Turkish Citizenship by Investment: The Ultimate Guide
Turkey is a beautiful country, rich in history and culture. It is also one of the fastest-growing economies in the world, making it an attractive destination for investors. In recognition of this, the Turkish government has introduced a Citizenship by Investment Program that allows foreign investors and entrepreneurs to obtain Turkish citizenship by investing in the country. This guide serves as your ultimate source of information about the Turkish Citizenship by Investment Program, including eligibility requirements, investment options, and benefits of obtaining Turkish citizenship.
Eligibility Requirements for Turkish Citizenship by Investment
To be eligible for Turkish citizenship under the investment program, there are specific requirements you need to meet. The following are the eligibility criteria for citizenship by investment in Turkey:
1. Investment Amount: The minimum amount required to obtain Turkish citizenship through investment is $250,000. The investment can be in the form of real estate, capital investment, or government bonds.
2. No Criminal Record: Applicants must have a clean criminal record free of any conviction involving fraud or other related crimes.
3. Proof of Financial Resources: Applicants must provide proof of having the financial resources needed to make the investment.
4. Medical Report: Applicants must produce a medical report that shows they are in good physical and mental health.
5. Residency Requirement: Applicants must have a residency in Turkey for at least five years to be eligible for citizenship through investment.
Investment Options for Turkish Citizenship
The Turkish Citizenship by Investment Program offers different investment options, including:
1. Real Estate: One of the most popular investment options for obtaining Turkish citizenship is through investment in real estate. The investment amount must be a minimum of $250,000 and maintained for at least three years. The property can be residential or commercial, and there is no limit to the number of properties that an investor can purchase.
2. Capital Investment: Investors can also obtain Turkish citizenship by making a capital investment. The investment amount must be a minimum of $500,000, and the investment must be held for at least three years.
3. Investment in Government Bonds: A minimum of $500,000 investment in government bonds that will be held for at least three years is a required investment option.
Benefits of Obtaining Turkish Citizenship
There are several benefits associated with obtaining Turkish citizenship, some of which include:
1. Visa-free travel: Turkish citizens get access to over 100 countries without requiring a visa, including Japan, South Korea, and Brazil.
2. Strategic Location: Turkey is located in a strategic location that allows for easier access to both Europe and Asia.
3. Business Opportunities: Turkish citizenship offers a range of business opportunities, ranging from access to a vast network of business owners and companies to improved access to global markets.
4. Cultural Experience: Turkey is a culturally rich country, and obtaining citizenship provides an opportunity to experience its history, cuisine, and arts.
Frequently Asked Questions
1. How long does it take to obtain Turkish citizenship through investment?
It takes approximately six months to obtain Turkish citizenship after completing the investment process.
2. Can I include my family members in the citizenship application?
Yes, you can include your spouse and children under the age of 18 years in your application.
3. Is it possible to sell the property I purchased to obtain Turkish citizenship?
Yes, it is possible to sell the property, but it must be held for at least three years to maintain Turkish citizenship.
4. Are there any restrictions for Turkish passport holders when traveling to other countries?
Yes, there are specific travel restrictions for Turkish passport holders, depending on the country you plan to visit. It is advisable to check this before traveling.
Conclusion
The Turkish Citizenship by Investment Program is an excellent opportunity for foreign investors and entrepreneurs looking to obtain Turkish citizenship. By investing in the country, investors not only benefit from obtaining citizenship but also gain access to a range of business opportunities and cultural experiences. To ensure that you meet all eligibility requirements and make a successful application, it is advisable to seek the services of a reputable Turkish immigration lawyer.