Living in Turkey means that you can enjoy breathtaking scenery, and being surrounded with the beautiful sea, eating delicious food and being greeted with warm neighbors. Turkish citizens live a vivacious and rich lifestyle as contrasted to those of many other nations.
Furthermore, Turkey is a country of significant geostrategic significance due to its location near the borders between Europe as well as Asia.
With all these advantages who wouldn’t want to be a part of an Eurasian country? Also, with the most recent citizenship programs and visas, a move to Turkey is no longer an uphill struggle. In addition, the opportunities for business that an expat has here are awe-inspiring making investments in Turkey is profitable.
Turkey citizenship by investment was popularized after residency programs offered by Spain, Portugal and Greece enjoyed huge success. Additionally, the main reason foreigners want to get an Turkey invest visa that Turkey provides investors access for access to European and Asian markets.
So, this was just an outline about the course. Are you aware of benefits of getting Turkish citizenship are? In addition, are you qualified to be eligible for the Turkey investment visa program? If not, what else can you do to meet the conditions of the criteria?
Explore Turkey Golden Visa
Minimum Investment Amount: EUR400,000
Processing Time: Three to four months
The Key Benefit is the free movement benefit in Turkey and
several countries in the region
Short Summary of Citizenship by Investment in Turkey
The citizenship of Turkey through investment was announced in the year 2016. In January of 2017 the Turkish government announced the plan to stimulate foreign direct investment and enhance its real estate sector. In this program, investors can decide on the various means they’d like to contribute to and strengthen the Turkish economy.
The first time Turkey’s citizenship by investment program was first introduced, the government quoted the cost of entry to be at least $1 million. This did not make it attractive to investors. When they realized that the amount that was set was a bit excessive, the Turkish government dropped the investment needed to $250,000 in mid-2019.
Nowadays, the country earns about $250 millions every month from foreign investors only. As the number of people who want to acquire Turkish citizenship is increasing The minimum cost for citizenship is increased by $250,000 up to $400,000.
The benefits of Turkish Citizenship by Investment
You might be unaware of the many advantages to Turkish citizenship via investment. Some of the fascinating advantages are listed below.
Living, working, and studying in Turkey without cost
An easy and fast path to citizenship
Easy Schengen visa
E2 Visa is easy to access. E2 Visa
Investment that is profitable
Visa Free Travel
Work, Live, and learn in Turkey
The Turkish passport grants you and your family the right to live, work as well as study in Turkey. For instance, you may earn money through the sale of your real estate or rent the property out. Additionally, if you’re planning to move with your family, it is possible to ease the stress of the children’s education. Since the visa is given to the entire family as well as the children, both can access the education system and the Turkish standard of living.
The Quick Path to Citizenship
Turkey citizenship through investment is the fastest way to get Turkish citizenship. If you make a $400,000 investment in real estate, you are eligible to obtain your Turkish passport within less than 4 months after submitting the application.
The people who apply to apply for Turkey investment citizenship are permitted to bring their spouse, children (dependent younger than 18), and dependable parents with them. Furthermore, all applicants are able to use free health facilities just like the local Turkish population.
Easy Schengen Visa
Turkey citizens can apply for applicants for a Schengen visa with no hassle, as long as they have sufficient documentation. In addition, there are numerous other countries having bilateral agreements with Turkey that allow visa-free travel. This includes Hong Kong, Singapore, Japan, Mexico, South Korea, and almost full Latin America.
The E2 is in the US
Being able to become a citizen of Turkey is a great opportunity for those who can’t apply for an E2 Visa through their original citizenship, like India and China (mainland). E2 Visa applicants are available to citizens of nations that have trade treaties with the US. Turkey residents are eligible and it is easy to apply to get an E-2 investor visa by utilizing the use of your Turkish citizenship.
No residency or language requirements.
There isn’t a set time frame for an individual to reside in Turkey prior to or after the citizenship through investment in Turkey route has been completed. Additionally, you’re good for travel even though you do not speak Turkey’s local Turkish language.
Dual Citizenship Rights
Turkey permits dual citizenship, which means you don’t need to surrender your citizenship to obtain the Turkish passport. This is a major benefit to investors who have obligations in their home country.
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it offers various investment opportunities that are promising.
Visa Free Travel
When you receive you have a Turkish passport, you’ll be able to travel to around 110 countries without the need for an visa, a visa upon arrival, or an Electronic Travel Authorization.
