Living in Turkey means savoring breathtaking scenery, and being surrounded with the beautiful ocean, savoring delicious food and being welcomed by warm neighbors. Turkish people live a vibrant and a thriving lifestyle when compared to the residents of other countries.
Additionally, Turkey is a country of significant geostrategic importance due to its position near the borders of Europe as well as Asia.
With all these positives who wouldn’t want to settle down in a Eurasian country? In addition, with the most current citizenship programs making it possible to enter Turkey is no longer an obstacle. The most important thing is that the opportunities for business for foreigners are awe-inspiring as well as investing Turkey is profitable.
The Turkey citizenship by investment program became famous after residency programs offered by Spain, Portugal and Greece have achieved huge success. The most important reason why foreigners seek the Turkey investor visa that Turkey offers the access they need to European as well as Asian markets.
It was an overview description of what the programme. Do you know what the advantages of obtaining Turkish citizenship? Furthermore, are you eligible to be eligible for the Turkey investment visa program? If not what else could you do to fulfill the conditions of the criteria?
Explore Turkey Golden Visa
Minimum Investment Amount: EUR400,000
Processing Time: 3 to 4 months
The Key Benefit: Free movement benefit in Turkey and
Many countries in the region
A Brief Description of the Citizenship by Investment in Turkey
The citizenship of Turkey through investment was announced in the year 2016. Then, in January 2017 the Turkish government launched the program to encourage foreign direct investment and improve its real estate sector. Through this program, investors can decide what methods they would like to contribute to and strengthen the Turkish economy.
When the citizenship by investment program was first introduced, the government quoted that the entry fee would be at around $1 million. This did not attracted many investors. After realizing that the price that was set was a bit excessive, the Turkish government reduced the amount needed to $250,000 in mid-2019.
The country now earns approximately $250 million each month from foreign investors. However, as the number of applicants willing to be granted Turkish citizenship is increasing the minimum price has been increased between $250,000 and $400,000.
Benefits of the Turkish citizenship by Investment
Perhaps you’re not aware, but there are many benefits of Turkish citizenship through the investment program. The most interesting benefits are listed below.
Working, living and studying in Turkey without cost
An easy and quick path towards citizenship
Family reunification
Easy Schengen visa
Access to E2 Visa
Dual citizenship
Profitable investment
Visa Free Travel
Work, live, and learn in Turkey
The Turkish passport gives you and your family the possibility to reside, work, and learn in Turkey. For instance, you may earn income through the sale of your real estate, or perhaps by renting it out. In addition, if planning to relocate with your family members, you will be able to ease the stress of the education of your children. Since the visa can be granted to the entire family that means you and your children can access the education system and the Turkish high-standard lifestyle.
The Quick Path to Citizenship
Turkey citizenship via investment is the quickest route to obtaining Turkish citizenship. Once you’ve invested $400,000 into real estate, you’re entitled to receive your Turkish passport in less than 4 months after making the application.
Family Reunification
The people who apply to apply for Turkey investment citizenship are permitted to bring their spouse, children (dependent, below 18) as well as their reliable parents with them. Besides, all the members can access free healthcare facilities similar to those of the local Turkish population.
Easy Schengen Visa
Turkey citizenship holders can easily apply for applicants for a Schengen visa without much hassle in the event that they have sufficient documentation. In addition, there are numerous other countries having bilateral agreements with Turkey that permit visa-free travel. They include Hong Kong, Singapore, Japan, Mexico, South Korea and nearly all of Latin America.
Electronic 2 in the US
The process of obtaining citizenship in Turkey can be a fantastic opportunity for those who aren’t able to apply for E2 Visa through their original citizenship, for example, India as well as China (mainland). E2 Visa applications are available to residents of countries that have trade agreements between them and the US. Turkey Citizens are also eligible and it is easy to apply to get an E-2 investor visa through your Turkish citizenship.
There are no residency or language requirements.
There isn’t a set date for when a person is eligible to reside in Turkey prior to or after the citizenship through investment in Turkey process has been completed. In addition, you’re able to move even when are not acquainted with Turkish. Turkish language.
Dual Citizenship Rights
Turkey offers dual citizenship, which means you don’t need to give up on the nationality you have to get the Turkish passport. This is a huge benefit for those who have obligations in their country of origin.
Profitable Investment
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it offers various ways to invest that look promising.
Visa Free Travel
When you receive you have a Turkish passport, you’ll be able to travel to nearly 110 countries without the need of Visa on arrival as well as an Electronic Travel Authorization.
Profitable Investment
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it provides various investment options that look promising.
Turkish Citizenship for Indians
For Indian investors looking for new opportunities in business for their business, the citizenship by investment program is becoming more popular. Because of the easy environment the immigration process into Turkey via India is growing in popularity among Indian business professionals.
