Nestled between Europe, Asia and the Middle East and Africa, Turkey has become one of the auspicious investment migration destination, as in 2019 authorities dramatically lowered the minimum investment requirements for its Citizenship by Investment Program, which allows foreign nationals to get Turkish economic citizenship and thus obtain a second passport from Turkey.
CITIZENSHIP BY INVESTMENT
- Full citizenship granted citizenship & passport will
be delivered in 6 months.
- Visa free to 110+ countries.
- Passport validity of 10 years and renewable for life.
- Lifetime citizenship and dependent family members
(spouse, children under 18) can be included.
- No interview or travel required during application process.
- No requirement of previous education or management experience.
- Equal, lifelong Citizenship state with global reach.
- Ease of doing local and international business.
- Potential Return on Investment (ROI) through renting out the real estate
- Possibility to apply for E2 visa in the USA
- Full free medical assistance for life for all family members
and access to one of the best healthcare facilities in the world
- No mandatory wealth declaration
- No restriction on dual citizenship.
Turkish government considerably slashed the minimum investment requirements for its Citizenship By Investment Program in September, 2019. Since then, foreign national, who will invest at least USD 250,000 into the Turkish real estate are eligible to apply for economic citizenship and within the period of 2 to 6 months obtain a second passport from Turkey. Along with real estate option, investors can opt for other forms of investment, such as bank deposit, or purchase of government bonds or shares of the venture capital investment fund or Capital investment of at least USD 500,000. The Turkish Ministry of Industry and Technology and the Ministry of Treasury and Finance should confirm the investments in the form of Capital transfer and acquisition of governmental bonds respectively. Investors are obliged to maintain investment for at least three years. Investors can also qualify for economic citizenship if they set up a business and create jobs for at least 50 Turkish employees, confirmed by the Ministry of Labor and Social Security.
Investor applying for second passport in Turkey should be at least 18 years old, must have clean criminal record and be in a good health. Applicants have to pass due diligence checks in order to qualify for the program. Investors’ Spouses and children below 18 years old can be included in the application, while children above 18 years old can apply for permanent residency permit in Turkey. Applicants do not have to learn Turkish language or travel to Turkey in order to accomplish the application process. Dual citizenship is allowed by Turkish legislation.
Becoming economic citizen of Turkey is beneficial in many ways: Turkey is a member of G20 and NATO; it has one of the highest GDP per capital in the region and its passport allows visa free access to 110 countries around the globe, including Japan, Malaysia, Singapore and most of the Caribbean Islands and South America. It is expected that in nearest future Turkey will sign a visa waiver agreement with the European Union, which will allow its passport holders to travel visa free to the Schengen Area. It is very easy for Turkish passport holders to obtain long-term, multiple entry visa to EU, US, Canada, UK and Australia. Turkey is also privileged to have an E2 Visa Treaty with the USA allowing its citizens to apply for E2 Visa in the USA. s.
Due to the recent devaluation of Turkish national currency Lira, it is much more beneficial to invest in Turkish real estate, as it will guarantee the Return on Investment (ROI) and give the opportunity to apply for its citizenship.
Our compliance team will conduct an internal Due Diligence, Qualification assessment and KYC.
Study the application, sign the retainer agreement, prepare tailor made list of documents and application preparation.
Purchase the property, start the business or buy bonds, submission, file review, due diligence process.
Final decision, approval letter issuance.
Naturalization certificates and Passports issuance.