Turkish Citizenship by Investment

January 20, 2024
real estate investment in turkey, Turkish citizenship, غير مصنف

Turkish citizenship, a new gate open to life. Many seek it. This is due to the opportunities it provides the citizen with travel and a decent and stable life. By real estate and commercial investment. Or it is a process that allows individuals and their families to obtain citizenship by investing money, depending on the laws and policies of the country.

What is Citizenship by Investment?

Citizenship by investment represents the ability of high-income individuals to acquire the citizenship of another country by investing in a country’s economy. The Turkish Citizenship by Investment program, like others in every country, also enjoys its unique requirements and benefits, such as the availability of faster ways to obtain citizenship compared to traditional immigration processes.

A glimpse of the best investments to obtain Turkish citizenship

The minimum investment requirement and the conditions for obtaining Turkish citizenship differ from other countries. But each category has its own specific characteristics and advantages that suit different characteristics of investors. The investment may also include several suggestions:

Employ a certain number of local workers.
Invest in real estate or local business.Pay a sum of money to the Country Development Fund as a non-refundable donation.
Obtaining Turkish citizenship by investment is a good opportunity for individuals looking for new opportunities, freedom to travel or live in another country.

The advantages of having two nationalities and their reflection on the life of the individualHaving two nationalities has big impacts such as getting easy trips and working in different countries without the need for visas or permits.In addition to greater opportunities in areas such as work and education. You may have better social and health rights in your country of second citizenship and you may have the right to vote in local or national elections in both countries.

The advantages of having two nationalities

Having two nationalities has big impacts such as getting easy trips and working in different countries without the need for visas or permits. In addition to greater opportunities in areas such as work and education. You may have better social and health rights in your country of second citizenship and you may have the right to vote in local or national elections in both countries. This is as follows:

Greater freedom of travel: A second passport can take away the hassle of ongoing visa applications.
Enhance personal security: In times of political or economic instability, second citizenship can provide a much-needed safety net.
Eliminating persecution and discrimination: Second citizenship can provide a path to a safer and more inclusive environment.
Better quality of life: Access to better healthcare, education, and job opportunities are among the main benefits of dual citizenship.
Broad business prospects: Multinational entrepreneurs are able to tap into new markets and enjoy favorable tax regimes.
Avoid compulsory military service: Dual citizenship can provide an alternative to compulsory military service in some countries.
Retirement and healthcare insurance: It can provide the most stable and comfortable options for retirement and necessary health care insurance.

Benefits of obtaining Turkish citizenship

Obtaining Turkish citizenship opens up great horizons of possibilities. The benefits you will get after obtaining Turkish citizenship are enormous.

You, your family and children under eighteen can become Turkish citizens.
Visa-free travel to over 110 countries.
Allow you to have dual citizenship.
Continue to profit high from your high return on investment.

Add to all this the strength of the Turkish real estate market, which has an annual average of more than 10% of the capital. That is, your financial situation will completely reverse during the three years of owning the property.

Investments available for obtaining Turkish citizenship

There are a variety of investments that allow you to be a Turkish citizen, among these options:

Obtaining Turkish citizenship through the housing investment program: You can obtain citizenship by requiring investment in real estate. This can require buying a house or apartment at a specific value. And keep it for a minimum of 3 years.
Business investment programs: By investing a specific amount in business, such as establishing a company or investing in an existing local company, and employing a certain number of local citizens at least 50 people in Turkey for a certain period of time.
Economic investment programs: Some countries, including Turkey, offer citizenship programs in exchange for investment in the local economy. Such as buying government bonds or investing in local economic development funds. Such as investing in a real estate fund worth $500,000.
Donation and development programs: You can also obtain Turkish citizenship by donating for development purposes in the country, such as participating in local development projects or donating to charitable funds.

Turkish Citizenship by Investment in Housing Program

Turkey offers many advantages to those wishing to obtain its citizenship. In particular, through the real estate or residential investment program, which includes each of the following:

The investor and his eligible family members obtain Turkish citizenship in a period of three to six months. When buying any property in Turkey worth 400 thousand US dollars and selling it later to make profits after at least 3 years. With the availability of allowing the lease of the expropriated property and achieving a long-term financial return. All this is in addition to the investor’s possession of a clean criminal record.

So, how to get the Turkish citizenship program by commercial investment? By depositing $500,000 into Turkish bank accounts. With no possibility of withdrawal for three years. Or make a fixed capital investment of at least $500.000. By buying $500.000 worth of government bonds but also on the condition of not selling for three years.

Steps to reach Turkish citizenship, make sure that you obtain the following:

Your tax identification number: from any Turkish tax office.
Submit original passport and photo.
Opening a Turkish bank account: in order to document all transactions through a Turkish bank approved by the government.
Choosing the right property for Turkish citizenship is identical to the required amount.
Receive the certificate of conformity by requesting and submitting the official assessment survey. As well as provide the official bank transfer receipt.
Obtaining a residence permit: collect the necessary documents. After applying to the Immigration Management Department.

Eventually you will continue to reap significant benefits while selling the property after 3 years. Even if permanent residency gives you the best possibility of obtaining social benefits and travel freedoms to and from Turkey. But you can continue without having to live in Turkey for a certain period of time. Because once you get the residence permit, you can continue to live abroad and apply for Turkish citizenship. This is an advantage that some countries do not allow.

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