Acquiring Turkish Citizenship Through Investment » Ongur Partners
Why Should You Get Turkish Citizenship?
The attractiveness of the Turkish real estate market has increased since the 2000s. Initially, this was mostly in the form of individual investors buying residential property in Turkey. Since 2005, we have seen a number of foreign real estate investors entering the Turkish market.
So you can keep your existing passport and gain a Turkish passport at the same time. Before purchasing a property to apply for Turkish citizenship, check with your home consulate as to whether your country has restrictions. The implementation is made if you purchase at least $250,000 in real estate. If you apply to the General Directorate of Land Registry and Cadastre during the deed transfer process, your application will be processed. You can follow all the procedures after the title deed application at the Citizenship Offices in Istanbul and Ankara. Your application will be completed within 3 to 4 months from the date of the title transfer.
Citizenship Of Turkey By Investment
There are also situations where a country will talk about starting a citizenship by investment program but then never follow through. A real citizenship by investment program will be enshrined in the country’s constitution or clearly and obviously stated somewhere in its law. Bulgaria’s citizenship by investment program is the world’s slowest, as it takes more than two years to obtain the passport. Turkish work permit Like Malta and Cyprus, Bulgaria’s citizenship by investment program begins with residency. In both cases – donation or real estate investment – you’ll receive a passport that has visa-free access to 131 countries. St. Kitts sets the minimum investment in real estate at $200,000 plus an additional $24,050 in government fees for the main applicant, and additional dependents no older than 16.
In addition, an investor may purchase more than one property, be it residential or commercial, as long as the total value is not less than USD 250,000. In conclusion, in our modern world, you have the option of becoming a global citizen, and we at Bluemina can help you choose the program that helps you fulfill your goals—all without breaking the bank. In conclusion, in our modern world, you have the option of becoming a global citizen, and you can choose from a number of programs to help you fulfill your goals—all without breaking the bank. Turkey is considered an attractive destination due to its warm climate and geographical location. Holding a tourist passport grants visa-free travel to more than 100 countries including Japan, Singapore, and Hong Kong.
The documents requested by the government institutions should be prepared in accordance with the legislation. Since you are the owner of the property, you have permission to rent your property and it won’t cause any problem in preserving your citizenship. Nevertheless, always keep in mind that it’s strictly pledged not to sell your property at least for 3 years to retain your citizenship status. You can become a Turkish Citizen with the condition that you can take back all investments along with legal revenues 3 years later.
- When you sell or transfer your property to re-purchase it after the Turkish Citizenship Law, you will not be able to get Turkish citizenship no matter the value of your property.
- Your application will bounce from government office to government office, due diligence will be done on you and your family.
- An account should be opened in a Turkish bank in the name of the investor.
Expanding its fields of work since its establishment, Tor Advisory continues to find solutions on the issues which foreign or domestic investors may need guidance about. Istanbul is one of the biggest cities in the world in terms of population. More than 20 million people live in Istanbul and there are 5,4 million properties in Istanbul. Although Istanbul’s real estate market is one of the most popular and profitable ones, it is also important to buy the right property in Istanbul to have a solid investment. In this website, we prepared different articles and listed the best projects for you in order you to be more accurate when you buy apartment in Istanbul. There is no official regulation on the length of application processes.
The Blue Card As A Form Of “citizenship Lite”
According to the Address-Based Population Recording System of Turkey, the country’s population was 74.7 million people in 2011, nearly three-quarters of whom lived in towns and cities. According to the 2011 estimate, the population is increasing by 1.35 percent each year. People within the 15–64 age group constitute 67.4 percent of the total population; the 0–14 age group corresponds to 25.3 percent; while senior citizens aged 65 years or older make up 7.3 percent. In 2013 there were 98 airports in Turkey, including 22 international airports.
