Certain conditions must be met, however. further information. Please contact with us now to get further, detailed information on Turkish Citizenship by Investment (TCBI) program and request And the best news of all? We can help you navigate all this and add a Turkish passport to your portfolio. Yes. If you wish to settle in Turkey and start your business or purchase a property, you may apply for a Residence Permit. The program allows applicants to choose from a number of different types of economic contributions to Turkish society, thereby developing the country’s economy. Take our advice – Invest in real estate to get your Turkish passport. No, there is no residency requirement in Turkey either during the application process or after obtaining Turkish citizenship. Work Permit Application from Turkey. the ownership of multiple properties. Now, that requirement has been halved. Find out more in our guide. Our CEO, Mr. Güvenç Ketenci is a leading, international and influential lawyer in Turkey. sure all points are duly checked prior making the investment. deposited amounts. The minimum investment amount was reduced from $1m USD to $250k USD. Option (C) requires that a fixed capital investment shall be made minimum of $500.000 USD (or the equal value in Turkish Liras). Basically, it’s just a formality and another hoop to jump through. through the Turkish investment programme, your future children will automatically acquire Turkey citizenship by birth. Do keep in mind that if you sell your property after the mandatory three year holding period is up, you will be liable to pay VAT. Would you recommend going for a Turkish citizenship or a Grenada citizenship before applying for the E2 visa. The good news is that as of 2013, property buyers will be granted automatic year-long residency permits instead of the three-month permits that were previously issued. Turkey’s Citizenship by Investment Program, Background: How Did the Program Come to Be, Three Options to Obtain a Turkish Passport, what a citizenship by investment program is, The Guernsey Permanent Residence by Investment Guide, Jersey Residency by Investment: the Ultimate Guide, The United States EB-5 Visa: the Ultimate Guide, You must invest or ‘donate’ a pre-set amount of money, The asset classes that you are allowed to invest in are also pre-defined, Real estate purchase of at least $1 million. Turkey is a bit shaky on this. A citizenship by investment (CBI) program is a scheme set up by a national government to attract foreign investment. Turkey is still a developing country and that comes with its own challenges. In essence, you drop off the paperwork and can fly home with your title deed at hand and expect a passport in the mail in the next 3-4 months. and Technology. Invest in real estate, rent it, then watch it appreciate in value and sell it three years later. All of your family members (spouse and kids under 18 years of age) can also obtain a Turkish citizenship if you fulfill the requirements as the main applicant. We are the leading law firm in Turkey advising on Turkish Citizenship by Investment and Global Citizenship and Residency by Investment Programs. multiple languages. permits, and other Global RBI and CIP programs. Also, not many will be giving up their western citizenship only to become Turkish. Turkish citizenship granted to all family members following submission of the documents and quick background check, Turkish Passport delivered quickly within 3-6 months only, You can have a solid investment with regular income and at the same time you can obtain one of the most sought citizenships in the World, Ownership of one of the Top Passports in the World, Turkish passport has 10 year validity and is renewable for life, UK Turkish Business Person Visa: Turkish Citizens can easily relocate inside the UK as well as EU countries vis a vis. Pakistan citizens living in Pakistan or abroad can apply for and obtain Turkish Citizenship shorly within 3 Month period by making an eligible investment in Turkey under Turkey Citizenship by Investment scheme. exemption to this could be if/when you would earn a regular income inside Turkey; for example if you would rent out your investment property, and if/when you are earning rental gains, then you That’s a mouthful. Option (B) foresees to Deposit $500.000 USD in cash (or the equal value in Turkish Lira, Euros or other currency) with a condition to keep the monies at least for 3 years in one of the Turkish Banks. You can put that money in as a deposit in a Turkish bank, you can buy government bonds, or you can buy real estate or venture capital investment fund shares. Turkey will not tax you for your income abroad. It’s also the option that makes the most sense to an international investor. compelling needs and provide advice accordingly, in line with the Turkish