Living in Turkey means that you can enjoy splendid scenery, surrounding yourself by the stunning sea, eating delicious food, and being welcomed by friendly neighbors. Turkish people live a vibrant and rich life style in comparison to residents of other countries.
Furthermore, Turkey is a country of great geostrategic significance because it is in the middle to Europe in addition to Asia.
With all the positives that it has to offer who wouldn’t want to settle down in a Eurasian country? Also, with the latest citizenship programs, entering Turkey is no longer an obstacle. In addition, the business opportunities an expat can avail here are simply amazing while investing into Turkey is profitable.
Turkey citizenship through investment was popularized after residency programs of Spain, Portugal and Greece have achieved huge success. Also, the most significant reason foreigners want to get an Turkey investment visa is the fact that Turkey is that it gives them access the European and Asian markets.
It was a little brief on the subject. Are you aware of advantages of acquiring Turkish citizenship are? Moreover, are you even qualified to be eligible for the Turkey investment visa program? If not what else could you do to satisfy all the requirements?
Explore Turkey Golden Visa
Minimum Investment Amount: EUR400,000
Processing Time: Three to four months
The Key Benefit: Free movement benefit in Turkey and
many countries in the region
A Brief Description of the Citizenship by investment in Turkey
Turkey’s citizenship by investment was announced in the year 2016. Then, in January 2017, the Turkish government launched the program to stimulate foreign direct investment and improve its real estate sector. Under this program, the investors have the option of deciding on the various means they’d like to contribute to and strengthen the Turkish economy.
When Turkey’s citizenship by investment program was launched in 2004, the government estimated the entry cost to be at minimum $1 million. Consequently, this did not attract many investors. Realizing that the sum set is a little unreasonable and that it was not enough, the Turkish government lowered the amount required to $250,000 in mid-2019.
Today, Turkey earns approximately $250 million each month from its foreign investors. However, as the number of foreigners who are seeking to be granted Turkish citizenship is increasing the cost of citizenship has been increased by $250,000 up to $400,000.
Benefits of the Turkish Citizenship by Investment
It is possible that you are unaware that there are numerous advantages to Turkish citizenship through the investment program. The most interesting advantages are listed below.
Living, working, and studying in Turkey in a free manner
A quick and easy path to citizenship
Reunification of families
Easy Schengen visa
Access to E2 Visa
Dual citizenship
Profitable investment
Visa Free Travel
Work, Live, and learn in Turkey
The Turkish passport gives your family and you the ability to work, live as well as take classes in Turkey. You can, for instance, make money from your real estate property, or perhaps by renting it out. Furthermore, if contemplating moving with your family members, you will be able to take the burden off of the education of your children. Since the visa is granted to the whole family which means that you and your kids can benefit from the educational system and also enjoy the Turkish life style that is high-end.
A Quick Way to Citizenship
Turkey citizenship by investing in real estate is the most efficient route to obtain Turkish citizenship. After you invest $400,000 in real estate, you will be entitled to receive your Turkish passport within less than four months from filing the application.
Family Reunification
The applicants who are seeking Turkey investment citizenship are able to bring their spouse, children (dependent under 18) and responsible parents along with them. Additionally, the entire group can access free healthcare facilities similar to the local Turkish citizens.
Easy Schengen Visa
Turkey citizenship holders can easily apply for a Schengen visa without much trouble, as long as they can provide sufficient documents. Additionally, there are many other countries with bilateral agreements with the country to permit visa-free travel. They include Hong Kong, Singapore, Japan, Mexico, South Korea and almost all Latin America.
Electronic 2 in the US
Being able to become a citizen of Turkey is an ideal opportunity for those who aren’t able to apply for E2 Visa through their original citizenship, such as India and China (mainland). E2 Visa applications are available to those who reside in countries that have trade treaties that are in agreement with US. Turkey residents are eligible, and it is easy to apply for an E-2 investor visa through the use of your Turkish citizenship.
No Residency or Language Requirements
There isn’t a set time frame for an individual to reside in Turkey prior to or following the citizenship through investment in Turkey route has been completed. Furthermore, you’re eligible in the event that don’t know Turkish. Turkish language.
Dual Citizenship Rights
Turkey has dual citizenship that means that you don’t have to give up on your citizenship to obtain a Turkish passport. This is a huge advantage to investors who have commitments 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 offers different ways to invest that look promising.
Visa Free Travel
Once you have you have a Turkish passport, you can travel to around 110 countries without the need of the visa required, a visa on arrival, or even 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 investment options that look promising.