Unlike some other citizenship-by-investment programs, Turkey doesn’t require a donation in exchange for a passport. Instead, it provides a variety of investment opportunities that look promising.
Turkish citizenship for Indians
For Indian investors who are looking for new opportunities in business Citizenship by Investment program is gaining popularity. Because of the ease of doing business and the ease of obtaining citizenship from Turkey originated from India is becoming increasingly popular in the eyes of Indian business professionals.
Turkish citizenship is also a desirable choice for Indian investors due to the fact that Turkey is a member of NATO, the UN, the World Bank, and the IMF.
Immigration to Turkey from Pakistan
For many foreigners being to Turkey is the fulfillment of their dreams due to its pleasant climate, cultural diversity, delicious cuisine and stunning natural surroundings and a rich history. In light of these benefits and the close relationship between the two countries, Pakistani migration to Turkey has also gained a lot of attention.
The immigration based on investment to Pakistan in Turkey is the most well-known option. Due to Turkey’s many benefits in the case of Pakistani families, including its top-notch free educational institutions and an efficient healthcare system that is reliable, Turkish citizenship for Pakistanis through investing is in high demand.
Eligibility for Turkey Citizenship by Investment
To qualify to be eligible for Turkey citizenship by investment the applicant must meet:
At minimum 18 years old
It is unlikely that you stayed illegally in Turkey
Must pay the taxes and costs for the process
Essential Documents to Apply required to obtain Turkish Golden Visa
Birth certificates of all the applicants
Passports of each applicant
Residence Proof (Recent bill of utility)
Biometric, colored passport photos of each applicant
Certificate of marriage (optional)
Death or divorce certificate of the spouse (optional)
A proof that all applicants have an unblemished criminal record
Proof of Health Insurance (valid for Turkey)
Proof of investing $400,000 into an account in a Turkish Bank account the lawyer’s client account
Turkish Tax ID number (necessary)
Note: You can also add the spouse of your choice, children who are under 18 years of age, and children of any age with disabilities.
Turkey Citizenship through Investment Routes
In order to apply for citizenship via investment in Turkey there are various investment avenues, like:
Real estate acquisition
Regarding investment There are three options to obtain an Turkish passport by investment.
1. Real Estate
There are plentiful possibilities for investing in real property. One must invest $400,000 in real estate in Turkey depending on the kind of property that you’d like to purchase. You can buy the villa, apartment or land.
Additionally, there isn’t a requirement to obtain a pre-approval for buying properties as the property isn’t typically overvalued.
Notice: You are able to purchase multiple properties that’s total amount is at least $400,000 figure. But, they must be located within the same community.
Remember to get your properties registered the same day that you purchase them. The buyer must hold the property for at least three years.
Notice: Property prices in the most expensive locations are about $5,500 for a square meter.
2. Job Creation
Another way to obtain Turkish nationality through investment is by creating jobs for at least 50 Turkish people. Start your own business and outsource some labor to gain citizenship. Since the process of establishing and running a country has its own costs that is why it’s best to get some legal help.
So, if you want to discover the business world of Turkey employ locals to run an international business that is legitimate.
3. Capital Transfer
Foreign investors who are not interested in investing in real estate or navigate the business world can invest in capital. The minimum amount of capital investment required for Turkey citizenship investments is determined at $500,000.
So, what can do with this amount?
Transfer it to the bank of a Turkish bank
Contribute to the government bond
Invest in the fund shares.
Make sure to retain the investment for three years.
One major benefit of Turkey citizenship through capital transfer is that you don’t necessarily have to put the money into Turkish Lira, the currency of Turkey. Lira. In actual fact, it’s recommended that you invest using an exchange rate that is stable, such as the Euro.
Note that as an international investor and investor, the one that is the most sensible choice is investing of real property. Not just because it is less expensive to invest in and maintenance, but also because its value is expected to rise over time. Furthermore, you are able to 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.
You can apply online and then later travel to Turkey to look at the properties or whatever method of investment you’ve selected.
Certificate of Eligibility for Turkey Golden Visa
Based on the type of investment you are making, you must apply to one of these institutions to receive the Certificate of Eligibility to 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 – Deposit in the Turkish bank account
Turkish Ministry of Treasury and Finance – – investment in government bonds
Department of the Brokerage Activities of the Capital Markets Board of Turkey Real Estate Investment Fund share or shares of venture capital investment funds.
General Directorate of International Labor of the Ministry of Family, Labor and Social Services – Company establishment
Turkey Citizenship Scheme Application Timeline
Hopefully, the readers are now convinced to get the Turkish passport. Now it’s time to understand how to apply.
