TürkiyeCitizenship By Investment

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Overview

The Citizenship by Investment Program of Türkiye allows foreigners to obtain citizenship in exchange for a property investment valued at least US$ 400,000. The program also offers alternative investment avenues.

Investment Options

  • Purchase of a real estate;
  • Fixed capital transfer;
  • Bank deposit;
  • Investment in Government Bonds;
  • Buying shares of a real estate investment fund or a venture capital investment fund;
  • Investment in a private pension system
  • Creation of at least fifty (50) jobs.

Family Inclusion

Applicants for the Türkiye CBI program can include spouses and children under the age of 18 years, as well as disabled children of any age, as dependents in the citizenship application.

Eligibility Criteria

To be eligible for the Turkish citizenship by investment program, the main applicant needs to be at least 18 years old, must not have stayed illegally in Turkey, and is required to cover the associated taxes and process costs. They have also to pass the Due Diligence review.

Remarkably, Türkiye CBI applicants are not required to disclose their source of funds. Citizenship acquired through the CBI program can transferred to descendants. The country allows dual citizenship, thus there is no need to renounce the current citizenship(s).

Moreover, Turkish passport holders have the opportunity to relocate to the USA and establish a business through the E-2 Investor Visa. However, Türkiye boasts high living standards and its citizens enjoy secure environment and high-quality lifestyle.

Benefits

Visa-free travel

Turkish citizens enjoy visa-free access to over 111 countries and territories.

Potential ROI (Return on Investment)

Acquired real estate can be rented out, generating profits for the owner.

Simple Application Process

Application process is straightforward and can be accomplished in 3-6 months. There is no previous experience or language requirement.

Favorable Taxation

Türkiye does not impose taxes on worldwide income, capital gains, gifts, wealth, and inheritance.

Accessible World-class Healthcare

Turkish citizens have access to public health services provided by the state, including medical treatments, emergency care, and preventive care.

No Physical Residency Requirement

Investors are eligible to apply immediately without any specific physical residency prerequisites. The whole application process can be accomplished remotely.

Investment Options

Foreign investors who fulfill at least one of the investment options listed below can attain citizenship in Türkiye:

Purchase of real estate(s) (residential or commercial) in Türkiye with a minimum value of US$ 400,000, and the mandatory holding period of three (3) years
A fixed capital transfer of at least US$ 500,000 into a Turkish company.
Depositing at least US$ 500,000 into a Turkish bank, with a mandatory holding period of three (3) years.
Purchasing Government bonds valued at a minimum of US$ 500,000, with a mandatory holding period of three (3) years.
A purchase of government bonds with value of USD 500,000, maintain it for at least 3 years.
Commitment of at least US$ 500,000 into a private pension system in Türkiye, with mandatory holding period of three (3) years
Creation of employment opportunities for a minimum of fifty (50) individuals, officially endorsed by the Turkish Ministry of Family, Labor, and Social Services.

Applicable Fees

The Türkiye CBI applicants are required to cover the following:

Due diligence fee for main applicant USD 7,500
Due diligence fee for any dependent above 16 USD 4,000
Application forms per applicant USD 250
Passport fees USD 300

Application Process

Step 1 : Internal Due Diligence and Qualification Assessment
Bayat Legal Services' compliance team will conduct an internal due diligence check, including a background security screening of the applicant, preparation of KYC (Know Your Client), and a qualification assessment. This process is designed to minimize the risk of application denial.
Step 2 : Application Preparation
Preparation of the tailored list of documents. The client signs a retainer agreement with Bayat Group. Gathering documents required for the application, including translation, certified copies and the required government forms.
Step 3 : Making Investment and Application Submission
Applicants need to make the qualified investment and meet the eligibility criteria. Bayat Group team prepares the CBI application for submission.
Step 4 : Issuance of Residence permit, Due Diligence Review and Citizenship Application Processing
Bayat Group's experts will aid in acquiring a residence permit in Turkey, followed by the submission of the investor's citizenship application. Authorities conduct a Due Diligence process that typically spans 2 to 3 months. Specialists review investors' documentation and verify details about them and their families through international databases. The Due Diligence reports is crucial, as the outcomes of the assessment determine the applicants' eligibility for citizenship.
Step 5 : Citizenship Granted and Passports Issued
Upon the application's approval, the investor and dependents are issued a passport. There is no need physically to visit Turkey for passport collection is eliminated, as the document can be acquired at a Turkish embassy or consulate in a different country. If the investor desires an ID card, the submission of fingerprints is a prerequisite. This fingerprinting procedure is typically arranged at a Turkish embassy, or alternatively, the investor may choose to visit Turkey for this purpose. The ID card is generally ready within 2-3 weeks following the fingerprinting.
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