Benefits of Turkish Citizenship
- Insurance. A second passport functions similarly to insurance. A second passport protects your future and that of your...
- Strong passport gives great value. A strong passport gives great value and definition to the country. The new Turkish...
- Robust Economy. Robust economy allows for promising future. Turkey with its developing and growing...
- A lifetime Turkey citizenship granted in 6 months.
- No minimum residency in Turkey required.
- Full medical assistance included.
- Pension programs are available.
- Free education and university reimbursement plans.
- Turkey Passport allows visa free travel to more than 110 countries.
What are disadvantages of the Turkish citizenship?
The Cons of Turkish Citizenship by Investment The only aspect is that there will be running and maintenance costs within the three years that you must keep your property. These are minimal, though, and many western nations remark on how cheap it is to run a home in Turkey.
What are the benefits of having Turkish residency?
Benefits of Turkish ResidenceObtaining citizenship along with your family, your spouse and children of under the age of 18 at the same time..No need to declare assets: when you are applying for citizenship, there is no need to declare your current income in other countries.Returning your capital to your country.More items...
How much do I need to invest in Turkish citizenship?
USD 500,000To qualify for citizenship, the main applicant should fulfil one of the following investment requirements: Acquire at least USD 400,000 worth of real estate. Invest a minimum of USD 500,000 fixed capital contribution. Deposit at least USD 500,000 or equivalent foreign currency or Turkish lira into a Turkish bank ...
Is Turkish passport valuable?
The holder of the Turkish passport can travel to 72 countries without a visa. Turkish passport is ranked as 38th in the world and 18th in Europe and the holders can also travel to 46 countries that allow them to get a visa on arrival.
Is the Turkish citizenship good?
Turkey's CIP excels in this regard, as per the naturalization law and Citizenship Act, Turkish citizenship is inherently passed down to future generations. Investing in Turkish citizenship is a venture that will benefit you and all your future generations perpetually.
Does Turkey sell citizenship?
Right to Acquire Turkish Citizenship Through Real Estate Purchase. Natural persons of foreign origin are granted the right to acquire Turkish citizenship by means of exceptional procedures upon purchase of real estate worth USD 250,000 and more.
Can I get Turkish citizenship by buying a house?
For investment in real estate, you need to receive a certificate of eligibility, and that will be issued only after you qualify for Turkey citizenship by investment program. For this, the applicant must apply to the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.
Does Turkish allow dual citizenship?
Dual citizenship The automatic acquisition (or retention) of a foreign nationality does not affect Turkish citizenship. Turkish laws have no provisions requiring citizens who are born with dual nationality to choose one nationality over the other when they become adults.
Where can I travel with Turkish residence permit?
A Residence Permit ID Card may be used to enter / exit for Visa-free travel at 66 Turkey airports, 180 harbors and 26 borders of the Republic of Turkey.
Is Turkey good to immigrate?
Turkey is a comfortable country for living not only in terms of the favourable climatic conditions and friendly people but also because of the low cost of living. After you immigrate to Turkey, you will notice that the prices for food, basic services, utility bills, and accommodation are reasonable.
How much does a Turkish residence permit cost?
135,20 TL per month after 1 month has passed. 25,90 TL per day up to 1 month [this amount shall not be less than (48,60 TL) and shall not be more than (249,30 TL) for each permit for the first month.]...Documents for Residence Permit-Fee Amount.Valuable Paper Fee2019202089,00 TL110,00 TL
How long can I stay outside Turkey with residence permit?
120 daysResidence permit holders are now only entitled to travel outside Turkey for 120 days out of 360 days. If they exceed 120 days, then residence permits will be cancelled and foreigners will need to enter Turkey on a tourist visa, then reapply for a new residence permit.
Benefits of Turkish Citizenship
Discover the benefits of Turkish Citizenship! When you have citizenship, you will be able to have various advantages! You can see some of the benefits below.
Turkish Citizenship by Property – Benefits of Turkish Citizenship
To have Turkish citizenship by buying a property in the country, there are some crucial things that you need to know. If you do not have citizenship yet, you will be able to buy a maximum of 30 hectares of property in the country. When you buy land or property in Turkey, the property has to be a minimum 250.000$.
