Turkish citizenship by investment 2023 What are the conditions for obtaining Turkish citizenship by investment?
The minimum investment amount required to apply for Turkish citizenship through real estate investment has become $400,000 starting from June 13, 2022. After this date, to be able to apply for citizenship through real estate investment, the value of the property(s) purchased must be be at least $400,000.
5 ways to obtain Turkish citizenship are:
Turkish citizenship by investment – buying a property worth $400,000 and 5 other ways
Company registration in Turkey and work permit (Çalışma İzni) – 5 years
Nationality by birth
sexuality through marriage
Citizenship by purchasing a property in Turkey of any value not less than ($75,000) – after 5 years
According to the law, obtaining Turkish citizenship is now guaranteed through marriage, childbirth, paternity, and investment in Turkey.
The Turkish Citizenship by Investment (TCBI) program launched in January 2017 has led to an exponential growth in the real estate sector, attracting foreign investors from all over the world.
Turkish citizenship gives investors the opportunity to access European and Asian markets. Also, to obtain citizenship for life of a country in the process of full membership negotiations with the European Union.
Turkey allows foreigners to invest in various channels in the country and obtain the right to citizenship.
6 alternatives to obtaining Turkish citizenship by investment
There are 6 main ways to obtain Turkish citizenship by investment:
Turkish citizenship by investing in real estate worth $400,000
You must make a fixed capital investment of at least $500,000
Employ at least 50 people
A minimum of $500,000 (may be equal to different currencies or Turkish liras) must be accepted as deposits in banks operating in Turkey.
Condition: The deposit cannot be withdrawn from the bank for 3 years.
An amount of at least 500,000 USD (or the equivalent of a different foreign currency or Turkish Lira) must be purchased from government debt
Condition: Government debt securities must be held for 3 years.
A stake in a real estate investment fund or a stake in a venture capital investment fund must be purchased with a minimum value of $500,000.
Condition: Participation shares must be held for 3 years.
Turkish citizenship through real estate investment – buying real estate in Turkey with a value of not less than 400,000 dollars
The amount of Turkish citizenship by real estate investment has been increased from 250,000 USD to 400,000 USD by the decision of the President as of June 13, 2022. You can apply for citizenship with the real estate you have already purchased. The value of real estate purchased between January 12, 2017 and September 18, 2018 must not be less than $1 million. Therefore, real estate amounts of less than $1 million that were purchased before this date are not sufficient for citizenship applications.
You can obtain Turkish citizenship by real estate investment for yourself, your wife and children under the age of 18 with the obligation not to sell it again within 3 years. A Turkish passport is issued within 3 months.
Circumstances:
The property must be purchased with cash.
The owner of the property you intend to buy must be a Turkish citizen.
The title deed must be ready.
He has no problem in terms of debt.
You have purchased 2 or 3 properties, and the total is enough to be $400,000.
What are all the papers required to obtain Turkish citizenship?
The documents required to obtain Turkish citizenship by investment in the application stage are:
Turkish citizenship application form by investment Vat-4. Other nationality application forms VAT
Also the Population registration – birth certificate (for all family members)
Certificate of residence
Marital status certificate (showing that the person who buys the property on behalf of the property is married, single, or divorced)
Death certificate (if the applicant is a widow, a document relating to the death of the spouse)
health insurance
Also, 4 biometric photos (taken on a white background) are required.
passport
Parental consent letter (for a child under the age of 18 who will obtain Turkish citizenship for the applicant. It must be issued by a notary public, foreign representative, or the competent authorities in his/her country. Note: An original and notarized Turkish translation of the above documents
Power of Attorney (to authorize a lawyer)
Corresponding certificate
Service fee receipt (must be obtained from the cashier)
3 stages to obtain Turkish citizenship by investment
How to apply for Turkish citizenship?
There are three stages for obtaining Turkish citizenship through real estate investment:
1. Obtaining a certificate of conformity
After the title deed has been transferred; The Certificate of Conformity is obtained from the General Directorate of Land Registry and Cadastre with;
bank transfer receipts,
Real estate appraisal report to acquire Turkish citizenship,
An annotation of “Cannot be sold for 3 years” in the Title Deed/Property Sales Commitment Contract.
