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Getting Help To Obtain Turkish Citizenship By Investment

In June 2022 Turkey has announced changes in their Turkish Citizenship by Investment program which allowed buyers who were not yet citizens to acquire citizenship from spending less than 400,000 USD which makes it one of, if not the most cost-effective and attractive citizenship-by-investment program worldwide. When the program was initially established, the limit was set at one million dollars.

Since this time, a plethora of new buyers have made applications and been granted Turkish citizenship by investment in real estate in Turkey. This blog will walk you through the procedure from beginning to end, covering all the steps, official steps, and what are the advantages of having Turkish Citizenship through real estate investment.

What are the advantages to having Turkish Citizenship?

Citizenship for children and spouses – Spouse of the applicant and all children that are under 18, can also get Turkish citizenship under this scheme. Any children born after will be granted citizenship upon birth. For those who are over 18 years old will need to become citizens on their own.

Dual Citizenship – Turkey allows Dual Citizenships, meaning that you are able to keep your current citizenships and not have to surrender anything in order to apply for real estate purchase.

Visa-free travel – People with a standard Turkish Passport are able travel to 104 countries with a visa or receive the visa on arrival. This puts a Turkish Passport in the top 30 most strong passports in the world. A Turkish Passport can be renewed every 10 years.

It is possible to work in Turkey Citizens of Turkey are able to work freely in Turkey. In the past, a work permit would be needed. Citizenship permits you for people to live in a country which acts as the entry point into Europe in the Middle East.

Healthcare, insurance, and bureaucratic ease – As a citizen, you’ll have access to cheaper healthcare options and insurance policies in Turkey. You will also be able to vote in the national elections. You also have access to a state pension and can apply to get Turkish loans.

No residency minimum is required. Citizenship lets you move and leave Turkey anytime you wish, without losing your citizenship. There is no requirement to stay in Turkey once you have obtained the citizenship.

You can relocate to the UK as you are a Turkish national, it is possible to reside and work in UK. United Kingdom with relative ease as you can apply for the Business Person visa and then even get British citizenship eventually. A huge draw of the investment program.

Employment in United States United States – Another option for Turkish citizens is to apply for the E-2 investor visa to in the process of moving to the USA. If your goal is to reside in the US, Turkey is a ideal option with the real property option.

There is no military requirement – Applicants who invest and move to Turkey in the investment program are exempt from the obligatory military service. The dependents of yours are also exempt.

Citizenship and Superb inheritance laws. A key benefit of citizenship is the fact that Turkish law protects your legal heirs in case of the tragic event of your death. This means that your assets will pass smoothly on to your children in the near future without any hassles.

How to obtain Turkish Citizenship with investment in property guide?

Step 1 – Get the Turkish Tax Registration Number

You can get a Tax Registration Number at any tax office branch in Turkey using your original passport. Photos are also required.

Step 2 – Open a bank account in Turkey

A passport and Tax Registration Number are needed to establish a bank account in Turkey. Also, you’ll need an official document such as an utility bill that shows your current address in the country.

Step 3: Locate an investment property that is worth at least 400,000 USD

The property has to not be less than 400,000USD and may be a single house or multiple units, like those that invest in homes in Turkey. The residence is required to be near completed or has already been completed with a Habitation Licence granted and Title Deed or Construction Services in place. It must be suitable for an Official Valuation to be eligible for citizenship.

Step 4 – Buy the house in Turkey

Property must be bought through a Bank Transfer with document and the transaction must be confirmed by receipt. A Title Deed Registry or Notarised Sales Contract must be notarized to declare that the home will not be sold within about three years following purchase. When three years have passed, you can sell all of your investment in Turkey and retain your citizenship for life.

Step 5 – Obtain a Certificate of Conformity

This is accomplished by supplying with the Official Valuation Survey and submitting the proof of Bank Transfer to the Ministry of Environment and Urbanisation.

Step 6 – Request for Turkish Residency

Apply for Turkish residency at the Directorate General of Migration Management after obtaining all the necessary documents required. A crucial step towards obtaining citizenship.

Step 7 – Apply for Turkish Citizenship by the investment guide

Now , you are able to make an application for Turkish Citizenship at the Directorate General of Migration Management following the receipt of your Turkish Residency and gathering all the required documents needed to apply for it. You now have Turkish Citizenship.

Documents needed to obtain Turkish Citizenship?

Copy of birth Certificate – Each document must be authenticated and stamped by your home country Ministry of Foreign Affairs and the Turkish Embassy in your home country . Alternatively, you can Apostille the papers as per the Apostille Convention (Hague Treaty Convention 12)

Marital Status – This includes marriage certificates, divorce papers, or death certificate for spouses who are widowed. Each certificate has to be authenticated and stamped with the stamp of the country you reside in Ministry of Foreign Affairs and Turkish Embassy OR Apostilled according in the Apostille Convention (Hague Treaty Convention 12)

Biometric photos 4 Biometric photographs that have a white background sized 5 x 6 for all family members who apply along with eight more biometric images regular-sized and with a white background for the main applicant only

– Copy of original Passport

The grant of a Power of Attorney

Receipt of Wire Transfers

– Proof of Address/ Certificate of Residence Real Estate Proof of Address must be submitted by a government agency. Utility bills, bank statements or bank statements are not accepted. Each certificate needs to be authenticated and stamped with the stamp of the country you reside in Ministry of Foreign Affairs and the Turkish Embassy or Apostilled according in the Apostille Convention (Hague Treaty Convention 12)

All application forms completed in
Other methods to obtain Turkish Citizenship by Investing?

