Turkey is a high-spirited country infused with history and culture, catching everyone’s attention and combining modern and traditional elements. Turkey is home to an impactful history with its historical structure. Foreigners have been investing in properties in Turkey for the benefits Turkish citizenship provides.
Turkey attracts investors with its location, offering opportunities to foreigners by being a hub of culture and trade. Istanbul is the only city in the world divided into two continents, Asia and Europe. Istanbul’s sparkling nightlife attracts foreigners all over the world.
So, how to get Turkish Citizenship by Investment? How powerful is the Turkish passport? What should be done to get Turkish citizenship? Read our article!
What Is Required for Turkish Citizenship by Investment?
To be suitable for the Turkish citizenship by investment program, a foreigner must open a bank account and deposit $500,000 or equivalent foreign currency or Turkish lira. After $400,000 or more is invested in Turkish properties, all necessary transactions such as title deed purchase and cash proceeds are carried out.
According to the law, the property transfer is concluded after the official signed bills and registrations. Secondly, foreigners must apply for a residence permit. Although you don’t have to be residing in the Republic of Turkey to get a Turkish passport, you are required to demand a residence permit, for which the results are given on the same day of application.
After receiving the residence permit, you can apply for citizenship. It does not require an interview or you to be physically present in Turkey. You can allow someone else or a company to manage your application for you by power of attorney. The documents required during the application through the procuration process are the original title or an official copy of the title deed with a notary confirmation.
Advantages of Investing in Turkey
Foreigners have been investing in Turkish properties since 2018 for the benefits Turkish citizenship provides. You can get citizenship of a second country where you can enjoy the mild Mediterranean climate, beautiful scenery, and a high standard of living. You can get a visa on arrival or visa-free travel to 111 countries. Along with investors, their spouses and children under 18 also obtain Turkish citizenship. They would be eligible for an E-2 investor visa in the USA for a renewable period of five years.
The Turkish economy is one of the strongest economies in the world. It has made a name for itself in the real estate market by drawing the attention of Middle East citizens for having lower prices than other European countries.
Turkey is the biggest textile importer after Germany and Italy, and Bursa is the most important hub of the textile market. The tourist attractions also contribute to the Turkish economy as thousands of tourists every year visit Turkey to enjoy its beautiful history, tourist attractions, and activities.
Easy and Advantageous Investment Opportunities for Turkish Citizenship
Turkey has millions of investment opportunities. Out of all these investing opportunities, what attracts foreigners most to real estate is its opportunities and profits. The process is managed by our professional teams quickly and smoothly.
According to the law, you can start residing in Turkey as soon as you get the property deed and apply for your resident permit. You can give the property for rent because getting Turkish citizenship does not require you to stay in Turkey for the process. If you want, you can sell your property after three years.
How Powerful Is the Turkish Passport?
Colors like green, crimson, gray, and burgundy are used to express it. Without going into great detail, a Turkish national may visit those nations that do not require a visa. Of course, a Turkish national or someone who obtained Turkish citizenship by investment may go to another nation. It is important to reiterate that there is no distinction.
All Turkish citizens are the same once they have attained citizenship. They also have the same obligations and rights. He can go to other nations without a passport. With just his ID, he can travel to several nations without a passport. It enables a simple E1 E2 EB5 visa application. You acquire citizenship in a country having access to the Schengen region for prospective EU members.
The Turkish passport by investment came in at number 53 on the global Henley & Partners Passport Index and 39 on the Visa Travel Index. According to this ranking, you can access approximately 100 countries without a visa.
Additionally, you can enter more than 40 countries with an entry visa that is provided at the time of your arrival. Additionally, having a Turkish passport allows you to apply for an online visa and access 7 more nations.
Additionally, holders of Turkish passports can easily obtain a Schengen visa for Europe as a result of negotiations with the EU and mutual agreements. It is anticipated that Turkish nationals will no longer require visas to enter EU nations in the future. Many nations currently don't require a visa for bearers of Turkish passports to enter their territory.
Although it would be difficult to list them all here, we can mention a few of them as examples, including Argentina, Belarus, Chile, Bosnia, Brazil, Serbia, Republic of South Africa, Qatar, Hong Kong, Singapore, Tunisia, El Salvador, Jordan, Georgia, Paraguay, Azerbaijan, Japan, Morocco, Colombia, South Korea, Uruguay, Malaysia, Ecuador, Indonesia, Ukraine, Thailand, and Northern Cyprus. More than 40 nations also allow entry with a visa that is given upon arrival. For several nations like Australia, you can also apply for a visa online.
How to Get Turkish Citizenship with Bari Global?
We hope our article has helped answer the question of how to become a Turkish citizen. We are here to assist you with our professional and hard-working team.
Frequently Asked Questions
1. Can I acquire Turkish citizenship by purchasing real estate?
If foreigners purchase real estate worth $400,000 or more, they have the right to acquire Turkish citizenship through special procedures. Foreigners must buy real estate worth at least $400,000 for this purpose.
2. What are the benefits of a Turkish residence permit?
Foreign investors can make personal or corporate level investments, establish a Turkish company and business, search for business opportunities, work and retire with government social security, health care, and pension, and sell or rent a home in Turkey.
3. Does Turkey give permanent residency?
Yes, if the foreigner meets some requirements, such as proving ownership of a property with sufficient financial resources.
4. Does Turkey allow dual citizenship?
Turkish law allows for dual citizenship. There are no provisions in Turkish law that require citizens born with dual nationality to choose one citizenship over the other when they reach the age of majority.