As one of the world’s largest economies, Turkey has become an attractive destination for foreign investors. The Republic of Turkey has started the citizenship by investment program to encourage investors and attract more foreign capital to the country. In this blog post, we will examine in detail the process, conditions and advantages of becoming a Turkish citizen by investment in Turkey.
Basic Conditions of the Turkish Citizenship by Investment Program
In order to apply for the citizenship program by investment in Turkey, you have to fulfill certain conditions.
Here are the basic requirements for application:
The value of immovable properties in Turkey must be at least 250,000 USD.
You must buy government bonds worth at least 500,000 USD in Turkish lira.
You must purchase real estate investment fund participation shares or venture capital investment fund participation shares worth at least 500,000 USD in Turkish lira.
You must establish or take over an existing business that will employ at least 50 people.
Application Process and Required Documents
Candidates who want to apply for Turkish citizenship by investment should start the process by applying to the relevant public institutions in Turkey. When applying, you must prepare the following documents:
Application form
Passport and identity documents
Proof of investment made in Turkey (deed, investment fund certificate, operating documents, etc.)
Criminal record (obtained from a foreign country and translated into Turkish)
Residence permit or visa in Turkey
Certificate of residence
4 biometric photos
Process and Times
The process of applying for Turkish citizenship by investment can be completed quickly if all documents are submitted completely and accurately. Once your application is approved, you will receive a residence permit followed by a citizenship certificate. Generally, the process takes between 3 and 6 months. However, in some cases the process may take longer.
Advantages of Turkish Citizenship by Investment
There are many advantages of acquiring citizenship through investment in Turkey.
Here are some of these advantages:
As a citizen of the Republic of Turkey, you have the right to live, work and study in Turkey.
Turkish citizenship provides the opportunity to travel to visa-free or visa-exempt countries.
With Turkish citizenship, you have the right to buy, sell and rent real estate in Turkey.
Turkish citizenship provides the right to benefit from government services such as social security, health services and retirement in Turkey.
Turkish citizenship allows investors to benefit more from business and investment opportunities in Turkey.
Conclusion
Citizenship by investment program in Turkey offers great opportunities for foreign investors. Thanks to this program, investors have access to Turkey’s growing economy and wide investment opportunities, while at the same time having the right to live, work and travel as Turkish citizens.
As Karanfiloğlu Law and Mediation, we are here to guide you through the process of Turkish citizenship by investment. You can contact us and visit our website for more information about the program’s terms, application process and benefits.
