Living in Turkey is about enjoying stunning scenery, surrounded by the stunning sea, eating delicious meals, and being greeted by warm neighbors. Turkish residents live a lively and full lifestyle contrasted to those of other countries.
Furthermore, Turkey is a country that is of major geostrategic significance due to its location at the border between Europe as well as Asia.
With all the positives that it has to offer who wouldn’t want to make a home in an Eurasian country? In addition, with the most recent citizenship programs that allow for the entry into Turkey is no longer an obstacle. Most importantly, the opportunities for business that for expats are awe-inspiring, as well as investing Turkey can be profitable.
Turkey citizenship through investment gained a lot of attention after the residency programs of Spain, Portugal and Greece have achieved huge success. The most important reason why foreigners seek an Turkey investor visa the fact that Turkey is a country that gives the access they need the European as well as Asian markets.
This was an overview description of what the programme. Are you aware of advantages of acquiring Turkish citizenship are? Furthermore, are you qualified to apply for the Turkey visa for investment? If not, what else can you do to meet the requirements of the criteria?
Explore Turkey Golden Visa
Minimum Investment Amount: EUR400,000
Processing Time: 3 to 4 months
The Benefits is the free movement benefit in Turkey and
Many countries in the region
Short Summary of Citizenship through investment in Turkey
The citizenship of Turkey through investment was announced in the year 2016. In January of 2017, the Turkish government announced the program to encourage foreign direct investment and to improve the real estate industry. In this program, investors have the option of deciding what methods they would like to contribute to and strengthen the Turkish economy.
When the citizenship by investment program was announced in the year 2000, the government stated the cost of entry to be at minimum $1 million. This did not draw many investors. After realizing that the price that was set was a bit excessive and that it was not enough, the Turkish government lowered the amount required to $250,000 by mid-2019.
Today, Turkey earns about $250 millions each month from its foreign investors only. But, since the number of people who want to obtain Turkish citizenship is growing the cost of citizenship is increased by $250,000 up to $400,000.
Benefits of Turkey citizenship by investment
It is possible that you are unaware that there are numerous advantages of Turkish citizenship through investment programs. A few of the most fascinating benefits are listed below.
Working, living, and learning in Turkey without cost
An easy and quick path towards citizenship
Reunification of families
Easy Schengen visa
Access to E2 Visa
Dual citizenship
Investment that is profitable
Visa Free Travel
Work, live, and study in Turkey
The Turkish passport grants your family and you the possibility to reside, work and even learn in Turkey. You can, for instance, earn income from the property you own or even rent the property out. Additionally, if you’re planning to relocate with your family, you could take the burden off of the education of your children. Because the visa is available to all family members as well as the children, both are able to access the educational system as well as the Turkish standard of living.
The Quick Path to Citizenship
Turkey citizenship through investing is the fastest route to obtain Turkish citizenship. If you make a $400,000 investment in real estate, you will be eligible to obtain your Turkish passport within less than 4 months after when you submit your application.
Family Reunification
The people who apply to apply for Turkey investment citizenship are able to bring their spouses or children (dependent under 18) and their responsible parents with them. In addition, all members have access to free healthcare services similar to those of the local Turkish citizens.
Easy Schengen Visa
Turkey citizens can apply for applicants for a Schengen visa with no hassle in the event that they have the proper documents. Additionally, there are many other countries that have bilateral agreements with Turkey that permit visa-free travel. This includes Hong Kong, Singapore, Japan, Mexico, South Korea and nearly all of Latin America.
The E2 is in the US
Citizenship in Turkey is an excellent option for those who aren’t able to apply for an E2 Visa through their original citizenship, like India as well as China (mainland). E2 Visa application is available to residents of countries which have trade agreements that are in agreement with US. Turkey is a candidate, and it is easy to apply to get an E-2 investor visa using the use of your Turkish citizenship.
No residency or language requirements.
There isn’t a set period for someone to reside in Turkey prior to or after the citizenship through investment in Turkey process has been completed. In addition, you’re able for travel even though you do not speak Turkish. Turkish language.
Dual Citizenship Rights
Turkey permits dual citizenship, which means you don’t need to surrender your citizenship to obtain the Turkish passport. This is an enormous benefit for investors with obligations 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 provides a variety of investment options that look promising.
Visa Free Travel
If you get the Turkish passport, you are able to travel to more than 110 countries without needing an visa, a visa upon arrival, as well as 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 for Indians
For Indian investors seeking new opportunities in business The citizenship by investment program is gaining popularity. Because of the ease of doing business the immigration process from Turkey via India is becoming more popular with Indian businesspeople.