Turkish citizenship is for Indians
For Indian investors looking to expand their business opportunities The citizenship by investment program is becoming more popular. Because of the ease of doing business and the ease of obtaining citizenship to Turkey via India is growing in popularity with Indian business people.
Turkish citizenship is a good option for Indian investors due to the fact that Turkey is a member of NATO along with the UN and the World Bank, and the IMF.
Migration to Turkey From Pakistan
For many foreigners living within Turkey is the fulfillment of their dreams because of its beautiful climate, cultural variety, delicious food and stunning natural surroundings and its rich and varied history. Because of these advantages and the close relations between the two countries, Pakistani migration to Turkey has also been popular.
The immigration based on investment through Pakistan in Turkey is the most popular option. Because of Turkey’s numerous benefits in the case of Pakistani families, including its top-notch free educational institutions and the reliable health system Turkish citizenship for Pakistanis through investing is in high demand.
Eligibility for Turkey Citizenship by Investment
To be eligible for Turkey citizenship through investment, the main applicant:
You must be at minimum 18 years old
Never stayed in a shady place in Turkey
Pay the taxes and expenses for the process
Requirements Documents for Turkish Golden Visa
Birth certificates of all the applicants
Passports of each applicant
Residence Documentation (Recent utility statement)
Colored passport photos, biometrics of every applicant
Marriage certificate (optional)
Death or divorce certificate of spouse (optional)
Evidence that all applicants have clear criminal records
Documentation of Health Insurance (valid for Turkey)
The proof of investing $400,000 into an Turkish bank account or lawyer’s account
Turkish Tax ID # (necessary)
Note: You can add the spouse of your choice, children below the age of 18, and any children with disabilities.
Turkey Citizenship through Investment Routes
To apply for citizenship by investment in Turkey, there are certain investment avenues, like:
Real estate acquisition
Employment creation
Capital Transfer
Investment Options
For investment, there are three ways that foreigners can get an Turkish passport via investing.
1. Real Estate
There are plentiful possibilities of investing into real estate. A person must invest $400,000 in real property in Turkey depending on the kind of property that you’d like to purchase. You can buy the villa, apartment or land.
In addition, there is no requirement for a pre-approval before purchasing a property since the estate is not typically overvalued.
Notice: You are able to purchase multiple properties that’s total exceeds the minimum $400,000 threshold. However it is essential that they are located within the same area.
Also, do not forget to get your properties registered the same day that you purchase them. The purchaser is required to keep the property for at least three years.
Notice: Property prices in the most expensive areas are around $5,500 per square millimeter.
2. Job Creation
Another way to obtain Turkish citizenship through investment is by creating jobs for at least 50 Turkish people. So, start your own company and outsource some tasks to gain citizenship. Because establishing and running a country comes at a cost so it’s advisable to take some legal assistance.
Therefore, if you wish to discover the business world of Turkey employ locals to run an authentic international business.
3. Capital Transfer
Foreign investors who are not keen to invest in real estate or navigate the business world are able to invest in capital. The minimum capital investment amount to make a Turkey citizenship investment has been established at $500,000.
What else can be done with this amount?
Transfer it to the account of a Turkish bank
Contribute to the government bond
Invest in fund shares.
You should ensure that you keep the investment for three years.
One of the major advantages of Turkey citizenship investing through the capital transfer method is that you do not require a deposit the amount in Turkish money, Lira. In fact, it is recommended that you invest in one that is stable like the Euro.
Note When you are an international investor it is important to note that the investment that is most beneficial is investing of real property. It’s not just because it is less expensive to invest in, but also because the value of real estate is likely to rise in later years. Furthermore, you are able to rent or sell it.
Turkish Golden Visa: Residency Requirements
The best part is that there are no residency requirements for Turkey citizenship through investment programs.
You can submit your application online and then visit Turkey to inspect the properties or the investment mode you have chosen.
Certificate of Eligibility to Turkey Golden Visa
Based on the type of investment that you plan to make, you must apply to one of these organizations to obtain an Eligibility Certificate for investment in Turkey:
Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization – Real estate route
Incentive Application for Foreign Capital as well as Foreign Capital from the Turkish Ministry of Industry and Technology Capital Investment Route
Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency Deposit into the 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 shares of venture capital investment funds.
General Directorate of International Labor of the Ministry of Family, Labor and Social Services – Company establishment
Turkey Citizenship Scheme Application Timeline
We hope that readers are now convinced to apply for a Turkish passport. It’s now time to learn the procedure to follow to apply.
Once you’ve chosen the way you’d like to invest your money in Turkey then you’ll be required to fill out the residency permit application. The whole process typically takes approximately three to four months. The good thing is you do not need to be physically in the country for an interview or for document purposes.
