Investing Turkey

Frequently Asked Questions In Relation To Turkish Citizenship By Investment Program

The minimum investment amounts for applying to Turkish citizenship is $250,000 USD for property investment and $500,000 USD in Bank Deposit option. By investing such amounts in Turkey, you can become a citizen of Turkey shortly within 3 months only after completion of investment.

Under Turkish Citizenship by Investment program rules, you can invest in Turkey and become a Turkish citizen instantly with your family members either by investing in a property in Turkey minimum worth $250,000 USD or alternatively you can also obtain Turkish Citizenship by depositing $500,000 USD in one of the Turkish Banks. It is essential to hold the property for at least 3 years, you can then sell the property without any limitations or restrictions.

Due to coronavirus pandemic and international travel restrictions, we can now open the bank account remotely, and we can also finalize the property transfer as well as other necessary tasks remotely. We can proceed on behalf of you with an apostilled PoA (Power of Attorney) including bank account opening, property sale transfer as well as further Turkish Citizenship application procedures without your travel to Turkey required.

Yes. To facilitate the property investment for our Clients, we have set a special real estate department working internally with our firm. Once we start working for your citizenship case; our real estate team will present you several new, luxurious, and high end approved properties available to proceed and in line with the Turkish Citizenship by Investment program rules. We work with financially strong developers only to make sure our clients’ investments will be on the safer side. Our experienced real estate team and lawyers for Turkish citizenship program will make sure all points are duly checked prior making the investment.

Yes, it is possible to earn regular interest on the deposited amounts. We can open a new bank account for you in Turkey in -1- Day only. As experienced immigration attorneys and Citizenship lawyers in Istanbul, Turkey, we can also advise you thoroughly on your Turkish citizenship applications through Bank Deposit Option. The monies could be deposited in any currency: USD, TRY (Turkish Lira), EURO, GBP or other major currencies depending on Investor’s own choice. It is also possible to earn a regular interest income either quarterly, or yearly basis on the total deposited amounts.

Yes, once the Turkish citizenship acquired, it will be valid for life and it would be valid for the next generations, your decendants as well.

If the applicants would prefer to change their names and surnames, they are allowed to do so and you can entirely have new Turkish names and surnames as well. However, this shall be done prior to submitting citizenship applications.

It is possible to obtain Turkish citizenship for the Investor (Main Applicant) as well as for all family members: spouse (wife) and children below 18 years old. There is actually no limitation on the total number of family members (applicants). However Children above 18 yeard old, and Parents cannot be included into the same application.

It would be necessary to make a separate investments for them to obtain the Turkish citizenship or alternatively, you can consider to apply for Turkish Residency Permit (Turkish PR) for the other family members that cannot be included into your application which is subject to different rules than citizenship program.

There is no Turkish language knowledge requirement to apply for Turkey’s citizenship by investment program.

Obtaining Turkish Citizenship is possible for Iranian citizens on condition that a minimum amount of property investment shall be made for $250.000 USD or deposit $500.000 USD in one of the Turkish Banks as this is the case for every investor. It should be noted that the required documentation and the attestation of the documents will have to be evaluated carefully for Iranians prior submitting new Turkish citizenship applications.

Yes. We have successfully advised several Chinese Clients who have already obtained Turkish Citizenships. It is sufficient to meet one of the investment requirements for Chinese citizens to get Turkish Citizenship. It should be noted that the required documentation and the attestation of the documents will have to be evaluated carefully for Chinese as these are subject to a different procedure, prior submitting new Turkish citizenship applications.

With the recent increase of Covid-19 cases in India, Turkish citizenship by investment program has now recently become very popular and attractive among Indian Citizens. Fulfilling one of the investment options enables Indian citizens to acquire Turkish Citizenship easily though documentation and the attestation of the documents will have to be evaluated carefully for Indian nationals.

Acquiring Turkish Citizenship for Palestinian Nationals is now possible and as per new amendments to Turkish Law, the documentation and application procedures have been relaxed and simplified.

%4 of the Sales Price of the property should be paid to Turkish Tax authorities as a property purchase tax when buying or selling the Property in Turkey. Albeit, in practice this rate is usually divided equally between the Buyer and the Seller, so the tax rate is %2 for each party.

Yes. In principle it is possible to open a new Turkish Bank Account with a Turkish Tax ID number, not necessarily without having a Turkish residence or a work permit in place. However, bank account opening procedures and the required documents vary for each bank in Turkey.

It is possible to obtain a Turkish residence permit with a property investment of worth $100,000 USD in Turkey. The residency permit would be renewable after 2 years as long as you would keep the legal ownership status of the property.

Foreign persons can buy a house or property in Turkey without any restrictions. Turkish law is a part of EU-Civil law system, this means property will be freehold and it could be inherited by further generations without any restrictions.

It is required to have a Residency Permit in Turkey to live permanently in Turkey, the conditions of which is subject to rules.

You can obtain a permanent residency permit in Turkey (Turkish PR) either by making a property investment of $100,000 USD in Turkey or by setting up a new company in Turkey.

Turkish Passport is currently ranked as the 51st in the Global Passport Ranking of Henley Passport Index which relies on IATA datas. Turkish passport currently allows visa-free travel to 116 countries globally.

Pakistani citizens can easily obtain Turkish Citizenships by investing in Turkey. Pakistanis proceed mosty with the property investment option to apply for Turkey citizenship program in which it is essential to make a property investment in Turkey minimum worth $250,000 USD.

Pakistan and Turkey enjoy very close relations historically and traditionally. This has made Turkish Citizenship by investment program quite popular among Pakistan nationals. Pakistan citizens living in Pakistan or abroad can apply for and obtain Turkish Citizenship shorly within 3 Month period by making an eligible investment in Turkey under Turkey Citizenship by Investment scheme

Yes. The investment amount as well as the scope of the Turkish Citizenship by Investment Program was laid down in Turkish Official Gazette and introduced back on 18th September 2018. You can review the official website of the Investment Office of the Presidency of the Republic of Turkey for further information.

Under Turkish Citizenship by Investment program rules, you can invest in Turkey and become a Turkish citizen instantly with your family members either by investing in a property in Turkey minimum worth $250,000 USD or alternatively you can also obtain Turkish Citizenship by depositing $500,000 USD in one of the Turkish Banks. It is essential to hold the property for at least 3 years, you can then sell the property without any limitations or restrictions.

The minimum investment amounts for applying to Turkish citizenship is $250,000 USD for property investment and $500,000 USD in Bank Deposit option. By investing such amounts in Turkey, you can become a citizen of Turkey shortly within 3 months only after completion of investment.

It takes around 3-4 months to acquire Turkish Citizenship status officially once after the completion of the investment, and you can also collect your new Turkish Passports and ID Cards immediately after.

With the amendment of Turkish Citizenship Law No 5091, Turkey grants investors Turkish Citizenships by making an eligible investment in Turkey the conditions of which are also stipulated by law.