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Acquisition Of Turkish Citizenship Through Investment

Turkish Real Estate Citizenship Application Form

The Turkish passport enables you to enter 72 countries without a visa, 42 countries grant you a visa upon arrival, and 6 countries grant an electronic visa. Apart from Visa-free access to over 110 countries and the US E-2 Visa scheme, allowing you to relocate to and start a business in the United States, a Turkish passport also opens the possibility of setting up home and business in the United Kingdom. Over the past several years, the government of Turkey has been successfully working on expanding its list of Visa-free countries. For now, holders of a Turkish passport have Visa-free access to 111 countries. When you become a Turkish citizen, you will have all citizenship rights.

  • Known as Universal Health Insurance (Genel Sağlık Sigortası), it is funded by a tax surcharge on employers, currently at 5%.
  • And you are absolutely right as an ordinary person when you ask “why should I even consider all this corporate headache?
  • It is important to have the value totals sought on the dates specified in the regulation.

20,000 real estate properties bought by foreign investors in 2019 make Istanbul one of the best real estate market performers in the world. With the recent changes in the legislation, Turkish Republic started to grant citizenship to individuals who invest in Turkey. Under this option one can choose between making a deposit to a Turkish bank, buying government bonds, purchasing shares in an investment fund or making a fixed capital investment. Regardless of where you decide to place your money, this deposit must be held for a minimum of three years and have a value of at least USD$ 500,000. Turkey has gained international investors’ attention, especially in the last decade, thanks to its living standards and the developed healthcare system as well as its scenic beauties. This attention also leads to an increase in citizenship applications.

Strength Of The Turkish Passport

Getting Turkish citizenship through real estate purchase comes with plenty of perks. Not only is it the fastest way to get your papers, but it also means that your family members will be granted temporary residence permits. And, if you have children under the age of 18 then they also get to become Turkish citizens by default. It can be said that the general purposes of all citizenship programmes in the world are similar.

Our company provides services such as investment and real estate consultancy, investment and citizenship consultancy. In this context, it has a versatile perspective and a dominant marketing power in the global market and undertakes a very important and national mission in the process of attracting qualified investor profiles to Turkey. In the month of September the year 2018, there was a change in Turkish legislation- which focused on the law firm turkey program. This provision allowed the potential foreigners interested in establishing their huge projects in Turkey to obtain citizenship through simply using a minimum of 250K US Dollars. This came to be one of the popular and most enticing citizenship through investments from the global perspective. From that time, multiple interested investors have flocked into Turkish land to apply to successfully get the offering from the republic.

The Required Documents For Obtaining Turkish Citizenship By Investment

We will guide you with our professional experience in the Turkish real estate market & investment and we welcome you to our various services that start from the citizenship application up until your legal consultations, and after-sales services. The citizenship process from start to finish takes less than six months. As long as the investor issues a Power of Attorney , he or she does not have to be present to process the application. CBPI can coordinate all of the procedures including bank account opening, property transfer as well as all the steps outlined below. You can become a Turkish passport holder in several different ways.

The foreign investor shall be entitled to getting Turkish citizenship by carrying out free capital investment at this amount, in foreign currency or TL. An application must be made for the certificate of conformity which is for the acquisition of Turkish citizenship by investment. The investor will apply to the Ministry of Industry and Technology, General Directorate of Incentive Implementation and Foreign Capital, for the certificate of conformity. The last step for the foreigner who has obtained the residence permit is to apply for citizenship. For this, the application should be made to the Provincial Population and Citizenship Directorate. Thus, the citizenship application file will be issued and sent to the General Directorate of Population and Citizenship Affairs.

In 20 Days

Syrian citizens cannot acquire real estate in our country on their behalf, and therefore, they will not be able to apply for citizenship through real estate acquisition. In conclusion, if you decide to be on the journey of real estate ownership, settlement or investment in Turkey, do not hesitate to discuss the available options with our real estate consultants. Several exemptions are offered to travelers planning to apply for a Turkish visitor visa, business purposes or tourism. Turkey also offers an e-Visa option to more than 40 countries which makes the application process easy and fast.

turkish citizenship by investment

Turkey serves as a safe haven for those who come from different backgrounds such as less moderate Muslim countries and non-free financial systems. When you checked with the Passport Index results of 2019, Turkey has a better position compared to Saudi Arabia, Qatar, Kuwait, Oman, Jordan, Lebanon, Iraq, Syria, Iran, Egypt, India, Pakistan, and several others. Turkey, the key point to access for Europe, is always an attractive location between Asia and the Middle East. As a valid candidate for the European Union and as a safe country with good connections with Europe; Free Turkey’s financial system is powerful and sophisticated.

Naturalization Law

Also Mr. Hamit Talebi founder of HausBiz have explained in detail of steps and process of getting resident permit turkey in property. Applicants are required to hold a valid residence permit at the time of citizenship application form. Nevertheless, permit holders can continue to live abroad as long as they wish. We also perform services for property purchase in Turkey for foreign clients. Our services include legal preparation before buying a real estate. We check whether the real estate tax payments are in good standing, check the local municipality whether the property has all necessary licenses.

The average period of time needed to sell a property in Istanbul and on the Mediterranean coast is 2–3 months. Trabzon Homes ® is a registered brand of Tekçe Overseas Gayrimenkul AŞ, which is an international overseas property company operating in several countries since 2004. We guide our customers through the whole journey from finding their dream home to signing for their title deeds and settling in.

