The Procedure of Receiving Citizenship By Investment in Turkey
Turkey has made changes to their Turkish citizenship through an investment program, allowing investors to gain a Turkish passport by making an investment of $400,000 in real estate property. Since the update, there have been many investors preferring Turkey to invest in real estate and gain Turkish citizenship from the world.
Getting Turkish citizenship is very advantageous as the investors' spouses and children also get citizenship. Turkey allows dual citizenship, so you can have your current citizenship and Turkish citizenship as well.
On the other hand, you can travel to 111 countries without a visa or on-arrival visas, thanks to the Turkish passport. The Turkish passport ranks in the top 30 most powerful passports in the world. You can work in Turkey with Turkish citizenship and have access to cheap healthcare options and insurance policies.
Turkish citizenship means you can come and go as you please. So you will not need a residence permit or apply for a visa, and once you have citizenship, you do not need to stay in Turkey even during the citizenship obtaining process. There is no need to be physically present in Turkey.
The steps you need to take to get Turkish citizenship by investment are:
Step 1: Get a Turkish Tax Registration Number
You can get a Tax Registration Number from any tax office in Turkey with your passport and photos.
Step 2: Open a Bank Account in Turkey
You need to have a passport and tax number to open a bank account in Turkey alongside utility bills showing your current address.
Step 3: Find a Property Worth at Least $400.000
The property you need to invest in should be at least $400,000 with a Habitation License granted and a Title Deed and must be ready for an official valuation. After finding a property meeting all these criteria, you need to buy it through bank transfer, and the Title Deed needs to be annotated to show that the property will not be sold for the next three years.
Step 4: Obtain a Certificate of Conformity
The Certificate of Conformity is obtained by providing the Official Valuation Survey and submitting the receipt of the Bank transfer to the Ministry of Environment and Urbanization.
Step 5: Apply for a Turkish Residency
You can apply for Turkish residency at the Directorate General of Migration Management with all required documents. After receiving the residency, you can now apply for Turkish citizenship to the Directorate General of Migration Management with all demanded documents.
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