Turkish citizenship is also an attractive choice for Indian investors due to the fact that Turkey is an active member of NATO as well as the UN and the World Bank, and the IMF.
Migration to Turkey from Pakistan
For many foreigners, being within Turkey is the fulfillment of their dreams due to its warm climate, cultural variety, delicious food stunning natural surroundings and a rich history. Because of these advantages and the close ties between the two countries, Pakistani migration to Turkey is also a popular choice.
Immigrating through investment of Pakistan into Turkey can be the sought-after option. Because of the many advantages Turkey offers to Pakistani families, such as its excellent free education institutions and an efficient healthcare system that is reliable, Turkish citizenship for Pakistanis based on investment is highly sought-after.
Eligibility to Turkey Citizenship through Investment
To be eligible to be eligible for Turkey citizenship through investment The applicant must:
Must be at minimum 18 years old
It is unlikely that you stayed illegally in Turkey
You must pay taxes and expenses for the procedure
The Documents Required to apply for Turkish Golden Visa
Birth certificates of all applicants
Passports of every applicant
Residence Evidence (Recent Utility Statement)
Photos of passports, biometrics and colored photos of every applicant
Certificate of marriage (optional)
Certificate of death or divorce of the spouse (optional)
Evidence that all applicants have an unblemished criminal record
Evidence of Health Insurance (valid for Turkey)
A proof of an investment of $400,000 in an account in a Turkish savings account, or a lawyer’s client account
Turkish Tax ID number (necessary)
Note: You are able to add the spouse of your choice, children under 18 years old, as well as children of any age who have disabilities.
Turkey Citizenship through Investment Routes
To be eligible for citizenship through investing in Turkey There are a variety of ways to invest, for instance:
Real estate acquisition
Employment creation
Capital Transfer
Investment Options
When it comes to investment There are three options to obtain an Turkish passport through investing.
1. Real Estate
There are a variety of opportunities for investing in real property. A person must invest $400,000 in real property in Turkey regardless of the type of property you wish to buy. You can purchase an apartment, villa, or even land.
In addition, there is no requirement to obtain a pre-approval before purchasing a property since the property isn’t typically overvalued.
It is also possible to purchase multiple properties that’s total is less than the minimum $400,000 amount. But they must be situated within the same area.
Don’t forget to register your property on the day you buy them. The buyer must hold the property for a minimum of three years.
Note: Prices for property at the most expensive areas average $5,500 per square meters.
2. Employment Creation
Another way to obtain Turkish citizenship through investment is to create jobs for 50 or more Turkish individuals. Therefore, you can start your own business and outsource some work to gain citizenship. Because establishing and running a country is not without cost and a lot of work, it is advisable to seek legal advice.
So, if you want to discover the business world of Turkey employ locals to run an international business that is legitimate.
3. Capital Transfer
Foreign investors who are not inclined to invest in real estate or navigate the business world are able to invest in capital. The minimum amount of capital investment required for Turkey citizenship has been in place at $500,000.
What can do with this sum?
Make it depositable in the account of a Turkish bank
Contribute to the government bond
Invest in funds shares.
Be sure to keep the money for three years.
One of the major advantages of Turkey citizenship investing through the capital transfer method is that you don’t have to put the money to be deposited in Turkish money, Lira. In reality, it’s recommended that you invest in an exchange rate that is stable, such as the Euro.
Note as an investor from abroad one of the things that is the most sensible choice is investing into real estate. Not just because it is less expensive to invest in however, its value is predicted to increase in the coming years. Additionally, you can either rent or sell it.
Turkish Golden Visa: Residency Requirements
The positive side is that there aren’t requirements to be a resident for Turkey citizenship through investment programs.
You can apply online and then visit Turkey to look at the properties, or any other type of investment you’ve chosen.
Certificate of Eligibility to Turkey Golden Visa
Based on the kind of investment you intend to make You must submit an application for one of the following organizations to obtain an Eligibility Certificate for investments in Turkey:
Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization – Real real estate route
Incentive Application, Foreign Capital and the Turkish Ministry of Industry and Technology – Capital Investment Route
Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency Deposit into an account of a Turkish bank account
Turkish Ministry of Treasury and Finance – investment in the government bonds
Department of the Brokerage Activities of the Capital Markets Board of Turkey Real estate investment fund share or the share of a venture capital investment fund
General Directorate of International Labor of the Ministry of Family, Labor and Social Services – Business established
Turkey Citizenship Scheme Application Timeline
I hope that the readers are now convinced to apply for an Turkish passport. It’s now time to learn the steps to take for applying.
