Feb 5, 2023

Turkish Citizenship by Investment: All the Required Documents

In light of global transformations and increasing interest in obtaining another nationality as a means of expanding opportunities and enhancing personal freedoms, Turkey has become one of the first destinations in this field, through the program for obtaining Turkish citizenship by investment. Investing in Turkey is one of the most effective ways to obtain citizenship, and is a topic that is seeing increasing interest from international investors looking to improve their legal and economic situation and obtain a strong passport.

In this context, this article highlights how to obtain Turkish citizenship through investment, and how this option can open a new horizon for individuals and their families, focusing on the opportunities and challenges associated with this exciting topic.

Ways to obtain Turkish citizenship by investment

There are several ways to obtain Turkish citizenship, but obtaining Turkish citizenship through investment is the best and fastest way. The Turkish Investment Law allowed foreign investors to obtain Turkish citizenship through investment in Turkey, by owning a property in Turkey worth 400 thousand US dollars, according to the latest amendments to the Law on Obtaining Turkish Citizenship for the year 2023. It is worth noting that only a few years ago it was possible to obtain Obtaining Turkish citizenship through real estate investment worth only 250 thousand US dollars.

The second method is through a bank deposit of 500 thousand dollars or more, within one of the Turkish banks operating in Turkey, provided that the deposited amount is not withdrawn for a minimum of three years. The third way is to obtain Turkish citizenship by investing in human resources by employing 50 Turkish citizen workers. The fourth method is to buy government bonds worth 500 thousand US dollars and also keep them for 3 years. The fifth method is to obtain Turkish citizenship through a fixed investment of no less than 500 US dollars.

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Turkish passport 2024

Before we go further into obtaining Turkish citizenship by investment, we will talk a little about the Turkish passport. At the beginning of 2024, the Turkish passport ranked 35th in the world. What is striking is that not long ago, the Turkish passport ranked 50th in the world, but the great economic renaissance undertaken by Turkey and the strong and fruitful development projects and plans led to great results in a short time, so the ranking of the Turkish passport changed significantly and noticeably. This is what made the Turkish passport the focus of attention for many, as the Turkish passport enables its holder to enter 70 countries without visa. Its holders can also access more than 51 countries and obtain a visa upon arrival. In addition to easy entry to 26 countries in the Schengen Area.

Turkish citizenship advantages

Foreign investors who obtains Turkish citizenship by investment enjoys the same rights as any Turkish citizen, and can also obtain a long-term passport that only needs to be renewed once every 10 years. Turkish law allows dual citizenship and therefore no one will have to give up their original citizenship. The Turkish passport also provides the right to enjoy free health and educational services for Turkish citizens.

One of the important points for many who are concerned about transactions within government departments is that there is no fear or worry in this regard because the Turkish government provides the necessary facilities that contribute to the speedy issuance of passports from Turkish citizens, as the Turkish passport is issued within only 90 days.

Documents required to obtain Turkish passport:

It is very important to know the documents required to obtain Turkish citizenship by investment. If you are asking which type of investment is better, it is real estate investment of course. Therefore, preparing these documents shortens the duration of the citizenship application process. These documents or paper are:

A copy of the Tabu (title deed for the property that was purchased), or a contract promising to sell at a notary public.
A valid real estate appraisal report, noting that the validity period of real estate appraisal reports is 3 months.
Original payment receipts from the buyer's account, stamped with a live seal from the sending bank.
Original receipts from the seller's account, stamped with a live seal from the receiving bank.
Two copies of the power of attorney for the citizenship application, given by the investor to the legal team for submission.

Procedures of obtaining Turkish passport

The Turkish government has identified specific methods for obtaining citizenship by investment, according to specific criteria that must be taken into account. These stages and procedures are:

Applying for the concerned authority according to the chosen investment category to obtain a certificate of eligibility that will enable to complete the applications.
Obtain the required documents, apply for a residence permit, and submit these documents to the competent directorate of immigration management for the state in which he/she intends to reside.
Submitting the citizenship application and the required documents and documentation to the state’s Directorate of Population and Citizenship Census, and the citizenship application is then submitted for approval by the General Directorate of Population and Citizenship Affairs.

After obtaining citizenship by investment, you can apply for a Turkish passport through:

Book an in-person appointment.
Pay for the value of the Turkish passport through Ziraat Bank.
Four biometric photos with a white background.
The passport will be sent to your address within a maximum period of 20 days.

Other ways to obtain the Turkish passport

In addition to obtaining Turkish citizenship by real estate investment and other types of investment, Turkish citizenship can be obtained through the following methods:

The Turkish passport is issued in the following ways:

Having a work residence permit for a period of 5 continuous years.
Getting married to a Turkish citizen.
Having Turkish origins.
Some other special and exceptional cases.

At the conclusion of this exciting article that talks about the opportunities to obtain Turkish citizenship by investment, this option stands out as a unique means for investors seeking to expand their horizons and freedom to travel. The value of this investment lies in the wonderful balance between the attractiveness of the vibrant Turkish market and the diverse investment opportunities, and the possibility of benefiting from the benefits of Turkish citizenship.

Investors' acquisition of Turkish citizenship by investment is an invaluable step towards expanding their personal and professional horizons, and providing a new horizon for his future and his family members.

In the end, this investment appears as an interesting opportunity that expresses the uniqueness of Turkey as an investment destination that attracts investors with effective means and incentives. It is not just legal residency, but rather an open door to many new opportunities and distinctive experiences, which makes obtaining Turkish citizenship by investment an inspiring option for those seeking uniqueness and development.

If you would like to know more about obtaining Turkish citizenship by real estate investment, do not hesitate to contact us via WhatsApp, here. The real estate consultant will contact you immediately.

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