Turkish Citizenship By Investment

Turkish Citizenship By Investment

 Hand of woman taking keys from hand of real estate owner

Turkey introduced its Citizenship by Investment Program in 2018. The Turkish Government grants investors Turkish Citizenship in exchange for capital investment or the acquisition of immovable property.

Turkey is one of the most culturally rich countries in Eastern Europe and West Asia. It offers exceptional landmarks, historical sites, and magnificent natural sceneries. The country’s central location, cultural proximity to the Arab culture, and one-of-a-kind experience are all key factors that drive tourists as well as investors to Turkey.

Having said that, many families seek to obtain Turkish Citizenship through Investment to enjoy the countless benefits it has to offer them. Benefits of Turkish Citizenship include free education, full medical assistance, and visa-free travel.

Moreover, if investors choose to invest in a Turkish real estate property, they will be able to collect rental returns.

Turkish Passport

Turkey Citizenship by Investment program grants you the Turkish Passport within 3 to 4 months. Afterward, you will be able to use your Turkish Passport to travel visa-free to over 110 countries.

To obtain a Turkish Passport, you’ll have to make the necessary investment but you won’t have to fulfill any travel or residency requirements.

Your Turkish passport and citizenship are yours for life. You can pass them down to future generations by descent, allowing all family members to enjoy all the mentioned benefits.

The holder of the Turkish passport can travel to 72 countries without a visa. Turkish passport is ranked as 38th in the world and 18th in Europe and the holders can also travel to 46 countries that allow them to get a visa on arrival. There is also an online visa system of 7 countries, so passport holders can get visas via the internet.

Turkish Passport Visa Free Countries

As stated above, Turkish people can travel to 72 countries without a need for a visa.

Turkish passport visa-free countries

“Iraq, Libya, Morocco, Palestine, Jordan, Qatar, Tunisia, Albania, Antigua and Barbuda, Argentina, Bahamas, Barbados, Belarus, Belize, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Fiji, Gambia, Georgia, Guatemala, Haiti, Honduras, Hong Kong, Indonesia, Iran, Jamaica, Japan, Kazakhstan, Kosovo, Kyrgyzstan, Macau, Macedonia, Malaysia, Mauritius, Micronesia, Moldova, Montenegro, Nicaragua, Panama, Paraguay, Peru, Philippines, Saint Kitts and Nevis, St. Louis Sao Tome and Principe, Senegal, Serbia, Singapore, South Africa, South Korea, Saint Vincent, and the Grenada, Thailand, Reinada and Tarago, Ukraine, Uruguay, Vanuatu Venezuela, Uzbekistan, Mongolia, Macau, the Kingdom of Eswatini”.

visas on arrival

The countries that Turkish Passport holders can get visas on arrival are : Comoros, Bahrain, Kuwait, Lebanon, Sudan, Armenia, Azerbaijan, Cambodia, Cape Verde, Ivory Coast, Dominica, Guinea-Bissau, Madagascar, Maldives, Marshall Islands, Mauritania, Mozambique, Nepal, Palau, Samoa, Seychelles, Suriname, Taiwan, Tanzania, East Timor, Togo, Tonga, Tuvalu, Uganda, Zambia, Zimbabwe.

Benefits of Turkish Citizenship

  • A lifetime Turkey citizenship was granted in 6 months.
  • No minimum residency in Turkey is required.
  • Full medical assistance included.
  • Pension programs are available.
  • Free education and university reimbursement plans.
  • Turkey Passport allows visa-free travel to more than 110 countries.
  • Future access without a visa to EU and Schengen countries.
  • A solid investment with rental returns.

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QUALIFICATIONS

  • Principal applicants must be over the age of 18 to apply.
  • Dependent children must be below the age of 18 years.
  • Dependent parents are not qualified in the same application.
  • The applicant must hold a valid passport.
  • Applicants must not hold a criminal record.
  • The applicant must make the appropriate investment.

LEGAL BASIS

In September 2018, Turkey encouraged foreign investors to obtain Turkish citizenship through the following investments:

  • An investment in immovable property or properties summing the value was $250,000 then in June 2022 increased to $400,000 with a hold period of a minimum of 3 years (proven by the Ministry of Environment and Urbanization).
  • Make the minimum fixed capital investment of $500,000 in a Turkish Bank with a condition of no withdrawal for 3 years (Proven by the Ministry of Banking Regulation and Supervision Agency).
  • Make the minimum fixed capital investment of $500,000 in a Government Bond held for 3 years (Proven by the Ministry Treasury and Finance).
  • Make the minimum fixed capital investment of $500,000 in a real estate investment fund share or venture capital investment fund share with a hold period of 3 years (Proven by the Capital Markets Board of Turkey).
  • To create at least 50 local jobs (proven by the Ministry of Family, Labor,, and Social Services).
  • Make the minimum fixed capital investment of $500,000 proven by the Ministry of Industry and Technology.

Timeline and Procedure

  1. MMIP Real Estate does a preliminary check. File preparation begins and required documents are collected. Advisory and lawyer Fees are paid.
  2. Finalizing Property Purchase or Capital Investment.
  3. Finalizing of citizenship application.
  4. Invitation letter sent to the applicant for interview and handing of citizenship and passport.

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