Turkey citizenship by investment

Turkey

Citizenship by investment

Turkey Investment Programs

Turkey Citizenship by Investment offers a range of investment pathways to obtain Turkish citizenship:

Real Estate Investment: Investors can choose to invest in qualified real estate projects, including residential and commercial properties. The minimum investment is $250,000, and the property must be held for at least three years.
Capital Investment: Investors may opt for capital investments, such as purchasing Turkish government bonds or depositing funds into Turkish banks. The minimum investment amount for this option is $500,000.
Job Creation: Another avenue involves creating jobs for Turkish citizens. This option typically requires employing a minimum number of Turkish nationals and maintaining this workforce for at least three years.

Benefits of Turkey Citizenship

Gaining Turkish citizenship through investment comes with a plethora of advantages:

Visa-Free Travel: Enjoy visa-free entry or obtain a visa for more than 110 destinations, including Hong Kong, Japan, and Singapore.
USA E-2 Visa: Turkish citizens may apply for an E-2 Investor Visa in the USA, which can be renewed for a five-year period.
Citizenship for Family Member: Secure full citizenship for both the applicant and their family members.
Climate: Gain citizenship in a country with a delightful Mediterranean climate, stunning landscapes, and a high quality of life.
Economic Opportunities: Turkey's thriving economy offers a diverse range of sectors for investment and business growth, including manufacturing, tourism, and technology.
Cultural Heritage: Immerse yourself in Turkey's rich cultural heritage, from the ancient wonders of Istanbul to the stunning landscapes of Cappadocia.
Strategic Location: Turkey's strategic position at the crossroads of Europe and Asia makes it a vital hub for trade, connecting markets and opportunities.

Timeframe for Processing

The processing timeframe for Turkish citizenship by investment is known for its efficiency. Typically, applicants can expect their applications to be processed within a 4 - 6 months, making it a relatively swift pathway to Turkish citizenship.

Procedure of Obtaining Turkey Citizenship by Investment

The procedure involves several key steps:

Initial Application: Applicants gather and submit all required documents, including proof of investment and personal records.
Due Diligence: In-depth background checks are conducted to evaluate the applicant's eligibility and compliance with Turkey's citizenship laws.
Investment: Applicants make the required investment in accordance with their chosen program and adhere to the specific terms and conditions.
Citizenship Approval: The application undergoes a thorough review process, and upon approval, the applicant is granted Turkish citizenship.

Requirements needed to obtain Turkey Citizenship by Investment

To qualify for Turkey Citizenship by Investment, applicants must meet specific criteria:

Make the required financial investment or capital investment, or create jobs as per the selected program.
Maintain the investment or workforce for the specified period.
Have no criminal record.
Demonstrate a genuine commitment to Turkey.

Dual Citizenship Turkey

Turkey allows dual citizenship, offering flexibility to individuals who wish to retain their existing citizenship while becoming Turkish citizens. This flexibility provides the benefits of multiple citizenships.

About Turkey

Spanning an area of approximately 783,562 square kilometers, Turkey is home to over 80 million people. It bridges two continents, Europe and Asia, making it a transcontinental nation with diverse geography. Turkey boasts an impressive coastline along the Mediterranean and Aegean Seas, expansive plateaus, and mountain ranges such as the Taurus and Pontic Mountains. The official language is Turkish, and the country is steeped in history as the successor to the Byzantine and Ottoman Empires.

An Overview of Turkey

Turkey, officially known as the Republic of Turkey, is a parliamentary republic with a unique fusion of Eastern and Western influences. It holds membership in various international organizations, including the United Nations and NATO. Turkey's rich cultural tapestry is woven with ancient ruins, architectural gems like the Hagia Sophia, and a thriving contemporary arts scene.

Residing in Turkey

Turkey offers an appealing blend of tradition and modernity for residents. Renowned for Turkish hospitality, the country boasts a relatively low cost of living compared to Western European counterparts. Healthcare and education systems are well-developed, providing a high quality of life. With its Mediterranean lifestyle and diverse cultural experiences, living in Turkey is a unique privilege.

Conducting Business in Turkey

Turkey's strategic location at the crossroads of Europe and Asia makes it a magnet for businesses. Its economy is dynamic and diversified, with key sectors including automotive, textiles, electronics, and tourism. The government has streamlined business procedures, facilitating ease of starting and running businesses. It's important to note that as of 2021, Turkey ranked 33rd in the World Bank's Ease of Doing Business Index.

The Law in Turkey

Turkey's legal system is grounded in civil law principles, and its judiciary is independent. Ongoing efforts have been made to harmonize Turkey's legal framework with international standards, particularly in areas related to trade and investment. The protection of property rights and contract enforcement are integral components of Turkey's legal system.

Engaging in Business Activities in Turkey

Turkey has emerged as a thriving business hub, boasting a Gross Domestic Product (GDP) exceeding $770 billion USD, making it one of the world's largest economies. Its strategic location, diverse economic sectors, and a consumer market of over 82 million people provide ample opportunities for foreign investors and businesses.

Political Environment in Turkey

Turkey's political landscape is marked by a multi-party system, with regular elections. The nation's politics have evolved over the years, emphasizing modernization and reform. Turkey's strategic position has also significantly influenced its foreign policy and relationships with neighboring countries.

Legal Framework in Turkey

Turkey's legal framework incorporates elements of both civil law and Islamic law traditions. The country actively strives to align its legislation with European Union standards, ensuring a stable and transparent legal environment conducive to business and individual interests.

Turkey's Advantages

Turkey offers a plethora of advantages, including:

Strategic Location: Positioned at the crossroads of continents, Turkey's strategic location makes it a key player in global trade and logistics, with access to European, Asian, and Middle Eastern markets.
Cultural Richness: Turkey's cultural heritage is a treasure trove of historical sites, diverse traditions, and world-famous cuisine, offering residents and visitors unique experiences.
Economic Opportunities: With a thriving economy, a sizable consumer market, and business-friendly policies, Turkey presents significant opportunities for entrepreneurs and investors.

Frequently Asked Questions

What are the legal foundations of Turkey's Citizenship by Investment Program?

Turkey's Citizenship by Investment Program was established in 2016 under the Turkish Citizenship Law (Law No. 5901) and subsequently amended in 2018. It's regulated by the government through the General Directorate of Population and Citizenship Affairs, with specific investment activities approved by various ministries depending on the investment type. The program is designed to be flexible and efficient, with the goal of appealing to investors by offering a straightforward and expedited pathway to citizenship.