However, property investment seems like the most secure and the best bet. First off, it is important to note that if you are getting citizenship through real estate purchase then applications should be made to the Directorate of Land Registry to receive the certificate of conformity. The certificate of conformity is vital to determine that the property value is as required by law and that its status of ownership will not change in the next three years.
These factors make foreigners feel right at home, thus consider immigration to Turkey as an option to take. Photocopy of the title deed of the purchased property or a copy of the pledge of sales contract with the notary public. You need to present certified copies of your residence permit, law firm istanbul Citizenship Application form, and certification that you’re divorced, single, married, or widowed. Ten biometric photos of all applicants and Birth Certificates should be presented. Decision of deprivation is individual, it shall not affect the spouse and children of the concerned person.
They have an experience of 50+ successful client investments, like no one else in the market. From here, you can easily apply for the UK and the U.S residency without having to worry about quote limitations. All the application documents have to be written in the Turkish language. If they are in another language, they have to be accompanied by translations into Turkish and the translations need to be notarized. Birth certificates or other documents that certify the relationships of kin between family members.
‘turkish Citizenship For You Anda Your Family
We can say that it is more advantageous acquiring citizenship by purchasing house or residence considering that Turkey is quite lively and constantly active in real estate, housing and construction sectors. However, the idea of which investments are more logical will vary from person to person considering the issues like the assets of the investor and the future plans. The minimum amount of employment for the acquisition of Turkish citizenship by employment provision was at least 100 people. However, this limit has been reduced to 50 people with the published Regulation. The situation that the foreigner had provided an employment of at least 50 people must be determined by the Ministry of Labor and Social Services.
As of 18 September 2018, Immigration Law 5901 serves as the legal basis for foreign investors to apply for legal citizenship status by investment. Generally speaking, you will need your passport, birth certificate, marriage certificate, residence permit, photographs, and the Turkish identity number of relatives. You may also be required to attend an interview in Turkish and so learning the language beforehand is important. The documents required are determined by how you wish to get the Turkish citizenship. The main focus here will be on getting citizenship through real estate purchase. As you can see, although there are several steps and applications to be made to different government departments, providing your property purchase is transparent, and above board, you shouldn’t encounter any issues or delays with your application.
Keith will put you in touch with competent lawyers that charge a flat fee of $5,000 for all the due diligence linked to the real estate purchasing process and the citizenship application process for you and your family. He also offers full property management services, but only for clients who bought or renovated a property through him. As for finding tenants, tenants pay Keith one month of rent, so he doesn’t charge landlords for this service. This is yet another attractive feature of the Istanbul real estate market for investors. We perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship. Once the investment step is completed, we will apply for residency for the main applicant.
One of the most selected solutions is the purchase of real estate, which must be held for at least 3 years, and have a minimum value of USD$ 250,000. CTrustGlobal is a trusted agency to provide legal aid and financial advisory help to our clients. For detailed information on Turkish Citizenship Code, dual passport, second citizenship, and permanent residency, contact us now.
According to Article 1 of the Turkish Citizenship Law No. 403, you can claim to be a Turkish citizen if you are born either in Turkey or abroad to a Turkish citizen father or mother. However, you cannot get citizenship if both your father and mother are not Turkish citizens. Also, if a mother and father are successful in their citizenship applications, this is extended to the children.
The acquisition of a Turkish Citizenship usually takes around 3-12 months for both the applicant and family members. Children over the age of 18 cannot be included and must submit their own Turkish resident permit application. Nowadays, Turkish citizenship is available for anyone who is willing to invest at least USD $250,000 in Turkish real estate or deposit at least USD 500,000 in a Turkish bank.
Turkish passport grants visa-free access to over 115 countries from all over the world, such as Qatar, Japan, Argentina, South Africa, and Ukraine. While most of these countries can be entered without the need for a visa in advance, some countries allow entry with a visa on arrival or an online visa. Also, in the context of agreements and negotiations between Turkey and the EU, the advantage of having visa-free access to many European countries in the Schengen area with Turkish passport is expected to be provided in the near future.