Turkey offers an attractive investment program that allows individuals to acquire Turkey citizenship by making a significant investment in the country. This program is designed to attract foreign investment and boost the Turkish economy. In this article, you’ll explore everything you need to know about Turkey citizenship by investment.
About Turkey Citizenship by Investment
Turkey citizenship investment is a program that allows investors to get Turkish citizenship by making a qualifying investment in the country. The program offers numerous benefits, including the right to live, work, and study in Turkey. It offers a few investment options to choose from and complete.
Benefits of Citizenship by Investment in Turkey
The benefits of Turkey citizenship by investment include:
- Fast-track process: The application process for citizenship by investment is relatively straightforward and fast, with an average processing time of around four months.
- Right to live, work, and study: Investors and their families are granted the right to live, work, and study in Turkey.
- Dual citizenship: Turkey allows dual citizenship, so investors can retain their original citizenship while also being Turkish citizens.
- Family reunification: Investors can include their spouse, dependent children under the age of 18, and children of any age with disabilities in their application.
- Access to E2 Visa: Turkey investor citizenship provides an easier path to obtaining an E2 visa, which allows investors to start or purchase a business in the United States.
- Easy Schengen visa: As Turkish citizens, investors can apply for a Schengen visa if they provide the necessary documentation. There are also countries that have bilateral agreements with Turkey for visa-free travel. Some of these countries are Mexico, Japan, and Singapore.
Who is Eligible for Turkey Citizenship by Investment?
To be eligible for citizenship by investment in Turkey, you need to meet the following conditions:
- Be at least 18 years of age
- Have a clean criminal record
- Pay the relevant costs and taxes
- Meet the investment requirements, and
- Not have stayed in Turkey illegally.
Necessary Documents for the Application Process
The documents needed for the application process include:
- All applicants’ passports
- Birth certificates of all applicants
- Proof of clean criminal records (all applicants must provide it)
- Residence proof (such as a recent utility statement)
- All applicants’ biometric and colored passport photos
- Marriage certificate (if applicable)
- Death or divorce certificate of spouse (if applicable)
- Proof of health insurance valid in Turkey, and
- A Turkish tax ID number.
How to Get Citizenship in Turkey
The process of how to get citizenship in Turkey involves the following steps:
- Choose an investment option
- Get a local lawyer to assist you with the process
- Receive a tax ID number and open a bank account in Turkey
- Collect the necessary documents
- Obtain a residence permit
- Submit all the paperwork to the Provincial Directorate of Census and Citizenship, and
- Receive your Turkish passport in three to four months.
Turkey Citizenship by Investment: Investment Options
There are three qualifying investment routes for Turkey citizenship by investment. Let’s start with property investment. Investors can acquire Turkish citizenship by investing in real estate in the country. The minimum investment amount for property investment is $400,000, and investors must hold the property for at least three years. You can buy whichever property you want including an apartment, villa, or land. It’s also possible to buy multiple properties as long as they amount to the minimum amount of $400,000. The condition is that such properties need to be located in the same neighborhood.
Another investment option for Turkey citizenship by investment is the creation of jobs. It entails creating jobs for a minimum of 50 Turkish people. Investors can establish a company and employ local people.
The capital transfer is the last option. It entails a capital transfer of at least $500,000. Investors can deposit this amount into a Turkish bank, invest in government bonds, or invest in fund shares. It needs to be retained for three years.
In short, investing in Turkey’s citizenship by investment program benefits you in many ways. Start your application process today and join the community!