The next step is a little painstaking. You’ll need to complete lots of paperwork! Notary certificates, official translations (if required) and more. The process is sure to take up a significant amount of your time.
This is why it’s recommended that you engage a professional with certification to help you speed up the process.
Additionally, the process is hugely similar no matter if you go for jobs, real estate, or capital investment. The steps are as follows.
Step-by-Step Guide for Real Estate Route
Step 1: Speak to the Get Golden Visa Team and obtain new Turkish Tax ID numbers.
If you don’t have a tax identification number the legal system can’t allow you to move forward and purchase a home. Once you have the tax number, you are able to open a bank account in the country. Our experienced team will guide you through the steps.
Step 2: Conduct a thorough research and determine the property you’d like to purchase.
This is the first step in which you’ll start all the documents.
Step 3: Collect documents
In order to invest in real estate, it is necessary to receive a certificate of eligibility, and that is issued only when you qualify for Turkey citizenship by investment program. For this, you must apply to the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
Step 4: Apply for your residence permits
One must be a resident of the country legally before beginning the application process. Therefore get your residence permit once you’ve made your purchase for the Turkish passport. It will be issued on the very same day you file the application. That’s why this is considered to be the fastest process for obtaining residency in the globe.
Fifth Step: Submit your paperwork
Lastly, after all your paperwork is done as checked by the expert hired by you Then, you’re ready to take the final stage of submitting your paperwork (all required documents and forms for application) to the Provincial Directorate of Census and Citizenship.
These steps can be accomplished in a span of 24 hours! The first thing to note is that you don’t need to be in the country for this. Furthermore, even if are available in Turkey, you can finish it during the day, drop off the papers, and come back home with the title deed.
Celebrate! You’ll get your passports within the next three to four months of applying!
Our team of experts will help you navigate your Turkey citizenship by investment.
Low Due Diligence
The Turkish real estate due diligence report is a complete report containing information regarding the legal status of the property. It will let you know if it is involved in any lawsuits or in any other debts. It also indicates if it is safe to purchase.
If you’re buying a home in Turkey, the real estate agent will go to the Land Registry to verify and examine that the number of registration is correct. Also, any details related to leasing and other obligations associated with the property are checked.
In addition the real estate firm undertakes due diligence to verify whether the plan for the property is permissible according to the local municipality. The specialist will also verify the construction permits issued by local authorities.
Tax Consequences of Citizenship in Turkey
Turkey doesn’t have any tax on the earnings you earning from abroad. Additionally, you’re not liable to pay taxes in Turkey when you do not remain there for more that six months. However, you need to be taxed on your earnings earned in the country.
If, for instance, you have rented out your house then you must pay taxes. Taxes for property are payable in two installments a year.
The tax rate for the year is 0.2 percent for houses and apartments. houses located within a metropolitan city such as Istanbul.
If you own a property that is worth 150,000TL, the owner is responsible for paying an annual total of 3,000TL. First installment due May, and the next installment in November.
Furthermore, if you’re selling a home, you’re supposed to pay the accumulated tax of all the previous years before the transfer of the deed.
Personal income tax is calculated at up to 35% on earnings that exceed TL110,000.
If you’re looking to obtain citizenship of Turkey it’s a good idea to contact a Turkish tax specialist to learn more about the tax system.
Purchase of Property in Turkey
Turkey isn’t just one of the most sought-after countries for second citizenship but it also has very appealing real estate market with high rates of return. The wide range of options for luxury and affordable, new construction off-plan, renovated, and renovated apartments and villas as well as resales houses in Turkey is one of the main factors driving the interest of foreigners to buy properties there.
Prices for Property in Turkey
Turkish real estate could be an excellent investment. In Istanbul the value of real estate doubles every five to ten years. Prices for homes in Turkey typically increase by 5 to 20 percent per year.
According to September 2022 Data:
The average cost for houses for sale in Istanbul is $130,000
The average cost for residential properties in Ankara is $78,000.
The price of homes for residential use located in Antalya is $113,000
Our professional real estate consultants from Get Golden Visa can help you locate the ideal property based on your requirements and guide you through the procedure of finding the right property and citizenship application.
Dual Citizenship Turkey
Turkey permits dual as well as multiple citizenships, and no restriction on citizenship has been made officially.
Investors seeking Turkey citizenship through investment do not have to renounce their old citizenship in their country of origin to obtain Turkish citizenship. This provides a huge advantage to people who wish to work and stay in their homeland.
