The Most Prominent Ways To Get Turkish Citizenship By Investment

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Presidency Of The Republic Of Turkey Investment Office

Requirements For Obtaining Turkish Citizenship Through Real Estate Investment

There are many other fantastic, legal tax reduction strategies you can use– especially if you own a business. So, if you are an investor or business owner, you can use this strategy to slash your taxes to a negligible amount without giving up your US citizenship. Chapter 2 allows individuals living in Puerto Rico to generate unlimited investment income, subject to a few simple rules, and pay zero tax on it. Foreign residency is a potentially helpful option for high income earners, too.

turkish citizenship by investment

Would also like to know if the amount invested in real estate in Grenada is recoupable or not. It’s main proposition remains the simplicity and the low investment threshold. Investors are able to visit Turkey for just three days and get into the program, then receive a passport. The investment amounts are specified in US dollars, but you can invest in any currency that you’d like.

Turkish Citizenship In Return For A Real Estate Investment

As a citizen of Turkey, you will be able to travel visa-free or with a visa-on-arrival to over 110 countries and territories in the world, including Singapore, Hong Kong and Brazil. •In order to buy property, work with a specialist, and professional real estate company. In addition to the apartment you bought in our Eşin Garden project, it offers you quality social life opportunities with in-site services. With our swimming pool, social activity areas and after-sales service office you can make use of completely free of charge. Turkish citizenship program offers efficient routes to relocating to both the UK (Turkish Business Person Visa and USA (E-2 Investor Visa). There is no residency requirements for the program, although you must travel to Turkey for completion of biometrics.

turkish citizenship by investment

To qualify for Turkish citizenship, the main applicant must be at least 18 years old, hold a clean criminal record, have never overstayed illegally in Turkey, and carry adequate health insurance. In addition, nationals from Armenia, Cuba, Nigeria, North Korea, and Syria are not permitted to apply to the scheme at this time. Turkey attracts foreign investors to invest in Turkey with its Turkish Citizenship program.

Steps On How To Apply For Turkish Citizenship

In most countries, you are required to make some or all of the investment upfront while in others you only have to deposit the funds once your application is approved. Malta, for example, requires applicants to make a sizable donation, buy government bonds, purchase or rent a home, and live in the country for at least a year to establish a genuine link to the country. Some countries like to complicate things and will require applicants to make several types of investments to qualify for citizenship.

The property you purchased must have an official contract and registered in the state. Turkey and the US have signed an agreement on issuing this type of visa. Investors from Iran ranked first in the number of passports received, followed by citizens of Afghanistan and Iraq in second and third.

Procedures And Time Frame Of The Turkey Citizenship

When you have this passport, you can benefit from pension programs like a Turkish citizen. He made basic fixed capital speculation of $ 500,000 or equivalent unknown money or Turkish lira as confirmed by the Ministry of Industry and Technology. Financial backers can likewise put resources into property, plant and gear endorsed by the Turkish Ministry of Industry and Technology with a base store of USD 500,000 with a Turkish government bank for the following three years. Preceding September 2018, the base speculation prerequisite for this alternative was $ 2 million ($ 2,000,000). Financial sponsors can purchase one or more private commercial properties by contributing at least $ 250,000 approved by the Department of the Environment and Urban Development and receive rental wages on those properties.

turkish citizenship by investment

Currently, Turkish citizens can travel to more than 100 countries without the need to follow a cumbersome visa application process. The vast majority of these countries allow Turkish citizens to stay 30 to 90 days without any visa requirement while some countries grant visas upon arrival or issue electronic visas upon online application. Any property owner in Turkey who has lived in the country for a straight, uninterrupted period of 5 years can also apply on the condition that they have stayed for 5 years in Turkey.

Turkey also approved applications to investors from the United States, Canada, Great Britain, Russia, and St. Kitts and Nevis. You can apply for Turkish citizenship if you meet one of these requirements. Turkey Residence Agency has an international law firm turkey team that deals with all residential and legal requests of our clients. Our advisory team speaks English, French, Russian, Arabic and Turkish. We are the legal partner and trusted advisor of our foreign clients in Turkey.

Madagascar Turkish passport holders can acquire a Visa on Arrival in Madagascar or an eVisa prior to departure and are granted a 90-day, single entry stay for tourism purposes only. Mauritania Turkish passport holders can a Visa on Arrival at Nouakchott–Oumtounsy International Airport. Mauritius Turkish passport holders do not require a visa to enter Mauritius. Morocco Turkish passport holders do not require a visa to enter Morocco and are permitted to stay for up to 3 months. Mozambique Turkish passport holders can obtain a visa upon arrival in Mozambique.Usually cash is required as a means of payment but the Maputo airport now accepts credit card payments.

