Turkey Citizenship - Legal Law Firm in Dubai, UAE

Turkey Citizenship By Investment

Turkey’s citizenship by investment was announced in 2016. Late in January 2017, the Turkish government launched the program to trigger foreign direct investment and improve its real estate sector. The program offers foreign nationals who buy real estate or bring capital over certain thresholds the eligibility to acquire Turkish citizenship.

Turkey is a country of significant geostrategic importance since it lies on the cross borders of Europe and Asia. Living in Turkey means treating yourself to splendid scenery, surrounding yourself with the beautiful sea, munching on delicious food, and being welcomed by warm neighbors.

Also, the most significant reason foreigners want to get a Turkey investment visa is that Turkey is that it gives them access to European and Asian markets.

Eligibility:

Applicant must be at least 18 years old
Applicant must have never stayed illegally in Turkey
Must not a criminal investigation going on
Applicant must pay the taxes and costs for the process
No nationality is officially restricted to apply

Investment Options to obtain Citizenship:

Real Estate investment for a minimum of $400,000 in real estate in Turkey
Capital investment of $500,000 in bank deposit, government bonds, or funds for 3 years commitment
Creation of Jobs: Another route to getting Turkish nationality by investment is by creating jobs for at least 50 Turkish people. So, start your own company and outsource some of the labour in exchange for citizenship

Benefits of Turkish Citizenship:

Pathway to the US E2 Investment Visa
You do not have to live in Turkey to acquire citizenship
No language requirement
Dual citizenship is allowed in Turkey
Right to Live, Work, and Study in Turkey
No tax on global income or inheritance
All legal actions may be pursued by legal representatives, as long as POA is clearly and explicitly drafted
Not required to declare current assets/Income in any other country
After holding your investment for 3 years, you can cash out your investment
Passport Rank 41st. Low crime & high quality of life
Turkish passport in as little as 6 months
Visa Free access to over 100+ Countries including Caribbean Countries
Eligible Dependents: Spouse and children under 18 year’s age. Dependents over 18 may only obtain Turkish citizenship if they have a disability or require care

FAQ:

How much do I need to invest to get Turkish citizenship?

The minimum investment amount to get a Turkish passport by investment is $400,000 through real estate purchases. For other investment routes, the amounts start from $500,000.

Can I get Turkish citizenship by buying a house?

Yes, you can become a Turkish citizen by buying a house. In fact, it’s one of the most popular routes under the Turkey citizenship by investment scheme. The requirement is that the property’s worth is a minimum of $400,000.

Is getting Turkish citizenship easy?

If done correctly, getting Turkey investment citizenship is very easy. The process is simple and straightforward. As long as you have the right documents and make the qualifying investment, you can expect to become a citizen in three to four months. Getting professional help will make the process easier.

Do I have to speak Turkish if I get citizenship through investment?

No, you don’t. Unlike many other programs, no prior knowledge of Turkish is required to get citizenship through investment.

What are the stay requirements?

There is no stay requirement which means that you can travel out of the country and come back without any restrictions.

Can I include my family in my application?

Yes, you can. Your spouse and children under 18 can be added as your dependents.

Can I sell the house after a while?

You’ll need to keep the house for a minimum of three years. After this period is over, you can sell your house in Turkey.

How many days out of the year would I be required to reside in Turkey?

You would not be required to stay in Turkey for a minimum amount of days throughout the year.

Would I be required to declare my wealth to the Turkish authorities?

No. The Turkish tax authorities will not ask you any questions about your financial status, or existing assets.

Would I be allowed to hold onto my original citizenship if I become a Turkish citizen?

Yes. In fact, the Turkish government have no restrictions on the number of citizenships held by an applicant.

Will my Turkish citizenship expire at any time in the future?

No. Once you have held onto your investment for the minimum period of 3 years, you will become a Turkish citizen for life, as will your spouse and children

Which nationalities may apply for a Turkish passport?

All foreigners who are allowed to buy property in Turkey by Turkish law may. All may apply for Turkish citizenship by investment.

Phone: (+971) 4 453 9090

Fax: (+971) 4 453 919

Office no. 2906, Prism Tower, Business Bay, Dubai- U.A.E.