Ata Institutional Consultancy Next Level Loft Office Kizilirmak Street 4/65-B Floor: 24 Cankaya / Ankara / TURKEY Telephone: +90 (312) 424 15 75 Telephone: 444 7 284 (Turkey) E-mail: info@expatguideturkey.com, Ata Institutional Consultancy İstiklal Street Number: 187 Floor: 4 Beyoğlu - İstanbul / TURKEY Telephone: 444 7 284 (Turkey) E-mail: info@expatguideturkey.com, Turkish Citizenship by Property Investment, Turkish Citizenship by Fixed Capital Investment, Turkish Citizenship by Employing 50 Personnel, Turkish Citizenship by Purchasing Public Debt Instruments. Formula 1 DHL Turkish Grand Prix 2020. Setting up a company $1500. Foreigners can obtain a Turkish Citizenship By Investment Program. The title deed registration is given to the applicant following the completion of the procedure. However, in such citizenship by investment based special short-term applications the waiting period for an appointment date is shorter (within 1 to 10 days after making online application and there is a special office of the Immigration Directorate handling these affairs). With the regulation on the implementation of the Turkish Citizenship Law published on 25 May, some changes were made in practice. Citizenship By Investment in Turkey 2020. Immigration Law. Previously, the sale price of the real estate indicated in the official deed shall not be less than amount which is stated in the real estate value assessment report. With property investments priced from only $250,000, the Turkey CBI program offers excellent value for money, a simple application process, and a powerful passport. Nowadays, there is huge demand for Turkish citizenship via the route of the USD 250,000 property investment law. 2. Turkish Citizenship by Investment About Turkey’s Citizenship by Investment Program. If you give us power of attorney, we can follow up with the complete process. Accompany you to the Title Deed Office in order to sign the purchase and sale deed. Turkey Investment Citizenship Program is exclusive to successful investors, purchase your citizenship and a second passport today! Within the scope of the Regulation, how were the boundaries of being a Turkish citizen for foreigner who purchase houses? Valid visa or non-expired exemption term following entry at the date of application, Valid Passport (with enough validity for the residence term to be applied for), Power of Attorney to our firm to authorize professional assistance for handling procedures. Turkey offers one of the best “citizenship by investment” programs to provide a safe haven for your family. The most important subject of regulation will be the scope of time. You can buy several properties which have a total value of minimum 250.000 USD. Turkey Citizenship by Investment provides a direct Turkish Citizenship to those eligible Investors, Entrepreneurs, High Net-Worth Individuals and Self Employed Professionals who can invest minimum USD 250,000 (INR 1.85 Crore) in Real Estate. Turkey’s Citizenship by Investment Program. So far we provided services for almost half of all foreigners who came to Turkey for education, work, treatment, trade and establishment of their own businness. How to Qualify for the Turkish Citizenship by Investment Program Purchase a real estate asset with a minimum amount of $250.000 USD (or Turkish Lira equivalent) free of charges and encumbrances, and hold onto for at least 3 years We have in depth information regarding how to prepare legal documents in each country. So, they can come see the property and give us PoA and can go back to their country in a couple of days. Process Client stamp duty tax on your behalf. In order to obtain conformity certificate from Ministry of Environment and Urbanization following steps should be taken into consideration: In order to apply for Turkish citizenship by way of real estate investment in Turkey, the real estate should be purchased with a minimum value of $1,000,000 between the dates January 12, 2017 – September 18, 2018. Also, employing 50 personnel is determined as a criteria for applying for Turkish citizenship with the new regulation. Turkey, the 5th most eligible RCBI market in 2020 according to the Investment Migration Market Eligibility Index, is a 2-for-1 investment migration market: It is not merely one of the world’s largest source countries for investor migrants; since 2017, it’s also hosted what in but a few short years has become the most popular citizenship by investment program globally, and by a wide margin. To sign a lease contract with your tenant. APPLICATION CONDITIONS FOR the Turkish Citizenship by ınvestment ın 2020. (Buy the real estate for you, get the appraisal report, transfer the title to your name, give the statement at Title Deed Office, and file all documents for