Buy a real estate worth $ 400,000
* with a deed restriction not to sell for 3 years
Deposit $ 500,000 cash in Turkish banks
* with a condition not to withdraw for 3 years
Buy government bonds worth $ 500,000
* with a condition not to sell for 3 years
Buy shares worth $ 500,000 in Turkish REITs or VCTs
* with a condition not to sell for 3 years
Make $ 500,000 fixed-asset investment
Hire 50 Employees
OPEN A BANK ACCOUNT
As part of the requirements, the investor is obligated to open an account in a Turkish bank under their name.
MAKE YOUR INVESTMENT
Execute the necessary investment transactions (i.e. real estate title deed transfer, cash deposit, government bond/share purchase etc.)
APPLY FOR RESIDENCE PERMIT
Applicants must possess a valid residence permit when applying for citizenship. However, permit holders have the freedom to reside abroad for as long as they desire while maintaining their citizenship eligibility.
APPLY FOR CITIZENSHIP
Once your residence permit is approved, you have the option to apply for citizenship immediately. The application process does not necessitate physical presence or an interview.
BECOME CITIZEN WITH YOUR FAMILY
Your spouse and children under 18 years old can acquire citizenship together with you at the same time.
NO WEALTH DECLARATION
During the citizenship application process, there is no requirement to disclose assets or income held in other countries.
NO NEEDTO BE A PERMANENT RESIDENT
You do not have to have lived continuously in Turkey for a certain period to become eligible for citizenship. Once you obtain the residence permit, you can maintain your overseas residence and initiate the citizenship application process.
REPATRIATE YOUR INVESTMENT
After holding your investment for 3 years, you can cash out your investment and repatriate the funds along with its proceeds (i.e. rental income, interest etc.) free of exchange control restrictions.
At present, Turkish citizens can travel to 102 countries without the burden of undergoing a complex visa application procedure. Vast majority of these countries allow Turkish citizens to stay 30 to 90 days without any visa requirement while some countries grant visas upon arrival or issue electronic visas upon online application.
The Visa Liberalization Dialogue, initiated in 2013 between Turkey and the EU, aims to eventually provide Turkish citizens with visa-free travel rights to Schengen countries. Once this goal is accomplished, an additional 26 European countries will be included in the existing list of 102 countries where Turkish citizens can already travel without restrictions..
NOTABLE VISA-FREE COUNTRIES
BOSNIA AND HERZEGOVINA
Will my citizenship automatically be granted when I fulfill the conditions and lodge my application ?
No, citizenship is not automatically granted upon fulfilling the conditions and submitting the application. The approval of citizenship is subject to the verification process conducted by national security units to ensure that the applicant does not pose any threat to national security.
Which of my family members can get Turkish citizenship ?
Regarding family members, your spouse, children under 18 years old, and children over 18 years old who are dependent on you due to a medical condition can also obtain Turkish citizenship alongside you.
Is there any requirement to be fulfilled by my family members ?
Your family members who wish to acquire Turkish citizenship must hold a valid residence permit at the time of their citizenship application.
Do I have to wait for 3 years to become a Turkish citizen ?
No, you do not have to wait for 3 years to become a Turkish citizen. You can apply for citizenship as soon as you obtain the residence permit and become a citizen before the completion of the mandatory 3-year investment holding period.
Do I have to renounce my current citizenship when I become a Turkish citizen ?
No, you do not have to renounce your current citizenship when you become a Turkish citizen. Turkish laws allow for dual or multiple citizenship.
What types of real estate can I buy ?
You can purchase various types of real estate, including residential and office units, buildings, and land, with certain restrictions in place. For example, the property should not be located in a military restricted zone.
Can I buy more than one piece of real property, the total value of which exceeds $ 400,000, instead of buying one ?
You can buy multiple real property worth $ 400,000 in total, provided that the title deed transfer process of each property is initiated on the same date under one request.
How long does it take to obtain Turkish citizenship through the citizenship by investment program?
The timeframe to obtain Turkish citizenship through the citizenship by investment program can vary. On average, the process takes around 3 to 6 months. However, it's important to note that the duration can be influenced by factors such as the completeness of the application, background checks, and the efficiency of the reviewing authorities. Working with experienced professionals who specialize in the program can help streamline the process and ensure a smoother and more efficient application.
What taxes do I pay when I buy a real estate ?
There are two important taxes arising from a property sale. (I) Transfer tax, and (II) Value Added Tax (VAT).