Turkey Citizenship by Investment Required Documents
You need to fill the application form in Latin letters. Be sure that you give the correct information. The applicators must fill the application form only by themselves.
What is a Turkish citizenship card?
It is a card that the Turkish state grants to a holder of the Turkish citizenship who obtained another country’s citizenship that obliged him to give up the Turkish citizenship and this card facilitates his entry and exit from and to Turkey after losing his Turkish citizenship.
How long do you have to wait to get Turkish citizenship?
When you obtain the Turkish citizenship, you have the right to grant the Turkish citizenship to your children if They are under the age of 18, but you cannot grant your older children (over 18 years) and your wife the citizenship, you have to wait for three years after you obtain the citizenship directly and only then you can grant it to them.
Can a Turkish citizen visit you?
As a Turkish citizen, you have the right to invite any of your relatives to visit you in Turkey, and this invitation makes it easier for your relatives to obtain a visa to Turkey.
How long does it take to get a Turkish citizenship?
How can it happen? Obtaining Turkish citizenship for the whole family by investing in real estate today takes only two to three months. Then new citizens of the Republic can quickly get a business visa to the United States under the E2 program in their Turkish passport. Such a visa makes it possible to permanently live and work on American territory, the basis is investment in a new or existing business. In the future, an E2 visa makes it possible (with an increase in investment volume in a business to the level of EB-5 or up to 900 thousand dollars) to obtain a green card and create ten jobs in the United States.
Is real estate profitable in Turkey?
Turkish housing itself, land or commercial real estate (regard less of obtaining citizenship for the whole family) is a very profitable option for investing capital. Official statistics show that apartments in Turkey have risen in price by 25.9 percent in the last year alone, land and industrial facilities - by 50 percent, the demand for villas, houses with a garden and large balcony has increased due to the coronavirus by 233 percent over the past year and continues to grow. To invest in real estate in Turkey is profitable both in the long term and in the short term. It is allowed to resell it already three years after obtaining citizenship by investment, and before that, real estate can be profitably rented out ( as most foreign buyers of apartment s in Turkey who do not plan to move to permanent residence do).
Overview of Turkish CIP
The Turkish government introduced its popular CIP in 2017 and then went to reduce the minimum investment required to obtain citizenship in 2018. The minimum threshold for the real estate option, which is the most popular one amongst global investors, was slashed from 1 million USD to 250,000 USD.
The Main Benefits of the Turkish Passport
The simplicity of the CIP is a great attraction, but it is the long-term benefits that draw in the world’s elite. Becoming a Turkish citizen comes with a lot of benefits, here are the most popular, or well-known, benefits that you can seize by becoming a full-fledged Turk.
The Hidden Benefits of the Turkish Passport
Since we covered the main benefits of becoming a Turk that are apparent to most, we want to go into more detail about the lesser-known advantages that may prove to be even more beneficial:
How to Gain Turkish Citizenship
The Turkish passport comes with an abundance of benefits, some well-known, while others are hidden gems. An investment in Turkish citizenship is repaid in a multitude of ways, and for countless generations to come.
About Jeremy Savory
Jeremy Savory, the founder and CEO of Savory and Partners, runs one of the world’s leading HNW citizenship by investment firms. The second passport company has coverage in over 20 jurisdictions including Europe.
1: Right to work, live and study in Turkey
Presently, to live in Turkey, you must get a residency permit regardless of whether you own real estate or not. While this is a simple, straightforward procedure, residency means constantly reapplying every year or two for as long as you want to stay in Turkey. This is costly and time-consuming.
2: Invest in Turkey For Freedom of Movement
Did you know applicants for the citizenship by investment program in Malta must have 36 months of residency before they even consider approval? Other citizenship investment programs worldwide insist you reside in the country for a certain amount of days each year. Well, Turkey does not.