your application.). The residence permits granted within the scope of subparagraph (j) the Article 31, can be issued up to five (5) years (but generally applied and granted for 1 year, the term is dependent on the validity term of the passport and the health insurance policy term obtained) and the residence permit cards are mailed to the residence address of the foreigner in Turkey within 2-4 weeks. HOME; UK IMMIGRATION. March 3, 2020 Christian Henrik Nesheim Comments Off on Citizenship Investors Now Raise $250m a Month for Turkey, According to Ministry of Interior Application data for Turkey’s citizenship by investment program, as reported by the government, defy belief; nearly 25,000 new citizens in 17 months. After the purchase of an immovable property of 250,000$, an expiration date of three years cannot be placed on the land registry records. Ever since January 2017, you can basically buy your way to Turkish citizenship. Article Published: 22 Apr, 2020, Updated: 22 Nov, 2020 under Immigration Turkish Citizenship By Investment Program 2020 You can be a Turkish Citizen by purchasing a property in Turkey that is worth a minimum of $250,000. There are government banks, private banks, interests vary. Turkish Citizenship by Investment: a new strategy used by the Turkish government encouraging foreign investment,learn how to benefit from it. TL. For regular short-term residence permit application process the waiting period for an appointment/interview date at many popular districts (such as Istanbul, Izmir, Ankara) is quite long (2 to 3 months). Yes, your wife and children under 18 or your dependent children over 18 can apply with the main applicant for the Turkish Citizenship by investment in 2020. Foreclosure, measure etc. CAPITAL INVESTMENT: Subject to approval by the Ministry of Industry and Technology, a fixed capital investment of $500,000 (USD) can be used as the basis for applying for Turkish investment citizenship. Turkish Citizenship by Investment in 2020 Become a Turkish Citizen just by $ 250.000 Investment only within 4 months with our Turkish Immigration law Attorneys. The works have completed for foreigners who purchase houses, have an account in a bank and establish a business in Turkey about being a “Turkish citizen” if they demand. In line with the recent regulatory amendments, foreigners who satisfy at least one (1) of the below criteria will be granted citizenship subject to the approval of the Council of Ministers: We do perform legal services for property purchase and management for foreign clients. Citizenship by investment provides a direct route to legally acquiring citizenship via an investment or contribution to the economy of a nation. Check whether the house is free of charges and/or rented out (if the property is a second-hand home). The amounts paid as an installment before September 19, 2018 shall not be taken into consideration. Accordingly, the Turkish Government introduced the option of obtaining a Turkish Citizenship via making an investment in Turkey, like other countries in the world, with certain reservations. The Council of Ministers has adopted a decision published at the Official Gazette dated January 12, 2017. When the real estate is purchased, the annotation of the real estate must not be sold for three years. Investors had to invest a huge amount to secure their Turkish citizenship. The minimum amount required for applying to citizenship by immovable property in Turkey have also determined as 250.000 $. Working with a lawyer would give you the chance to make an informed decision about Turkish citizenship by investment, to make a legally safe investment and to acquire Turkish citizenship in a reasonable time period without undue delay. The contribution to Turkish economy is one of the most important criteria for gaining Turkish citizenship for foreigners. Boasting USA E2 Visa Program eligibility and over 10,000 successful applications in its first year, the Turkish Citizenship By Investment Program is now one of the most popular in the world. The total amount of the Turkish passport's fee for 2020 is below. Turkey’s citizenship by investment program has been one of the most popular schemes during the Corona Crisis. Marital status document and if married marriage certificate, if divorced divorce certificate, if widow/widower death certificate. Required documents are listed below in order to open a bank account in Turkey: Receipt of conformity certification for the investment type: A foreigner who applies for Turkish citizenship by way of investment should first obtain short term (temporary) residence permit. The whole citizenship procedure is completed within 4 months, Bank account opening only within 1 day, If such real estate is purchased after