Frequently Asked Questions (“FAQ”) about Turkish Citizenship By Investment Program:
Do I have to travel to Turkey to start Turkish Citizenship procedures?
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.
Do you offer Approved Properties for Turkish Citizenship?
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 tam 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.
For Turkish Citizenship application, should the investment of minimum $250K USD be in a single property? If the applicant invests into two or more separate properties, will he be eligible to apply for Citizenship?
Turkey Citizenship by Investment programme allows the investors/main applicants to invest into multiple properties/units, provided that the total amounts exceed $250k USD, you can proceed with the ownership of multiple properties.
For property option, is any property valued above $250K eligible to apply for Turkish citizenship? Or are there only specific real estate projects that are approved and eligible?
The property shall essentially meet certain criteria including having a verified expert valuation report in place as well as a building license, and the title deed shall also be ideally clear out of any restrictions on the Title Deed before finalising the sale transfer. Otherwise it will not be suitable to proceed for Turkish Citizenship.
In Bank Deposit Option, can I earn interest on the deposited amounts?
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.
Is the Turkish citizenship acquired/valid for life?
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.
Can we change our names after obtaining citizenships?
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.
Do the applicants have to reside in Turkey for a certain period of time at any stage of the application?
No, there is no residency requirement in Turkey either during the application process or after obtaining Turkish citizenship. You can keep living abroad after obtaining Turkey citizenship.
How many times will the applicants need to travel to Turkey during the whole application process?
Ideally it is advisable to visit Turkey first for the initial procedures and then secondly once the citizenship is obtained for submission of fingerprints. However, if you are not able to travel to Turkey, we can then advise you on your Turkish Citizenship application without your visit required to Turkey, though certain conditions will apply.
How many family members can apply for citizenship along with the Main Applicant?
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.
Turkish Citizenship for new children (those who are born after acquisition of TC) Does the child need to be born in Turkey or can the child be born anywhere?
Turkish citizenship can be acquired through birth from a Turkish citizen father or mother within the union of marriage, regardless of the birth place. Once you become a citizen of Turkey through the Turkish investment programme, your future children will automatically acquire Turkey citizenship by birth.
Is there any language requirement to apply for Turkish Citizenship?
There is no Turkish language knowledge requirement to apply for Turkey’s citizenship by investment programme.
Once the Turkish citizenship is acquired, in the case that the applicant will not stay in Turkey, what will be his tax liabilities in Turkey?
Turkey will not tax you for your income abroad. In principle, you would not be liable to pay taxes in Turkey if you would not reside inside Turkey for more than 6 months. Nonetheless, the exemption to this could be if/when you would earn a regular income inside Turkey; for example if you would rent out your investment property, and if/when you are earning rental gains, then you would be subject to pay taxes arising of such income. We can provide you further detailed Turkish tax advice, Turkish and international tax optimisation, wealth management services according to your specific case and requirements.
Once being granted for Turkish citizenship, is it compulsory to exercise military services in Turkey?
As a rule, Turkish Citizenship by Investment Investors (Main Applicants) who are aged over 22 years old are all exempted of military in Turkey. Therefore you will not be liable to exercise military service after you would obtain Turkish Citizenship if you are over 22..
However, male children would be later liable with Turkish military service once after they would be over 18 years old. But with the recent changes made in Turkish law, it is possible to be exempted of military service in Turkey by paying a fee of around $6000 USD to the relevant Turkish Authorities.
Is there an official legislation for the Turkish Citizenship by Investment Program?
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 theInvestment Office of the Presidency of the Republic of Turkey for further information.
How can I invest in Turkish citizenship?
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.
How much does it cost to invest in Turkey to get citizenship?
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.
How long does it take to get Turkish citizenship by 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.
Does Turkey give citizenship to foreigners?
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.
Which countries give citizenship by investment?
For the time being, along with Turkey, Montenegro, and Vanuatu as well as Caribbean nations including Antigua, Dominica, Grenada, St Kitts and Nevis, Saint Lucia offers Citizenship by investment Programs (CIP). Please contact us if you would like to have further info on other CIPs.
How strong is Turkish passport?
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 111 countries globally.
How can I get permanent residency in Turkey?
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.
Can I live permanently in Turkey?
It is required to have a Residency Permit in Turkey to live permanently in Turkey, the conditions of which is subject to rules.
Can a foreigner buy a house in Turkey?
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.
How much does a Turkish residence permit cost?
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.