Turkish Citizenship By Investment

 Turkish Citizenship by Investment Program

Türkiye offers several pathways for individuals to obtain citizenship through investment. Below are the various options available:

1. Real Estate Purchase: Invest at least USD 400,000 (or the equivalent in Turkish Lira) in real estate, with the condition of not selling the property for at least three years. 

2. Bank Deposit: Deposit a minimum of USD 500,000 (or equivalent in Turkish Lira, Euros, or other currencies) in a Turkish bank, to be held for at least three years.

3. Capital Investment: Make a fixed capital investment of at least USD 500,000 (or equivalent in Turkish Lira), verified by the Turkish Ministry of Industry and Technology.

4. Government Bonds: Purchase Turkish government bonds worth at least USD 500,000, with a commitment to hold them for a minimum of three years, confirmed by the Turkish Ministry of Treasury and Finance.

5. Investment in Funds: Invest at least USD 500,000 in a Turkish real estate investment trust or purchase shares in a Turkish venture capital investment fund.

6. Create employment opportunities for a minimum of 50 individuals: This should be certified by the Ministry of Family, Labor, and Social Services.

The Turkish Citizenship by Investment program allows investors to include their spouse and children under 18 in their application.

Procedures of the Turkish Citizenship by Investment Program

The Turkish CBI Program offers a streamlined process for investors seeking Turkish citizenship. Here’s a detailed look at the procedures and expected time frame to navigate this program:

1. Obtain a Turkish Tax ID Number: The first step is to obtain a Turkish tax identification number, which is essential for opening a bank account and conducting financial transactions in Turkey.

2. Open a Turkish Bank Account: Investors must open a bank account in Turkey to facilitate the transfer of funds required for their chosen investment option.

3. Choose an Investment Option: Investors can select from several investment options mentioned above. 

4. Make the Investment: Complete the investment by transferring the required funds and finalizing the transaction according to the chosen investment route. For real estate investments, this involves purchasing property and registering the deed.

5. Issue a Power of Attorney (PoA): If the investor cannot be present in Turkey to complete the procedures, they can issue a Power of Attorney to a legal representative to act on their behalf.

6. Obtain a Certificate of Conformity: The relevant Turkish authority (e.g., Ministry of Environment and Urbanization for real estate investments) must issue a Certificate of Conformity, confirming that the investment meets the program’s requirements.

7. Apply for a Turkish Residence Permit: After making the investment, apply for a temporary residence permit, which is a prerequisite for applying for citizenship.

8. Submit the Citizenship Application: Gather all required documents, including proof of investment, residence permit, and personal identification documents, and submit the citizenship application to the Directorate General of Migration Management.

9. Application Review and Approval: The application undergoes a thorough review by Turkish authorities, including background checks and verification of the investment.

10. Receive Citizenship Approval: Upon approval, the applicant will receive Turkish citizenship and can obtain their Turkish passport and ID card.

Time Frame

– Initial Steps (1-2 Weeks): Obtaining a tax ID number and opening a bank account typically takes 1-2 weeks.

– Investment Process (1-2 Months): Completing the investment can take 1-2 months, depending on the complexity and type of investment.

– Certificate of Conformity (2-4 Weeks): Obtaining the Certificate of Conformity usually takes 2-4 weeks.

– Residence Permit Application (1 Month): Applying for and receiving a temporary residence permit can take up to 1 month.

– Citizenship Application Review (3-4 Months): The final review and approval process for the citizenship application generally takes 3-4 months.

In total, the entire process from initial application to receiving Turkish citizenship typically takes around 4-6 months. This efficient and expedited timeline makes the Turkish CBI Program an attractive option for global investors seeking new opportunities and benefits associated with Turkish citizenship.

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Benefits of the Turkish Citizenship by Investment Program

– Quick Processing: Obtain a Turkish passport within 6 months.

– Solid Investment: Secure investments with potential for regular income.

– Valued Citizenship: Acquire one of the world’s most desirable citizenships.

– No Residency Requirement: No need to reside in Türkiye before or after obtaining citizenship.

– Powerful Passport: The Turkish passport offers visa-free or visa-on-arrival access to 111 countries including Japan, Singapore, Hong Kong. 

