Turkish citizenship is awarded to foreign investors who make certain contributions in the Turkish economy, and the program’s ease of use and flexibility contributed to its increased popularity in 2017. For as low as $400, participants may get Turkish citizenship and Turkish nationality for their whole family without having to take any examinations or establish permanent status in Turkey.
Turkish Citizenship: Benefits
Turkey’s Citizenship by Investment (CBI) program has several advantages to investors.
- Visa Free travel to over 120 countries
Turkish nationals can travel to 120+ countries without a visa or obtain one at the airport, including Japan. Singapore and South Korea. - 5-Year Schengen Visa
Turkish citizens may apply for an extended Schengen visa C-2, allowing a maximum stay of 90 consecutive days. - E-2 business visa for the USA
Turkish nationals are eligible for an E-2 visa. This permits them to buy or establish a small company in America and live there with their families. - Safe Haven
Turkey can be a place of safety for your family during times of emergency, like pandemics or political crises. - Rights to Retain Citizenship
Turkey allows dual nationality, meaning you can retain your current passport whilst enjoying Turkish citizenship. - Profitable Investment Opportunities
Turkish real estate has experienced consistent growth with prices rising by 15-25% a year. - Citizenship for family members
Children under 18 and spouses are automatically entitled to citizenship if the investor applies.
Investment Options
Turkey provides five paths for citizenship. Each has a different investment requirement and unique benefits.
- Real Estate Purchase – $400,000+
- This is the most popular selection.
- Investing in commercial and residential property is possible.
- In recent years, the real estate price in Turkey is on a steady rise. This makes it an excellent investment.
- After three years investors may sell the property, while maintaining citizenship.
- Business investment – $50000+
- You can invest in the equity of a Turkish business.
- Establish a new business to create at least fifty jobs.
- Bank Deposits – Over $50000
- Deposit funds at a Turkish bank and keep them there for at least three-years.
- This time period allows for the accumulation of interest on funds.
- Government Securities – Bonds of $500,000 and Above
- Purchase bonds of the government that are locked in for three years.
- Investments Funds for $500,000 and More
- Invest in the units of a fund that has been approved.
- You can earn passive income throughout the 3-year period of holding.
Why is Real Estate the Most Popular Choice?
About 95% choose real estate as their investment. Here’s why:
- High Reward: In Turkey, property prices have increased by between 15 and 25% per year.
- Options Investors can buy apartments, land or commercial spaces (if the property has a building permit and/or an existing structure).
- Flexibility You can purchase multiple properties in order to meet the $400,000 minimum requirement.
- Reduced Risk : Real estate investment is relatively risk-free compared to the other alternatives.
The Step-by-Step Process
You can acquire Turkish citizenship via investment in several ways:
- A preliminary due diligence
- This quick check will help you to determine your eligibility, assess risk and make sure that it is within the limits of what’s allowed.
- Confidentiality can be maintained using documents as basic as a Passport.
- Document Prepare
- Attorneys can help you with translation, notarization, and organizing of the required paperwork.
- This typically takes two to four weeks.
- Investment Execution
- In the case of real estate, an investor selects a home and makes a first payment.
- In the case of other investment options, money is transferred directly to each respective vehicle.
- Resident Permit Application
- Prior to applying for citizenship the investors’ families will receive a permit of residence.
- Citizenship Application
- Photos and fingerprints will be collected.
- Turkish authorities will receive your application.
- Authorities to Exercise Due Diligence
- The process is thorough and verifies that the applicants’ background, documents, and credentials are correct.
- Takes about 3-4 months.
- Citizenship Approval
- Once the investment is approved, both investors and their immediate families are eligible for Turkish passports.
Financial Breakdown
You can get a rough idea of how much it will cost to buy real estate.
- Property Acquisition: Minimum of $400,000.
- Taxes $14,000 and above
- Government Process Fees $574 per person
Long-Term Prospects
Investors may withdraw or sell their deposits in the bank after three-years. Citizenship remains intact despite selling assets.
Who qualifies for the program?
- The principal investor (must satisfy financial requirements).
- The investor’s spouse
- Children aged under 18 are considered to be children.
Citizenship by Investment in Turkey does not require that the applicant pass a language test or fulfill residency requirements.
Investment Process: How to navigate it?
It might appear complicated but it is simple and straightforward for investors who adhere to the proper steps. Turkey’s citizenship program ensures accessibility and ease of use from the preparation of initial documents to approval.
Document preparation and Due Diligence
For any investor, the initial step should be preliminary due-diligence. It involves an in-depth review of the background of the applicants to minimize the risks of rejection. Investors have to show identification such as their passport and pass compliance tests. The assessments highlight issues that may hinder the approval of the project.
Investors should gather required documentation after the first check. These documents include proof of investment (if relevant), property ownership and certified translated versions. Legal professionals assist with this process in order to ensure accuracy, compliance with Turkish regulation and correctness.
