The Turkey Citizenship by Investment Program was launched in January 2017 to attract direct foreign investments and boost growth in the country’s real estate sector. The program allows applicants to choose from a number of different types of economic contributions to Turkish society, thereby developing the country’s economy.
With the city of Istanbul embracing Europe and Asia on the Bosphorus Strait. Turkey is a transcontinental Eurasian country. Its location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance.
The new Turkish regulation which was declared on 18 September 2021, the Republic of Turkey grants citizenship to foreigners who purchase a real estate asset with a minimum amount of $250.000 USD (or Turkish Lira equivalent) free of charges and encumbrances. and hold onto for at least 3 years.
No need to wait for the 3 year investment period before making the citizenship by investment application, the application will be immediately submitted after property is registered in the name of the investor/ applicant.
The Turkish citizenship is also granted to the spouse of the investor and children below 18 years old. So all the family members can enjoy the mentioned below benefits of holding the Turkish citizenship
Right to reside in Turkey.
No requirement for the applicants to reside in Turkey for a minimum period of time.
Right to work in Turkey without limitations
Right to sell the property after 3 years period.
Allows multiple citizenship.
Visa-free or visa-on-arrival access to 110 destinations including Hong Kong, Japan and Singapore.
Simple visa applications to many countries
Future access without visa to EU. 26 Schengen Zone Country.
Eligibility for an E-2 Investor Visa in the USA for a five-year renewable period.
In order to qualify for Turkey citizenship by investment program, the principal applicant
Besides, the individual requires the following documents to be eligible for the program
How can SHAH & ASSOCIATES Help You?
With more than 3 decade experience in the Immigration industry and specialized in Citizenship by Investment Programs in Canada, USA, and Portugal, Shah & Associates will handle the full process on your behalf until you and your family members become Turkish citizens.
We will provide full assistance by:
• Preparing the promissory agreement. Providing legal advice for the real estate investment implications
• Applying for VAT exemption document, when applicable
• Appraisal Report
• Obtaining Tax ID number
• Opening a Bank account in a Turkish Bank
• Title Deed exchange
• Annotation in the Title Deed
• Certificate of Conformity application
• Preparation and submission of the Residence Permit Application
• Tax Payments
• Submission of Citizenship Application for the investor and family members
• Translation and notarization of foreign documents