After you’ve decided on the method you’d like to invest in Turkey You will be required to submit an application for a residency permit. The entire process can take between three and four months. The best part is the fact that there’s no have to be physically present within the country to take part in an interview or for document purposes.
The next step can be a bit tedious. You’ll need to complete a large amount of documents! Notary certificates, official translations (if needed) and so on. The process is sure to take up a significant amount hours.
It’s a good idea if you employ a professional who is certified to help you speed up the process.
In addition, the process is remarkably similar regardless of regardless of whether you choose to go with jobs, real estate, or capital investment route. The steps are as follows.
Step-by-Step Guide for Real Estate Route
Step 1: Contact the Get Golden Visa Team and obtain new Turkish Tax ID numbers.
If you don’t have a tax identification number, the law won’t permit you to continue and purchase a home. Once you’ve got the tax ID, you can open an account with a bank in the country. Our knowledgeable team will help you through the procedure.
Step 2: Conduct a thorough research and find the property you wish to purchase.
This is the stage where you begin all the documents.
Step 3: Collect documents
To invest into real estate you will need to obtain a certificate of eligibility. This is issued only when you are eligible for Turkey citizenship through the investment program. To do this, you need to apply for the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
Step 4: Apply for your residence permits
The applicant must be a resident of the country legally before beginning the application process. So, you must obtain your residence permit when you have made the investment to purchase the Turkish passport. The permit will be issued on the next day that you submit your application. It’s no wonder that this is the fastest process for obtaining residency in the globe.
5. Submit your document
Finally, once all the paperwork is completed and checked by the professional hired and you are now at the last stepof submitting your documents (all applications and documents) at the Provincial Directorate of Census and Citizenship.
These steps can be completed within 24 hours! First of all, you don’t have to be present in the country for this. Furthermore, even if have access to Turkey it is possible to finish your paperwork during the day, then drop off the documents, and then get back to your home with the title deed.
It’s time to celebrate: Your passport will be issued within the next three to four months after submitting!
Our experts will assist you with your Turkey citizenship through investment process.
Low Due Diligence
The Turkish real estate due diligence report is an all-inclusive report that contains information regarding the legal status of the property. It informs you whether it’s involved in any lawsuits or debts, and can be bought with confidence.
If you’re purchasing a property in Turkey, the agent for real estate will visit the Land Registry to verify and verify your registration numbers. Additionally, details related to leasing and other obligations for the property will be checked.
Furthermore the real estate agent will perform due diligence to determine if the property’s plan is permitted by the local municipal regulations. The expert will also check permits for construction issued by local authorities.
Tax consequences of citizenship in Turkey
Turkey does not impose taxes on income you receiving from overseas. In addition, you’re not required to pay taxes in Turkey even if you don’t stay more than six month. But, you must pay taxes on the income earned within the country.
For example, if you have rented your home and you have to pay taxes. Taxes on property are paid in two installments each year.
The tax rate for the year is 0.2 percent for houses and apartments. houses that are located in a metropolitan area such as Istanbul.
In the event that you have a home that is worth 150,000TL, the owner is required to pay an annual total of 3,000TL. The first installment is due in May, and the next installment in November.
If you’re selling your property it is required to pay the tax accumulated from all previous years prior to making the transfer of the deed.
Personal income tax is taxed at a maximum of 35% of income that is greater than 110,000 TL.
If you’re considering obtaining citizenship in Turkey It is recommended to speak with an Turkish tax expert to find out details about Turkey’s tax system.
Purchase of Property in Turkey
Turkey isn’t just one of the most sought-after countries for second citizenship however, it also has a extremely appealing real estate market that has an excellent rate of return. The variety of choices for affordable and luxury new construction and off-plan apartments, as well as renovated ones and villas, as well as resales of properties in Turkey is among the primary factors that drive foreigners’ desire to purchase property there.
Property prices in Turkey
Turkish real estate is an investment that is profitable. In Istanbul the value of real estate is doubled every five to 10 years. Prices for homes in Turkey typically increase by 5 to 20 percent annually.
Based on September 2022 data:
The median price for homes for residential use in Istanbul is $130,000.
The median price for homes for residential use in Ankara is $78,000.
The median price for homes for residential use located in Antalya is $113,000
Our real estate experts on Get Golden Visa can help you locate the ideal property based on your requirements and guide you through the process of locating the most suitable property and citizenship application.
Dual Citizenship Turkey
Turkey permits dual and multiple citizenships. No citizenship has been officially restricted.
