Turkish Citizenship by Investment

Turkish Citizenship by Investment is a program whereby foreigners can buy investment property in Turkey. The property must be worth 400.000 USD or above. It can be an apartment, villa, Bungalow, mansion, commercial property or any type. There are other ways in which foreigners can gain Turkish citizenship and they will be described below.

Advantages of Turkish Citizenship

-Turkish citizen rights

After purchasing property under the Turkish citizenship programme, the buyer has rights regardless of religion, where they were born, or skin colour, just like any other Turkish born in the country.

-High standard of education

Turkey has good education standards that are applauded in Europe. The country offers public education for free to citizens, and private education facilities offer lessons in English, Russian, German and other languages.

-Retirement rights

There is social security for foreigners with Turkish Citizenship. There must make sure that they pay their premiums and that the retirement age is met.

-Medical services

Turkish hospitals meet international standards, and investing in Turkish Citizenship will allow you and your whole family to enjoy the benefits of the country’s medical system.

- Dual Citizenship

Another advantage of this programme is that it allows you to keep your other Citizenship (s). The government of Turkey does not strip you of the other Citizenship you already have.

-Spouse and children benefits

Your spouse and your children benefit from all you benefit from, which is a huge advantage.

Cost of living in Turkey

History in its broadest aspect is a record of man's migrations from one environment to another - Ellsworth Huntington. There are many reasons why people opt to move and reside from one country to the other. Some reasons include work, school, retirement, and better living standards. Turkey is one of the countries that many people consider moving to for the above reasons.

Life in Turkey is generally affordable, and citizens afford to buy their necessities from discount shops around the country. However, some cities are a bit more expensive, especially with busy business hubs and many tourism centers. This blog will look at some of the expenses faced by residents in Turkey monthly.

Requirements for Getting Turkish Citizenship

-Acquire property worth at least USD 400,000.

- Invest at least USD 500,000 in shares of a real estate investment fund or a venture capital investment fund.

- Fund a Turkish bank account with at least USD 500,000, other foreign currency, or Turkish Lira.

- Create at least 50 employment

- Invest at least USD 500,000, equivalent in other currencies, or TRY in government bonds.

- Invest at least USD 500,000, other foreign currency, or Turkish Lira for a three-year minimum holding term in a private pension system.

Turkish Citizenship Application Process

Several documents are required when applying for Turkish Citizenship. The investor must provide the following;

-Birth certificate

Among the documents provided, the buyer must have an original birth certificate translated into Turkish and notarized by the Turkish consulate.

- Marriage certificate

If the buyer is single, he must provide a document that signifies that he is single. He should also provide documentation that signifies the same information if they are divorced.

- Residency I.D photocopy

If the investor has been residing in Turkey, they should provide a Turkish residence permit card photocopy.

-Power of Attorney

There must be two Power of Attorney (POA) from the applicant and their spouse.

-Bank Receipt

The buyer must transfer money from their bank account (not a business account) to the seller’s account, and there must be a notarized property purchase commitment.

-Family Book

The buyer must provide documentation proving the relationship between the spouse and the buyer.

-Six Photographs

All family members must provide 50*60-sized biometric photos.

Prime Property Turkey is here to help you through the process with our outstanding sales team and legal always ready to help you. The waiting period for your Citizenship after the application process last approximately 3 to 6 months. Contact us today on how we have helped you get Turkish Citizenship.