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The Turkish citizenship by Investment program was introduced by the government in 2018 and is focused on real estate investments. The program features a straightforward application process, and investors can benefit from rental income and may re-sell their property.
To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record.
In addition, you are required to maintain your real estate purchase for a holding period of 3 years.
As a citizen of Turkey, you will be able to travel visa-free or with a visa-on-arrival to over 110 countries and territories in the world, including Singapore, Hong Kong and Brazil.
As a Turkish citizen, you will be able to apply for the E-2 investor visa for the United States.
Designed to be a smooth and straightforward process with a timeframe of 6 to 8 months to your new citizenship.
Turkey does not impose taxes on worldwide income, capital gains, gift, wealth and inheritance.
There are no physical residency requirements. You are not required to visit before or after the application.
There is no need to renounce your current citizenship(s), and your home authorities are not notified of your new citizenship.
Article 20 of the Regulation on the Implementation of the Turkish Nationality Law (“Regulation“) stipulating the exceptional cases on which Turkish nationality is obtained, was amended by the Presidential Decree No. 106 (“Decree“) which was published in the Official Gazette dated , September 19, 2018 and entered into force on the same date. A new prerequisite for obtaining Turkish citizenship has also been introduced to Article 20 of the Regulation. Accordingly, if Capital Markets Board determines that a foreigner has purchased a share of real estate investment fund or venture capital fund with a minimum requested value of foreign currency or equivalent Turkish Lira on condition that the share would be hold by such foreigner for three years at least, Turkish citizenship can be obtained upon a Presidential decree.
The expected timeframe for the application process is 6-8 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice. The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. We collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.
*Sample of Passport
We will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.
Our professional team will assist and advise you with the collection of the documents required according to the Government checklist.
We will help you choose a valuation expert that is licensed by the Capital Markets Board of Turkey and get your chosen property evaluated. The purchase must be completed by registering the applicant’s own name on the property and annotating the promise to not sell the property for at least three years.
We will complete and check the file of your application and send them to İstanbul for an official checking of the file via mail. After your files are complete, the evaluation process for the application will be initiated by the Directorate of the Civil Registry of the city in which the residence permit is taken.
Global Resettlement is your reliable partner for skilled migration, student visas, and business opportunities abroad. Reach out to us for a free consultation and discover how we can help you achieve your migration goals.