The transfer tax rate is 4% of the sale price. However, the government frequently reduces the rate for temporary periods to promote the market. Currently, the rate has been reduced to 3% until the end of October 2018.
In principal, the seller and the buyer shares the transfer tax burden equally. In practice, however, the buyer usually pays the entire tax amount.
VAT is paid by the buyer and is applicable if the seller is a business entity. However, foreign investors are exempt from paying VAT if the following conditions are met together:
The VAT rate is 18% for all sales that are not in scope of the above exemption, (e.g. land sales, second-hand property sales)
VAT is not applicable if the seller is a real person.
Turkey can grant Citizenship to foreigners, through the ‘Citizenship by Investment’ programme. Investors are able to obtain Turkish Citizenship, when they invest here and meet with the desired conditions. So, what are the benefits of obtaining Turkish Citizenship?
Benefits of Obtaining Turkish Citizenship
Turkey is a modern country that boasts cultural riches, historic treasures and breathtaking scenery. Millions of tourists and visitors come to Turkey every year. It is located between Asia and Europe, so Turkey is the host of many different cultures. Obtaining Turkish Citizenship allows you the freedom to benefit from all that this wonderful country offers. Other advantages include:
• Health Service
When you become a Turkish Citizen, you can benefit from the countries healthcare system free of charge. The healthcare system in Turkey is of high quality and is free for the citizens of the country.
• Turkish Passport
The Turkish Passport is one of the strongest Passports in the world. On receiving your Citizenship, you can travel to more than 110 countries without needing a Visa.
Education is free in Turkey. There are different State Universities that are widely admired due to their high standards of education. Your children are allowed to study at these Universities for free. It is widely known that students from many countries have to pay large fees for University education in their own countries. However, quality education in Turkey is completely free, proving that Turkish Citizenship is also advantageous in terms of education.
• Business relationships
Turkey has strong commercial relations with numerous countries, within many sectors. When you become a Turkish Citizen, you are also able benefit from these ties, which may change your business relations in a positive way.
• World Citizenship
If you have a goal of becoming a World Citizen, you can get one step closer by obtaining Turkish Citizenship.
• Unlimited Sessions
When your Citizenship is received, you have the right to unlimited Residency in Turkey. You can settle in one of the most beautiful parts of the world.
When you become a Turkish Citizen, you can retire when you meet with the necessary conditions according to Social Security Law. Thereafter, you are entitled to receive a Turkish pension.
These benefits also apply to your spouse and children.
There are different ways to obtain Turkish Citizenship through investment. Among these, agricultural land investment is the most attractive, with the advantages it provides. An agricultural land investment, over a certain financial amount, can permit you to apply for Turkish Citizenship.
The land you purchase, within the scope of agricultural land investment, will appreciate over time. In addition, you will generate a generous income through the sale of the products that are cultivated. Agrolidya professional agricutural management services, will help you purchase your land, cultivate your produce and sell that produce with a sale guarantee. Agricultural land continues to produce a high yield income for the investors, without them having to actively farm their land.
You can contact us for detailed information on the subject, or to start the process of purchasing your own personal agricultural land in Turkey.
An Opportunity for Global Investors
The Turkish Citizenship by Investment Programme has gained significant attention in recent years. This program offers foreign investors the opportunity to obtain Turkish citizenship by making specific investments in the country. With a range of investment options, including real estate investment funds, venture capital investment funds, and job creation, this programme provides a pathway to Turkish citizenship for those seeking new opportunities. In this article, we will explore the various investment options, job creation requirements, and the benefits of participating in the Turkish Citizenship by Investment Programme.
Investment Options: The Turkish Citizenship by Investment Programme offers several investment options to meet the diverse needs of potential investors. One such option is the real estate investment fund share. By investing a minimum of $500,000 in a Turkish real estate investment fund, foreign individuals can become eligible for Turkish citizenship. This investment option not only provides a secure and profitable investment opportunity but also opens the door to Turkish citizenship.
Another investment option is the venture capital investment fund share. With a minimum investment of $500,000 in a Turkish venture capital investment fund, foreign investors can participate in the Turkish Citizenship by Investment Programme. This option allows investors to support innovative startups and contribute to the growth of the Turkish economy while obtaining citizenship benefits.