Turkish citizenship is also a good alternative for Indian investors due to the fact that Turkey is an active member of NATO, the UN The United Nations, the World Bank, and the IMF.
Migration to Turkey from Pakistan
For many foreigners, staying with their families in Turkey is the life of their dreams due to its warm climate, cultural diversity, tasty cuisine and stunning natural surroundings and rich history. In light of these benefits and the close ties between both countries, Pakistani migration to Turkey is also a popular choice.
Immigration based on investment to Pakistan to Turkey is the most sought-after option. Because of Turkey’s numerous benefits for Pakistani families, such as high-quality, free educational institutions as well as a reliable healthcare system, Turkish citizenship for Pakistanis through investments is highly sought after.
Eligibility for Turkey Citizenship by Investment
To qualify to be eligible for Turkey citizenship by investment program The main applicant
You must be at least 18 years old
Never stayed in a shady place in Turkey
You must pay taxes and costs for the process
The Documents Required for Turkish Golden Visa
Birth certificates for all applicants
Passports of all applicants
Residence Proof (Recent utility statement)
Photocopies of biometric passports in color of every applicant
Certificate of marriage (optional)
Certificate of death or divorce of the spouse (optional)
A proof that all applicants have an unblemished criminal record
Documentation of Health Insurance (valid for Turkey)
A proof of an investment of $400,000 in an account in a Turkish banking account lawyer’s client account
Turkish Tax ID No. (necessary)
Note: You can add the spouse of your choice, children below 18 years of age and any child with disabilities.
Turkey Citizenship through Investment Routes
In order to apply for citizenship via investing in Turkey, there are certain investment avenues, like:
Real estate acquisition
Job creation
Capital Transfer
Investment Options
Regarding investment there are three different ways that foreigners can get a Turkish passport through investment.
1. Real Estate
There are plentiful opportunities to invest in real property. A person must invest $400,000 in real property in Turkey in whichever type of property that you’d like to purchase. You can buy the villa, apartment or land.
Additionally, there isn’t a need to take a pre-approval to buy properties since the property is usually not overvalued.
Note: You can also buy multiple properties whose total exceeds the minimum $400,000 amount. However they must be situated within the same community.
Remember to register your properties on the day you buy them. The buyer must hold the property for at least three years.
Note: Property prices at the most expensive areas average $5,500 per square millimeter.
2. Creation of Jobs
Another way to obtain Turkish nationality by investment is to create jobs for at least 50 Turkish individuals. Therefore, you can start your own company and outsource some jobs in exchange for citizenship. Since the process of establishing and running a country comes at a cost and a lot of work, it is advisable to seek legal advice.
Thus, if you’d like to explore Turkey’s business world hire locals and operate an internationally-respected business.
3. Capital Transfer
Foreign investors who are neither willing to invest in real estate nor navigate the business market can make a capital investment. The minimum capital investment amount for Turkey citizenship is in place at $500,000.
What can be done with this amount?
Transfer it to an Turkish bank
Contribute to the bonds of the government
Invest in funds shares.
Make sure to retain the investment for three years.
One of the major advantages of Turkey citizenship investing through Capital transfer is that it means that you do not need to deposit the amount the amount in Turkish currency, Lira. In actual fact, it’s recommended to invest in a stable currency like the Euro.
Note as an investor from abroad and investor, the one that will be the most effective is investing into real estate. Not only because it requires less investment however, its value is predicted to increase in the coming years. You can also rent or sell it.
Turkish Golden Visa: Residency Requirements
The great news is that there is no requirements to be a resident for Turkey citizenship by investment.
It is possible to apply from home and then later travel to Turkey for a visit to the properties, or any other option you’ve picked for investment.
Certificate of Eligibility for Turkey Golden Visa
Depending on the type of investment that you plan to make You must submit an application for one of the following organizations to receive an official certificate of eligibility for investment in Turkey:
Turkish Land Registry and Cadaster of the Ministry of Environment and Urbanization – Real real estate route
Incentive Application, Foreign Capital and the Turkish Ministry of Industry and Technology – Capital Investment Route
Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency The Department of Financial Consumer Relations is part of the Banking Regulation and Supervision Agency. the Turkish bank account
Turkish Ministry of Treasury and Finance Investment in state bonds
Department of the Brokerage Activities of the Capital Markets Board of Turkey – real estate investment funds share or the share of a venture capital investment fund
General Directorate of International Labor of the Ministry of Family, Labor and Social Services – Business establishment
Turkey Citizenship Scheme Application Timeline
Hopefully, readers have been convinced to obtain a Turkish passport. It’s now time to learn the steps to take to apply.