You do not have to abandon your original nationality to receive Turkish citizenship. The Turkish Government permits dual citizenship, so you can keep your original nationality and obtain Turkish citizenship at the same time. It is permitted to have dual citizenship according to the Turkish Citizenship Law. If you were above the age of 22 when you obtained your citizenship, you do not have to do any military service. But if you were under the age of 22 when you received your citizenship, you are obliged to complete military service.

You also have offshore companies, international investments, foreign banking, second residences, offshore gold storage, cryptocurrency, the Trifecta, and so many other strategies and tools at your turkish citizenship disposal. If you decide you want to live in your new country of citizenship, consider Montenegro. Vanuatu may be a good option for people who do a lot of business in Asia and the South Pacific.

About Turkey

Watch this video where Keith and I walk through one of his renovation projects, and where he shares all the numbers . Finally, at the end of this article I’ll show you the best way to obtain citizenship by investment, which involves buying great value local real estate as opposed to overpriced new developments. Once all application documents have been prepared , the investment can be completed and the documents submitted to the government. Once the application has been received by the government, the review process will begin and an interview may be requested. Applications are typically approved within 120 days, following which the citizenship documents are issued. Yes, a foreigner who owns real estate with a total value of more than $ 250,000 is entitled to the Turkish citizenship under the latest law change.

turkish citizenship by investment

Naturalized Turkish Citizens will have equal rights along with other Turkish Citizens with respect to the right to vote, healthcare, and education. Given its convenient location, it is an ideal country for travelers and investors. Operations have been started to provide faster service by establishing “special/joint offices”, mainly in Ankara and Istanbul. All you need is giving your flight and hotel details to our crew with contact page or Whatsapp.

During this visit, you can provide Pera Property with a specific power of attorney to ensure we can take of the process for you. The process can be long winded and involve a lot of leg work at offices, hence we recommend this is left to professionals like us. Note the immigration office can only be attended by the applicant, or the applicant’s solicitor. You should also note that, once the client appoints us as his/her attorney by providing us power of attorney, we will be able to follow and finalize the title deed transfer even in the absence of the client.

turkish citizenship by investment

From an immigration perspective, prior to Brexit this relationship used to be frictionless. Applications for residence permits from outside Turkey are made to the Turkish consulates in the countries where the foreigner is a citizen or legally residing. Prior to or after citizenship has been granted, the whole process can be obtained remotely, you don’t even have to come to Turkey. Turkey Property Beys are a team of British expats based in Istanbul who are working hard to provide professional property services we have grown accustomed to in the West. Original passport + copy of the person applying for residency as well as the person must be present in person.

​​In Turkey, only trading companies established according to the laws of their respective countries and having legal personality may acquire real estate and limited rights in rem as foreign legal persons. Legal persons other than such trading companies (foundations, associations etc.), on the other hand, may not acquire real estate and may not have rights in rem. If granted permission, natural persons of foreign origin may acquire any real estate in areas where private property is allowed (residential, commercial, land lot, agricultural etc.). The share’s value should be 500,000 USD or equivalent foreign currency or Turkish Lira.

turkish citizenship by investment

Only 10-15% of properties currently on the market are like that, not more. Misrepresentation – to ensure the property buyer is not mislead by agents regarding a properties location, legal documentation, and other matters. Identifying, presenting and arranging viewings of the properties in Istanbul and all coastal regions of Turkey.

Although compared to some of the other alternative passports it does not offer the same number of visa-free travel opportunities, it has been the most preferred citizenship program over the past 2 years with 116 visa-free or visa-free entries. Opportunities it offers and with its favorable investment conditions. Attorney support is important from the time of investment until the point of citizenship.

Establishment of a business company in Turkey that will create at least 50 jobs for Turkish residents. Investment of at least US$ 500,000 into the charter capital of a Turkish-based company that is approved for this purpose by the Ministry of Industry and Economy. Aslan Attorney founder İbrahim ASLAN graduated from Bahçeşehir University Faculty of Law and Faculty of Economics and Administrative Sciences with honor degree in 2014. He wa s studying at Connecticut State University in USA for his language. Investors who acquired Turkish citizenship can also invite their relatives via visa invitation letters.

turkish citizenship by investment

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