Turkish Citizenship

Turkish Citizenship

Benefits of Turkish citizenship

Turkiye is known as a resort country with a mild Mediterranean climate, stunning nature, rich cuisine and hospitable people. But its benefits are not only in the weather and culture.

Investors become Turkish citizens in order to get the prospects of profitable investments, business development, purchase of liquid real estate, as well as the opportunity to obtain an E-2 business visa in the United States.

Travel without visas. Turkish citizens travel without visas to 110 countries, among them are Hong Kong and Singapore.

There is the opportunity to apply for an E-2 investor visa to the United States and move there with the whole family. Turkiye and the United States have signed an agreement on the issuance of this type of visa.

The E-2 visa is nonimmigrant and you cannot get a green card and apply for citizenship with it. It is valid for five years, after which it can be renewed for two years.

There is no minimum investment requirement for the E-2 visa. If you increase investment in the American economy to $800,000 or create ten jobs, you can get an EB-5 visa and a green card that opens the gate to citizenship.

Convenient conditions for becoming a Turkish citizen. Investors do not need to give up their current citizenship and do not take exams in the language or history of the country. Moreover, the investment program does not oblige the applicant to live in Turkiye in order to obtain or maintain the status.

Social guarantees. Turkish citizens get the opportunity to receive treatment in the country's clinics or study at universities for free. There are also no restrictions on the inheritance of real estate and assets.

Until recently, one of the advantages of Turkish citizenship was the opportunity to move the whole family to the UK on a business visa (Turkish Businessperson Visa) in one to two months. No investment was needed - capital transfer or opening of a business was enough. After moving to the Turkish Businessperson Visa, you could apply for permanent residence in the UK and citizenship of the country.

The Turkish Businessperson Visa program closed at the end of 2020. Its extension is currently being discussed.

Who can get Turkish citizenship by investment

A foreigner who has not been convicted, has not violated Turkish immigration laws and has fulfilled the conditions of the program can obtain Turkish citizenship.

Turkish citizenship is granted to the spouse of the investor and children.

Spouses' parents and adult children can get residence permits in Turkiye.

How to get a Turkish citizenship by investment

You can obtain Turkish citizenship within three to six months. Among foreigners, Turkish citizenship by investment is in demand. This is how up to half of all applicants receive a Turkish passport. Over the past two years, over 35 thousand people have received Turkish passports in this way. The applicant can choose any of six investment options.

• 1. Purchase of real estate worth $400,000. This is the easiest and most popular investment option when applying. You can buy any property: apartment, house, commercial /industrial premises and land. It is not necessary to buy one object, you can buy several apartments with a total cost.
• 2. A deposit in a bank. You can save money in any currency accepted by the Turkish bank. The average interest on deposits in Turkish lira in 2020 is from 6.75 to 15.5%, in dollars - from 0.9 to 1.5%.
• 3. Purchase of national securities: government bonds and bills, as well as shares of investment funds specializing in real estate or venture capital investments.
• 4. Purchase of government bonds with an obligation to preserve assets for three years.
• 5. Purchase of shares of investment funds, specializing in real estate or venture capital investments, with an obligation to preserve assets for three years.
• 6. Open a business with a capital or create at least 50 jobs.

Investments in Turkish citizenship are returnable. Three years after obtaining citizenship, you can sell the purchased papers or real estate or close the deposit. If you are lucky, the investment will be profitable.

To obtain a Turkiye passport, investors most often buy real estate for $400,000 or more. Other options require investments of $500,000 in securities, business or bank depositing. Registration of status takes 3 to 6 months. The investment can be returned in 3 years.

Here is where our expertise will be of use to you as we are experienced in Real Estate for over 5 years and are well versed with the documentation and the required procedures.

To get you the best possible deal is our ultimate goal

Read about other ways to obtain Turkish citizenship by the Turkish Government itself

https://www.invest.gov.tr/en/investmentguide/pages/acquiring-property-and-citizenship.aspx