TURKISH CITIZENSHIP BY MEANS OF INVESTMENT
TURKISH CITIZENSHIP BY MEANS OF INVESTMENT
The new regulation of Turkish Citizenship by Investment came into force in 2018. There are some requirements in the law such as ;
1) Within the scope of this regulation, Turkey will grant citizenship to foreigners who buy any type of real estate in Turkey worth at least $250.000 under the condition that the property is not sold for at least 3 years. As a foreign investor is entitled to buy property in any part of Turkey by purchasing of valued minimum $250.000 USD or
2) making $500.000 capital investment, a foreign investor will be able to get Turkish Citizenship for himself and the family within 3 months along with other investment options. The buyer does not have to have a working and/or resident permit when they are buying property for citizenship purposes
According to the new Regulations regarding the Implementation of Turkish Citizenship Law, Foreigners who meet any of the following criteria may be eligible for Turkish citizenship:
Real Estate Investment
Acquiring a property worth a minimum of 250,000 USD (previously 1 million USD) or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years (attested by the Ministry of Environment and Urbanization)
- For the real estate(s) purchased between the dates 12.01.2017 and 18.09.2018, the real estate must be worth at least $1.000.000 and above.
- It is not possible to apply for citizenship with real estate(s) purchased before the date 12.01.2017 and the real estate(s) covered by an agreement for the promise of sale before the date 07.12.2018.
- USD value of the property is calculated based on the effective exchange rate of Turkish Central Bank at the date of transaction. Real estate valuation report, bank receipts and title deed value must be more than the minimum investment amount each separately.
- Joint owned property application and buying multiple properties is possible.
Deposit Account at Turkish Bank
Depositing at least 500,000 USD or equivalent foreign currency or Turkish lira in any bank(s) operating in Turkey with the condition not to withdraw the same for at least three years (attested by the Banking Regulation and Supervision Agency)
Fixed Capital Investment
Making a minimum fixed capital investment of 500,000 USD or equivalent foreign currency or Turkish lira (as attested by the Ministry of Industry and Technology)
Government Debt Instruments and Turkish Government Bonds
Buying at least 500,000 USD or equivalent foreign currency or Turkish lira worth of government bonds with the condition that they cannot be sold for at least three years. (attested by the Ministry of Treasury and Finance)
Real Estate Investment Fund / Venture Capital Investment Fund
Buying at least 500,000 USD or equivalent foreign currency or Turkish lira worth of real estate investment fund share or venture capital investment fund share with the condition that they cannot be sold for at least three years (attested by the Capital Markets Board of Turkey)
Employing 50 People
Creating jobs for at least 50 employees (attested by the Ministry of Family, Labor and Social Services)
You can keep your investment and its regular income and acquire citizenship at the same time. Some of the benefits are visa free travel to more than 100 countries, full health coverage for the whole family, pension program, free education at public schools and universities, etc.
No requirements to reside in Turkey during or after the application process and no exam, interview, or complex procedures. Multiple citizenship is allowed and the new Turkish citizenship program open to almost all nationalities in the world.
CONTACT NOW TO START TURKISH CITIZENSHIP APPLICATION WITH OUR QUALIFIED LAWYERS ( APPLICATION PROCESS and OUR LAW FIRM ASSISTANCE)
Citizenship application requires careful and professional attention. We, tha lawyers and consultants at Kaya & Partner actively take part in the following phases to manage the process under the best possible legal framework.
- Getting a tax number and opening a bank account in Turkey
- Real Estate Investment options in many areas and properties
- Finding the most suitable and secure residential or commercial property that fits client’s preferences and investment plan.
- Arranging and reviewing the appraisal report of the real estate
- Handling the contracts, transactions, title deed transfer process, tax planning.
- Investment Process and Obtaining the ‘Certificate of Conformity’ from the related ministry
- Ensuring that the property is transfer-ready and free of any debts, taxes, legal problems and encumbrances.
- Collection and preparation of required documents in compliance with the official regulations (Apostille, attestation, consular formalities, notarization, certified translation etc.)
- Application for Investor Residence Permit
- Submission and follow up of Turkish Citizenship Application
- Receiving the citizenship confirmation papers from civil registry office
- Passport and ID appointments, arrangements (Civil registry offices in Turkey or Turkish Embassies/Consulates)
- Professional relationship with the authorities.
- Totally Success Rate
With a deep expertise and experience on Turkish Citizenship Program from the very beginning, we conduct and follow up all the steps and procedures very diligently for our clients from different countries.
Some Benefits of Dual Citizenship and Turkish Passport
- Full citizenship granted following background check plus Turkish Citizenship and Passport delivered quickly within 3-6 months only.
- You can 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.
- Visa Free Travel for 148 countries
- E2 Treaty Country; Easy to obtain US Residency after getting Turkish Citizenship
- Turkish Citizens can easily relocate inside the UK and EU with respect to the Ankara Agreement between the EU and Turkey
- No Minimum Residency in Turkey Required
- Turkish passport has 10 year validity and is renewable for life
- Turkey Identity Card Included
- Full free Medical assistance for life for all family members
- No need to declare your wealth
- Turkey allows Dual and Multiple Citizenships
- No Military Service required for TCBI Applicants
- Pension Programs Included
- Free Education and University Reimbursement Plans are provided
- Future Access without visa to EU, 26 Schengen Zone Countries
- Free Medicare / Health and Educational Facilities
- Prospective Visa free travel to EU
May 2020
Kaya & Partner Hukuki Danışmanlık
Lawyers – Rechtsberatung