turkish citizenship by investment
turkish citizenship by investment

Turkish Citizenship By Property Investment 250 000 Usd In 3 Months

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Citizenship By Investment Program In Turkey

Which Passport Is Right For You?

We advise on residence permit, citizenship, investment, buying property and visa procedures. As it is known, the preliminary real estate sale contracts are considered as eligible investments for the Turkish citizen application. Such contracts are made for the real estate projects under construction which cannot be subject to the sale contracts yet.

turkish citizenship by investment

Because of what many residence projects give you a rental guarantee, it won’t be harsh to find a settler to your property. After investing funds, the applicant is issued a residence permit, which is a mandatory stage of participation in the state investment program. Turkish government provides an opportunity to acquire a second passport through investment in the economy of the state. According to the latest legislative amendments approved in September 2018, the investment threshold has been reduced from $ 1,000,000 to $ 250,000.

Due to the coronavirus, people can open a bank account remotely in 2021. Furthermore, they can make their sales transfer without coming law firm to Turkey. With the Apostilled Authorization document, your transactions are continued by proxy without traveling to Turkey.

Istanbul Homes is the leading real estate company in Turkey in terms of property sales to overseas investors with experience since 2004. To add, having more than 120 local experts in our team, we are speaking more than 20 languages in our offices, including English, Turkish, Dutch, Swedish, Russian, German, French, Arabic, Persian, Chinese, Pashto, Urdu, Punjabi, etc. We know how important to be able to communicate in one’s language is, and we speak your language. The most preferred type of citizenship in recent years is the one by real estate investment because the applicants both gain citizenship and have a consistently profitable investment. The required information about citizenship by investment will be provided in the continuation of the article. In this article, we tried to fulfil and present the most prominent conditions for obtaining Turkish citizenship through real estate investment and other investments suitable for naturalization in Turkey.

Banks, Bonds, And Businesses

But with the imposition of such a declaration, the Turkish authorities produce the evidence of the investor’s general responsibility at first hand. In this regard, the foreign investors must especially refrain from manipulative real estate price evaluation reports. As of March 23, 2021, there are some important changes in the rules of the Turkish citizenship through investment. Overwhelming majority of those changes are related to real estate investments. In other words, unfortunately, the citizenship procedures are now more complicated. This is why the foreign investors now need to cooperate with legal experts more than ever to complete their investments and citizenship applications smoothly.

Provided that, in cases where the company or the branch is to make investments, the planned minimum investment figure is at least TRY 47.1 million. On paper, Vanuatu prevents citizens of Syria, Iraq, Iran, Yemen and North Korea from obtaining citizenship unless they can prove they have been a resident outside these countries for more than five years. However, the Guardian was able to identify a number of applicants from those countries who were resident within the black-listed countries at the time of applying.

Can I Benefit From Turkish Education System When I Get Turkish Citizenship?

You can also live and work in the country while investing there and still retain citizenship. To get started on your journey to becoming an investor in Turkey, you will need to open an account at the bank that you plan on doing your investing in. This way you can have a paper trail as well as a record of your finances. The bank should be able to assist you with any questions that you might have about opening an account, getting a loan, or anything else related to your new status. Once you have an account setup, you can now start applying for the different programs that are available. Birth certificate or any other document proving birth information, such as obtaining a civil registration of the applicant & all family members .

The main applicant’s spouse and children below 18 years of age can be included in a family application for Turkish citizenship by investment. For over a decade he has been an independent real estate buyer’s agent in Istanbul for locals, and renovation manager. As the market for international investors is growing, he has increasingly been helping foreigners invest in second hand apartments. This market is where money is to be made for investors, but also where there is the most complexity.

