Obtain Turkish Citizenship by Investment

In May 2022, Turkey announced a pathway for prospective buyers to gain Turkish citizenship by investing a mere USD 400,000 in the real estate market. This initiative emerged as one of the globe’s most affordable and enticing citizenship by investment programs. Previously, in its inaugural 2017 release, the threshold was a heftier 1,000,000 dollars.

Since its introduction, the program has enticed thousands of investors, leading them to plunge into the Turkish real estate market and, in return, receiving the cherished Turkish citizenship. This article elucidates the entire process, encompassing every requisite, formality, and perk associated with obtaining Turkish citizenship through property investment.

Benefits of Turkish Citizenship

• Citizenship for spouse and children:Extended to the applicant’s spouse and children under 18. Children born subsequently also inherit this status. However, post 18, individual applications are needed.
• Dual Citizenship:Turkey’s policies allow you to retain your original nationality, meaning there’s no need to relinquish your current citizenship when you dive into the Turkish real estate market.
• Visa-free travel: Holders of an ordinary Turkish passport can waltz into 104 nations without a visa or, in some cases, receive one upon arrival. This stature ranks the Turkish passport among the world’s top 30 in terms of strength, with a renewal cycle every decade.
• Working in Turkey: Citizens of Turkey are free to work in the country. A work permit was previously required. Citizenship facilitates employment in a country that serves as a crossroads between Europe and the Middle East.
• Healthcare, Insurance, and bureaucratic ease: With this citizenship, you will be able to take advantage of lower-cost healthcare and insurance policies in Turkey. You’ll be allowed to vote in national elections as well. You’ll also be able to apply for Turkish loans and get a state pension.
• No minimum residency required: Turkish Citizenship allows you to come and go as you like from Turkey without losing your citizenship. Once you have obtained Turkish citizenship, you are not required to live in Turkey.
• Relocating to the UK: As a Turkish citizen, you may apply for a Business Person visa and eventually get British citizenship, making it quite easy to live and work in the United Kingdom. The investing program has a significant attractiveness.
• Work in the US: The E-2 investment visa is another option for Turkish people looking to relocate to the United States. If you want to reside in the United States, real estate in Turkey is an excellent way to get there.
• No military service required: Applicants who invest and relocate to Turkey via the investment program are excused from serving in the military. Your dependents are excluded as well.
• Citizenship and Superb Inheritance laws: One advantage is that, in the sad case of your death, Turkish law completely protects your legal heirs. This assures that your property will be passed down to your children smoothly in the future, without much bureaucracy to deal with.

Procedure: Turkish Citizenship by Real Estate Investment

• Step 1: Get a Turkish Tac Registration Number:

You can get a Tax Registration Number with your original passport and pictures at any tax office branch in Turkey.

• Step 2: Open a bank account in Turkey:

To open a bank account in Turkey, you’ll need your passport and your tax identification number. You’ll also need an official document proving your current address in the country you live in, such as a utility bill.

• Step 3: Find a property/multiple properties worth at least 400.000 USD

The property must be valued at a minimum of 400.000 USD and might be a single home or multiple units. The house must be nearly done or completed, with a Habitation Licence approved and a Title Deed or Construction Servitude available. To get citizenship, one must be qualified for an Official Valuation.

• Step 4: Buy the property in Turkey:

Property must be bought by a bank transfer with a receipt for the paperwork and transaction. The Title Deed Registry or the Notarized Sales Contract must be annotated to declare that the property will not be sold within three years of purchase. After the three years are complete, you can sell all of your Turkish investments and maintain your citizenship permanently.

• Step 5: Obtain a Certificate of Conformity:

This can be accomplished by submitting the Official Valuation Survey and the Bank Transfer Receipt to the Ministry of Environment and Urbanization.

• Step 6: Apply for the Turkish Residency:

After acquiring all of the necessary papers, apply for Turkish residency at the Directorate General of Migration Management. This is an important step on the road to citizenship.

