Turkish Citizenship by Investment
Turkey is a high-spirited country infused with history and culture catching everyone’s attention, combining modern and traditional elements. Turkey is home to impacting history with its historical structure. Foreigners have been investing in properties in Turkey for the benefits Turkish citizenship provides.
Turkey is a high-spirited country infused with history and culture catching everyone’s attention, combining modern and traditional elements. Turkey is home to impacting history with its historical structure.
Turkey attracts investors with its location, offering opportunities to foreigners by being a hub of culture and trade. Istanbul is the only city in the world that is dividing two continents, between Asia and Europe. Istanbul’s sparkling nightlife attractsforeigners all over the world.
What is Required for Turkish Citizenship by Investment?
To be suitable for Turkish citizenship by investment program, the foreigner must open a bank account and deposit USD 500,000 or equivalent foreign currency or Turkish lira. After USD 400,000 or more is invested in Turkish properties, all necessary transactions such as title deed purchase and cash proceeds are carried out.
According to the law, the property transfer is concluded after the official signed bills and registrations.
Secondly, foreigners must apply for a residence permit. Although you don’t have to be residing in the Republic of Turkey to get a Turkish passport, you are required to demand a residence permit, which the results are given the same day of application.
After receiving the residence permit, you can apply for citizenship. It does not require an interview or to be physically present in Turkey. You can allow someone else or a company for your application management by giving power of attorney. The documents required during the application through the procuration process are the original title or an official copy of the title deed with a notary confirmation.
Advantages of Investing in Turkey
Foreigners have been investing in Turkish properties since 2018 for the benefits Turkish citizenship provides. You can get citizenship to a second country where you can enjoy the mild Mediterranean climate, beautiful scenery with a high standard of living, visa on arrival, or visa-free travel to 111 countries. Along with investors, their spouses and children under 18 also obtain Turkish citizenship. They would be eligible for an E-2 investor visa in the USA for a renewable period of five years.
Booming Economy
The economy of Turkey is one of the strongest economies in the world. It has made a name for itself in the real estate market by drawing attention from Middle East citizens for having lower prices than other European countries.
Turkey is the biggest textile importer after Germany and Italy, and Bursa is the most important hub of the textile market. The tourist attraction also contributes to the Turkish economy as thousands of tourists every year visit Turkey to enjoy its beautiful history, tourist attractions, and activities.
Easy and Advantageous Investment Opportunities
Turkey has millions of investment opportunities. Out of all these investing opportunities, what attracts foreigners most in real estate is its opportunities and profits. The process is managed by our professional teams quickly and smoothly.
According to the law, you can start residing in Turkey as soon as you get the property deed and apply for your resident permit. You can give the property for rent because getting Turkish citizenship does not require you to stay in Turkey for the process. If you want, you can sell your property after three years.
Get Turkish Citizenship with DAQQA
We hope our article has helped answer the question of how to become a Turkish citizen. We are here to assist you with our professional and hardworking team.
Frequently Asked Questions About Turkish Citizenship by Investment
Can I acquire Turkish citizenship by purchasing real estate?
If foreigners purchase real estate worth USD 400,000 or more, they have the right to acquire Turkish citizenship through special procedures if they purchase real estate worth USD 400,000 or more. Foreigners must buy real estate worth at least USD 400,000 for this purpose.
What are the benefits of a Turkish residence permit?
Foreign investors can make personal or corporate level investments, establish a Turkish company and business, search for business opportunities, work and retire with government social security, health care, and pension, and sell or rent a home in Turkey.
Does Turkey give permanent residency?
Yes, if the foreigner meets some requirements, such as proving ownership of a property with sufficient financial resources.
Does Turkey allow dual citizenship?
Turkish law allows for dual citizenship. There are no provisions in Turkish law that require citizens born with dual nationality to choose one citizenship over the other when they reach the age of majority.
How long does it take to get a residence permit in Turkey?
It takes between 2-4 months.
