Living in Turkey means that you can enjoy stunning scenery, surrounded with the beautiful sea, enjoying delicious food and being welcomed by friendly neighbors. Turkish citizens live a vivacious and full lifestyle compared to the residents of many other countries.
Additionally, Turkey is a country of great geostrategic significance because it is near the borders to Europe in addition to Asia.
With all these benefits who wouldn’t want to move to an Eurasian country? Not to mention, with the most current citizenship programs and visas, a move to Turkey is no longer an issue. Most importantly, the business opportunities an expat can avail here are awe-inspiring as well as investing Turkey is profitable.
Turkey citizenship through investment gained a lot of attention after the residency programs offered by Spain, Portugal and Greece gained immense success. Additionally, the main reason for foreigners to apply for an Turkey investor visa that Turkey provides the access they need into European and Asian markets.
So, this was just a little brief about the course. Are you aware of the advantages of obtaining Turkish citizenship are? Furthermore, are you eligible to be eligible for the Turkey investment visa program? If not, what should you do to satisfy the requisites of the criteria?
Explore Turkey Golden Visa
Minimum Investment Amount: EUR400,000
Processing Time: 3 to 4 months
The Key Benefit of free movement in Turkey and
Many countries in the region
Short Summary of Citizenship through investment in Turkey
The Turkish citizenship program through investments was announced in the year 2016. Then, in January 2017 the Turkish government launched the program to stimulate foreign direct investment as well as improve the real estate industry. Under this program, the investors are free to choose what methods they would like to contribute to and strengthen the Turkish economy.
In the first year that Turkey’s citizenship-by-investment program was launched in 2004, the government estimated that the entry fee would be at around $1 million. This did not make it attractive to investors. After realizing that the price set is a little unreasonable, the Turkish government cut the amount needed to $250,000 in mid-2019.
Nowadays, the country earns approximately $250 million per month from foreign investors only. But, since the number of potential applicants to apply for Turkish citizenship is growing the cost of citizenship has been increased between $250,000 and $400,000.
Benefits of Turkish citizenship by Investment
You may not be aware that there are numerous advantages to Turkish citizenship by investment program. Some of the fascinating benefits are listed below.
Living, working and studying in Turkey in a free manner
A quick and easy path towards citizenship
Family reunification
Easy Schengen visa
Easy access to E2 Visa
Dual citizenship
Investment that is profitable
Visa Free Travel
Work, Live, and even study in Turkey
The Turkish passport grants your family and you the possibility to reside, work and go to school in Turkey. You can, for instance, earn money from your real estate property or rent the property out. Furthermore, if planning to move with your family, you could relieve the stress about your kids’ education. Since the visa is given to the entire family which means that you and your kids can benefit from the educational system and the Turkish high-standard lifestyle.
Fast Path to Citizenship
Turkey citizenship via investment is the quickest route for obtaining Turkish citizenship. After you invest $400,000 in real estate, you will be eligible to obtain your Turkish passport in less than 4 months after submitting the application.
Family Reunification
The people who apply for Turkey invest citizenship are allowed to bring their spouses as well as their children (dependent younger than 18) and responsible parents along with them. Besides, all the members can access free healthcare facilities as do the local Turkish population.
Easy Schengen Visa
Turkey citizens are able to apply for applicants for a Schengen visa with little hassle in the event that they have sufficient documentation. Additionally, there are many other countries that have bilateral agreements with the country that allow visa-free travel. These include Hong Kong, Singapore, Japan, Mexico, South Korea, and almost full Latin America.
The E2 is in the US
Getting citizenship in Turkey is an excellent option for those who aren’t able to apply for E2 Visa through their original citizenship, for example, India or China (mainland). E2 Visa applicants are available to residents of countries which have trade agreements to the US. Turkey residents are eligible and it is easy to apply to get an E-2 investor visa by utilizing the use of your Turkish citizenship.
No Residency or Language Requirements
There is no fixed time span for a person to live in Turkey either before or after the citizenship by investment Turkey procedure has been completed. Moreover, you are good to move even when are not acquainted with Turks speaking the Turkish language.
Dual Citizenship Rights
Turkey allows dual citizenship which means that you don’t have to sacrifice the nationality you have to get a Turkish passport. This is a major benefit for many investors who have obligations in their home country.
Profitable Investment
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it provides a variety of ways to invest that look promising.
Visa Free Travel
When you obtain an Turkish passport, you are able to travel to over 110 countries without needing Visa on arrival and an Electronic Travel Authorization.
Profitable Investment
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it provides a variety of ways to invest that are promising.
Turkish Citizenship for Indians
For Indian investors seeking new possibilities in their business for their business, the citizenship by investment program is gaining popularity. Because of the easy environment the immigration process from Turkey originated from India is becoming more popular with Indian business people.
