Turkish citizenship by investment
According to an official gazette in Turkey, the requirements for obtaining Turkish citizenship for foreign nationals have been facilitated.
Nowadays with technology, globalization and integrated economies, the entire world has become a global village. Simplifying your investment decision making in real estate and moving effortlessly between your home country and where your wealth is tied is what we do best.
Financial and investment criteria such as property ownership and bank deposits have become easier, which has provided easier conditions to create a job for Turkish citizens, thus one of them could qualify a foreigner for citizenship in Turkey.
In order to answer your question about Turkish citizenship, first the definition and the benefits of citizenship in Turkey will be presented and then the conditions required for obtaining Turkish citizenship will be explained.
Definition of Turkish citizenship
According to article 66 of the Turkish constitution:
- Everyone bond to the Turkish state through the bond of citizenship is a Turk.
- The child of a Turkish father or a Turkish mother is a Turk.
- Citizenship can be acquired under the conditions stipulated by law, and shall be forfeited only in cases determined by law.
- No Turk shall be deprived of citizenship, unless he/she commits an act incompatible with loyalty to the motherland.
- Recourse to the courts in appeal against the decisions and proceedings related to the deprivation of citizenship shall not be denied.
How to get Turkish citizenship
According to the new regulations published in Turkey’s official gazette, some amendments have been made to the criteria of obtaining Turkish citizenship and foreigners can get obtaining Turkish citizenship if they meet one of the following requirements:
So the new facilitations provide a great opportunity for foreign investors to invest in Turkey, while they make it all easier and cheaper to buy a property in Turkey.
- Investment in a Turkish company worth at least $500,000 (down from $2 million)
- A deposit of $500,000 in a Turkish bank (down from $3 million)
- Employment of at least 50 Turkish workers in a company owned by the applicant (down from 100 workers)
- Investment in real estate worth at least $250,000 (down from $500,000)
So the new facilitation provide a great opportunity for foreign investors to invest in Turkey, while they make it all easier and cheaper to buy a property in Turkey.
Advantages of Turkish Passport
As another advantage of obtaining Turkish passport or Turkish exporters passport, it is worth mentioning that you are not required to declare your assets or income that you currently have in other countries when you apply for citizenship in Turkey. Also, to be eligible for Turkish citizenship, you do not have to have lived continuously in Turkey for a certain period of time. You can continue to live abroad while applying for citizenship in Turkey as soon as you get the residence permit.
Holders of ordinary Turkish passport can travel to many countries and territories with visa-free, visa received upon arrival or issue electronic visas upon online application. As of May 2018, Turkish citizens had visa-free or visa on arrival access to 111 countries and territories, ranking the Turkish passport 49th in terms of travel freedom.
Moreover, all investment-based citizenship programs allow the investors to bring their spouse and children to Turkey with them.
Turkish citizenship by investment
You always encounter questions like “How do I get a Turkish investment visa?” Or “How to get Turkish citizenship right in return for investment in Turkish property?” In fact, this is not a very complicated matter, but we should remind that many people get disconcerted while they are in the process of getting such privileges.
Property investment in Turkey
Turkey, with its small and large cities, is one of the best options for buying property and investing in its real estate. You can choose your desired city according to your purpose and your interests.
Commercial city, tourist city or entertaining one, what kind of city are you looking for? Whichever of these options that be a priority, you should know that buying property in Istanbul, Antalya, Ankara, Izmir, Alanya, Bodrum and many other Turkish cities will be possible. Having a property in Turkey for you will no longer be a dream as a significant number of people are investing and buying real estate for a residence and citizenship right.
Property prices vary from one city to another one. It depends on the city you are looking for, the zoning and the facilities provided. For example, Istanbul, which is considered as one of the Turkish dream cities, includes many areas: areas close to the main markets, areas close to the sea, quiet residential areas, island areas and many other areas which are debatable at the customer’s request.
Mediterranean Homes Group helps you buy a property through investment-based citizenship programs from the beginning until you get your Turkish passport.
Here at Mediterranean Homes Group, our skilled professionals are eager to answer all your questions about a Turkish citizenship by investment. They will outline the advantages of Turkish citizenship through investment programs and walk you through each step so that you know the exact condition of the process.
Frequently Asked Questions
How long does investment-based citizenship process take?
Once after the investment is made and post-investment works are done, it usually takes around 3-6 months to obtain Turkish citizenship and Turkish Passports for you and for your family members.
Should I buy one property or it can be multiple above $250,000?
Not necessarily one property should be bought. The total value of the properties you are purchasing must be at least $250,000.
Can my family acquire citizenship with me at the same time?
All investment-based citizenship program allow the investors to bring their spouse and children (under the age of 18) to Turkey with them.
Does my pre-purchased property will be counting in this process?
No, only the property purchased after 20.09.2018 will be included in the investment-based citizenship program.
Do I get resistance permit during the application process?
Yes, a residence permit will be provided for you and your family.
Which nationalities can apply for Turkish citizenship?
All nationalities who are allowed to purchase property in Turkey, may apply via investment-based citizenship program.
Does it allow to have dual citizenship in Turkey?
Yes, and since Turkey allows dual citizenship, you can maintain your original nationality.
Which Organizations are in charge of investigating applicant’s citizenship request?
A committee of representatives from the ministry of Interior, treasury, finance, environment, urban development, labor, social and family services, industry and technology will be formed to monitor and follow up on applicants for Turkish citizenship.
Got a question? We’d love to hear from you.