Turkish citizenship by investment is one of the hottest topics in these days. Why is that? If you are looking for the answer to this topic, stay with us and keep reading about Turkish citizenship by investment.
Nowadays, the concept of multiple citizenship by investment is getting more and more popular among people. On the other hand, developing countries such as Turkey are making regulations to encourage international investment to get currency. The citizenship by investment is the best idea for both parties. Therefore, the acqusition of Turkish citizenship by investment is the one of curious topics that has been on the agenda in recent years.
In these article, we will clarify all the information you need to get Turkish citizenship by investment step by step.
1. THE FASTEST WAY to GET TURKISH CITIZENSHIP is BY INVESTMENT
Turkish citizenship by investment.is the fastest way to getting Turkish citizenship. If you want to acquire Turkish citizenship as a result of little expense and effort, on top of that, if you want to take advantage of the numerous benefits, Turkish citizenship by investment is for you.
Turkish citizenship by investment implemented in the cases numbered in article 12 of the Turkish Nationality Law is an exceptional way to acquire citizenship. In case of acquisition of Turkish citizenship by investment, the conditions listed in Article 11 that are general conditions are not sought.
2. HOW TO GET TURKISH CITIZENSHIP BY INVESTMENT in 2022?
Turkish citizenship by investment in 2022 is easier than in previous years due to a new regulation made in 2018. What you need to do is just a few steps.
Turkish citizenship can be acquired by make one of the specified investments stated in related regulations, collect the specified documents, make an application to the relevant authorities and finally by the decision of the President.
In addition to all these, the person applying for Turkish citizenship by investment does not create a danger to national security and public order. On the other hand the investment ways that can be applied should continue for at least three years.
3. CAN YOU BUY TURKISH CITIZENSHIP BY INVESTMENT?
Turkish Citizenship by ınvestment process has six different investment methods. With the regulation made in 2018, the amounts of these investment types were reduced. In the current regulation, you can acquire Turkish citizenship by making one of the following investments:
3.1. Making a fixed capital investment of at least 500,000 USD or equivalent in foreign currency or equivalent Turkish Lira.
3.2 Purchasing real estate worth at least 400.000 USD or its equivalent in foreign currency or Turkish Lira provided that an annotation is put in the land registry that it will not be sold for three years, or if the contract drawn up by the notary public that the sale of the real estate is promised, will not be transferred or cancelled for a period of 3 years.
3.3. Creating employment for at least 50 people,
3.4. Depositing at least 500,000 US Dollars or equivalent foreign currency or equivalent
Turkish Lira deposits to banks operating in Turkey provided that they are kept for three years.
3.5. Purchasing government debt instruments worth at least 500,000 US Dollars or equivalent in foreign currency or Turkish Lira for three years.
3.6. A foreign person who fulfills one of the conditions for purchasing an immovable investment fund participation share or venture capital investment fund participation share of at least 500,000 US Dollars or equivalent in foreign currency or equivalent Turkish Lira for at least three years, may apply to the relevant authorities to acquire Turkish citizenship. will be found.
4. TURKISH CITIZENSHIP by INVESTMENT REQUIREMENTS
4.1. Turkish Citizenship by Investment Documents:
There are some certain documents that you shall submit in order to acquire Turkish citizenship by investment.
These Turkish citizenship documents are as follows, The citizenship request form; Biometric photographs of the person; Residence certification; An official document describing the marital status; The document explains the identity information of the person and, if married, the document proving the family relations of the spouse and children; Identity registration copy of the foreign person’s relatives, if any, of Turkish citizens; Birth certificate; Service fee receipt; Immovable valuation report; Passport; Power of attorney (optional); Health insurance; Turkish tax ID number.
4.2. Required Documents for the Purchase of Real Estate:
The issue of getting Turkish citizenship by the purchase of real estate differs at some points. Apart from the documents described above, there are another documents that must be submitted.
These documents are: land register of the immovable property, real Estate Market Value Certificate of the real estate to be obtained from the relevant municipality, compulsory insurance policy, 1 photograph of the seller, translator for the party who does not speak Turkish, the original or certified copy of the power of attorney together with its translation, residence permit issued by the relevant police directorates.
5. TURKISH CITIZENSHIP BY INVESTMENT PROCESS
Turksh citizenship by investment process requires three steps. You can easily get Turkish citizenship by completing these stages.
5.1. Certificate of Conformity
The first step is obtaining the certificate of conformity for acqusition of Turkish citizenship by investment. Written instruction is sent by the Ministry of Internal Affairs to the relevant application authority and a citizenship document is created. Then, a security investigation is applied; After the positive results of these procedures, a certificate of conformity is issued by the competent authority.
5.2. Residence Permit
After obtaining the certificate of conformity, the second step for Turkish citizenship by investment is making an application to the Immigration Administration for a residence permit.
5.3. Citizen Application
The last step is the application for Turkish citizenship. Citizenship application is made to the General Directorate of Population and Citizenship Affairs.
At all these stages, the result of the evaluation is presented to the President. The person who receives the approval of the President acquires Turkish citizenship.
As a result, if you want to benefit from Turkish citizenship in the easiest and fastest way, you should consider the way of acquiring Turkish citizenship by investment.
Before making your application, do not miss to review the documents on the official website of the Republic of Turkey Investment Office. When making your application, do not forget to follow the steps explained above and prepare the specified documents! And lastly, it will be in your interest to take care to consult a lawyer.
If you are looking for a turkish citizenship by investment lawyer, contact Topo Law Firm‘s experienced team!
FAQ ABOUT TURKISH CITIZENSHIP BY INVESTMENT
1. What are the Turkish citizenship by investment benefists?
Having a developing and growing economy, the Republic of Turkey offers benefits to foreigners who acquire citizenship through investment. Right to residence for a lifetime, right to work, right to vote, taking advantage of health and education system visa-free visit to many countries get ID cards and passports and many other benefits can be obtained.
2. Is legal assistance necessary for acqusition of Turkish citizenship by investment?
An individual application is possible for the acquisition of Turkish citizenship by investment. The presence of a lawyer is not required. However, it is very important to get legal assistance from a lawyer during the citizenship acquisition process, due to the reasons for following the deadlines, paying attention to details and requirements, and not being able to master the provisions of domestic law codes.
3. Can the spouse and children get Turkish citizenship by investment?
An exceptional provision has been introduced regarding the acquisition of Turkish citizenship by investment. It is accepted that the spouse and minor children of the naturalized person also acquire Turkish citizenship.
4. What are the accessible countries for Turkish passport?
The Turkish passport is one of the passports with high transportation power in the world. There is no country where the Turkish passport is not accepted. however, it provides visa-free travel to many countries.
5. How long does the procedure for getting Turkish citizenship by investment take?
The procedure for obtaining getting Turkish citizenship by investment is a very fast way. Citizenship is acquisited in approximately 4 5 months. After all the documents are submitted, the procedures carried out by the competent authorities take approximately 45 days.
6. What is the official website of Turkish citizenship by investment?
There is an official website for the acquisition of Turkish citizenship by investment. The Investment Office of the Presidency of the Republic of Turkey website is the Turkey citizenship official website.
7. How do I become Turkish citizen?
You can become Turkish citizen by decision of competent authority, the way of adoption, the exercise of right to choose or by marriage.