Turkish citizenship is a good choice for Indian investors due to the fact that Turkey is a member of NATO as well as the UN The United Nations, the World Bank, and the IMF.
Immigration to Turkey From Pakistan
For many foreigners the idea of living and working with their families in Turkey is the life of their dreams because of its beautiful climate, cultural diversity, tasty cuisine stunning natural surroundings and a rich history. Due to these benefits as well as the strong ties between the two nations, Pakistani migration to Turkey has also gained a lot of attention.
Immigration based on investment through Pakistan to Turkey is the most sought-after option. Because of Turkey’s numerous benefits to Pakistani families, including high-quality, free educational institutions as well as a an efficient healthcare system that is reliable, Turkish citizenship for Pakistanis via investments is highly sought after.
Eligibility for Turkey Citizenship by Investment
To qualify to be eligible for Turkey citizenship through the investment program the applicant must meet:
Has to be at least 18 years old
Never stayed in a shady place in Turkey
Must pay the taxes and expenses for the procedure
Required Documents required to obtain Turkish Golden Visa
Birth certificates for all applicants
Passports of every applicant
Residence Documentation (Recent utility bill)
Photocopies of biometric passports in color of every applicant
Marriage certificate (optional)
Certificate of death or divorce of the spouse (optional)
Evidence that all applicants have a clean criminal record
Evidence of Health Insurance (valid within Turkey)
A proof of investing $400,000 into a Turkish banking account a lawyer’s client account
Turkish Tax ID # (necessary)
Note: You can also add your spouse, dependent children below 18 years old, and any child with disabilities.
Turkey Citizenship by Investment Routes
In order to apply for citizenship via investment in Turkey There are several ways to invest, for instance:
Real estate acquisition
Job creation
Capital Transfer
Investment Options
For investment, there are three ways to obtain a Turkish passport via investment.
1. Real Estate
There are plentiful ways that you can invest your money in real property. An individual has to invest $400,000 in real property in Turkey depending on the kind of property you wish to buy. You can purchase a villa, apartment, or even land.
Furthermore, there is no requirement for a pre-approval for buying properties as the property is usually not overvalued.
Note: You can also purchase multiple properties, whose total exceeds the minimum $400,000 figure. But it is essential that they are located within the same community.
Remember to register your properties the same day you purchase them. The purchaser is required to keep the property for at least three years.
Note: Prices for property at the most expensive locations range from $5,500 to $5,500 per square millimeter.
2. The creation of jobs
Another way to obtain Turkish citizenship by investing is to create jobs for at least 50 Turkish people. Start your own company and outsource some jobs to gain citizenship. Because establishing and running a country has its own costs so it’s advisable to seek out legal advice.
If you’re looking to discover the business world of Turkey hire locals and operate an international business that is legitimate.
3. Capital Transfer
Foreign investors who do not willing to invest in real estate or enter the business market can invest in capital. The minimum capital investment amount to make a Turkey citizenship investment has been established at $500,000.
What else can do with this money?
You can deposit it into the account of a Turkish bank
Contribute to government bonds
Invest in fund shares.
Make sure to retain the investment for three years.
One significant benefit of Turkey citizenship investments through cash transfer, is the fact that you do not require a deposit into Turkish foreign currency called Lira. In actual fact, it’s recommended to invest in one that is stable like the Euro.
Note that as an international investor and investor, the one that makes the most sense is the investment of real property. Not just due to the fact that it is less expensive to invest in however, the value of real estate is likely to increase in the coming years. Additionally, you can either rent or sell it.
Turkish Golden Visa: Residency Requirements
The great news is that there aren’t residency requirements for Turkey citizenship by investment.
You can apply remotely and later go to Turkey to check out the properties and the option you’ve picked for investment.
Certificate of Eligibility for Turkey Golden Visa
Depending on the kind of investment you intend to make depending on the type of investment, you have to submit an application to one of these organizations to obtain an official certificate of eligibility for investments in Turkey:
Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization – Real real estate route
Incentive Application as well as Foreign Capital, of the Turkish Ministry of Industry and Technology – Capital Investment Route
Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency Deposit to an account of a Turkish bank account
Turkish Ministry of Treasury and Finance – – investment in government bonds
Department of the Brokerage Activities of the Capital Markets Board of Turkey – real estate investment fund share or share of a venture capital fund
General Directorate of International Labor of the Ministry of Family, Labor and Social Services – The company set up
Turkey Citizenship Scheme Application Timeline
Hopefully, readers are now convinced to obtain a Turkish passport. Now , it’s time to know how for applying.
