If Compared to Other Countries How Attractive is Turkish Citizenship by Investment Program

Citizenship is now being employed globally to support the economy and the government’s labor policies and encourage foreign investment. The necessary regulations have been enacted in various countries concerning this. You can obtain Turkish Citizenship through buying real estate and capital investment, job creation, purchasing loans, deposits, and deposits.

It is accepted that foreigners who have first had a residence permit issued within Turkey in 2016 and who have a residence permit issued by the Republic of Turkey in 2016 and also hold the Turquoise Card, as well as their spouses from abroad and children who are under 18, can obtain Turkish Citizenship in the case of certain circumstances. The law is numbered as 6735 (International Labor Law) of 2016foreigners who aren’t employed in Turkey and who make investments within the specified scope and in a certain amount, as well as their spouses from abroad and children under 18 years old, can obtain Citizenship. However, the conditions for the investment that is made aren’t specified.

The type and size of this investment were made clear because of the amendments to the board’s decision which took effect in the year 2017 and a year earlier. In 2018, following the Presidential Decision, the previously established investment amounts were reduced as well as the conditions for application were made easier to apply. In 2018, the door was made available to foreigners who wanted to obtain Turkish Citizenship by purchasing property worth at minimum two million dollars (US USD).

This article will describe the procedure for foreigners obtaining Turkish Citizenship through investments. We will discuss the topic in detail and classified by type of investment and the benefits of becoming a Turkish citizen.

Conditions for Acquiring Turkish Citizenship by Investment

In the case of amendment number 418 made on 07.12.2018 by the Presidency’s ruling number 106, which was published within the Official Gazette on 19.09.2018, foreigners will be eligible to obtain Turkish Citizenship only if they fulfill at least one of these requirements.

1. Turkish Citizenship by Fixed Capital Investment

It is mandatory to have a capital investment of at least 500,000 USD (US Dollar) or in a foreign currency or Turkish Lira equivalent. This figure, set at 2,000,000 USD (US Dollars) before the change, was decreased to 500,000 following the change. The Ministry should approve the capital investment required of Industry and Technology.

2. Turkish Citizenship by Purchasing Real Estate

An owner must sign a title deed on the immovable asset at least two million dollars (US dollars) or another foreign currency or Turkish Lira equivalent, indicating that it cannot be sold for less than three years is registered in the registry of land. Transfer and abandonment of the property are not granted for three (three) years. The contract is to be signed by the notary public once the foreign buyer has bought.

3. Turkish Citizenship by Employment Creation

It is crucial to employ at least 50 persons (reduced by 50 to 100 following the last change to the law). The work requirements are set in The Ministry of Family, Labor & Social Services.

4. Turkish Citizenship by Deposits in Banks

It must make at least $500,000 (US USD) or another international currency, or Turkish Lira equivalent to banks operating within Turkey. The Republic of Turkey. They are held for a minimum period of 3 (3) three (3) years. The Banking Regulation and Supervision Agency are the ones to decide the transactions.

5. Turkish Citizenship and the Government’s Borrowing Instruments

It is essential to buy the government’s debt instrument for a minimum of 500 000 USD (US Dollars) or an equivalent alternative currency such as a foreign exchange (or Turkish Lira equivalent, provided that it’s kept for at least 3 (3) three (3) years. The transaction has to be approved through the Ministry of Treasury and Finance.

6. Turkish Citizenship and Investment Fund Participation Share

It is mandatory to buy venture capital participation shares or real property investment fund participation shares that are at least 500 000 USD (US Dollars) or another foreign currency or Turkish equivalent in Lira if maintained for a minimum period of 3 (3) years. The purchase must be approved through the Capital Markets Board.

Becoming a Turkish citizen and possessing a Turkish passport has become simpler with the new rules. Foreign nationals are granted Turkish Citizenship and passports by purchasing real estate or investing in the required amount. If you hold a Turkish passport, you’ll be able to travel across more than 123 nations without the need for a visa, a visa upon arrival, or by obtaining an electronic visa.

What advantages are the Turkish passport’s advantages, a prime target for investors searching for properties that will grant Turkish Citizenship? Are you aware of the power that is Turkey’s Turkish passport? Which countries permit visa-free entry? What are the benefits of getting Turkish Citizenship?

Advantages of Turkish Citizenship

  • You can get a Turkish passport and Citizenship in only 120 working days.
  • No, an absolute residency requirement.
  • You can travel to over 111 countries with no visa or visa on arrival. Twelve countries are eligible for e-visas with ease-of-use and swiftly get into the 26 Schengen countries.
  • Turkish passport is one of the top passports in the world.
  • You are entitled to education for free at state universities.
  • There is no need to have a residence permit.
  • You are eligible for retirement programs just like any Turkish citizen.
  • It is possible to vote in elections.
  • You are entitled to all rights to medical treatment.

You can get dual Citizenship through a Turkish passport that is valid for over ten years.

When you become a Turkish citizen, you can travel to Georgia, Moldova, Northern Cyprus, and Ukraine without having a passport. Some of the countries you can visit without having a visa if you are a Turkish passport holder include Japan, South Korea, Malaysia, Singapore, Hong Kong, Indonesia, Brazil, Argentina. You are also able to travel to Australia using Visas online.

Being a Turkish citizen is an aspiration for many, and the Turkish passport is now an unavoidable gift that gives you a sense of belonging to a past and future. The most recent regulations that allow you to become a Turkish citizen by making property investments became more accessible, and the door is tall and wide.