3: Potential Rental Income
So, you can either live in the home you buy, use it as a holiday home or if you are not going to live in Turkey as a full-time citizen, have the potential for a real estate rental income. There are two types of rental programs in Turkey; short term and long-term contracts. The first focuses on holidaymakers, who rent either for the night or weekly.
4: Capital Growth Potential
The current Turkish citizenship investment programme states applicants must keep a property for at least three years. However, suppose as a citizen, you keep it longer than five years. In that case, you do not pay capital gains tax when selling, and additionally, have the potential for profitable real estate capital growth.
5: Visa-Free Citizen Turkish Passport
When you obtain Turkish citizenship, you also get a Turkish passport that allows visa-free travel. For many nationalities worldwide, travel is a problem since they must spend lots of money applying for a visa that might not get approved. So when you get a Turkish passport, travel visa-free to more than 100 countries around the world.
6: Family Members and Education
So, of course, if you are a parent, you want Turkish citizenship for your spouse and children, which is where Turkey delivers in abundance. What’s more, is children born after you gain Turkish citizenship automatically receive their citizenship based on Turkey's birthright laws. From here, parents can choose public or private schools for education.
7: Healthcare and Retirement
Once you receive Turkish citizenship, you pay into the government-run SGK social security system. This entitles healthcare, and this is where Turkey delivers with a state-of-the-art method. Some hospitals, like the university establishment in Izmir, class themselves as the best in the world.
Turkey
- Turkeyis a unique country that is located on two continents. Some of it is officially in Asia, and some are in Europe. It’s also one of the oldest countries in the world, with a history that spans millennia. Today, Turkey is a vibrant, cosmopolitan place where you can find fishing villages, mega cities and sleepy little towns. You can buy every mod...
How to Become A Turkish Citizen?
- There are several ways you can become a Turkish citizen. First, of course, if you are born in Turkey, you are automatically a Turkish citizen. You could also marry a Turkish citizen, or you could live or work in Turkey as a legal resident and then apply for naturalization after five years. There’s also a program for outstanding achievements in science, the arts or sport, and probably …
The Main Benefits of The Turkish Passport
- You might be wondering if it’s worth becoming a Turkish citizen. What are the benefits of being a Turkish citizen? There are actually several benefits of Turkish citizenship. Let’s take a closer look at a few of them.
FAQ
- How long does it take to become a citizen of Turkey by investment?
Immigration processes are not known for being fast, but the Turkish citizenship by investment program is different. Provided you meet all the requirements, you can have your new Turkish passport within about 90 to 120 days, although some people might wait as long as six months. - Can I bring my family with me?
Absolutely. If you are considering applying for Turkish citizenship by investment, your family can take advantage of being a Turkish citizen. That includes your spouse or partner, your minor or dependent children, and once you are a citizen, you can apply for residency permits for your pare…
Benefits of Turkish Citizenship
Turkish Citizenship by Property – Benefits of Turkish Citizenship
- To have Turkish citizenshipby buying a property in the country, there are some crucial things that you need to know. If you do not have citizenship yet, you will be able to buy a maximum of 30 hectares of property in the country. When you buy land or property in Turkey, the property has to be a minimum 250.000$. You and your family member who are less than 18 years old will be abl…
Turkish Citizenship by Investment Process
- You need to sign an agreement with an immigration agent which is licensed.
- You should invest in Turkey. (To the real estate)
- You need to have a residence permit.
- You should have a Turkish passport when you complete the process.
Turkey Citizenship by Investment Required Documents
- You need to fill the application form in Latin letters. Be sure that you give the correct information. The applicators must fill the application form only by themselves.
- You need to give your passport or ID card. You may need to translate your documents, passport, or ID cards. In this situation, the documents must be notarized.
- If you will apply with your family members, a marriage certificate must be included.
- You need to fill the application form in Latin letters. Be sure that you give the correct information. The applicators must fill the application form only by themselves.
- You need to give your passport or ID card. You may need to translate your documents, passport, or ID cards. In this situation, the documents must be notarized.
- If you will apply with your family members, a marriage certificate must be included.
- The birth certificate which shows the relationships with relatives and family members must be included.