immigration law. It’s main proposition remains the simplicity and the low investment threshold. Mevlana Mah. Investing in Turkey – Turkish Citizenship by Investment Program. There is actually no limitation You could put $500,000 into a Turkish bank or a bond, but why add complexity to things? This is a measure introduced by the government, who recognise that more and more people are relocating to Turkey. Applying for a permit was once a time-consuming hassle. A residence permit enables you to live in Turkey, study, get married, convert to Turkish drivers’ license, get tax number, open a bank account, purchase property, make investments, and much more. Investors can renew their residence permits for 5-year periods and have unlimited renewal rights. 6458. All in all, there aren’t any obvious or practical drawbacks to having a Turkish citizenship, but do keep in mind that there is risk involved when investing in a developing state like this. advise our clients on the preparation of the US E2 Visa Application, arrangement of franchise companies in the USA as well as submissin of the visas either through US Consulate in Turkey or inside USA. All of your properties must also be registered on the same day to be counted towards the required $250,000. You definitely don’t want to be keeping track of all that. It takes 3 to 4 months from lodging your application to receiving your Turkish passport. If you are going to invest in Turkey and get its passport, it would only be wise to carefully monitor the political and socio-economic developments there. It’s best not to navigate all of this by yourself but with professional and legal help. visit our Clients section to see the list of some of our corporate clients that we work together. Turkey is a vast country that straddles the Euroasian continent, with one foot in the Western European world and one foot in the Middle East. The residency permit would be renewable after 2 years as long as you would keep the legal ownership status of the property. So, the citizenship by investment program was launched, perhaps as a way to sweeten the pot for the Middle Eastern nationals already looking to buy property or invest. by Invesment program as well as RBI (Residency by Investment) programs including Portugal and Greece Residency by Investments. Can I live permanently in Turkey? review and property sale transactions, and other compelling tasks in Turkey. It is possible to obtain a Turkish residence permit with a property investment of worth $100,000 USD in Turkey. on the total number of family members (applicants). Turkey residence permit cost and money required when applying for a Turkish visa or residence permit will vary according to the kind of permit you are applying for and your home country. A lot of paperwork will be required of you, most of it accompanied by official translations, apostilles, notary stamps and so on. citizenship by investment. Residence permits are granted in compliance with the rules designated by the bilateral agreements held between Turkey and foreigner’s country . No work allowed under this scheme. Our experienced real estate team and lawyers for Turkish citizenship program will make You want a stable government and a stable political situation where you invest. It’s foundation is in the country’s Citizenship Law, Act No. There is no pre-approval of properties as you’d get with other CBI programs where the real estate is usually overvalued. Once after the investment is completed, and post-investment works are duly done, then the acquisition of official Turkish Citizenship status takes formally around 3-4 months at the most. Prospective Visa free travel to EU (Schengen zone) for all Turkish Citizens, Easy to obtain long-term, multiple entry visa to EU, US, Canada, UK and Australia for Turkish citizens, Strong, Independent Legal System and Courts, Perfectly located, nestled between Europe, Asia and the Middle East and Africa, Opportunity to relocate and live in Istanbul, one of the most beautiful and developed towns in the World or any other part of Turkey, Webinar on Turkish Citizenship by Investment Programme, Webinar on Turkish Citizenship by Investment and US E2 Visa, Webinar on Turkish Citizenship by Investment and Ankara Application, Company Formation & Bank Account Opening in Turkey, Atatürk Mahallesi, Ataşehir Bulvarı, Gardenya 5 Plaza, Kat:13, Ataşehir, 34758, İstanbul, Turkey. We have been advising our respected clients on the Turkish Citizenship by Investment (TCBI) since January 2017, the introduction of the program by the Turkish government. You can expedite the process and apply remotely before going to Turkey for a three day trip, during which you would purchase the real estate and go home with your deed title. This has made Turkish Citizenship by investment program quite popular among Pakistan nationals. They