Residency, Investment and Residency
Investors then make an investment following the completion of due diligence. The investment can be real estate shares or a deposit in a Turkish bank. Turkey’s property boom has made real estate the top investment option.
Investors must also submit a Turkish resident permit application before they can apply for citizenship. This permit allows them to continue living in Turkey, while the citizenship is being processed. While it’s only a procedure requirement, this allows the investor to experience Turkey’s lifestyle and culture.
Citizenship Application
Citizenship application forms can be sent once investment documentation has been completed. Applicants, along with their spouses, are required by the migration office to submit biometric data such as fingerprinting or photographs. In general, it takes three to four months for the government authorities to review and process citizenship applications.
Why Choose Turkey?
Turkey offers much more to investors than just passports. It provides access to enhanced global mobility as well as a good quality of lifestyle. What makes Turkey a leading choice among investors interested in citizenship by investing?
Strategic geographical location
Turkey’s bridge-like position connecting Europe with Asia is ideal for business, tourism, and culture. Turkey provides easy access for both continents. This makes Turkey a perfect base for international investors who want to expand.
Ankara and Istanbul in particular are important hubs for trade and innovation. Furthermore, millions of international visitors are drawn to Turkey by its stunning landscapes and rich cultural legacy, which is increasing travel, real estate, and investment.
Booming Real Estate Market
Turkey’s CBI programme is founded on the investment in real estate. Due in significant part to the extraordinary rates of property value rise, almost 95% of people took this route. Turkey is a fantastic place to invest for the long term because housing values there increase by 15% to 25% every year.
From opulent homes by the sea to city flats, Turkey offers a wide range of investment opportunities. One excellent method of generating passive income is by renting out real estate. After three years, some investors decide to sell their houses, which can provide large cash returns.
Global Mobility
Turkish citizenship offers seamless access to international travel. Turkish passports enjoy unprecedented mobility, with access to visa-free countries or visas-on-arrival in more than 120 nations, including Japan and South Korea. In addition, getting a C-2 Schengen-visa is fairly easy, as it allows for access to all 26 European states within the 180 day period.
Turkish nationals can apply for the E-2 Visa if they want to establish themselves in the US. The investor and his family are permitted to reside and do business in the United States with this visa.
The Economic Situation and the Opportunities
Foreign investors find Turkey’s economy appealing due to its stability and consistent growth over the last several years. Through a variety of incentives and the upholding of advantageous policies, the government encourages foreign direct investment (FDI).
There are several prospects for investors in the Turkish market, particularly in the fields of manufacturing, tourism, technology, and construction. You may also diversify your portfolio by investing in government bonds, bank deposits, or venture capital.
Life in Turkey
Turkey is more than just a desirable place to invest. Living there is fantastic. Turkey provides a lively and fascinating lifestyle with its well-known food and kind, hospitable people.
Cultural Diversity
Turkey has a rich and diverse culture. Hagiasa and Ephesus are historical monuments which stand in harmony with the modern ones, reflecting Turkey’s unique blend of traditions and progress.
Turkey hosts a variety of festivals, concerts and art exhibitions throughout the entire year. A country that loves sports, particularly basketball and soccer, can also be a source of entertainment for its citizens.
Healthcare and Education
Turkey is deeply committed to its people’s growth and well-being, as seen by its high-quality healthcare and education systems. Many schools and institutions in Turkey offer curriculums in English, French, or German.
Turkish healthcare is of excellent quality, attracting both tourists and medical experts from throughout the world. This is because citizenship grants investors and their family access to these services, ensuring a high standard of living.
Safe Haven
Turkey can provide a stable environment and security for both investors and families in these uncertain times. The nation has proven its ability to keep social and/or political stability even during crises. Turkish nationality offers peace-of-mind, because you’ll know that you can always relocate to a secure haven if needed.
Financial Advantages
Turkey’s CBI programme is not only about obtaining citizenship — it’s an intelligent financial decision. Here’s why:
- A High Return Potential: Over the past decade, real estate investment in Turkey has shown a consistent rise. Investors have the option to earn rental income, or they can choose to sell property after three years at a good profit.
- Diverse Investments Whether you’re looking for securities, ventures or government bonds in Turkey, the program can cater to your preferences.
- Tax Benefits. Turkey’s government offers certain tax benefits to investors, making them more profitable. Real estate transactions may qualify as VAT exempt under certain conditions.
Conclusion
Citizenship by Investment presents special chances for investors to earn financial rewards and acquire second citizenship. Turkey’s geographic location, strong economy, and hospitable cultures have solidified it as one of the most sought-after travel destinations for people from across the world.
The program provides investors with a passport as well as access to opportunities in a nation filled with vibrancy. Turkish Citizenship opens up a whole world of opportunity for families and investors.