Overview: To draw foreign direct investment and boost growth in the country's real estate industry, the Türkiye Citizenship by Investment Program (formerly known as the Turkey Citizenship by Investment Program) was introduced in January 2017. The program gives candidates various options for economic contributions to Turkish society that will advance the nation's economy.
Turkey is a transcontinental Eurasian nation, with the metropolis of Istanbul encompassing both Europe and Asia on the Bosphorus Strait. It is a nation of great geostrategic importance and has lucrative industrives that benefits many countries.
The primary applicant must satisfy one of the following investment conditions to be eligible for citizenship;
Invest min USD 400,000 in property
Invest at least USD 500,000 (or an equivalent amount in another currency, Turkish Lira, or another currency) in shares of a real estate investment fund or a venture capital investment fund.
Fund a Turkish bank account worth min USD 500,000
Invest worth min USD 500,000 in fixed capital contributions
Create min 50 employments
Invest min USD 500,000 in government bonds
Invest min USD 500,000 for three-year in a private pension system
The primary applicant may submit applications on behalf of their spouse, dependent children under 18, and children of any age with disabilities.
Applicants must submit a residence permit application on behalf of the family after selecting the acceptable investment option. After that, the primary applicant must create a Turkish bank account.
After the real estate purchase, the paperwork is submitted to the government. All application materials, including certificates and translations, will be checked, the review procedure will start, then an interview request will be submitted. Usually, it takes 120 days for applications to be granted, after which citizenship documents are provided. After that, the passport application may be turned in.
The applicant must provide an original marriage certificate to apply for Turkish citizenship. The foreign ministry of the foreign investor must approve it in the applicant's country. The marriage certificate's original copy is then translated into Turkish. Then documents are notarized and stamped by the Turkish consulate.
1. If the applicant is divorced- The Divorce Certificate will be provided. The foreign ministry must approve the original marriage certificate after that original document must be translated to Turkish. Then documents are notarized and stamped by the Turkish consulate.
2. If the applicant is single - any document that shows singleness: The original single status certificate must be provided and approved by the foreign ministry of the applicant's country. After that, the original document must be translated into Turkish, then documents notarized and stamped by the Turkish consulate.
The current processing period for Turkey's citizenship by investment program is three to six months. During this time, applicants must go through several steps depending on their chosen investment plan.
You are entitled to Turkish citizen rights.
Regardless of color, creed, or language, a foreign national who becomes a Turkish citizen enjoys the same rights as a citizen born in Turkey.The Benefits of Citizenship also Apply to Your Family and Children
Along with the applicant, citizenship is also granted to their spouse, children under 18, and any unborn children.You Can Profit from Medical Services
Foreign nationals who acquire Turkish citizenship are eligible forhealth carefor themselves and their families. You and your family will enjoy health benefits through treatment in fully functional hospitals running in Turkey that meet international standards.High Standard Education Opportunity Can Benefit You
In Turkey, hundreds of colleges offer an education of the highest caliber, in addition to many primary, secondary, and high schools that offer instruction to international students in their native tongue. Due to the educational institutions and colleges that offer free or paid services, Turkish residents may obtain high-quality education services for themselves or their families. University students in Turkey must be citizens of Turkey to be eligible for the Education Credit and Hostels Institution's reimbursement. A foreign national who acquires Turkish citizenship is also eligible for an education loan.Your Business Relations Gain Strength
Due to its strong economy and reputation in the global business community, Turkey plays significant roles in international commerce and maintains business ties in dozens of countries and various industries. A foreign national engaged in commercial activity in Turkey will leverage his Turkish citizenship to expand his network of business contacts.E2 Investor Visa Application Will Be Simpler
For people who desire to invest in America by starting a firm or taking over an existing business, getting an E2 Investor Visa is easier if you are a citizen of Turkey. The country of the applicant for an E2 investment visa must have a trade agreement with the United States. On this matter, Turkey and the United States have an agreement.You Can Profit from Medical Services
Once the signatures are affixed and the contracts are concluded, a statement is entered into the real estate registry to the effect that the property will not be sold for three years and the title deed.You can hold dual citizenship
You will be granted Turkish citizenship in addition to your own citizenship because Turkey permits dual citizenship. Suppose you originally come from a country that forbids dual citizenship and meets the Turquoise Card requirements. In that case, the Turkish government might grant you an unlimited work but residency visa in Turkey. The Turquoise Card on this page's title has information that may be reviewed.Turkey welcomes visitors for as long as they like
It is essential to have a residence permit or work permit. Renew it to live in Turkey for an extended period and enjoy its favorable climate, natural and cultural beauty, and social living circumstances. When you are a citizen of Turkey, there are no limitations on how long you may stay there.Why You Should Care About Inheritance Law
Turkish law and Turkish inheritance law apply to a foreigner who is a citizen of Turkey. When a person passes away, the property they have acquired in Turkey is divided among one's heirs according to the legal shares available. Power to vote: The voting rights of foreign nationals who later become citizens of Turkey are the same as those of naturalized citizens.