After you’ve decided on the method you’d like to invest your money in Turkey You will be required to submit an application for a residency permit. The entire process can take between three and four months. The good thing is that you don’t have to be physically within the country to take part in an interview or for document purposes.
The next step is a little painstaking. It is necessary to do a lot of documents! Notary certifications, official translations (if needed), etc. ; the process will surely consume a significant amount of your time.
So, it’s great if you engage a professional with certification to take the process further.
Additionally, the process is very similar whether you opt for construction of jobs or capital investment route. The steps are as follows.
Step-by-Step Guide for Real Estate Route
Step 1: Contact the Get Golden Visa Team and obtain new Turkish Tax ID numbers
With no tax number, the law won’t permit you to continue and purchase a home. Once you have the tax number, you are able to open an account at a bank within the country. Our expert team will guide you through the steps.
Step 2: Research and locate the property you’d like to purchase.
This is the stage where you will commence all the paperwork.
Step 3: Collect documents
To invest into real estate it is necessary to get a certification of eligibility. It will only be issued once you qualify for Turkey citizenship through the investment program. To do this, you need to apply to the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
Step 4: Apply for your residence permits
A person has to be a legal resident before beginning the application process. So, you must obtain your residence permit as soon as you’ve made the investment to purchase an Turkish passport. The permit will be issued on the next day that you submit your application. This is why it is the fastest residence process throughout the world.
Step 5: Submit your form
Lastly, after all your paperwork is done as checked by the hired professional and you are now at the last step- submitting your paperwork (all required documents and forms for application) for the Provincial Directorate of Census and Citizenship.
Each of these steps can be easily done within 24 hours! Firstly, you don’t need to present in Turkey to be able to apply. Furthermore, even if are in Turkey, you can finish your paperwork during the day, then drop off the papers, and come back home with your title deed.
It’s time to celebrate: Your passport will be issued within the next three-four months of submitting!
Our team of experts can help you navigate your Turkey citizenship through investment process.
Low Due Diligence
The Turkish real due diligence for property is full report with all the details about the property’s legal status. It will let you know whether the property is subject to any lawsuits or financial obligations and is safe to purchase.
So, if you’re buying a property in Turkey, the realtor will go to the Land Registry to verify and confirm the registration number. Also, any details related to leasing as well as other obligations on the property are checked.
Furthermore, the real estate undertakes due diligence to verify whether the plan about the property is acceptable according to the local municipality. The expert will also check building permits issued by local authorities.
Tax Consequences of Citizenship in Turkey
Turkey doesn’t charge any taxes on income you receiving from abroad. Additionally, you’re not required to pay tax in Turkey even if you don’t reside there longer than six month. However, you are required to pay a tax on your income that is earned in Turkey.
For example, if you have rented out your house and you have to pay taxes. Taxes for property are payable in two installments per year.
The tax rate for the year is 0.2% for apartments and houses in metropolitan municipalities like Istanbul.
When you are the owner of a home with a value of 1,500,000TL, the owner is responsible for paying an annual total of 3,000TL. Pay the first installment in May and the subsequent installment in November.
Additionally, if you’re selling a property, you’re supposed to pay the accumulated tax of all the previous years before the transfer of the deed.
Tax on personal income is calculated at up to 35% on income exceeding 110,000 TL.
If you’re interested in getting citizenship from Turkey it’s a good idea to talk to a Turkish tax expert to find out more about the tax structure.
Purchase of Property in Turkey
Turkey is not only one of the top countries to obtain second citizenship, however, it also has a very appealing real estate market that has high rates of return. The vast array of options in terms of luxury and budget-friendly, new construction, off-plan, renovated apartments and villas, and resales homes in Turkey is one of the main factors driving foreigners’ desire to purchase real estate there.
Property prices in Turkey
Turkish real estate could be an excellent investment. In Istanbul, the nominal value of real estate is doubled every five to ten years. Prices for homes in Turkey generally increase between 5 and 20 percent annually.
In accordance with September 2022’s Data:
The average cost for residences in Istanbul is $130,000
The median price for houses for sale in Ankara is $78,000
The average price for homes for residential use of Antalya is $113,000
Our real estate experts at Get Golden Visa can help you find the perfect property depending on your needs and hold your hand through the selection of the ideal property and citizenship application.
Dual Citizenship Turkey
Turkey allows dual and multiple citizenship, and no citizenship has been officially restricted.
Investors seeking Turkey citizenship through investment are not required to abdicate their citizenship in their country of origin and get Turkish citizenship. This can be a big advantage to people who wish to stay and work in their country of origin.
But, citizens of other countries are not required to participate in certain Turkish services, including mandatory military service.
Important: Before applying for Turkish citizenship make sure that your country of citizenship doesn’t hinder you from obtaining Turkish citizenship.