1. Provide employment for minimum 50 individuals in Turkey

2 – Fixed Capital Investment of at most 500 USD

3. 3 – Purchase State Dept Instruments worth 500,000 USD

4. Deposit at least 500 USD in the account of a Turkish Bank

5 – Venture Capital Investment Fund worth $500,000 USD

It is important to note that all of these options mentioned above cost more than twice the cost of acquiring citizenship through investing in real property.

Why should you invest in Turkey?

Excellent climate – Certain cities in Turkey offer more than 300 sunny days weather throughout the year. buying a house in Bodrum in order to meet the citizenship requirements offers a fantastic lifestyle that is glitzy and glamour. Antalya provides a year-round working atmosphere, along with mountains, beaches and even skiing. Real estate in Fethiye is popular with British buyers, and is also home to the gorgeous Blue Lagoon at Oludeniz.

The border between East and West – Turkey can be described as the bridge that connects two worlds, East and West and, provides unbeatable potential for business as well as travel. Buying a property in Istanbul is your entrance into Turkey’s city gateway.

Secure for families – Turks are acknowledged to be extremely friendly and warm to foreigners and foreigners as well. Anyone who lives in Turkey or purchase real estate can do so in a safe and comfortable environment. There are some of the top international schools for children and branded shopping malls with a variety of stores and facilities to use.

Turkish food – Turkish cuisine is one of top quality in the world. Known for its incredible flavor and culinary delights, Turkish cuisine will have you returning to Turkey often for a taste of kebabs or indulge in fresh veggies and delicious food, whether you are eating street cuisine in Istanbul or enjoying gourmet food at a restaurant by the sea.

Turkish healthcare – Offering affordable and excellent medical treatments, Turkey is fast rising as one of the world’s top destinations for healthcare and private medical tourism . It has five star hospitals throughout the country . patients regularly go to surgeries at a fraction of costs in their own countries.

Regional powerhouse Regional powerhouse Turkey has been at the forefront of the developed countries within the region. As an EU Candidate Country as well as a G20, NATO Member, things look positive for Turkey going forward.

Value for money due to the depreciation of Turkish Lira, now is the perfect time to purchase real estate in Turkey for a reasonable price. You can easily pick up three or four bedroom house in the most sought-after locations within Turkey to meet the 400,000 USD threshold. Value for money is also a factor throughout the country, be it housing, lifestyle expenses or even day-to-day expenses.

Turkish Passports by Investment FAQ

What is the time frame to obtain Turkish Citizenship through the investment?

When you use Property Turkey as your agent typically, it takes two to three months to complete the process and obtain your citizenship in Turkey significantly faster than other countries in the globe. To learn more, phone us or email us to speak with one of our staff members.

Do I need to live in Turkey to keep my Turkish citizenship? Turkish passport?

No. You aren’t required to be in Turkey an exact number or even a certain number of days in a year after you’ve completed your registration.

Do I have to give up my initial citizenship in order to become an Turkish citizen?

No. You can still keep your initial citizenship and passport as Turkey permits its citizens to be dual nationality.

When will my citizenship expire? the future?

No. Once you’ve bought an investment property and held it for at least three years, your citizenship is assured for the rest of your life, the same as for your spouse as well as the children you included in your initial application.

Do I need to learn Turkish to obtain one? Turkish passport?

No. As opposed to many citizenship programs around the world, you are not required to learn the Turkish language to apply. However, if you are planning to reside in Turkey on a regular basis, learning the basics of Turkish is highly suggested for easier integration into the culture of Turkey.

Can I obtain citizenship for my dependents and children?

Yes. If you invest in Turkey by purchasing a property that is worth at least 400,000 USD you will be able to obtain your passport as well as your spouse and all children under 18 years old. Children who are over the age of 18 have to apply to obtain the property they wish to own with a minimum value of 400,000 USD.

How many countries can I go to using the Turkish passport?

The Turkish passport is incredibly strong. Today, you are able to travel visa-free to over 100 countries around the globe including Japan, South Korea, South American countries, and numerous other countries. Being an Turkish Citizen also makes it relatively easy to travel to countries like the US, UK, Canada, Australia, and the EU.

Do I have to declare my wealth to the Turkish authorities?

No, you do not. Tax authorities in Turkey do not require you to disclose your financial information. Turkish tax authorities do not need to ask questions regarding your financial status or your assets.

Are there tax implications that I should be informed of?

Turkey has double taxation agreements with the majority of countries of the developed world as of 2021. Thus, if you’ve paid the relevant tax on your earnings earned outside of Turkey, you are unlikely to be taxed by Turkish tax authorities. Turkish government. Contact us today to speak with an Turkish tax expert who will answer any questions you may have.

Can nationals from other countries apply?

Under Turkish laws, citizens of specific countries are prohibited from applying for Turkish Citizenship. They are currently citizens of: Armenia, Cuba, Nigeria, North Korea, and Syria.

Can I pay in any other currency than Lira?

Yes. The amounts listed are in US Dollars, however, you can pay in any currency of your choosing. It is essential to be aware of changes in exchange rates and currency when you pay in a different currency.