Turkish Citizenship by Investment: Your Complete Guide to Acquiring Citizenship in Turkey
Are you looking to become a Turkish citizen?
The Turkish Citizenship by Investment program offers unique opportunities for individuals seeking to invest in Turkey. By meeting a minimum investment requirement, you can enjoy the benefits of Turkish citizenship and access all its advantages. This guide breaks down the simplified process step-by-step and provides the documentation needed for a successful application.
Why Choose Turkish Citizenship by Investment?
Since the Turkish government introduced the Turkish Citizenship by Investment program in September 2018, it has become an increasingly popular option for foreign investors. Foreign nationals can qualify for Turkish citizenship with a minimum investment of 400,000 US dollars, making it one of the most attractive investment opportunities globally.
This program allows investors to access all the rights associated with Turkish citizenship, including the ability to live, work, and do business in Turkey and the possibility of holding dual nationality. Turkey’s strategic location between Europe and the Middle East also offers great potential for business ventures, real estate investments, and tourism.
Steps to Obtain Turkish Citizenship by Investment
The Turkish Citizenship by Investment process has been streamlined to make it as simple as possible for investors. Here’s a step-by-step guide:
Phase 1: Obtain a Tax Registration Code
The first step is obtaining a tax registration code. You can easily obtain this by visiting any tax service point in Turkey. Bring your valid passport and a color passport photo with you. This code will be necessary for various legal processes, including opening a bank account and purchasing property.
Phase 2: Open a Bank Account
To proceed with the investment, you must open a Turkish bank account. This requires a tax registration code and a valid passport. The bank will assist with the process and may ask for proof of your address. Most banks will handle the photo requirements as part of the account-opening procedure.
Phase 3: Find a Property Worth at Least $400,000 for Turkish Citizenship by Investment
The next step is finding a property that costs at least 400,000 US Dollars. This could be a single residential property or a property with multiple units. Still, it must be a completed or near-completed project. The relevant authorities must also approve the property, with a Title deed issued by the Ministry of Environment and Urbanization.
Phase 4: Proceed with the Property Purchase
Once you have found the right property, you can buy it. The purchase must be made via a bank transfer, and the necessary receipts should be kept. The Turkish government requires that the property is not resold for at least 36 months after the purchase. After this period, the property can be resold, and you will retain your citizenship rights.
Phase 5: Obtain a Conformity Certification
To confirm your investment, you will need to provide a conformity certification. This includes submitting a formal valuation report and proof of bank transfers to the Ministry of Environment and Urbanization.
Phase 6: Apply for Residency
Once your property purchase is complete, you should apply for residency with the Turkish government. This step involves submitting the necessary documents to Turkey’s Directorate General of Migration Management.
Phase 7: Apply for Turkish Citizenship
After completing the residency application, you can submit your Turkish Citizenship by Investment application. The application process is straightforward and relatively quick compared to other citizenship by investment programs worldwide.
Documentation Required for Turkish Citizenship by Investment
To apply for Turkish Citizenship by Investment, you will need to submit the following documents:
Birth Certificate: An authentic copy with official stamping from your country’s authorities or the Turkish embassy in your country.
Marriage Certificate or Divorce/Death Certificate: If applicable, a marriage certificate or proof of divorce/death with official stamps.
Photographs: Four passport-sized photos with a white background, measuring 5×6 cm, for all family members applying for citizenship.
Valid Passport: Your current, valid passport.
Proof of Address: Documentation that proves your residential address, as required by the bank and government offices.
Receipts for Wire Transfers: Proof of your property purchase through bank transfers, as described in the process.
Additionally, ensure all documents are verified by the appropriate ministries, including the Attorney General’s Office.
Maximos Real Estate: Your Trusted Partner
For more information on the Turkish Citizenship by Investment program or to explore available investment properties, Maximos Real Estate is here to help. With a wide range of properties across Turkey, including luxury apartments, commercial properties, and those with sea views, we offer the best investment opportunities to help you secure your Turkish Citizenship by Investment.
Conclusion
The Turkish Citizenship by Investment program is an excellent opportunity for foreign nationals to invest in a country with growing economic potential, a strategic geographic location, and a high quality of life. By following the simple steps outlined above and preparing the required documentation, you can quickly and efficiently acquire Turkish citizenship.
Let Maximos Real Estate guide you through every step of the process. Reach out today to explore the investment opportunities that suit your needs and start your journey to becoming a Turkish citizen.