However, it is only possible to make this application for his/her spouse and children under the age of 18. The expert staff of our office will show the necessary care to perform all transactions on your behalf in the fastest way possible. The most cost-effective option for investors to qualify for the Turkish citizenship program is to buy property in the country for a minimum value of $250,000. After 3 years from acquiring citizenship investors can re-sell their property. Other alternative investment options include a business set-up as well as cash deposit. A new prerequisite for obtaining Turkish citizenship has also been introduced to Article 20 of the Regulation.

turkish citizenship by investment

Please read on to find out what conditions have to be met and what documents need to be collected to become a Turkish citizen. We are going to dwell on the Turkish law “On Citizenship” and other relevant matters. When the country of application is considered, it offers the opportunity to attract foreign investors via such programs and contribute to the national economy. Consultixa™ is a global, immigration-focused Turkish law firm providing immigration solutions to businesses and high-net-worth individuals around the world.

Citizenship By Investment Program In Turkey

You should choose a real estate agency that will help you at every stage from a to z and provide all-inclusive service. • Turkish citizens can acquire a long-term residence permit which allows individuals to live in Turkey without a limited residence period. Real estate prices in Istanbul are very affordable compared to similar cities around the world. While spending time on social media, we recommend you to pay attention if you see commercials such as İstanbul luxury apartments for sale, this may be the best investment opportunity of your lifetime. Due to the depreciation of the Turkish lira, you can buy a property of your dreams, perhaps beyond your dreams, with the lowest real estate prices in Istanbul. We’ll assign an experienced lawyer to give you a dedicated immigration consultancy session for helping with your citizenship application process.

You will get the full benefit of working with one of the most reputable and corporate law firms in Turkey working internationally for many years, advising on global and Turkish migration and citizenship matters. 3- A family statement or family book certified by the official authorities. Passport and notarized Turkish translation of all documents with application forms.

turkish citizenship by investment

If this is the case, we revise the agreement drafted by the Project Developer in line with interests of the clients. Our fees for following the citizenship by investment process depends on the service level needed by the client; so contact with us in order to learn about our discounted fees and prices. The application process for a 2021 – 2022 Turkish passport is very easy and fast. Complete the necessary steps for Turkish citizenship and have the freedom of easy travel to hundreds of different routes in the world.

The average gross rental yield is 4.96%, which has been buoyed by the sharp drop in real estate prices since 2016. The Turkish workforce is developed and flexible, with a relatively low cost compared to most European Union countries. The average gross monthly salary in January 2016 was TRY 4,020 (≈USD 1,000). Currently, with the Lira on the bottom, Turkey is considerably much cheaper than largest EU countries. You can read this article to have an idea of how much you need to live in Turkey. The Council of Ministers is the competent authority in charge of deciding the granting of citizenship to a foreigner, therefore, even if the aforementioned requirements have been fulfilled, they reserve the right of approval.

turkish citizenship by investment

If the application is going to be made for a foreigner under 18 must be made through legal parents. • Turkish citizens can benefit from free pension programs provided by the government. Millions of people from all over the world come to Istanbul for business or tourism at any time of the year.

An interesting combination of memorable history and unusual art and architecture, Turkey blends in the impact of the east and the west. Turkey is a cultural hub of the Middle East, Central Asia, Mediterranean, and the Balkans successfully mixing modernism, global capitalism and democratic ethos along with its religious identity. If you are not able to come to Turkey for the process, with your given power of attorney we can begin and end up the process for you all under your name, without your physical appearance in here.

Turkey has the 17th largest economy in the world and its on its way to hit the 1 billion USD mark in GDP in 2020. We understand that for many nationalities, a second passport or residency gives you the flexibility to create the life you and your family deserve. Whether you are looking to expand your business or secure a better future for your family, Bridgeway Trust can help you become a true global citizen. We are dedicated to providing a specialized service to each of our clients with the knowledge that comes with years of expertise, as well as access to a proprietary database of market information. We give the insight and data analysis to allow our clients to make investments with confidence.

With a young, dynamic and growing economy and an extremely profitable real estate market that ranks #1 globally in terms of appreciation- it is ripe for investment. You need Viya as your investment compass in Turkey not only for our excellence, experience and transparency but for our exclusive reach. We provide you property deals from developers, second-hand market and banks that are only possible by Viya- with below market price and special opportunities. “Collection” here is important- because we only provide you properties that pass our criteria in terms of citizenship eligibility, profitability and general clean background. This draws the main difference between us- a citizenship expert law firm with real estate operations and others- brokers.

turkish citizenship by investment

The state duty that the foreign applicant for citizenship of Turkey has to pay to the central Civil Status Registration Department or the provincial Department or the foreign embassy is 15 Turkish liras. The Board officers will inform the applicant about the documents that he/ she has to supply in order to obtain the certificate. The Ministry officers will inform you about the documents that the applicant has to bring in order to obtain the certificate.

turkish citizenship by investment

This requires a property purchase of a minimum of $250,000 + fees, making Turkey one of the lowest cost citizenship by investment programs on the market. The real estate investment amount was originally set at $1 million but was drastically reduced in September 2018. Turkey, $ 250,000 starting offers a quick route to get a second passport within 2 months with real estate investments.

turkish citizenship by investment

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