Job Creation: In addition to the investment options mentioned above, the Turkish Citizenship by Investment Programme also emphasizes job creation. Foreign investors can create employment opportunities in Turkey and contribute to the country's economic development. By generating at least 50 jobs, investors can become eligible for Turkish citizenship through this program. The job creation requirement ensures that the programme benefits the local economy by promoting employment and stimulating growth.
Benefits of Turkish Citizenship: Participating in the Turkish Citizenship by Investment Programme offers numerous advantages to global investors. Firstly, Turkish citizenship provides visa-free or visa-on-arrival access to over 110 countries, including the European Union, making it a valuable travel document for international mobility. Furthermore, Turkish citizens enjoy rights and privileges such as access to high-quality education and healthcare services.
Additionally, Turkish citizenship offers a gateway to the dynamic Turkish market, providing investors with access to a population of over 80 million people and a strategic location bridging Europe and Asia. With a vibrant business environment and numerous investment opportunities, Turkey serves as an attractive destination for entrepreneurs and investors looking to expand their global footprint.
The Turkish Citizenship by Investment Programme presents an enticing opportunity for global investors. With investment options such as real estate investment funds and venture capital investment funds, individuals can secure Turkish citizenship while enjoying potential financial returns. By creating jobs and contributing to the Turkish economy, investors not only benefit themselves but also promote growth and development in the country. Turkish citizenship opens doors to visa-free travel, access to quality education and healthcare, and the vast Turkish market. For those seeking new horizons, the Turkish Citizenship by Investment Programme is a gateway to a world of opportunities. Invest in Turkey and reap the rewards of citizenship.
The Turkish Citizenship by Investment Programme has emerged as an attractive option for global investors seeking to diversify their portfolios and gain access to new opportunities. With the Turkish lira as a prominent currency and investment options such as real estate investment fund shares or venture capital investment fund shares, this programme offers a pathway to Turkish citizenship. In this article, we will delve into the significance of the Turkish lira, explore the citizenship-by-investment options, and discuss the investment threshold of $500,000 or venture capital investment fund shares.
The Power of the Turkish Lira: The Turkish lira, abbreviated as TRY, holds a pivotal role in the Turkish Citizenship by Investment Programme. As the official currency of Turkey, the lira plays a crucial role in various investment transactions and economic activities. Its stability and potential for growth make it an appealing currency for investors looking to participate in the programme. By leveraging the strength of the Turkish lira, investors can seize the potential for financial gains while fulfilling the requirements for Turkish citizenship.
Turkey Citizenship by Investment: The Turkish Citizenship by Investment Programme offers a streamlined pathway for foreign investors to obtain Turkish citizenship. With the programme, investors can make strategic investments in Turkey and become eligible for citizenship benefits. The investment options include real estate investment fund shares or venture capital investment fund shares.
Real Estate Investment Fund Share: One of the investment options available under the Turkish Citizenship by Investment Programme is the real estate investment fund share. By investing in Turkish real estate through a fund with a minimum amount specified by the program, investors can pave their way to Turkish citizenship. This investment option allows individuals to tap into the thriving Turkish real estate market while aligning with the requirements of the programme.
Venture Capital Investment Fund Share: Alternatively, investors can choose to invest in venture capital investment fund shares to qualify for Turkish citizenship. With a minimum investment threshold of $500,000 or venture capital investment fund shares, individuals can support promising Turkish startups and contribute to the growth of the country's entrepreneurial ecosystem. This option not only provides an opportunity for potential financial returns but also aligns with the spirit of innovation and economic development.
The $500,000 Investment Threshold: To meet the requirements for Turkish citizenship under the Citizenship-by-Investment Programme, individuals can opt for a direct investment of $500,000 or venture capital investment fund shares. This investment threshold ensures that participants contribute significantly to the Turkish economy while gaining the privilege of citizenship. The flexibility of choosing between direct investment or venture capital investment fund shares provides investors with options that suit their preferences and risk appetite.
The Turkish Citizenship by Investment Programme, powered by the strength of the Turkish lira, presents an enticing opportunity for global investors. By strategically investing in real estate investment fund shares or venture capital investment fund shares, individuals can unlock the potential for financial growth while gaining access to Turkish citizenship. The investment threshold of $500,000 or venture capital investment fund shares offers flexibility, allowing investors to tailor their investment approach according to their goals. Embrace the power of the Turkish lira, seize the opportunities it presents, and embark on a journey towards Turkish citizenship through the Citizenship-by-Investment Programme.