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Turkish citizenship passport

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Turkey is in a special geographical location which part of it is in Europe and part of it in Asia. Turkey throughout history has always acted as a barrier or bridge between the two continents. This country welcomes investors to apply for citizenship through the investment program. Opportunity for Turkish citizenship in recent years has become more attractive, because the minimum investment costs in 2018 have been further reduced and the whole procedure usually takes 2 to 3 months. Turkish passport holders can enter 110 countries, including Singapore, Japan, Qatar and South Korea. Turkish citizenship is the easiest and most cost-effective way to enter the United States of America and Britain. Turkish citizens can apply for an E-2 United States investment visa to live in the United States.

 

A brief look at the Turkish citizenship program :

 

Turkish citizenship program by investing is the fastest way to obtain Turkish citizenship in approximately 6 months. Applicants buying their real estate worth $ 250,000 in Turkey, will enjoy the same rights as Turkish citizens according to the law and become citizens of this country.

Duration of citizenship: 6-8 months

Authorized nationalities: All nationalities

Visa-free travel countries: 111 countries, including Japan, South Korea, Singapore and other major Asian ,African and South American countries

Type of investment: Real estate in Turkey

Investment cost: $ 250,000

 

Methods of obtaining citizenship by investing in Turkey:

 

1 - Investing in a variety of real estate:

In this method, the investor must invest at least $ 250,000 in real estate and this investment must be stored for up to 3 years.

 

2 - Bank deposit:

In this method, the applicant deposits at least $ 500,000 in Turkish banks. This investment too must be stored for up to 3 years.

 

3- Buying shares in investment funds or government bonds:

The applicant buys up to $ 500,000 worth of government stock or bonds. These stocks must be stored for at least up to 3 years.

 

4 - Entrepreneurship and business creation:

In this way, the investor must create a business in which he employs at least 50 people. This business must keep on working for at least 3 years.

 

 

Step by step to obtain Turkish citizenship through investment:

 

Step 1: Get the tax code:

You must obtain your tax code from the Turkish tax offices by submitting the required documents such as passport and photo

 

Step 2: Open a bank account:

At this stage, you must open a bank account in Turkey. Providing utility bills, passport and tax code for opening a bank account is obligatory.

 

Step 3: Invest

At this stage, you should invest in Turkey according to your chosen method.

 

Step 4: Apply for a Residence Permit

 

Step 5: Send the file to the Turkish Treasury

Send your citizenship application file, including general and investment documents to the Turkish Treasury Affairs.

 

Step 6: Send the citizenship application to the Ministry of Interior

At this stage, after the file is approved by the Treasury Department, you must submit your citizenship application to the Ministry of Interior. If approved, you will become a Turkish citizen.

 

Benefits of Turkish citizenship and Turkish passport:

 

  • No need to take an English language test
  • Visa-free travel: to 118 countries
  • Fast application process and citizenship in less than 6 months
  • Dual citizenship: Second citizenship without revoking the citizenship of the previous country
  • Ability to open bank accounts in international banks around the world
  • No need to stay in Turkey
  • Apply for a business visa through Ankara agreements
  • Possibility to receive citizenship for spouse and children under 18 years
  • Proximity to Iran
  • Ability to trade with different countries

 

 

Turkish citizenship requirements:

 

Must be at least 18 years old.

Have no criminal record.

 

 

Tax laws in Turkey:

 

  • To pay taxes, a person must legally be a resident in Turkey, or live in Turkey for at least 6 months a year.
  • Citizens are subject to global income tax and non-residents are only subject to income tax that they earn from Turkey.
  • Lack of inheritance tax
  • Personal income tax
  • Cost tax (water, electricity, gas and telephone)
  • VAT
  • Banking tax and insurance
  • Property tax and wealth
  • Stamp duty tax
  • Inheritance and gift taxes
  • Tax on real estate or car transactions

 

General documents required for obtaining Turkish citizenship:

 

Original and copy of passport

Four pieces of passport photos

Medical Certificate

Original police certificate

Identity and birth certificates

Original copy or copy of marriage certificate (if any)

Social security certificate for employees

Statement of source of funds

Business license documents, investment documents or property documents

 

 

Turkish citizenship fee:

 

To obtain citizenship through investment in Turkey, based on the different investment methods, you need to invest between $ 250,000 and $ 500,000. In addition, there are fees for the verification of information, lawyers' fees, purchase tax, notary, health insurance, passport fee, etc. which must also be paid

 

Frequently Asked Questions about Turkish Citizenship:

 

Can I buy more than one property for citizenship?

Yes, the total value of the purchased property must be at least $ 250,000.

 

Can legal entities buy residential or commercial real estate?

Legal entities cannot invest in real estate to have citizenship.

 

Are there investment restrictions for a particular nationality?

Turkey has no restrictions on nationalities, but recently Syrian citizens have not been allowed to buy property.

 

Can I apply for citizenship without being in Turkey?

Yes, you can hire your lawyer to do everything for you. Although to complete the passport process you need to visit at least once for fingerprinting and signing documents.

 

Do we have to have a bank account to invest in Turkey?

Yes, for ease of citizenship and investment

 

How long does it take to get a passport?

It generally takes 3 to 4 months for you to be issued a Turkish passport.

Purchase of property - 1 month

Residence permit - 2 months

Citizenship - 1 month

Passport - 1 month

 

How many years do I have to own the property before selling it?

If you are applying for citizenship, you must retain your property for 3 years in accordance with the existing laws.

 

What are the conditions for investing in legal entities or companies in real estate?

In Turkey, only commercial companies that are established under the laws of their respective countries and have legality can acquire real estate and limited rights as foreign legal entities.

 

Do I have the right to vote with Turkish citizenship?

Yes, you have equal opportunities with Turkish citizens, including the right to vote and to have government offices for investors given through the TCBI scheme.

 

Where can I find real estate details online?

You might be able to find property questions online at parselsorgu.tkgm.gov.tr

 

How do real estate investors get a residence permit?

Foreign investors are issued a short-term residence permit, if not used for six months, it will become invalid. Long-term residence card will be issued for those who have lived in Turkey for at least 8 years.

 

What happens if I sell the property prior to the 3 years minimum?

You might lose your citizenship and residency. If the main applicant loses his/her citizenship and residence, all family members also lose those rights.

 

Can I buy shares or equity in real estate?

Yes, but the investment must be at least $ 250,000.

 

 

 

 

Get in touch with us

 

Head Office:


Sydney, Australia
Address:
Level 35, International Tower One
100 Barangaroo Ave, Sydney, NSW 2000

Phone :
+61 1300 624 625  

 

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Address: Level 40, 140 William St, Melbourne VIC 3000
 

 

Tehran, Iran
Address: No. 22. Mirza Hassani Alley, Ghaem Magham St
Phone :
+98 2188105507-8

 

Kish Island, Iran

Address: The 4th floor, Mona Tower, Kashani Farid Boulevard

 

Dubai, The United Arab Emirates
Address: Level 41, Emirates Towers, Sheikh Zayed Road, Dubai
 

 

 

 


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