can include but are not restricted to the passport, birth certificate, residence permit, marriage certificate, the Turkish identit… Since the lira has plummeted, real estate options are plentiful and they are cheap for foreign buyers. You also need to maintain the investment for a minimum of three years, which is very short in the CBI world. No need to declare your wealth and source of investment for application. There is no Turkish language knowledge requirement to apply for Turkey’s citizenship by investment programme. The monies could be deposited in any currency: USD, TRY Turkish Citizenship by Investment Process at a Glance: How long does it take to obtain Turkish Citizenship? So, you must obtain a residence permit after you’ve made your investment to be considered for a Turkish passport. As highly experienced immigration lawyers and attorneys in Turkey, we can thoroughly advise you to obtain Turkish However, there is trouble in paradise. Then creating jobs in the Turkish market in exchange for citizenship might be an attractive option. There are three ways to get a Turkish citizenship by investment. Its rich culture and stunning landscapes drew over 50 million people to its beaches and cities in 2019. Obtain a Residence Permit. You can As experienced immigration attorneys and Citizenship You should spend all of this money on real estate in Turkey to be eligible for a Turkish citizenship. You can also apply on the basis of descent and special circumstances, but the process is extremely long and demanding. Let’s see what they are. You must be married for at least three years and then go through a process in which a commission determines whether your marriage is real and valid. You see, president Erdogan fuelled the construction sector for many years before – government spending and easily obtainable credit were the main culprits. We can open a new bank account for you in Turkey in -1- Day only. Only recently, the Chinese agents have caught wind of Turkey’s CBI program and have started to flock to the country, eager to tell their clients back home all about it. Yes, it is possible to earn regular interest on the deposited amounts. Short term residence permit shall be regulated by Articles 31-33 of the Law on Foreigners and International Protection No. Philippines, Malaysia, Indonesia, and from the West : US, UK, Canada, Italy, Sweden, Switzerland, France, Greece, Portugal, Poland as well as the Carebbean Countries, the CIS Countries: Russia, However Children above 18 yeard old, and Parents cannot be included into the same application. The application process for this permit is quite long - up to five months. Turkey’s economy ground to a halt. Turkey is an E2 Treaty Country with the US. Real estate permit is similar to tourist permit in many respects, but the former is stronger in terms of viability and duration of renewal granted. The documents required, and types of application will vary depending on your circumstances. It grants residency, citizenship and a second passport to applicants investing either in real estate or a bank deposit. followed by the issuance of new Turkish ID Cards and Turkish Passports for all family members within 1 week only. Turkish citizenship can be passed along to your children, Visit 110+ countries, including Japan and all of Latin America, Get access to live and work in USA and UK as a Turkish citizen, Apply and receive your citizenship in 3-4 months, You and all of your dependents will get Turkish citizenship, Pick from 6 routes to obtain your passport. Second, create at least 50 jobs for local people. Learn how your comment data is processed. It’s hard to pin down exactly what your total investment would be, but we would only recommend this option for people who are set on running a legitimate business in Turkey for the long-term. If the applicants would prefer to change their names and surnames, they are allowed to do so and you can entirely have new Turkish names and surnames as well. This equates to a staggering $3 billion in annual receipts! Hello, You do not need to be residence permit holder to establish a company in Turkey. Up-to-date information about the requirements and grounds for residency can be found in English on the website of the Directorate General of Migration Management of Turkey's Ministry of the Interior. investment shall be confirmed by the Ministry of Treasury and Finance of Turkey. Citizenships by investment for them and their families. For the time being, along with Turkey, Montenegro, and Vanuatu as well as Caribbean nations including Antigua, Dominica, Grenada, St Kitts and Nevis, Saint Lucia offers Citizenship by investment Programs (CIP). You’re better off using a more stable currency like the euro, but do note that the sum must equate to $500,000. 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