Once you’ve chosen the way you’d like investing in Turkey and you’ve made your decision, you’ll need to fill out the application for residency. The entire process can take approximately three to four months. The good thing is that you don’t need to be physically in the country for an interview or document purposes.
This is the next part, which is a little painstaking. There is a requirement to do a lot of documents! Notary certificates, official translations (if needed) and many more. It will take up a significant amount of your time.
Therefore, it’s best if you employ a professional who is certified to speed up the process.
Besides, the process is remarkably similar regardless of regardless of whether you decide to take the real estate, job creation, or capital investment route. These are the steps to follow.
Step-by-Step Guide for Real Estate Route
Step 1: Talk to Get Golden Visa Team and obtain new Turkish Tax ID numbers.
With no tax number the law won’t permit you to go on in the purchase of a home. Once you’ve got the tax number, you are able to open your bank account within the country. Our experienced team will guide you through the steps.
Step 2: Conduct a thorough research and identify the property you wish to purchase.
This is the stage where you’ll start all the documents.
Step 3: Collect documents
To invest on real estate you will need to get a certification of eligibility. It is issued only when you have been approved for Turkey citizenship through investment. For this, you must apply to the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
Step 4: Apply for your residence permits
An applicant must be a legal resident while applying for the visa. This is why you should apply for a 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 most expeditious process to obtain residency throughout the globe.
5. Submit the paperwork
After all of the paperwork has been done as checked by the professional hired then you can move to the next step: submitting your documentation (all required documents and forms for application) in the Provincial Directorate of Census and Citizenship.
All these steps can be easily done within 24 hours! Firstly, you don’t need to be present in the country to complete this. Additionally, even if have access to Turkey, you can finish it in the course of the day, drop off the documents, and then get back to your home with the title deed.
Celebration time: You will receive your passports within the next three to four months from the time you apply!
Our team of experts can guide you through your Turkey citizenship by investment.
Low Due Diligence
The Turkish real estate due diligence report is full report with all the details regarding the legal status of the property. It will let you know whether the property is subject to any lawsuits or debts, and can be purchased with confidence.
So, if you’re buying a property in Turkey the realtor will go to the Land Registry to verify and check your registration numbers. Also, any information regarding leasing and other obligations of the property will be verified.
Moreover the real estate firm will conduct due diligence to confirm whether the property’s plan is legal according to the local municipality. The specialist will also examine the construction permits issued by local authorities.
Tax consequences of citizenship in Turkey
Turkey doesn’t have any tax on the money you receiving from abroad. Furthermore, you’re not required to pay tax in Turkey in the event that you don’t remain there for more that six months. But, you must pay taxes on the income that is earned in Turkey.
For example, if you have rented out your property and you have to pay taxes. Taxes on property are paid in two installments every year.
The annual tax rate is 0.2 percent for houses and apartments. houses located within a metropolitan city such as Istanbul.
If your property is property with a value of 1,500,000TL, the owner is responsible for paying 3000TL in total per year. The first installment is due in May, and the next installment in November.
In addition, if selling your property then you must pay the tax accumulated from all previous years prior to making the transfer of the deed.
Personal income tax can be taxed up to 35% of income that is greater than TL110,000.
If you’re considering obtaining citizenship of Turkey it’s a good idea to contact a Turkish tax expert to find out more about the tax system.
Purchase of Property in Turkey
Turkey is not only one of the top locations for second-degree citizenship, however, it also has a extremely appealing real estate market, with high returns. The wide range of options for luxury and affordable, new construction and off-plan apartments, as well as renovated ones and villas, as well as resales of homes in Turkey is among the primary factors that drive the interest of foreigners to buy real estate there.
Property Prices in Turkey
Turkish real estate is an investment that is profitable. In Istanbul, the nominal worth of real estate can double every five to 10 years. The cost of housing in Turkey tend to increase by between five and 20% per year.
Based on September 2022 data:
The average price for residential properties in Istanbul is $130,000
The average price for homes for residential use in Ankara is $78,000.
The median price for homes for residential use located in Antalya is $113,000
Our real estate experts on Get Golden Visa can help to find the right property depending on your needs and assist you in the process of finding the best property and citizenship acquisition.
Dual Citizenship Turkey
Turkey allows dual as well as multiple citizenships, and no citizenship has been officially restricted.
Investors applying for Turkey citizenship through investing do not need to abandon their previous citizenship in their home country and obtain Turkish citizenship. This can be a big advantage for those who want to stay and work in their country of origin.