Mr Hamit Could You Please Give Us A General Explanation About Turkish Citizenship By Investment:

Full Turkish citizenship and the Turkish passport are issued to the applicant and his/her family. Turkey is perceived among Arab businessmen in particular as a prime investment destination. Its safety, stability, and strategic location between Arab countries and global markets have opened countless opportunities for investors to seamlessly expand their international trade between Turkey and other countries. Additionally, the Turkish economy is famous for its high GDP rate and fair tax system, and the country is well-known for the free education and full medical assistance it offers its citizens. All of those benefits and more have made it a no-brainer for businessmen to invest their money in Turkish citizenship.

turkish citizenship by investment

In 2015 a tropical storm wiped out 90% Dominica, funds from citizenship program helped Dominica to recover. In Malta, the revenues from Individual investor programme, accounted for 40% of 2014 tax revenues. Most of our services are free, and we do not take a commission from the buyer. The one grey area is Bulgaria, which offers a residence by investment program with a fast-track to citizenship option. But this “fast track” still takes two or more years before official citizenship is conferred on the investor. Countries have various criteria that an individual can meet to qualify for a residence permit, from having a job offer to starting a company to marrying one of their citizens.

Turkey Citizenship Through Governmental Investment

The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process law firm istanbul with samples and best practice advice. In addition, you are required to maintain your real estate purchase for a holding period of 3 years.

turkish citizenship by investment

•Find out if there are restrictions on real estate, such as hypothec, foreclosure. In addition to our apartment, we would like to inform you that the Park project offers in-house services. You can do your social activities such as pool, aqua partk, gymnasium, meeting room, which are completely owned by Eşin Group. Transfer the investment amount & any applicable fees into an approved ESCROW account. The narrow Turkish Straits seaway between the two continents, including the Dardanelles and the Bosporus Strait, is one of the world’s key maritime passages; it is the only access-point between the Mediterranean and the Black Sea.

There are alternative ways to obtain a Turkish citizenship if the investment route isn’t what you’re looking for. Normally, this will be issued on the day of your application, making it one of the speediest residence processes we’ve seen in the world. However, keep in mind that throughout the process, lots of paperwork will be required. Official translations, apostilles, notary certifications, photos… It’s best to leave it all up to a certified professional. You also need to maintain the investment for a minimum of three years, which is very short in the CBI world. When the Turkish CBI program was launched, you needed to employ 100 people.

  • We tell you which countries most often participate in the program and what they invest in.
  • Moreover, luxurious and comfortable houses are beautiful and dreamy.
  • Once you have held onto your investment for the minimum period of 3 years, you will become a Turkish citizen for life, as will your spouse and children.
  • Then, he is required to obtain written consent from the mother for the naturalization of her children who are under 18 years old.

Certain conditions apply including living together, refraining from behavior that could damage the marital union, and posing no threat to national security or public order. As we have delivered hundreds of passports, we give you full support for preparing documents. When you apply for citizenship, you are not required to declare your assets or income that you currently have in other countries. In the same way, if you want to apply for Turkish citizenship by investment, you need to deposit at least 500 thousand dollars in the bank, not to withdraw for 3 years.

turkish citizenship by investment

There are several paths leading to Turkish citizenship and it is hard to say which the best one is. The most affordable option, however, is investing into residential turkish citizenship by investment accommodations or some other type of property that is worth not less than US$ 250,000. After three years, you can sell it back while keeping the Turkish passport.

turkish citizenship by investment

These 3 stages can be explained briefly as; making an investment, obtaining resident permit, organizing citizenship file and filing Turkish citizenship application. Our Turkey immigration lawyers perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship. We perform legal services for property purchase and management for foreign clients. Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens.

turkish citizenship by investment

It is also a good solution for those who want to renounce their US citizenship but are worried about losing their travel privileges. And if your income is high enough, how quickly you can obtain that second passport can make a dramatic difference in how much you will save in taxes – even on the level of hundreds of thousands of dollars. For instance, you could pursue naturalization via residence by investment or even paper residence. Vanuatu does tend to be faster than the Caribbean programs, but it’s not the most desirable program out there. Upon choosing the country you want to invest in, you will go through quite a bit of paperwork to present your entire case to the country.

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