However, foreign citizens will be exempted from certain Turkish services such as military service that is mandatory.
Be aware that before you apply for Turkish citizenship, make sure your country of citizenship doesn’t limit your ability to obtain Turkish citizenship.
Turkish Passport Visa Free Countries
Turkey citizens enjoy a lot of benefits including the ability to travel to numerous countries visa-free or visa-on-arrival. Individuals with a Turkish passport can travel to nearly 110 countries around the globe. Some of these countries include 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 the Turkish passport, you are eligible to enter 72 countries with no visa requirement or 35 countries with a visa that you can obtain upon arrival as well as three countries that have electronically issued travel permits (eTA) that you may obtain online.
There are three ways to get into countries in which Turkish passports are not required to obtain a visa. The options are listed below.
Visa-free entry: There’s absolutely no need to obtain the visa.
Visa on arrival: You are issued the visa upon arrival in the country rather than seeking one prior to arrival. Only travellers are eligible to receive this kind of visa.
eTA: Three to five days prior to departure you may pay a fee to obtain an electronic visa on the internet.
Another Method to Get Turkish Citizenship
In addition to obtaining Turkey citizenship through investment Other routes to becoming a citizen, like:
Through marriage: If you’re married to the spouse of a Turkey citizens, then you could become a citizen after three years.
By birth In the event that one of your parents is Turkish You may be eligible to be eligible for Turkish citizenship, as well
Employment In the case of employment, if you’ve been employed within the nation for five years under an employment contract, you may be eligible for citizenship
Through naturalization: After you’ve lived in Turkey for five years, you are eligible for Turkey citizenship.
Particularly if you have outstanding achievements in the fields of science, sports or in the arts, you could be granted Turkish citizenship
Solutions to Turkey Citizenship by Investment
Apart from the Turkey citizenship through an investment program, many other European nations have launched their respective citizenship programs. Indeed, these are popular with investors. These nations have been boosted as never before, and foreign citizens enjoy an international life.
Many Frequently Asked Questions Concerning Turkish Passport by Investment
How much do I need to invest in order to obtain Turkish citizenship?
The minimum investment required to obtain an Turkish passport for investment is $400,000. This is the amount you invest via real estate transactions. Up to 2022, this sum was $250,000.
For other investment routes The amounts start at $500,000. If you are able to make the qualified investment, you can expect to obtain your citizenship within three to four months.
Can I obtain Turkish citizenship through the purchase of an apartment?
Yes, you can become an Turkish citizen through the purchase of an apartment. In fact, it’s one of the most sought-after routes under the Turkey citizenship by investment scheme. The requirement is that the value of the property be the minimum of $400,00. Also, you’ll need to receive a certification of eligibility from the relevant authorities.
Does Turkey sell its citizenship?
Turkey provides citizenship in exchange for investment, just as the majority of Golden Visa Countries do. Therefore, it is considered citizenship by investment. Investors who are eligible can select their preferred investment method and start the process. Turkey investor citizenship is a process that can be completed within less than six weeks.
Is getting Turkish citizenship simple?
If done correctly, obtaining Turkey investment citizenship can be very simple. It is straightforward and simple. If you’ve got all the necessary documents and the required investment it is possible to be a citizen within about three or four months. Getting professional help will make the process easier.
Is it possible for a foreigner to become a Turkish citizen?
Yes, foreign citizens can be Turkish citizens. Turkey allows dual citizenship but you’ll need to check with your home country to check if it permits dual citizenship. Citizenship is granted through the Turkey investor citizenship or naturalization.
Is a Turkish passport reliable?
Turkish passport is considered strong since it grants visa-free access to over 110 countries. With a Turkish passport, you’ll be able travel to many Asian countries without needing the visa. This includes Thailand, South Korea, Japan, and the Philippines. In addition, many south American countries, like Argentina as well as Venezuela are willing to accept Turkish passport holders without visa.
Are there any Turkey residency scheme through investment?
Turkey doesn’t have a separate residency program through investments. It is possible to directly apply for the citizenship program and receive your citizenship in Turkey, which will automatically translate into residency.
Do I have to speak Turkish if I get citizenship through an investment?
There’s no need to. Unlike many other programs, no prior knowledge of Turkish is required to acquire the citizenship of an investor through investment.
What are the stay requirements?
There is no need to stay so you can travel outside of the country and come back without restrictions.
Do I have to include my family in my application?
Yes, you can. Your spouse and any children under 18 may be included as your dependents.
Is it possible to sell the home after a few months?
It is necessary to maintain the property for a minimum period of three years. After this period is over then you are able to sell your home in Turkey.
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