The Turkish Citizenship by Investment Program was established in Turkey in 2017, and it provides one of the fastest and easiest ways to obtain a second passport. As Turkey is one of the world's most attractive countries for tourists and investors. Its great and remarkable development in the last fourteen years in many different fields made it a destination for those looking for residence and stability in this region. The Republic of Turkey offers the opportunity to obtain Turkish citizenship by investing in different options that allow the investor to choose what suits the nature of his investments, which we will discuss in this article, so follow along with us.
Turkish Citizenship by Investment in Turkey (Real Estate)
The Turkish Citizenship by Investment Program provides investors and their families with the opportunity to purchase real estate worth at least $250,000 in any city in Turkey, thus obtaining Turkish citizenship in a short period of time. Initially, the minimum investment was set at 1,000,000 USD, but then the Turkish government reduced it to 250,000 USD in 2019 to make Turkish Citizenship by Investment Program more attractive.
The characteristics of the application process are simple and clear, the procedures are simple, and you can enjoy the benefits of obtaining a Turkish passport in no more than six months.
Types of investment in Turkey
• Buying a property worth $250,000 with a pledge not to sell it for 3 years.
• Deposit an amount of 500.000 dollars in a state bank in Turkey for a period of 3 years.
• Buying $500,000 worth of shares in Turkish Real Estate Investment Trusts (REITs) or venture capital funds (VCTs)
• Purchase of government bonds in the amount of 500,000 dollars.
• Purchase of a company with a capital of 500,000 dollars.
• Employing 50 Turkish employees.
Advantages of Turkish Citizenship by Investment
• There is no minimum required residence.
• The possibility of disposing of investments and recovering the money after 3 years.
• Not to require the declaration of assets or income.
• The program is considered the most diverse in terms of ways to obtain citizenship, whereby the investor can choose the most appropriate method for him.
• The speed of completion of the transaction, as it does not take more than four months to obtain Turkish citizenship and a passport.
• Government fees and administrative expenses when adding family members to the citizenship application file are almost non-existent, and thus this program is the least side expense in the world.
• The family (wife and children under the age of 18) also obtain the second citizenship with the same investment value without any increase.
Advantages of obtaining Turkish citizenship
As we all know Turkey is one of the most important countries, investing is easy, so there is no difficulty at all. This investment provides you with many advantages, which makes you a distinguished citizen because you will get these advantages just like them, just like Turkish citizens, which are as follows
• You can obtain Turkish citizenship through investment without the requirement to attend in person.
• And automatically when you obtain Turkish citizenship, you will get the Turkish passport, which is one of the best passports around the world and ranks very high.
• The family (wife and children under the age of 18) also obtain the second citizenship with the same investment value without any increase.
• There is no residency requirement in Turkey or a minimum residency requirement.
• You can sell the disposal of the property or get the money back after 3 years.
• Not requiring the declaration of assets or income.
• You can obtain Turkish citizenship in several ways, and the investor can choose the appropriate method for him.
• The speed of completing the transaction, as it does not take more than four months to obtain Turkish citizenship and a passport.
• This is the least expensive way in the world for family members to obtain citizenship in return for investment.
Steps to apply for Turkish citizenship through investment
• Opening a bank account in Turkey.
• The appropriate and correct investment.
• Apply for a residence permit.
• Apply for Turkish citizenship immediately upon obtaining a residence permit
Documents required to obtain citizenship through investment
• A copy of the investor's residence.
• Certificate of conformity for the investment from the Land Registry Department.
• Marriage document translated into Turkish and duly certified.
• Birth certificate for all applicants for citizenship (wife and children under the age of 18).
• Duly translated and certified family statement.
• A copy of the passport translated into Turkish and certified by the Noter for all applicants' family members.
• 4 biometric photos for each family member.
• A special agency for a specialized lawyer to carry out the citizenship transaction.
Attestation of all documents by the Ministry of Foreign Affairs of the mother country, then translating these documents into Turkish, and attesting them by the Turkish Consulate in the source country.
Turkish citizenship by investing in Turkey
According to figures provided by the General Directorate of Population and Nationality of the Turkish Ministry of Interior; Between September 19, 2018 and September 19, 2019, the number of people who acquired Turkish citizenship by investment became 2,611 foreign investors, and there were 9,962 foreign investors who acquired Turkish citizenship with their families. But after the Turkish government's decision to obtain Turkish citizenship was amended in September 2018, foreign investment in residential real estate increased significantly
Until January 2020, real estate sales in Istanbul to foreigners increased by 46% compared to the previous year and broke the record. The sale of real estate in Turkey to foreigners witnessed an increase of 15% in 2019.
As the top 10 countries that obtained Turkish citizenship by investing in Turkey; Iraq, Egypt, Afghanistan, Palestine, Libya, Lebanon, Saudi Arabia, Federation of Saint Kitts and Nevis, Azerbaijan, Pakistan.
Advantages of living and life in Turkey
The most important characteristic of life in Turkey is the phenomenon of simplicity and freedom that most foreign residents deal with, because Turks are known for their simple life and the nature of their life system. Soon, these manifestations were transferred to their official departments and were remarkably translated in health, educational and service facilities, even in their restaurant and bar. There are no such huge class differences.
Turkey also provides high-tech services, because every resident has applications in his hands, he can extract his official documents through these applications, because it is one of the leading countries in the field of e-marketing, so everything you need can be in this application, arriving at your door with amazing speed .
Compared to life in many Arab countries, especially the Gulf countries, Turkey is considered one of the countries with a low cost of living. Getting a job with an average salary can guarantee you a decent life, including paying the rent for housing, food and drink and transportation, but no other additional expenses (1000 is enough). Pound per capita) varies from person to person, and in general, we find that the cost of living in tourist cities is higher than in other cities that do not depend heavily on tourism, such as Istanbul, Trabzon and Bursa. The cost of living is high, and Ankara, despite being the capital of Turkey, is not a city dependent on tourism, so the cost of living in it is lower than any other tourist city.