• Step 7: Apply for Turkish Citizenship by investment:

After getting your Turkish residency and acquiring all of the relevant paperwork, you can now apply for Turkish citizenship at the Directorate General of Migration Management. You’re now a citizen of Turkey.

NOTE: Our in-house attorneys are available to assist you at any time.

What are the needed Documents for Turkish Citizenship?

• Copy of Birth Certificate: Each certificate must be stamped and validated by your home country’s Ministry of Foreign Affairs and the Turkish Embassy in your home country, or you can use the Apostille Convention to apostille the papers (Hague Treaty Convention 12)
• Marital Status: This includes marriage certificates, divorce certificates, and if widowed, the death certificate of the spouse. Each certificate must be stamped and authenticated by the Ministry of Foreign Affairs of your own country and the Turkish Embassy OR Apostilled under the Apostille Convention (Hague Treaty Convention 12)
• Biometric photos: ALL family members applying must provide 4 biometric photographs with a white background and a 5 x 6 size, as well as 8 additional biometric photographs that are standard size and on a white background for the primary applicant only.
• Copy of original passport
• Power of Attorney granted
• Receipt of Wire Transfers
• Proof of Address / Certificate of Residence: Governmental entities must provide proof of address. Utility bills or bank statements will not be accepted. Each certificate must be stamped and authenticated by the Ministry of Foreign Affairs of your own country and the Turkish Embassy OR Apostilled under the Apostille Convention (Hague Treaty Convention 12)
• All application forms should be filled in.

Other ways to receive The Citizenship of Turkey by Investing:

• Employ at least 50 Turkish Citizens in Turkey.
• Fixed Capital Investment of at least 500.000 USD.
• Purchase State Dept Instruments worth 500.000 USD.
• Deposit at least 500.000 USD into a Turkish Bank.
• Venture Capital Investment Fund worth 500.000 USD.

Why invest in Turkey?

• Wonderful climate: Select Turkish cities boast over 300 sunny days annually. Consider buying a residence in Bodrum; it’s not just a ticket to citizenship but also a gateway to an opulent lifestyle. Meanwhile, Antalya offers a conducive work environment throughout the year, in addition to picturesque beaches, majestic mountains, and even skiing spots.
• Between East and West: Turkey serves as a link between East and West, and as such, it provides unrivaled business and travel opportunities. Purchasing a home in Istanbul is your entrée to Turkey’s metropolis.
• Safe for the family: Turks are recognized for being kind and accommodating to tourists. Those who live in Turkey or purchase real estate can do so in a secure and pleasant atmosphere, with some of the top international schools for their children, branded shopping malls with a wide range of stores, and other amenities.
• Turkish food: The cuisine of Turkey is considered to be among the greatest in the world. Turkish cuisine, known for its great flavors and delights, will have you going back to Turkey to try a kebab or eat fresh veggies and colorful dishes, whether you’re eating street food in Istanbul or luxury meals at a beach restaurant.
• Healthcare in Turkey: With 5-star facilities located throughout the country, Turkey is quickly becoming one of the world’s leading destinations for healthcare and private medical tourism, with visitors often traveling for surgery for a fraction of the cost in their own countries.
• Regional Powerhouse: Turkey is one of the region’s most developed countries. Things are looking well for Turkey as an EU candidate country, a member of the G20, and a NATO member.
• Value for money: With the Turkish Lira depreciating, now is an excellent opportunity to buy real estate in Turkey at a low price. To fulfill the 400.000 USD requirement, you may easily find a 3 or 4-bedroom villa in some of the country’s most desired regions. Whether it’s real estate, lifestyle changes, or day-to-day expenses, value for money is found all around the country.

Do you need help to get Turkish Citizenship by Investment? 

Prestij Consulting stands at the forefront of Turkey’s real estate domain. Our carefully curated property listings, tailored for the Turkish Citizenship by Investment initiative, span various regions and cities, providing an extensive array. Our dedication ensures a seamless citizenship acquisition process in just a few months. With our formidable negotiation prowess and proficient in-house attorneys, we promise optimal prices. For a deeper dive or to kickstart your application, reach out to us immediately or explore our blog for richer insights.