Will I Need To Stay in Turkey For Turkish Citizenship By Investment?
Turkish Citizenship By Investment
Will you need to stay in Turkey for any specific time period to be allowed to apply for Turkish citizenship by investment? We’ll try to answer this question for you in this article.
When you become a part of Turkey as a citizen, it simply means you are opening up for treating yourself to awesome scenery, splendid food, and wonderful neighbors. Turkey has a vibrant lifestyle just like the western countries of the world. Besides, Turkey has a great significance geometrically too, as it lies between Europe and Asia. When you have so many positive things to look forward to, why wouldn’t you want to settle down in such a majestic country?
There is a convenient Turkish citizenship program available, which makes it easier for foreigners to reside in Turkey as a citizen without much hassle. Choose Turkish citizenship by investment as that can give you access to both the Asian and the European markets. Are you aware of how you can avail yourself of Turkish citizenship by investment, and what are the requisites to apply for the Turkish citizenship by investment program? This article is a definitive guide to answer all your questions regarding Turkish citizenship by investment.
Can You Get Residency in Turkey By Investment?
The first strategy for Turkish citizenship by investment was announced in 2016. It was launched by keeping in mind the Foreign Direct Investment (FDI), and to also improve the condition of the real estate sector of the country. If you are a foreigner and want to apply for this program, you have the choice to invest in different means and contribute to the society of the country.
At present, if you want to opt for Turkish citizenship by investment, you would need to invest in a property worth $250,000 in Turkey.
What is The Eligibility To Apply For Turkey Citizenship By Investment Program?
If you want to apply for Turkish citizenship as a foreign investor, you need to be:
- At least eighteen years old,
- You must never have stayed in Turkey as an illegal immigrant,
- You must pay all the necessary taxes of the country, and also bear the cost of the citizenship application process.
What Are The Documents You Need To Apply For Turkish Citizenship By Investment?
You need to have certain documents ready with you when applying for Turkish citizenship by investment. They are:
- Passports for all the individual applicants,
- Birth certificates for all the individual applicants,
- Latest utility statement as your residence proof,
- Colored photographs for all the individual applicants, and their biometric details,
- If you are married and want citizenship for your family members too, you need to furnish the marriage certificate as well,
- If you are divorced or have lost your spouse to death, you need to furnish the divorce or the death certificate,
- You must not have any criminal records in your name in your country (or in Turkey),
- Health insurance proof that is valid in Turkey,
- Turkish Tax ID number, and proof of investment worth $250,000 in a bank account in Turkey,
- You are eligible to bring your spouse and children who are below the age of 18 with you. In such cases, you will be the primary applicant and they will be your dependents.
Benefits That You Can Avail By Applying For Turkish Citizenship By Investment
There are several benefits attached to the Turkish citizenship by investment program. If you are looking forward to avail the benefits, here are some fascinating things to look forward to:
Facilities You Can Avail for Yourself in Turkey: When you get Turkish citizenship, you will have the right to live, work and also study in Turkey. Earn from your property investment in Turkey, and even rent it out if needed. Live the high standard lifestyle in Turkey, and let your children avail world-class education system of the country.
Avail Free Healthcare Facilities: Once you opt for Turkish citizenship by investment program, you will be given the Turkish passport(s) within four months of your application. Once you receive your Turkish passport(s), you will also be able to avail the of free healthcare facilities just like the local Turkish people.
Easy Visa Across the Schengen Zone: Turkish citizenship holders are eligible for visiting the Schengen zone without any additional visa or documents. There are many other countries too that have a bilateral agreement with Turkey to allow visa-free travel. Some of the countries where you can travel without any additional visa include; Singapore, Japan, Hong Kong, Mexico, Latin America, and South Korea.
How Can I Get Permanent Residency in Turkey?
One of the most important questions that come to mind is whether you need to stay in Turkey for a specific period to apply for Turkish citizenship by investment. Well, there is no such requirement by the country.
Do You Need To Know or Learn The Turkish Language To Apply For Turkish Citizenship By Investment Program?
No, there is no language requirement to apply for Turkish citizenship by investment. You may or may not know the Turkish language. But that would not cause any hindrance towards your application for Turkish citizenship by investment.
What Are The Minimum Requirements To Apply For Turkish Citizenship by Investment?
There are three different ways in which you can apply for Turkish citizenship by investment. They are:
Investment in Real Estate in Turkey: You can invest $250,000 in real estate in Turkey to apply for Turkish citizenship by investment program. There are several different types of properties in Turkey that are worth investing in. You can buy an apartment or a villa, you can also buy land or invest in multiple properties worth at least $250,000. You need to get the property registered and retain it for the next three years.
Capital Transfer To a Turkish Bank: If you do not want to buy a property in Turkey or create jobs, you can opt for a capital investment worth $500,000. Deposit the amount in a Turkish bank and retain the investment for three years.
Create Jobs For Turkish Locals: As a foreign investor, you should be able to offer jobs to at least fifty local people of Turkey. Start a business in Turkey, and employ local people to apply for Turkish citizenship by investment program.
If you need legal aid with any of these aforementioned topics, feel free to contact our legal firm in Turkey.