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It is now easy to find out how to get Turkish citizenship and calculate the costs.
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Turkey has become a popular destination among investors due to both its economic growth potential and strategic location. Turkey's Citizenship by Investment Program offers you and your family a second citizenship while making it possible for you to contribute to the country's thriving economy.
There are five different investment options for obtaining citizenship in Turkey. With the most popular option, real estate investment, you can qualify for Turkish citizenship by purchasing a property worth at least $400,000. Real estate prices in Turkey increase by 15% to 25% every year, making this option even more attractive.
Other investment options include:
Turkish citizens can obtain a 5-year C-2 Schengen visa. The visa allows citizens to stay in Schengen countries from 180 days to 90 days.
Turkish passport holders can visit 126 countries without a visa: Japan, Singapore, South Korea and other countries.
Investors can go to Turkey at any time, even if the borders are closed. This is very important in case of an emergency, political crisis, epidemic or a threat to the safety of family members.
Second citizenship gives the right to live, work, study and start a business in Turkey without restrictions.
Turkish citizens can obtain E-2 visas, which allow investors and their families to live and work in the US. The investor opens or purchases a business in the US to obtain a visa. There is no minimum investment amount defined, but applicants typically invest $100,000+ in a business project.
Investors with Turkish citizenship can obtain a В-1/В-2 visa to the USA. They apply and pass an interview at the US consulates in Turkey, for example in Istanbul or Ankara.
The investor can return the money by selling the investment property three years after obtaining citizenship in Turkey. There is no sale restriction.
For those participating in the citizenship by investment program, there is no need to take the exam or live in Turkey. The procedure for obtaining a passport takes a few months.
Spouses and minor children of investors can also obtain Turkish citizenship.
Applicants can buy real estate or securities, open deposits or invest in businesses to obtain Turkish citizenship. Some investments can be very promising: for example, the cost of Turkish residential property has risen nearly sixfold since 2015.
Turkey allows its citizens to hold more than one citizenship. Investors and their family members can keep their previous passports if other countries allow it.
Anyone over 18 years of age with no criminal record can obtain Turkish citizenship.
The Turkish program offers five investment options:
1. Purchase real estate – $400,000+
2. Commercial investments – $500,000+
3. Bank deposits – $500,000+
4. Purchase government bonds – $500,000+
5. Purchase units in a mutual fund – $500,000+
According to the Turkish Citizenship Law, the investment amount is determined in US dollars due to the volatility of the national currency.
95% of investors choose to buy real estate because prices in the Turkish real estate market are increasing by 15% to 25% annually. And in 2022, there was a price increase of 60-70% when counted in US dollars.
Investors can buy residential and commercial properties. A piece of land can be purchased if it has a building worth at least $400,000 or if a building permit has been issued. Shares are not allowed.
After three years, the property can be sold to anyone, but there is a catch: The buyer will not be able to apply for Turkish citizenship through investment.
One can buy several properties for a total price of $400,000 if one has a TAPU, a document proving ownership for each. If the TAPU still needs to be obtained, the applicant must provide a pre-sale agreement that includes all properties.
The investment amount does not depend on the investor's family structure.
Costs
Investor
Purchase of real estate
400,000 dollars
Related taxes and fees
14.000$+
Government fees under the citizenship program
$574 per family member
Invest in the capital of a Turkish company. Another option is to open your own company that will create at least 50 jobs. The investor can sell his stake in the business after three years.
The investor will be able to withdraw the money in their account after 3 years.
The investor can sell the units after three years. During the ownership period, the investor receives passive income.
It is now much easier to get Turkish citizenship in accordance with Turkish law, contact us immediately and let's discuss what we can do.