Turkish Citizenship By Investment Program

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Turkish Citizenship Criteria

Turkey Citizenship Consultant: India

A wide variety of investment options are available including US $250,000 investment in real estate, US $500,000 cash deposit at a Turkish bank, US $500,000 cash purchase of government bonds, or the creation of 50 jobs in Turkey. The main applicant may also add dependents to a residency application, including his/her spouse, children under 18 years old, and disabled children of any age. These foreigners have the right to extend their permits within 15 days as of the expiration date. In this regard no charges and book fee will be collected from the foreigners having residence permit in Turkey and leaving the country within 15 days as of the expiration of the permit. Therefore applications should be submitted on time in order not to pay charges.

The real estate is being sold on an off-plan basis, for the first time, direct from the real estate developer that owns the development project. In Turkey, the transfer tax on property sales is 4% of the value of the property, which on a $250,000 deal would equate to $10,000. The government has been known to reduce this rate to 3% with a view to stimulate the market.

Property Valuation And The Appointment For The Title Deed

You can get Turkish citizenship with your family through investment. It usually takes 60 days to get a Turkish ID, you don’t have to wait any longer for a passport, you get your ID and passport together. But learning Turkish is a great benefit because Turkish is now a language spoken from many different geographies as a world and trade language. It is an active and well-established language spoken in a wide geography from western China to Bosnia. But you do not have to know Turkish to become a Turkish citizen by investment.

The investor has a wide degree of flexibility when purchasing real estate in Turkey to qualify for the CIP and may purchase any type of real-estate to qualify, including, residential, commercial or land purchases. Original residence permit of a foreign person who has been living in Turkey. However, if your spouse dies after becoming a Turkish citizen, from the above conditions, the condition of “ensuring family unity” is canceled. If you qualify for , you can apply for Turkish citizenship.

Investment And Real Estate Consultancy

The Turkish Investor Programme is a privileged citizenship programme that enables you to receive a Turkish Passport, with the right to live, work, and enjoy easy access to Schengen zone countries, by investing in Turkish real estate. Through the programme you may also have the right to work, set up a business and law firm turkey have access to education and health care services in Turkey. Furthermore, when you apply for citizenship, you may easily have a Turkish passport and become a Turkish citizen with full rights. No other relatives (adult children who are over 18, parents etc.) are allowed to get citizenship by one’s application.

turkish citizenship

If you’ve got married a Turkish citizen, this required length of Turkish residency is decreased to three years. Aslan Attorney serves its individual and corporate clients in English, Arabic and Russian languages in terms of both local and international business and investments. Our firm always gives solution and client-oriented, satisfaction-based legal consultancy since its establishment and always in a diligently effort to develop this approach.

Turkish

The Propertypurchase price must be paid to the seller via bank transferto be supported by bank receipts that prove the transaction is made from the buyer’s account to the seller’s account. Applicants are required tokeep the purchased property for at least 3 years.This commitment must be registered as an annotation on the Title Deed and/or on the Notarized Sales Contract. With a virtual tour abroad, you can tour your new home as a family in the country.

The way of investment can be summarized as a bank account or immovable real estate investment. We have had many problems with candidate for turkish citizenship transaction. Very recently Turkey lowered the investment amount required to obtain Turkish citizenship from USD 1.0 million to USD 250,000 for applicants who purchase a local property or properties. This real estate investment may be made into residential property, commercial property, or undeveloped land. The property/ies must be held for a minimum duration of three years.

The only person that can help you for acquiring Turkish citizenship is an expert lawyer. After the eligibility of the application for citizenship of Turkey is determined, it is signed by President Recep Tayyip Erdogan and the Turkish citizenship process is completed. Turkey allows foreign nationals to invest in different channels in the country and to obtain the right to citizenship. Applicant’s spouse and children who are less than 18 years old will also be granted Turkish Citizenship.

  • We have our own factories, brands for dry fruits, livestock farming, free-range eggs and one of the largest and most reputable farmland management companies in Europe.
  • The main applicant can make all the transactions from the bank account after bank account opening.
  • Only you and your first-degree relatives can apply for citizenship.
  • There are many clients who asked for citizenship programs with easy application processes and fast processing times.

Investors are not limited to investing in just one property and have the right to acquire several properties. Before or after citizenship is granted, the entire process can be achieved remotely. Our team of experts will be searching according to your search criteria and make sure to source the best possible choice available. There are only two other two countries that have the E2 treaty with the US, and at the same time have a CBI program. You legally obtain reputable and irrevocable Turkish citizenship in months.

As such, while they may agree to sell you the home for $250,000, they might only document that the sale went through for $100,000. For this reason, purchasing a brand-new property is much faster and easier to verify. While it’s possible to purchase a house for you and your family to live in, you can also buy other types of real estate, including commercial properties, office buildings, holiday homes or even time share that equate to a minimum of $250,000. It is recommended to purchase a new property from a developer for citizenship application. In the secondhand market, there could be discrepancies which would cause issues. The good news is there are many great options from property developers that provide modern, smart properties at a good price that you can get value appreciation on your investment.

turkish citizenship

There are many advantageous aspects of becoming a Turkish citizen. Firstly, investors can obtain the citizenship without ever residing in Turkey and within a period of approximately 6 months from submission of the citizenship application. You can be a Turkish Citizen by purchasing a property in Turkey that is worth a minimum of $250,000.

Turkish Citizenship Fees For Each Family Member Applying For Turkish Citizenship

As we give you the Best Price Guarantee that whatever you buy for citizenship, it will be the same on the appraisal report. We will advise you of the best-priced properties to match the appraisal report. Rental revenue, assist you to rent out your property Turkish work permit and get a steady income from your investment. Take care of your property, make sure that the rent will be collected in accordance with the rental agreement. Submitting the application with above-mentioned documents in the Land Registry Office.

If the father and mother acquire law firm istanbul together, the children will automatically be accepted as citizens as well. The acquisition of Turkish citizenship will not affect the husband’s citizenship, and after the applicant obtains Turkish citizenship, the custody of the child can be transferred to the other spouse with his agreement. Recently, a statistic showed that 18,000 people who have obtained Turkish citizenship are from the real estate sector.

turkish citizenship

The spouse who wants to be a Turkish citizen must be married for 3 years. •Find out if there are restrictions on real estate, such as hypothec, foreclosure. For investors who provide 50 job opportunities for Turks, they can obtain a certificate of eligibility approved by the Ministry of Family, Labor, and Social Services in Turkey. For investors with a fixed amount, they can obtain the approved certificate of eligibility and approval by the Turkish Capital Markets Authority. If a male applicant with multiple wives applies for citizenship, only one of the spouses will be eligible. The declaration of the values and appraisal values should be consistent with one another at the sales, in Property Registry Office.

turkish citizenship

Like many other countries, Turkey also has citizenship through investment programs with a minimal requirement of stay in the country. Citizenship by investment has many options for investing in the country. These programs are actually in the benefits of the country because your investment may generate revenue for the state and creates jobs for the local citizens. You can get quick citizenship without waiting for three or five years.

turkish citizenship

Foreigners are eligible to stay in Turkey for longer terms and/or become Turkish citizens upon marriage with a Turkish citizen. For becoming eligible for citizenship, the foreigner and the Turkish citizen shall be married for at least three years. The application process is straightforward and you can become the proud holder of a Turkish passport within as little as six months.

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