Turkish Passport Visa Free Countries
Turkey is a nation that has many benefits among them is that you are able to travel to many countries without visa or via visa-on-arrival. Citizens with an Turkish passport can access almost 110 countries throughout the globe. A few of these are Qatar, Singapore, Tunisia, Jordan, Iraq, Japan, South Korea, Malaysia, Hong Kong, Indonesia, Belarus, Bosnia Chile, Colombia, Ecuador, El Salvador, Georgia, Paraguay, Serbia, South Africa, Thailand, Northern Cyprus, Ukraine, Uruguay, Morocco, Brazil, Argentina, Kuwait, Bahrain, Lebanon and most of the African countries.
With a Turkish passport, you are eligible to enter 72 countries without visas, 35 countries with visas that you obtain upon arrival and three nations with electronically issued travel permits (eTA) which you can obtain online.
There are three ways to travel into countries where Turkish passports do not require an entry visa. The options are listed below.
Visa-free entry: There’s absolutely no need for a visa.
Visa on arrival: You are issued an entry visa at the time you arrive in the country and not seeking one prior to arrival. Only travellers are eligible for this type of visa.
eTA: Three to five days before departure, you are able to pay a fee and get an electronic visa online.
Other Methods to Obtain Turkish Citizenship
Apart from gaining Turkey citizenship through investments Other routes for becoming a citizen like:
By marriage: If you’re married to an Turkey citizens, then you could be eligible for citizenship after three years
Birthright By birth: If either of your parents are Turkish and you’re born in Turkey, you could be eligible to be eligible for Turkish citizenship, as well
Employment: If you’ve been working on the territory for at most five consecutive years under an employment contract, you may be considered for citizenship
By naturalization: After living in the country for five years, you may be eligible for Turkey nationality
Particularly if you have outstanding achievements in sports, science or culture, you can be granted Turkish citizenship
Other Alternatives for Turkey Citizenship by Investment
In addition to the Turkey citizenship by investment program, many other European countries have launched their respective citizenship programs. They are actually attracting a large number of investors. The economies of these countries have benefitted in a way that has never been before and foreign citizens are privileged to live the international life.
Commonly Asked Questions Concerning Turkish Passport by Investment
How much do I need to invest in order to obtain Turkish citizenship?
The minimum investment required to obtain the Turkish passport for investment is $400,000. This is the amount you invest through real estate purchases. In 2022, the amount was $250,000.
For investment options that are not listed starting from $500,000. After you have made the eligible investment, you could anticipate obtaining your citizenship within three to four months.
Can I obtain Turkish citizenship by buying a house?
Yes, you can become a Turkish citizen by buying the property. It’s actually one of the top options under the Turkey citizenship through investment scheme. The requirements are that the property’s value is an amount of at least $400,00. Additionally, you’ll have to receive a certification of eligibility from the relevant authorities.
Does Turkey sell citizenship?
Turkey grants citizenship in return for an investment, as most Golden Visa states do. This is a form of citizenship through investing. Investors eligible for citizenship can select the investment option they prefer and start the process. Turkey investor citizenship process can be completed in less than 6 months.
Are you able to obtain Turkish citizenship simple?
If you follow the correct procedure, obtaining Turkey investment citizenship can be very easy. The process is quick and straightforward. As long as you have the right documents and make an investment that is eligible then you will be a citizen within about three or four months. Getting professional help will aid in the process.
Can foreigners become Turkish citizen?
Foreigners are allowed to be Turkish citizens. Turkey has dual citizenship, however you’ll also need to check with your home country to find out if they permit dual citizenship. Citizenship can be gained through Turkey investor citizenship schemes or naturalization.
Does a Turkish passport strong?
Turkish passport is considered strong because it permits visa-free entry to more than 110 countries. With an Turkish passport, you’ll be able to travel to a variety of Asian countries without needing an entry visa. The countries that are eligible include Thailand, South Korea, Japan, and the Philippines. Furthermore, many south American countries, including Argentina as well as Venezuela accept Turkish passport holders without visa.
Is there a Turkey residency through investment scheme?
Turkey does not have a separate residency through investment program. It is possible to apply directly for the citizenship program and obtain your citizenship , that automatically converts into residency.
Do I need to learn Turkish in order to obtain citizenship through an investment?
There’s no need to. Contrary to many other programs no prior understanding of Turkish is required to acquire citizenship through investment.
What are the stay requirements?
There is no stay requirement this means you can travel outside of the country and then return with no restrictions.
Can I include my family in my application?
Yes, you can. Your spouse and children who are under 18 are eligible to be your dependents.
Is it possible to sell the house in the future?
The homeowner must keep your home for at least three years. After this period is over, you can sell your home in Turkey.
