is required for the right to a Turkish citizenship and passport. Although Turkey has eased the procedure for citizenship by investment, it is important to comply with the procedure giving attention to details. Mistakes or deficiencies in the application process may result in delays or rejections. As ADMD, we offer turn-key legal support by our expert associates to assist our clients to achieve their targets. Real person foreign investor who are entitled to acquire citizenship by making a fixed capital investment, shall not transfer their shares to another real person or legal entity for at least three years.
turkish citizenship by investment

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