Program Name - Citizenship by Investment

Turkey

About Country-

A gripping mixture of unusual and memorable, Turkey is much more than a bridge connecting East and West. The country blends influences from the Mediterranean, Central Asia, the Middle East, and the Balkans. A large part of Turkey’s charm lies in its architectural landmarks, impressive classical cities and fortresses located on hilltops. Additionally, it possesses elegant Islamic headstones and fascinating city bazaars, alongside well-known chain stores and shopping malls. With a population of 79 million people, Turkey is a popular destination for leisure and business. The country’s performance over the decades has brought macroeconomic stability and increased employment and income.

About the Programme-

Turkey announced its citizenship by investment programme in 2016. It grants residency, citizenship and a second passport to applicants investing either in real estate or a bank deposit. The real estate route is particularly attractive for investors. This requires a property purchase of a minimum of $250,000 + fees, making Turkey one of the lowest cost citizenship by investment programmes on the market. The real estate investment amount was originally set at $1 million but was drastically reduced in September 2018. A Turkish passport allows visa free travel (or visa on arrival) to 125 countries worldwide. Turkey also holds out the possibility of eventual visa free access to the EU. Currently, talks are ongoing, although Turkey has some way to go in order to meet EU conditions. Turkey holds some good global connections. They have a E-2 Visa treaty with the USA, which means Turkish citizens are eligible to apply for US residency, through the E-2 Visa programme. There are six different options to get a Turkish citizenship. The easiest and fastest option of these is to become a Turkish citizen through purchasing a property.Especially as of 19.09.2018, after the disclosure of the decision on the official gazette, the required wages to be a Turkish citizen have significantly dropped. Thus becoming a Turkish citizen became easier than before, as anyone purchasing a minimum 250.000 USD worth of real estate can benefit from Turkish citizenship advantages.Not only Turkey’s quite valuable and rich options in the real estate area; but also the comfort it provides during the citizenship process, makes becoming a citizen through real estate much more appealing.

Benefits-

• Visa-free access to 111 countries
• Full citizenship granted
• No minimum residency requirement
• Children under 18 included as dependants
• No language test required
• Free education & healthcare
• Bridge between the East & West
• Applications processed within five months

Requirements -

• Those who have purchased a minimum 250.000 USD worth of housing, workplace, estate or similar properties, can initiate their application process by going to The General Directorate of Land Registry and Cadastre.
• After the application to The General Directorate of Land Registry and Cadastre, real estate appraisers check if the purchased property is worth 250.000 USD or not.
• . If no impediment is found, The General Directorate of Land Registry and Cadastre approves the transition to the citizenship process in 3 to 7 days.
• After given this approval, by applying to The Bureau of Immigration Services for the residence permit, it is possible to get the permission in the same day.
• After the citizenship application approval and the residency permit, candidates apply to The General Directorate of Civil Registration and Nationality for the Turkish citizenship.
• After that point, by tracking the transactions from Citizenship Information Offices? in Istanbul and Ankara all process is finalized in 30 days.

Mobility-

As a citizen of Turkey, you are eligible for an E-2 Investor Visa in the USA for a five year renewable period, which allows you to relocate with families and set up a business in the United States of America. As a citizen of Turkey, you can travel to over 110+ countries visa-free across Europe, Western Asia, and the Middle East. Turkish citizens had visa-free or visa on arrival access to 110 countries and territories, ranking the Turkish passport 53rd in terms of travel freedom

Procedures and time frame-

After applicants have chosen the qualifying investment option, a residence permit application shall be made on the family’s behalf. The main applicant is then required to open a bank account in Turkey.

Once all application documents have been prepared (including applicable certifications and translations), the investment can be completed and the documents submitted to the government. Once the application has been received by the government, the review process will begin and an interview may be requested. Applications are typically approved within six to nine months, following which the citizenship documents are issued. The passport application can then be submitted.