Citizenship by investment program in Turkey
Path to Turkish citizenship through profitable investment
Turkish Citizenship Benefits
Three Ways Of Having Turkish Citizenship
$400,000
Property Investment
$500,000
Deposit in Turkish Bank
$500,000
Buying Goverment Bonds
Facts in Having Turkish Citizenship
Through Property Investment
- All investments are for 3 years.
- You can become a Turkish citizen on the condition that you return all investments and legal earnings three years later.
- Once the appropriate period has passed, and Turkish citizenship has been granted, you can sell your property.
- Turkish citizenship will be awarded to the applicant’s spouse and children under 18.
- The program is open to everyone who does not live in Turkey.
- Your Turkish citizenship will continue you for the rest of your life, and your children will also be Turkish citizens.
- You are allowed to have numerous citizenship in addition to your Turkish citizenship.
Key Notes in Having Turkish Citizenship
Through Property Investment
- Applicants must purchase a property in Turkey with a minimum value of $400.000. Being a Turkish Citizen can be accomplished by buying a single property or many properties that meet the regulations’ requirements.
- Applicants must hold the purchased property for a minimum of three years. This promise must be recorded on the Title Deed and/or the Notarized Sales Contract as an annotation.
- An official valuation study conducted by the authorities and announced by the Banking Supervision Board will determine the property’s value. In the valuation report, the property’s worth must be at least $400.000.
- The property’s purchase price must be paid to the Seller by bank transfer, accompanied by bank receipts proving that the transaction was made from the Buyer’s account to the Seller’s account.
- Any such property within this scope must not be registered under the name of any foreign real person, including the Applicant’s spouse or children; properties transferred by the Applicant’s spouse or children after 12.01.2017 are not covered by the regulation.
- If the property was purchased with a mortgage loan or is subject to a mortgage in any way, the mortgage value will be subtracted from the valuation survey value, and the remaining amount will be considered.
- Applications shall be sent through the Ministry of Environment and Urbanization, Land Registry Office, to the Ministry of Internal Affairs, General Directorate of Population and Citizenship Affairs, Directorate of Foreigners’ Department.
What Documents Are Required
For Turkish Citizenship Thorough Investment ?
Birth Certificate – According to the Apostille Convention, each copy of the birth certificate must be stamped and authenticated OR Apostilled.
Proof of Address – A certificate of residence is required. Bank statements or Utility Bills will not be accepted. The Apostille Convention requires that each certificate be stamped and verified OR Apostilled.
Tax ID Number ( Potential )
Important Note: It is preferable if the Potential Tax ID number declared address is located in Turkey.
Marital Status – A vital record lists all family members as husband, wife, and children. Certificates of Marriage and Divorce Each certificate must be stamped and validated, or it must be apostille.
Spouse’s Death Certificate if the applicant is widowed
Health Insurance
Biometric pictures on a white background – 4 biometric photos on a white background measuring 5×6 are required for all applicants.
The primary applicant must provide 8 more regular-sized biometric pictures shot against a white background.
Passport – A photocopy of your passport.
All documents must be translated into Turkish in their original form and be notarized.
Power of Attorney
Application Forms – all correctly completed and filled in.
Turkish Citizenship by Investment Freaquently
Asked Questions
Obtaining Turkish Citizenship by Investment takes 45 and 60 days to finalize the process.
Yes. You can get citizenship and a Turkish passport for yourself, your spouse, and children under 18 if you buy a property worth the lower limit of USD 400.000 Any children over the age of 18 will be required to own real estate worth USD 400.000 in their name.
No. To preserve your citizenship and passport, you do not need to live in Turkey. There are no minimum requirements for the number of days you must spend in Turkey each year. Your citizenship is yours for the rest of your life.
Your citizenship is indefinite. Your citizenship is guaranteed for life once you have finished the process and owned your property for a minimum of three years. The same goes for your spouse and any children you include in your application.
In contrast to other citizenship programs and countries, Turkey does not need you to pass a language test to receive a passport. To apply for a passport, you do not need to know Turkish. If you plan to live in Turkey permanently, it is highly suggested that you acquire the language basics to integrate into daily life easily.
A Turkish passport allows you to visa-free travel to over 100 countries worldwide. Japan, South Korea, South America, and other countries. A Turkish passport holder can easily travel to the United States, the United Kingdom, Canada, Australia, and European Union countries.
You can apply for a Business Person visa to live in the United Kingdom and potentially get British citizenship if you are a Turkish national. You can also apply for an E-2 Investor Visa to assist your relocation to the United States. If you want to live in the United Kingdom or the United States, Turkish citizenship may be the first station for further.
No. The Turkish tax officials will not query you about your present financial situation or assets.
Turkey has double taxation arrangements with most of the developed countries as of 2022. As a result, if you have already paid taxes on money earned outside of Turkey, the Turkish government is unlikely to tax you again. Contact us to speak with a Turkish tax specialist for further details.
Under current Turkish law, citizens of certain nations are barred from seeking Turkish citizenship by investment. These individuals are currently citizens of Armenia, Cuba, Nigeria, North Korea, and Syria.
Yes. Those who apply for citizenship and are granted it can work in Turkey without a work permit. It is easier to work in Turkey if you have Turkish citizenship.
No. Applicants who have invested in Turkey and achieved citizenship are not required to serve in the military. This includes any of your dependents who have applied with you.
Update: Beginning in January 2022, buyers will no longer be able to deposit funds directly into the seller’s account. Instead, overseas buyers must send their funds to a Turkish bank before purchasing a house. The bank will then convert the currency into Turkish Liras using Turkey’s Central Bank rate.
