Turkish Citizenship by Investment Program
You can become a Turkish Citizen by purchasing one or multiple properties in Turkey that should worth a minimum of 400,000 $, in total. Your Spouse and your children under the age of 18 will also be granted the Turkish Citizenship.
Your status as Turkish citizen will remain throughout your life and your children will be born as Turkish citizens.Turkish citizenship accepts dual nationalities means, you can keep your current citizenship alongside the Turkish Citizenship.
• It is possible to apply for Turkish citizenship by purchasing one or more than one real estate properties; the total value of the real estate’s properties should be minimum USD 400,000. (This amount is valid for real estate’s properties which has been purchased on or after 14.06.2022)
• In such transactions, while transferring property title deed to the buyer’s name, the $ exchange rate will determined by the Central Bank of Republic of Turkey on the same day.
• The real estate to be purchased must be appraised by an appraisal company licensed by CMB (Capital Markets Board of Turkey).
• After purchasing of the property will be finalized a condition will be added in the title deed document that states ‘this property will not be sold for 3 years”. At this stage the appraisal report, bank receipt and all other documents related to the transaction will be submited to the Foreigner’s Property Registration Department via system, and a “Certificate of Conformity” will be sent to the Provincial Directorates of Migration Management and Civil Registration and Citizenship Affairs as well as to the e-mail address of the relevant person as soon as possible.
With this Certificate of Conformity, the property owner can apply for residence permit from Immigration Department and apply for Turkish Citizenship.
WHY TURKISH PASSPORT?
Because Turkey would be in a unique geographical position as a starting pad for growth and development, awarding citizenship will confer significant advantages. This country has been one of the top tourist destinations all year, and Istanbul’s newly created airport has been named the busiest and top airport in the world for several years in a row.
Furthermore, obtaining a Turkish passport in a situation when this country is a member of numerous major worldwide agreements, such as the G20 (the world’s top twenty financial powers), the NATO alliance, and the World Trade Organization, appears to provide a foundation for exploitation. It may be a powerful and safe assurance in order to dominate in this industry, since it is one of the golden fields of investment and business in Turkey. Another advantage of gaining Turkish citizenship is that it will make it much easier for you to obtain a Schengen visa, an American visa, and so on.
METHODS OF OBTAINING TURKISH CITIZENSHIP AND PASSPORT
Immigrating to Turkey and settling in this Eurasian nation might mean various things to different people. A person seeking Turkish citizenship can profit from a variety of options, including investing in real estate, marrying a Turkish citizen, forming a corporation, and so on, as we shall describe below. People seeking citizenship through investment should be aware that this is feasible on the condition of not withdrawing or selling funds for a period of up to three years and in the following ways:
- Purchase of a property worth at least 400,000 $
- Investing in an operating firm or the Turkish stock market with a minimum capital of 500,000 $.
- 500 thousand dollars is being deposited in Turkish banks.
- At least 50 Turkish citizens will be hired.
According to the Turkish Constitution, anybody who is granted Turkish citizenship may not have it withdrawn or returned in any form. Unless the government determines that a person poses a threat to Turkey’s national security, in which case his right to citizenship will be revoked.
Applicants who wish to purchase property in Turkey for the purpose of obtaining citizenship should be aware that, due to changes in the applicable regulations, the minimum sum for getting citizenship through the acquisition of property has been increased from $250,000 to $400,000. and you are fully aware that the property or total properties acquired by you must be worth at least $400,000 if you seek to achieve citizenship by acquiring various homes over time.
It is important to note that with the assistance and supervision of an expert, you may find the best property for your budget.
OBTAINING A TURKISH PASSPORT THROUGH MARRIGE WITH A TURKISH CITIZEN
Applying for citizenship by marriage will be available only if a foreign citizen marries a Turkish citizen, in which case the marriage must be performed by a Turkish official.
A foreigner demonstrates his/her capacity to marry by displaying the necessary paperwork, including the certificate of celibacy obtained from his/her country’s embassy in Turkey, and if genuine and continued for a period of 3 to 5 years, it leads to Turkish citizenship.
Because the Turkish government has not imposed any limits on foreigners marrying in the country, keep in mind that a marriage between two foreigners of the same or even different nationalities does not provide grounds for getting Turkish citizenship and a passport.
BENEFITS OF OBTAINING TURKISH CITIZENSHIP
The following are some of the advantages of getting Turkish citizenship:
- Visa-free travel is permitted in several countries.
- The ability to choose a new name and surname with Turkish roots that is totally legal.
- Taking use of the advantages of studying at Turkish schools and universities.
- Having free and unrestrained trade all throughout the world.
- Obtaining citizenship for one’s spouse and minor children under the age of 18, as well as retaining this privilege for future children.
- EU visas of all categories are easily obtained.
- Application of sophisticated medical and health systems.
- Employment in government jobs is possible, and E1, E2 visas for the United States are easily secured.
- The ability to open a foreign currency account in Turkey and move money throughout the world easily.
- In Turkey, dual citizenship is permitted.
- In Turkey, inheritance rules are the same as those that apply to Turkish citizens.
- Many embassies and consulates, particularly EU missions, are easily accessible.
WHAT EXACTLY IS THE DISTINCTION BETWEEN PERMANENT RESIDENCY AND CITIZENSHIP?
When compared to Turkish citizenship, obtaining Turkish residency by any means produces more limited rights in terms of life, job, education, and residence length.
It is important to understand that residency in Turkey may be achieved in two models: short-term and permanent, and in several methods.
Short-term residency is often achieved by the acquisition of property (less than $400,000), labor, education, marriage, and company registration, which eventually leads to permanent residence.
(Of course, tourist accommodation, which is normally done by renting a home, cannot be transformed into a permanent enterprise).Due to a change in the law regarding getting residency through the purchase of property in Turkey, only those with a budget of at least $75,000 may receive a short-term residence permit that can be converted into citizenship by purchasing a house in major cities such as Istanbul.
A Turkish resident permit, on the other hand, is just a permission granted by the government of this nation to a person for residency; nevertheless, the option of working or starting a business is not provided for him, and he need get the relevant licenses for any purpose. Take action now.
However, by purchasing a house worth more than $400,000, you will have no advantage over other Turkish citizens, and your family will benefit from all of the rights and amenities offered in this country, including the opportunity to vote.
Passport Types in Turkey
There are several sorts of Turkish passports available depending on the person’s political status and nature of job.
A regular citizen’s passport is not the same as the passport of a government or high-ranking official. Turkey has four types of passports, as defined by Law No. 5682, which we shall look at below.
This is the standard passport issued to ordinary Turkish citizens and foreign people who have successfully earned Turkish citizenship. The red passport, often known as the Bordo passport, comprises 38 pages. If you attempted to get Turkish citizenship by purchasing property, you will be awarded a red or public passport with a ten-year validity period.
The special passport, often known as the green passport, is only available to government and senior officials in the first, second, third, and representative categories. This passport contains 30 pages and is known as a yesil passport or green passport. It is valid for 5 years. This form of passport allows holders to visit more countries without a visa than a standard passport.
Former presidents, Supreme Court justices, governors, and retired senior government officials all receive Turkish black passports. This black passport includes 28 pages.
Turkish gray passports are granted to government officials, journalists, and those assigned to overseas missions, according to Article 14 of the Turkish Passport Law. Holders of this passport, known as Hizmet Pasaport or service passport, can travel to foreign countries without a visa.
APPLICATION TYPES TO ACQUIRE A TURKISH CITIZENSHIP BY INVESTMENT REAL ESTATE INVESTMENT MINIMUM 400,000$
PASAPORT
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