Turkey has been gaining popularity as an attractive destination for foreign investors seeking second citizenship through investment. The country’s Citizenship by Investment Program offers a relatively fast and affordable pathway to obtaining Turkish citizenship. It also offers a range of benefits that make it a desirable option for those seeking to expand their global mobility and access to international markets. In this article, we’ll explore the key benefits of Turkey’s citizenship-by-investment program, the requirements for eligibility, and how to obtain Turkish citizenship through this program.
Turkey’s Citizenship by Investment overview
Turkey has become a popular destination for individuals seeking citizenship through investment. The Turkish government offers a fast and straightforward process for foreign investors to gain Turkish citizenship. Individuals and their families can acquire citizenship by investing in the country, allowing them to live, work, and study in Turkey.
Turkey is an attractive location for investment due to its strategic location at the crossroads of Europe, Asia, and the Middle East. It has a thriving economy, with a highly-skilled workforce, a stable political environment, and a modern infrastructure. Additionally, the Turkish government offers several investment programs that provide opportunities for foreign investors to invest in various sectors, including real estate, industry, energy, and tourism.
The Turkish government has made significant efforts to attract foreign investment and has implemented several measures to facilitate the process of obtaining citizenship. These measures include the introduction of the Turkish Citizenship by Investment Program in 2017, which allows foreign investors to acquire citizenship by investing in the country. This program has been highly successful, attracting a large number of investors from around the world.
Turkey’s Citizenship by Investment key benefits
Turkey’s Citizenship by Investment program offers several key benefits for investors seeking citizenship, including:
1. Fast-track citizenship process: Investors can obtain Turkish citizenship in as little as 2–3 months, making it one of the fastest citizenship-by-investment programs in the world.
2. Visa-free travel: With Turkish citizenship, investors can enjoy visa-free travel to over 110 countries, including Europe’s Schengen Area, Japan, South Korea, and Singapore.
3. Business opportunities: Turkey’s strategic location between Europe and Asia offers unique business opportunities, making it an attractive destination for entrepreneurs and investors.
4. Tax incentives: Turkey offers several tax incentives for foreign investors, including tax exemptions on income earned outside of Turkey and reduced rates on personal income tax.
5. Family eligibility: The Turkish citizenship program allows investors to include their spouse and children under 18 in the application, providing a path to citizenship for the entire family.
6. Real estate investment options: Investors can choose to invest in Turkish real estate, including residential, commercial, and hotel properties, providing a valuable asset for their investment.
Turkey’s Citizenship by Investment program offers investors an efficient and attractive path to obtaining citizenship in a fast-growing country with unique business opportunities and access to visa-free travel.
To obtain Turkish citizenship through the investment program, applicants must meet certain requirements:
1. Minimum investment: This investment minimum real estate investment of $400,000; or a Bank deposit of $500,000 in a Turkish bank and maintained for a minimum of three years; or a Contribution of $500,000 to government bonds; or a minimum capital investment of $500,000 into a real estate fund share or venture capital investment fund share.
2. Holding period: The investor must hold the investment for a minimum of three years.
3. No criminal record: The applicant and their family members must have a clean criminal record.
4. Health insurance: The applicant and their family members must have valid health insurance.
5. Residency: The investor must maintain residency in Turkey for at least 180 days a year.
6. Financial resources: The applicant must have sufficient financial resources to support themselves and their family members during their stay in Turkey.
7. Background check: The applicant and their family members must undergo a background check.
It is important to note that these requirements may vary depending on the specific investment option chosen by the applicant. It is recommended to consult with a reputable immigration consultant or lawyer to ensure all requirements are met.
Process of obtaining Turkey’s Citizenship by Investment
Here is a general process for obtaining Turkish citizenship by investment:
1. Choose your investment type: There are several investment options available for obtaining Turkish citizenship, including real estate investment, capital investment, and government bond investment. Choose the one that best fits your needs and budget.
2. Make your investment: Once you have chosen your investment type, you will need to make the required investment amount. The minimum investment amount varies depending on the type of investment you choose.
3. Obtain a residence permit: After making your investment, you will need to obtain a residence permit in Turkey. You can do this by applying with a help of Empire Global with the necessary documents.
4. Apply for citizenship: Once you have your residence permit, you can apply for Turkish citizenship by investment. You will need to submit various documents and undergo a background check.
5. Receive your citizenship: If your application is approved, you will receive your Turkish citizenship and can enjoy all the benefits that come with it.