How To Apply For Turkish Citizenship By Investment

Turkey is a country that is located at the crossroads of Europe and Asia. It allows it to conduct business relations with many European and Asian countries. It is characterized by beautiful landscapes, magnificent seas, a developed economy, a high standard of living, and excellent conditions for living and doing business. It has a centuries-old unique culture and delicious cuisine.

Turkey citizenship by investment has become popular after the successful experience of similar programs in Greece, Spain, Portugal, and other European countries. It was launched in early 2017 when the Turkish government decided to attract foreign investment in the country to improve the economy, particularly the real estate sector. According to a specialist of the company Immigrant Invest Zlata Erlach, it allows the state to receive up to half a million dollars each month from investors. And this amount is growing steadily.

Benefits of Turkey Citizenship

But why is it so promising to move to this particular state? Why is it so attractive to people in business and wealthy people from all over the world? There are several excellent bonuses for those ready to become citizens of the country for the CBI. Let’s take a closer look at them:

1. The applicant and his closest relatives are allowed to move: spouse, children, and parents, i.e., the whole family will be inseparable.
2. The right to live, work and study freely in any Turkish city. It applies to the applicant and to all his family members, including his children, which makes it possible to give them an excellent European education.
3. The easiest way to get citizenship. You can get a Turkish passport in four months if you make a specific monetary investment, collect the necessary documents and pass all the checks.
4. Visa-free regime with more than 110 countries of the world. It allows you to travel a lot without unnecessary bureaucratic delays.
5. No language or residency requirements. It is possible to stay in or leave the country for any period desired by the applicant. Fluent Turkish is also not required.
6. Simplified procedure for obtaining a Schengen visa and visa E-2.
7. Permission for dual citizenship, i.e., it is not necessary to give up your native passport to get a Turkish identity document.
8. Profitable investment opens up excellent prospects for investors: the invested money will work for you.
9. A decent standard of living and security for maximum comfort.
10. Access to the highest level of free healthcare.
11. High level of education and further prospects of finding a prestigious job.
12. Loyal tax policy for starting your own business.
13. Pleasant climate, picturesque nature, and good ecology.
14. Rich culture.
15. Tasty, healthy, and diverse food.

In addition, after becoming a resident, the applicant can take advantage of the country’s laws on inheritance which allows them to pass the assets to family members and, upon reaching a certain age, have access to pension benefits and other social benefits provided by the law.

All these advantages make the desire of wealthy foreign nationals to obtain Turkey passports as soon as possible and to move to Turkey even stronger.

Types of Investment Options

You can get the coveted passport through investments in one of the following ways: 

• buy any real estate for $400,000 or more;
• invest at least $500,000 in government bonds for three years;
• open a business or firm with 50+ jobs.

You can also make a capital investment, a deposit in a Turkish bank, or buy $500,000 worth of investment fund shares for at least three years. From May 2022, the minimum investment amount is $400,000. You can find out more detailed eligible rules and how to participate in the program by contacting a specialized immigration agency. It will tell you what your chances are of getting the cherished status. This issue is covered in more detail at immigrantinvest.com.

Step-by-Step Process for Applying for Turkish CBI

The process is not complicated if you know the algorithm and follow step-by-step to your goal:

1. Find the most suitable property to buy.
2. Get a tax number and open a bank account in Turkey to have the right to buy the property. 
3. Collect the necessary documents and get a certificate of compliance.
4. Deposit investment money.
5. Get a residence permit.
6. Check and submit documents to the appropriate department for verification.

You do not need to be in the country to do all these steps. However, if you stay in Turkey, you can prepare and submit your application within 1-2 days, which is very convenient. It sounds a little fantastic, but it is true. Then, during the next three to four months after the application, you can get your Turkish passport and celebrate this wonderful event with your loved ones.

Conclusion

So, it becomes clear that investment opportunities in Turkey make the country very attractive for wealthy foreigners who want to get Turkish citizenship without giving up their homeland passports. The easiest way is to make a financial investment. The company’s immigration lawyers can help with this. You can learn the paths to Turkish citizenship and the basic requirements at an individual consultation with a specialist. There you can get the terms of cooperation to achieve your goal as quickly as possible. An experienced employee knows all the details and nuances that may arise at the stage of paperwork, which will help to quickly resolve the issue.