After you’ve decided on the method you’d like investing in Turkey, you will need to fill out the residency permit application. The whole process usually takes approximately three to four months. But the best thing is that you don’t need to be physically present within the country to take part in documents or an interview.
The next step is a little painstaking. You will be required to complete lots of documents! Notary certifications, official translations (if needed) and more. ; the process will surely take up a significant amount of time.
So, it’s great if you employ a professional who is certified to speed up the process.
Additionally, the process is hugely similar regardless of whether you decide to take the jobs, real estate or capital investment route. These are the steps to follow.
Step-by-Step Guide for Real Estate Route
Step 1: Contact the Golden Visa Team and obtain new Turkish Tax ID numbers.
In the absence of a tax ID, the legal system can’t allow you to proceed further and purchase a home. After you have the tax number, open an account at a bank within the country. Our expert team will guide you through the procedure.
Step 2: Research and identify the property you want to buy
This is where you’ll begin the documents.
Step 3: Collect documents
For investment into real estate you will need to get a certification of eligibility, and that will only be issued once you are eligible for Turkey citizenship through investment. In order to qualify, you have to apply to the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
Step 4: Get your residence permits
An applicant must be a legal resident while making an application. Thus, get your residence permit when you have made your investment for an Turkish passport. It will be issued on the same day you submit the application. This is why it is the fastest method of obtaining residence in the globe.
Fifth Step: Submit your paperwork
Lastly, after all the paperwork has been done according to the instructions of the person you hired to review it, you reach the final step- submitting your paperwork (all documents and application forms) to the Provincial Directorate of Census and Citizenship.
These steps can be completed within 24 hours! The first thing to note is that you don’t need to travel to the country to complete this. In addition, if you are available in Turkey, you can finish it during the day, hand in the paperwork, and get back to home with the title deed.
Time to celebrate: You’ll get your passports within three to four months of applying!
Our team of experts will guide you through the Turkey citizenship process through investments.
Low Due Diligence
The Turkish real estate due diligence is an all-inclusive report that contains information about the property’s legal status. It lets you know that the property is in any lawsuits or in any other debts. It also indicates if it is safe to be purchased.
Thus, if you’re purchasing a property in Turkey, the agent for real estate will visit the Land Registry to verify and examine that the number of registration is correct. In addition, the details regarding the lease and other obligations of the property will be confirmed.
In addition the real estate agent will perform due diligence to confirm whether the plan for the property is legal according to the local municipal regulations. The specialist will also verify the construction permits issued by local authorities.
Tax Consequences of Citizenship in Turkey
Turkey does not impose taxes on the money you receiving from overseas. Additionally, you’re not liable to pay taxes in Turkey even if you don’t remain there for more than six months. However, you have to be taxed on your income that is earned in Turkey.
For example, if you have rented out your house in the past, you will be required to pay taxes. Taxes on property are paid in two installments per year.
The tax rate for the year is 0.2 0.2% for apartment buildings and houses in metropolitan municipalities such as Istanbul.
If you own a property valued at 1,500,000TL, its owner is required to pay 3000TL in total per year. Pay the first installment in May, followed by the second installment in November.
If you’re selling a property, you’re supposed to pay the tax accumulated from all the previous years before the transfer of the deed.
Personal income tax is rated at up to 35% of income that is greater than 110,000 TL.
If you’re interested in getting citizenship of Turkey it is recommended to talk to an Turkish tax professional to learn how to apply the tax system.
Purchase of Property in Turkey
Turkey is not only one of the most popular countries for second citizenship but it also has a extremely appealing real estate market, with high rates of return. The vast array of options in terms of luxury and budget-friendly, new construction, off-plan, renovated apartments and villas, as well as resales of properties in Turkey is one of the main reasons that drives the interest of foreigners to buy properties there.
Property prices in Turkey
Turkish real estate can be an excellent investment. In Istanbul the value of real estate doubles every five to 10 years. Prices for homes in Turkey typically increase by 5 to 20 percent per year.
As per September 2022 Data:
The median price for residences in Istanbul is $130,000.
The average price for homes for residential use in Ankara is $78,000
The price of residential properties of Antalya is $113,000
Our real estate experts with Get Golden Visa can help you locate the ideal property for your needs and assist you in the process of finding the best property and citizenship acquisition.
Dual Citizenship Turkey
Turkey allows dual and multiple citizenships. No citizenship has been officially restricted.
Investors who are applying for Turkey citizenship by investing do not need to abdicate their citizenship of their country of origin to obtain Turkish citizenship. This can be a big advantage for those who wish to stay and work in their native country.
However, foreign citizens are exempt from certain Turkish services, including obligatory military service.
Note: Before you apply for Turkish citizenship, be sure your citizenship country doesn’t prohibit you from applying for Turkish citizenship.