– US E-2 Visa Eligibility: Turkish citizens can apply for US residency through the E-2 Investor Visa.

– Healthcare: Access to free, lifelong medical assistance in Turkish state hospitals for all family members.

– Dual Citizenship: Türkiye allows dual and multiple citizenships.

– No Military Service: No military service requirement for citizenship by investment applicants.

– EU Candidate Country: Potential future visa-free travel to the Schengen Zone.

– Education: Free education and university reimbursement plans.

Why Choose Türkiye?

– Cultural and Religious Harmony: A Muslim-majority country with a democratic and westernized lifestyle.

– Climate: Enjoy one of the best climates year-round.

– Safety and Hospitality: A safe, welcoming environment with a tradition of hospitality towards foreigners.

– Natural Beauty: Stunning landscapes, beautiful beaches, lush forests, and scenic lakes.

– Cuisine: Renowned Turkish cuisine with a reputation for food security.

– Healthcare and Education: High-quality medical and educational facilities.

– Business Opportunities: A conducive environment for business with strong economic growth.

– Strategic Location: Ideally situated between Europe, Asia, and Africa.

– Global Mobility: Easy access to long-term, multiple-entry visas for the EU, US, Canada, UK, and Australia.

– Economic Powerhouse: One of the world’s largest and strongest economies, a G20 member, and NATO ally.

– Opportunity to live in Istanbul which is one of the world’s most beautiful and developed cities, or any other part of Türkiye.

FAQs About Turkish Citizenship by Investment

How long does it take to obtain Turkish citizenship?

It takes around 4-6 months to acquire Turkish citizenship status officially after completing the investment. You can also collect your new Turkish passports and ID cards immediately afterward (within about 1 week).

How long does it take to obtain Turkish citizenship?

It takes around 4-6 months to acquire Turkish citizenship status officially after completing the investment. You can also collect your new Turkish passports and ID cards immediately afterward (within about 1 week).

Do you offer approved properties for Turkish citizenship?

Yes. Once we start working on your citizenship case, our real estate team will present you with several new, luxurious, and approved properties that are available. 

For a Turkish citizenship application, should the minimum investment of USD 400,000 be in a single property? If the applicant invests in two or more separate properties, will they be eligible to apply for citizenship?

The Turkish CBI Program allows investors to invest in multiple properties, provided the total amount exceeds USD 400,000.

Is any property valued above USD 400,000 eligible to apply for Turkish citizenship? Is it the only criteria?

The property must meet certain criterias, including having a verified expert valuation report, a building license, and a clear title deed without any restrictions before finalizing the sale transfer. Otherwise, it will not be suitable for Turkish citizenship.

Will the Turkish citizenship acquired expire at some point?

No. Once Turkish citizenship is acquired, it will be valid for life for you and your descendants.

Can we change our names after obtaining citizenship?

If applicants prefer to change their names and surnames, they are allowed to do so. 

Do applicants have to reside in Turkey for a certain period at any stage of the application?

No. There is no residency requirement in Turkey either during the application process or after obtaining Turkish citizenship.

How many family members can apply for citizenship along with the main applicant?

The investor (main applicant) can obtain Turkish citizenship for all family members: spouse and children under 18 years old. There is no limitation on the total number of family members, but children over 18 years old and parents cannot be included in the same application. You can make a separate investment for them or consider applying for a Turkish residency permit for other family members. Turkish citizenship for new children (those born after the acquisition of Turkish citizenship): After obtaining Turkish citizenship, your future children will automatically acquire Turkish citizenship by birth.

Is there any language requirement to apply for Turkish citizenship?

No.

Once Turkish citizenship is acquired, if the applicant does not stay in Turkey, what will be their tax liabilities in Turkey?

Turkey will not tax you on your income abroad. In principle, you would not be liable to pay taxes in Turkey if you do not reside in Turkey for more than 6 months. However, if you earn regular income inside Turkey, such as rental income from your investment property, you would be subject to taxes on that income.

Once granted Turkish citizenship, do I need to perform military service in Turkey?

You will not be required to perform military service after obtaining Turkish citizenship if you are over 22.

Can I keep my original/existing citizenship(s) when I become a Turkish citizen?

Yes. Turkish laws allow multiple citizenships.

For more information, please do not hesitate to contact us. 

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