Investors who apply for Turkey citizenship through investment do not have to give up their citizenship in their country of origin to obtain Turkish citizenship. This is a major benefit for those who want to remain and work in their home country.
Foreign citizens, however, are exempt from certain Turkish services, such as the military service that is mandatory.
Be aware that before you apply for Turkish citizenship, make sure your country of citizenship does not hinder you from obtaining Turkish citizenship.
Turkish Passport Visa Free Countries
Turkey citizenship offers many benefits among them is the ability to travel to a variety of countries visa-free or with a visa-on-arrival. People who have the Turkish passport are able to travel to almost 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’re allowed to travel to 72 countries with no visa requirement and 35 countries that have visas that you obtain upon arrival as well as three countries that have the electronic travel authority (eTA) which you can obtain on the internet.
There are three methods to travel into countries where Turkish passports are not required to obtain visas. The three options are listed below.
Visa-free entry: There’s no requirement for an entry visa.
Visa upon arrival: You get the visa upon arrival in the country, rather than making an application for it prior to your arrival. Only travelers can apply to apply for this type of visa.
eTA: 3 to 5 days before 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 investments There are many other ways to become a citizen like:
Through marriage: If you’re married to an Turkey citizens, then you may become a citizen within three years
Birthright By birth: If you have parents whose name are Turkish You may be eligible to be eligible for Turkish citizenship.
Through employment By employment: If you’ve worked within the nation for five years on an employment contract, you may be considered to become a citizen.
Through naturalization: Once you have lived in Turkey for five years, you are eligible to apply for Turkey citizenship.
Special merit: If you are awe-inspiring in sports, science, or in the arts, you could be given Turkish citizenship
Options to Turkey Citizenship through Investment
In addition to the Turkey citizenship through investment, many other European countries have also launched their own citizenship programs. In fact, they are attracted by a lot of investors. These countries have benefited more than ever before, and foreigners have the privilege of living an global life.
Commonly Asked Questions Concerning Turkish Passport for Investment
What is the minimum amount I’ll need to put into acquiring Turkish citizenship?
The minimum amount of investment required to obtain an Turkish passport through investment is $400,000. This is the amount you invest by way of real estate purchase. Up to 2022, this sum was $250,000.
If you choose to invest in other ways The amounts start at $500,000. After you have made the qualified investment, you can anticipate obtaining your citizenship within three to four months.
Do I have the possibility of obtaining Turkish citizenship through the purchase of an apartment?
Yes, you can be an Turkish citizen by purchasing an apartment. It’s actually one of the most sought-after ways to obtain Turkey citizenship through investment scheme. The condition is that the value of the property is at least $400,00. Additionally, you’ll have to obtain a proof of eligibility from the appropriate authorities.
Does Turkey offer citizenship?
Turkey offers citizenship in exchange in exchange for investment, just as the majority of Golden Visa nations do. This is a form of citizenship through investing. Investors who are eligible can select the investment option they prefer and begin the process. Turkey investor citizenship is completed within less than six months.
Are you able to obtain Turkish citizenship simple?
If you follow the correct procedure, obtaining Turkey investment citizenship is simple. The process is easy and easy. If you’ve got the proper documents and have made the required investment and you are able to be a citizen within about three or four months. A professional’s help can simplify the process.
Can a foreigner be a Turkish citizen?
Foreign citizens are able to be Turkish citizens. Turkey permits dual citizenship, but you’ll need to inquire with your home country to determine if they allow dual citizenship. Citizenship is granted through the Turkey investor citizenship or naturalization.
Does the Turkish passport reliable?
Turkish passport is regarded as strong because it permits visa-free entry to more than 110 countries. With the Turkish passport, you are able to travel to many Asian countries without requiring visas. This includes Thailand, South Korea, Japan as well as the Philippines. Additionally, many South American countries, like Argentina as well as Venezuela allow Turkish passport holders with no visa.
Are there any Turkey residency through investment scheme?
Turkey does not have a separate residency-by-investment program. You can apply directly to the citizenship program to obtain your citizenship in Turkey, which is automatically translated into residency.
Do I need to be fluent in Turkish when I obtain citizenship through an investment?
You don’t. In contrast to other programs, no prior understanding of Turkish is needed to obtain the citizenship of an investor through investment.
What are the requirements for staying?
There is no requirement for a stay meaning that you are able to leave the country and return without restrictions.
Do I have to include my family members in my application?
Yes, you can. Your spouse and children who are under 18 may be considered your dependents.
Do I have the option of selling the house in the future?
The homeowner must keep the property for at least three years. When this time is up then you are able to sell your home in Turkey.
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