Turkish Passport Visa Free Countries
Turkey nationality gives you lots of advantages One of them is the ability to travel to many countries without visa or by obtaining a visa upon arrival. Anyone with an Turkish passport have access to more than 110 countries across the world. Some of these countries are Qatar, Singapore, Tunisia, Jordan, Iraq, Japan, South Korea, Malaysia, Hong Kong, Indonesia, Belarus, Bosnia Chile, Colombia, Ecuador, El Salvador, Georgia, Paraguay, Serbia, South Africa, Thailand, Northern Cyprus, Ukraine, Uruguay, Morocco, Brazil, Argentina, Kuwait, Bahrain, Lebanon and most of the African countries.
With a Turkish passport, you’re eligible to enter 72 countries with no visa requirement, 35 countries with an entry visa you receive upon arriving and three countries with the electronic travel authority (eTA) which you can acquire online.
There are three methods to travel into countries where Turkish passports are not required to obtain visas. The options are listed below.
Visa-free entry: There is absolutely no need to obtain any visa.
Visa on arrival: You obtain an visa when you arrive in the country instead of seeking one prior to arrival. Only travelers are eligible for this sort of visa.
eTA: From three to five days before departure, you have the option of paying a fee in order to receive an electronic visa online.
Another Way to obtain Turkish Citizenship
Apart from gaining Turkey citizenship through investment, there are other routes to becoming a citizen, such as:
By marriage: If you’re married to a Turkey citizens, then you might become a citizen after three years.
Birthright: If one of your parents are Turkish, you can qualify for Turkish citizenship.
Employed In the case of employment, if you’ve been employed with the government for at minimum five years in the terms of a contract, then you’ll be eligible to become a citizen.
By naturalization: After living in Turkey for five years, you may be eligible to apply for Turkey citizenship.
Particularly if you have outstanding achievements in sports, science, or in the arts, you could be given Turkish citizenship
Solutions to Turkey Citizenship by Investment
Apart from the Turkey citizenship by investment program, many other European countries have launched their respective citizenship programs. In fact, these programs are popular with investors. These nations have been boosted in a way that has never been before, and foreigners enjoy an international life.
Frequently Asked Questions About Turkish Passport for Investment
What is the minimum amount I’ll need to put into acquiring Turkish citizenship?
The minimum investment amount for obtaining an Turkish passport through investment is $400,000. This is the amount that you can invest via real estate transactions. Up to 2022, this sum was $250,000.
In the case of other investment avenues starting from $500,000. When you make your necessary investment, you may expect to get your citizenship within three to four months.
Can I obtain Turkish citizenship through the purchase of a house?
Yes, you can become a Turkish citizen by buying a house. In fact, it’s one of the most well-known options under the Turkey citizenship by investment scheme. The requirement is that the property’s worth is an amount of at least $400,00. In addition, you’ll need obtain a proof of eligibility from the appropriate authorities.
Does Turkey sell citizenship?
Turkey grants citizenship in return to investors, which is what most Golden Visa states do. So this can be considered citizenship by investing. Eligible investors can choose their preferred investment route and start the process. Turkey investor citizenship procedures can be completed in less than 6 months.
Is getting Turkish citizenship easy?
If done correctly, obtaining Turkey investment citizenship is easy. The process is quick and straightforward. If you’ve got the right documents and make an investment that is eligible and you are able to be a citizen within 3 to 4 months. Professional assistance will simplify the process.
Is it possible for a foreigner to become a Turkish citizen?
Yes, foreigners can become Turkish citizens. Turkey has dual citizenship, however you’ll have to consult with your country of origin to find out if they permit dual citizenship. Citizenship can be acquired through Turkey investor citizenship scheme or naturalization.
Are the passports of a Turkish passport reliable?
Turkish passports are considered to be strong because it provides visa-free access to more than 110 countries. With an Turkish passport, you’ll be able to visit many Asian countries without getting the visa. This includes Thailand, South Korea, Japan and the Philippines. Also, many south American countries, such as Argentina and Venezuela allow Turkish passport holders without a visa.
Is there a Turkey residency through investment scheme?
Turkey does not have a distinct residency through investment program. It is possible to apply directly for the citizenship program and get your citizenship in the country, which will automatically translate into residency.
Do I need to learn Turkish if I get citizenship through investment?
No, you don’t. Unlike many other programs, no prior knowledge of Turkish is needed to obtain Citizenship through investments.
What are the rules for staying?
There is no need to stay meaning that you are able to leave the country, and return without any restrictions.
Can I include my family members in my application?
Yes, you can. Your spouse and any children under 18 can be added as your dependents.
Can I sell the house in the next few years?
It is necessary to maintain the property for a minimum period of three years. Once this time has passed it is possible to sell your house in Turkey.
