Get Turkish Citizenship: How to obtaining citizenship for foreigners?
Introduction:
Over the past years, many foreigners have been interested in
obtaining the Turkish Passport due to the easiness of the process as well as
the accompanied perks that come with it. For example, the Turkish Passport
allows its holders permanent residency in the country, visa-free access to 110
countries around the world, the opportunity to receive an E-2 business visa to
the United States, benefits of having dual Citizenship, and much more
merits!
There are several ways in which you can acquire Turkish
Citizenship, whether by real estate investment, residency, marriage,
establishing a business, or if you prove to have Turkish descent/ origin.
The easiest, most profitable way to obtain Turkish
Citizenship is through real estate investment... ever since the government
launched the program in 2017, thousands of foreign citizens from all over the
world have been granted the Turkish Passport; enjoying profits and residency in
the beautiful country. If you wish to join them, keep reading as we gathered
for you important aspects and requirements to get Turkish Citizenship through
real estate investment, from the required documents, critical changes in the
program, and other essential FAQs.
Documents required to get Turkish Citizenship through
Real Estate Investment
Any foreigner, except for Syrians, Cubans, Nigerians, South
Koreans, and Armenians, can apply to get Turkish Citizenship through real
estate investment according to Turkish Law. The process, like any other legal
regulation, requires specific documentation from the applicant; these include:
1.Standard Personal
Documents. Such as a completed application form, photocopy of the
Passport, photocopy of the birth certificate, personal photos, etc.
Confirmation of payment of the state's fees.
2.A police clearance
certificate. (A notarized permit for the processing of data by local
officials).
3.Official Documents that
confirm the implementation of investments: e.g., an assessment report, an
extract from a bank or investment fund, and constituent documents. An Official
Copy of the Tabu (The title deed of the purchased property), which proves your
ownership of one or more properties with a minimum worth of 400,000 USD.
4.Criminal background
check.
5.Medical report.
How much does it cost to get Turkish Citizenship?
The cost of a Turkish Passport depends on the method you're
choosing to acquire it, whether you decide to invest in a property, establish a
business, or deposit a certain amount of money in your Turkish Bank account. In
other words, the cost of a Turkish Passport can be summed up in the following
options:
- Buying real estate worth
400,000 USD.
- Depositing 500,000 USD for
three years.
- Purchasing securities in
the amount of 500,000 USD.
- Establishing a business
with a capital of 500,000 USD.
- Establishing a Business in
Turkey while creating 50 job opportunities.
How long is the waiting period to get Turkish
Citizenship?
In the general sense, this process varies from months to
years, depending on the method of application. The Turkish government agencies
concerned with Citizenship are the ones that determine the time period required
to obtain it. In the case of applying for Turkish Citizenship through real
estate investment, then when meeting all conditions of the programme,
Citizenship takes around three months maximum to be acquired.
Is it required for a person who requests Turkish Citizenship to live in Turkey?
No, the person requesting Turkish Citizenship is not
required to live in Turkey. However, it may be important for the person
requesting Turkish Citizenship to show that he knows about Turkey and is able
to live there, and this is clarified by showing the various certificates that
must be submitted upon request.
Does Turkey allow dual Citizenship?
Turkey allows dual Citizenship. If you are a citizen of a
country that allows dual Citizenship as well, you will have no problem
whatsoever with applying for the Turkish Passport through investment or any
other way...
However, suppose your country does not allow holding more
than one Passport. In that case, you must review the Turkish Embassy or your
nation's official agency to get comprehensive information.
What are the most critical updates of the Citizenship by
Investment Law in Turkey 2023?
The Turkish Citizenship by Investment law has had various
amendments over the past years where critical rules regarding the type of
property, investment's worth, and even type of currency has been altered. We at
Homes Bank Real Estate are always checking up on the laws and their vital aspects of
it. In this regard, we listed below three important changes to the Citizenship
by Investment programme that has been concerning our clients, which are:
If the real estate pre-sale pledge is used as part of the
"Citizenship for an Investment" programme, the investment of 400,000
USD must be pledged in only one contract. It doesn't matter how many properties
each such contract covers; the new amendment states that you can no longer
combine multiple pre-purchase contracts for citizenship applications. A
provisional property purchase agreement can no longer be combined with an
already-made property purchase.
Another amendment to the Citizenship by Investment Law
stated that with properties that are jointly owned by several investors; only
one investor is eligible to apply for obtaining Turkish Citizenship through the
program, even if the one applicant's share of the property is worth more than
400,000 USD; the program states that investors of any shared property are no
longer allowed to apply for acquiring Citizenship. For example, if two
foreigners purchase real estate worth 800,000 USD in equal shares (400.000 USD
for each), they will not be able to apply for Citizenship together.
One more interesting change in the Citizenship by Investment
program in Türkiye states that: the property intended to be purchased for
acquiring Turkish Citizenship must not be previously owned by a foreign
investor who obtained Turkish Citizenship through the program. It does not matter
whether the property you're wishing to buy was the one used in the programme or
not, as long as the previous owner participated in the program; none of their
property (s) can now be used for obtaining Citizenship.
You can learn more about the rights, laws, and
any other vital information regarding property ownership in Turkey by simply
contacting our experienced team. Reach out to Our Consultants at Homes Bank Real
Estate anytime, who will gladly help you get Turkish Citizenship through real
estate investment.