But, citizens of other countries will be exempt from some Turkish services such as military service that is mandatory.
Take note that prior to applying for Turkish citizenship, make sure your country of citizenship doesn’t hinder you from obtaining Turkish citizenship.
Turkish Passport Visa Free Countries
Turkey nationality gives you lots of advantages among them is that you are able to travel to many countries visa-free or by obtaining a visa upon arrival. People who have an Turkish passport have access to more than 110 countries across the globe. Some of these countries 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 able to enter 72 countries with no visa requirement, 35 countries with the visa you obtain upon arrival and three countries with electronically issued travel permits (eTA) that you may receive on the internet.
There are three ways to get into countries in which Turkish passports do not require a visa. These choices are listed below.
Visa-free entry: There is absolutely no need to obtain a visa.
Visa on arrival: You obtain the visa upon arrival in the country rather than having to apply for one in advance. Only travelers can apply to receive this kind of visa.
eTA: Three to five days before departure, you have the option of paying a fee in order to receive an electronic visa.
Another Way to obtain Turkish Citizenship
In addition to obtaining Turkey citizenship through investment There are many other ways to becoming a citizen, for example:
By marriage: If you’re married to an Turkey citizens, then you could be eligible for citizenship after three years
Through birth In the event that one of your parents are Turkish then you are eligible to be eligible for Turkish citizenship.
Employed by employment within the nation for five years in the terms of a contract, you could be considered to become a citizen.
By naturalization: After living in Turkey for five years, you will be eligible for Turkey nationality
For exceptional merit: If you have achieved outstanding results in sports, science, or other fields, you may be given Turkish citizenship
Other Alternatives for Turkey Citizenship through Investment
Other than Turkey citizenship through the investment program, numerous other European countries have also launched their respective citizenship programs. In fact, these programs are attracting a large number of investors. They are able to benefit from the economies. countries have benefited as never before, and international citizens are privileged to live the world-class life.
Most Frequently Asked Questions Regarding Turkish Passport for Investment
How much should I to invest to get Turkish citizenship?
The minimum amount of investment required to be eligible for a Turkish passport is $400,000. This is the sum you will invest from real estate investments. Up to 2022, this sum was $250,000.
In the case of other investment avenues starting from $500,000. If you are able to make the qualifying investment, you can anticipate obtaining your citizenship within three to four months.
Do I have the possibility of obtaining Turkish citizenship through the purchase of a house?
Yes, you are able to become an Turkish citizen by purchasing an apartment. In fact, it’s one of the most well-known routes under the Turkey citizenship through investment scheme. The condition is that the value of the property is 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 in exchange for investment, just as the majority of Golden Visa Countries do. So this can be considered as citizenship through investing. Investors eligible for citizenship can select their preferred investment method and begin the process. Turkey investor citizenship process can be completed within less than six weeks.
Can you get Turkish citizenship simple?
If done correctly, getting Turkey investor citizenship is easy. It is straightforward and straightforward. As long as you have the proper documents and have made the necessary investment then you will become a citizen in 3 to 4 months. Getting professional help will aid in the process.
Can a foreigner be a Turkish citizen?
Foreigners are allowed to be Turkish citizens. Turkey allows dual citizenship however you’ll also need to consult with your home country and see if it allows dual citizenship. Citizenship can be acquired through Turkey investor citizenship scheme or naturalization.
Does the Turkish passport sturdy?
Turkish passport is regarded as strong since it grants visa-free access to around 110 countries. With an Turkish passport, you are able to travel to many Asian countries without getting a visa. These include Thailand, South Korea, Japan as well as the Philippines. In addition, many south American countries, including Argentina as well as Venezuela accept Turkish passport holders without visa.
Is there a Turkey residency-by-investment scheme?
Turkey does not have a separate residency through investment program. It is possible to apply directly for the citizenship program and get your citizenship in Turkey, which will automatically translate into residency.
Do I have to speak Turkish if I get citizenship through an investment?
You don’t. Unlike many other programs, no prior knowledge of Turkish is needed to obtain Citizenship through investments.
What are the requirements for staying?
There is no stay requirement so you can leave the country and return without any restrictions.
Do I have to include my family in my application?
Yes, you can. Your spouse and children under 18 may be included as your dependents.
Do I have the option of selling the house in the next few years?
The homeowner must keep your home for a minimum period of three years. After this period is over, you can offer your house for sale in Turkey.
Prime Property Turkey
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