Acquire Turkey Citizenship By Investment
Access to Turkish citizenship has been eased for foreign investors with the amendments made to Turkey’s current citizenship law. The new regulations were published in the Official Gazette on September 18, 2018. Access to Turkish citizenship has been eased for foreign investors with the amendments made to Turkey’s current citizenship law. The new regulations were published in the Official Gazette on September 18, 2018.
Required Documents for Turkish Citizenship by Investment Application
Preparing documents for citizenship needs special knowledge and experience. As every person has different conditions and status, it’s advised to get juridical support from our company lawyers. As we have delivered hundreds of passports, we give you full support for preparing documents.
·4 passport-size photos of each member of your family
·Residence permit or valid Touristic Visa on your passport
·If applicable, documents proving your relationships with your spouse and children (marriage license, birth certificate for children’s)
·If applicable, Turkish ID copy and address of applicant’s relatives in Turkey
·Application tax payment receipt
Citizenship Types in Turkey
Citizenship by Investment: In 2018, the Turkish government introduced a new fast-track system to become a Turkish citizen. People who are eligible to apply include anyone who has bought a property worth 250.000 USD or deposited 500.000 USD in Turkish banks. Both transactions will need to stay in place for three years. People who have invested at least 500.000 USD in fixed capital or employ 50 Turkish people are also eligible. (Alternatively, read more about the Turkish Citizenship By Fund Investment here)
The Turquoise System: Introduced in 2017, the Turquoise System allows people who have skills or attributes in technology, economics, sports, cultural and arts, as well as business executives and investors to apply for an alternative type of citizenship that grants almost full rights. (Read more about the Turquoise Card system here)
Property and Residence Permit Holders: Any property owner in Turkey who has lived in the country for a straight, uninterrupted period of 5 years can also apply on the condition that they have stayed for 5 years in Turkey. Article 11 of Act 5901 lists the requirements for an uninterrupted residence permit. There isn’t a minimal amount for the property value.
Birth: The easiest way is to be born in a family with a Turkish mother and father. According to Article 1 of the Turkish Citizenship Law No. 403, citizens born to one or both Turkish parents have the right to get citizenship at once. Alternatively, if a mother and father are successful in their applications, this is extended to the children. Anyone who has lost their Turkish citizenship can also re-apply.
Marriage: Many foreigners have obtained citizenship after 3 years of marriage to a Turkish citizen. Certain conditions apply including living together, refraining from behaviour that could damage the marital union and posing no threat to national security or public order.
Become Citizen with your Family
Your spouse and children under 18 years old can acquire citizenship together with you at the same time.
No need to be a Permanent Resident
You do not have to have lived continuously in Turkey for a certain period to become eligible for citizenship. You can continue to live abroad and apply for citizenship as soon as you get the residence permit.
No Wealth Declaration
When you apply for citizenship, you are not required to declare your assets or income that you currently have in other countries.
High Return of Investment
After holding your investment for 3 years, you can cash out your investment. The Turkish property market has an average capital appreciation of 12% annually. Property prices rise roughly 20-25% yearly in İstanbul.
Real Estate Investment = $250,000
• Acquiring a property worth a minimum of 250,000 USD (previously 1 million USD) or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years (attested by the Ministry of Environment and Urbanization)
• For the real estate(s) purchased between the dates 12.01.2017 and 18.09.2018, the real estate must be worth at least $1.000.000 and above.
• It is not possible to apply for citizenship with real estate(s) purchased before the date 12.01.2017 and the real estate(s) covered by an agreement for the promise of sale before the date 07.12.2018.
• USD value of the property is calculated based on the effective exchange rate of Turkish Central Bank at the date of transaction. Real estate valuation report, bank receipts and title deed value must be more than the minimum investment amount each separately.
• Joint owned property application and buying multiple properties is possible.