Turkish Citizenship: Get It with $400,000 Real Estate Investment
Obtaining Turkish citizenship has become more accessible for foreign investors. By investing $400,000 in Turkish real estate, you can secure Turkish citizenship for yourself and your family. This article details the benefits, process, and requirements for the Turkish Citizenship by Investment (CBI) program.
What is the Turkish Citizenship by Investment Program?
The Turkish Citizenship by Investment program allows foreign nationals to acquire Turkish citizenship by making qualifying investments. According to the 106th Presidential Order, one of the primary ways to qualify is by purchasing real estate worth at least $400,000. The investment must be maintained for a minimum of three years.
Why is this program attractive?
The program is designed to attract foreign capital and enhance the real estate market in Turkey. It provides a straightforward path to citizenship, offering investors the benefits of living and doing business in Turkey without the usual bureaucratic hurdles.
What are the qualifying investment options?
Real Estate: Buy property worth at least $400,000.
Business Investment: Invest at least $500,000 in a Turkish company.
Bank Deposit: Deposit $500,000 in a Turkish bank for three years.
Employment Creation: Employ at least 50 people in Turkey.
Government Bonds: Buy government bonds worth at least $500,000.
How Does the Turkish Citizenship by Investment Process Work?
The process involves several steps, each requiring specific actions and documentation. Here’s a detailed breakdown:
Step 1: Eligibility Certificate
After purchasing the property, the investor’s attorney applies for an Eligibility Certificate from the Turkish government. This certificate confirms that the investment meets the program’s requirements.
Step 2: Investor’s Residence Permit
The investor’s attorney then applies for a residence permit, which is a prerequisite for the citizenship application.
Why is this necessary?
The Eligibility Certificate ensures that the investment is valid and qualifies the investor for the citizenship application. This step prevents any future disputes regarding the legitimacy of the investment.
Why is a residence permit required?
A residence permit is necessary to legally reside in Turkey during the application process. It also demonstrates the investor’s intent to reside in Turkey, which is a crucial factor for the citizenship application.
Step 3: Document Procurement
During this period, the investor gathers necessary documents such as passport copies, birth certificates, and marriage certificates, with the assistance of their attorney.
Step 4: Citizenship Application
The attorney submits the citizenship application on behalf of the investor and their family. Once processed, the investor is notified of the successful application.
Passport copies for all applicants
Birth certificates
Marriage certificate (if applicable)
Biometric photos
Family status certificate
Power of attorney
What happens during this step?
The application is reviewed by Turkish authorities to ensure all requirements are met. This includes verifying the investment, checking the provided documents, and ensuring compliance with Turkish laws.
Step 5: Obtaining Turkish ID and Passport
Upon approval, the investor can apply for a Turkish ID card and passport.
Why is this step important?
Obtaining a Turkish ID card and passport grants the investor full rights as a Turkish citizen, including the ability to travel, work, and live in Turkey without restrictions.
Why are these documents necessary?
These documents ensure that the application is legitimate and that all family members are correctly identified and included.
The Apostille stamp, as per the La Hague Convention, is necessary for these documents to be recognized in Turkey.
What are the Benefits of Turkish Citizenship by Investment?
Turkish citizenship offers several advantages:
Visa-Free Travel Turkish passport holders enjoy visa-free or visa-on-arrival access to over 110 countries. This makes travel more convenient and eliminates the need for lengthy visa applications.
Business Opportunities Investors can freely conduct business and make investments in Turkey. This opens up numerous opportunities in one of the world’s rapidly growing economies.
Residency The investor and their family can live, work, and study in Turkey without additional permits. This provides a stable and secure environment for families.
Dual Citizenship Turkey allows dual citizenship, enabling investors to retain their original citizenship. This offers flexibility and security for international business and personal travel.
Can I Buy Multiple Properties to Qualify for Turkish Citizenship?
Yes, investors can purchase multiple properties, provided the total investment equals or exceeds $400,000. Each property must meet the eligibility criteria set by the Turkish government.
Why is this option available?
This flexibility allows investors to diversify their investments and choose properties that best suit their needs and financial goals. It also enables them to invest in different regions or types of real estate, such as residential and commercial properties.
Investing $400,000 in Turkish real estate offers a streamlined path to Turkish citizenship. The process, while straightforward, requires careful attention to detail and compliance with legal requirements. Engaging a specialized Turkish citizenship lawyer can facilitate a smooth and successful application process. Secure your future in Turkey today by exploring the Turkish Citizenship by Investment program.