2. Turkish residence permit application
To obtain a residence permit in Turkey, you must apply to the Provincial Immigration Department with the necessary documents.
The investor has the right to renew the residence permit until the completion of the procedures for obtaining citizenship.
3. Request to obtain Turkish citizenship
The application is completed by applying for Turkish citizenship by investment to the General Directorate of Population and Citizenship Affairs along with the residence permit and all the documents that you obtain before this stage.
After submission, the competent authorities evaluate the application.
After determining the eligibility of the application for citizenship in Turkey, it is signed by President Recep Tayyip Erdogan and the Turkish citizenship process is completed.
How long exactly does it take to obtain Turkish citizenship by investment?
It takes 3 to 4 months to officially obtain Turkish citizenship by investment in 2023 after you have made the investment and applied for citizenship. Also, it is possible to obtain Turkish citizenship for family members: spouse (wife/husband) and children under the age of 18 within one week as the main applicant has obtained citizenship. You can also get the new Turkish passport and identity card immediately after that. However, it may vary from 1 to 2 weeks depending on the appointment time of the Turkish passport.
The total amount of the Turkish passport fee has been updated for the year 2023
689.70 TL for passports up to 6 months
1008.30 TL for a year
1646.10 TL for two years
2,338.50 TL for 3 years
3,295.50 TL for more than 3 years.
Where is the application for Turkish citizenship and Turkish passport?
The General Directorate of Population and Citizenship Affairs on the European side | Turkish citizenship by investment
Benefits to obtain Turkish citizenship by investment
10 advantages of obtaining Turkish citizenship by investment are:
The right to reside in Turkey for life
You can benefit from the powerful Turkish health system (for free)
You can benefit from high-quality educational institutions (for free)
The right to work and the opportunity to invest in Turkey without any restrictions
The right to citizenship for the spouse and children under the age of 18 of the applicant
The right to obtain an investor visa in the United States of America for a period of five years, renewable
All international incentives granted to Turkish nationals through bilateral or multilateral agreements, including but not limited to the Ankara Agreement.
You will have the right to vote.
The Republic of Turkey allows the benefits of dual citizenship.
Visa-Free Turkish Citizenship Countries – The Turkish passport allows you to travel to 111 countries without a visa or by obtaining a visa at the gate. Special and service passport holders can travel to 146 countries without a visa and 9 countries that issue visas at the gate.
Citizenship lawyer – work with the lawyer
Why should I work with a Turkish citizenship lawyer? What are the benefits of a Turkish citizenship lawyer in my application?
When applying for Turkish citizenship, no one knows the rules of Turkish law better than a citizenship lawyer. Furthermore, lawyers have areas of specialization in certain subjects.
The most professional citizenship lawyer with knowledge and experience in the field of foreign citizenship will guide you in the right way and make your transactions easier while keeping you away from the complexity. The only person who can help you obtain Turkish citizenship is an experienced lawyer.
With a professional citizenship lawyer and reliable real estate company, you will get the best and most profitable results.
Advantages of a Turkish citizenship lawyer in the application of citizenship
By cooperating with a citizenship attorney in your formalities, including citizenship, you will enjoy the following privileges:
1- Verify whether the property you intend to buy is suitable for the requirements of Turkish citizenship and provide the most accurate information and instructions.
2- Control over the status of the zoning of the property, whether it has a building permit, and whether there are any restrictions, foreclosures, and problematic situations on the property.
3- Verify the validity of the real estate appraisal report required to apply for Turkish citizenship and prove that the value of the property you purchased is not less than 400,000 US dollars.
4- Apply to the relevant official institution to obtain a residence permit.
5- Providing all the necessary legal advice in all your operations from preparing the documents required to obtain Turkish citizenship and a Turkish passport in accordance with the provisions of the law.
6- Carefully follow up the operations until the final stage.