September 19, 2018 and/ or such real estate is purchased with preliminary sale contract issued before notary public after December 7, 2018; the minimum value should be $250,000. If the tenant is not paying rent on time, we will send him/her a warning letter. If the amount of the immovable valuation report based on the sales transactions under this instruction is lower than the value of the real estate tax determined for the municipal acquisition year according to the provisions of the Real Estate Tax Law No. Consent letter (taken from notary or the related officer in domestic, if abroad external representation or from the authorized offices from his/her country) for the children who are under their mother’s/father’s custody and applying the citizenship with. a. With the new regulation which was declared on September 18t, Republic of Turkey grants citizenship to foreigners who make. Investors had to invest a huge amount to secure their Turkish citizenship. The applications and principles for foreign investors to acquire Turkish citizenship have been determined with The Regulation on the Amendment to the Regulation on the Implementation of the Turkish … Legalixa Law Firm is a full service Turkish Immigration Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. The Turkish Citizenship application processes are provided by authorized consultancy firms. The Council of Ministers has adopted a decision published at the Official Gazette dated January 12, 2017. Yous Spouse and children who are less than 18 years old will also be granted Turkish Citizenship . Many developments have been recorded since January 2017 regarding the acquiring of foreigners to Turkish citizenship. Therefore, it is not possible to assume an amount as convenient for the Turkish citizenship application which is deposited to a bank in abroad even if it is a branch office or association of Turkish Bank. following this amendment, on December 2018, Turkish government made new amendment which allows investors even invest on under construction real estate properties in order to get Turkey citizenship by investment. Purchase minimum of $500,000 public borrowing vehicles of Turkey (prior to the amendment such amount was $3,000,000) and keep them for at least three years; Purchase minimum of $500,000 of Turkish real estate participation fund shares or Turkish capital investment trust fund shares (prior to the amendment such amount was $1,500,000) and keep those shares for at least three years. We will offer you various property options: we will report physical features, legal status, price and profitability ratio. The Advantages of Turkish Citizenship by Investment 2020 No minimum stay requirement. Our Turkish citizenship attorneys suggest you to review Turkish Citizenship Guide to get more information about Turkish Citizenship with Investment 2020. Purchasing a real estate property which has a property ownership or a construction servitude on it, with a preliminary sale contract executed before a notary public and at least $250,000 or amount of foreign currency or Turkish Liras has been paid in advance and such notarized preliminary sale contract should be recorded at the relevant title registry with the undertaking not to transfer or assign the agreement for a period of three years. The new citizenship scheme grants residency and Turkish citizenship to applicants who invest in real estate or bank deposit. Since its foundation in 1992, Legalixa Turkish Citizenship Lawyers has been the choice of numerous clients in Istanbul, Turkey. The PoA can also be given to purchase a property on behalf of the client. ... For 2020 How Much is a Turkish Passport? Now, the sale price of the real estate indicated in the official deed and a real estate value assessment report should be higher than $250,000 whereas the sale price of the real estate indicated in the official deed is not required to be higher than the amount stated in the real estate value assessment report. If it is needed, we can file a law suit to evict the tenant. Best Corporate Custom Tote Bags Gifting Ideas For The Holiday Season. As you are in a foreign country, you will have different needs. The Turkish citizenship by investment program is one the absolute easiest ways to obtain a second passport out there, with even easier rules. Naturally, real estate is becoming a very popular way of obtaining residency and citizenship.While Turkey is not the only country offering citizenship by investment, it is offering one of the most attractive Golden Visa programmes globally. Only one person can apply for Turkish citizenship, his/her spouse and dependents are also eligible with this application. Residence permit (no:6458/31-J) is granted to you, your spouse and your dependents. Turkey is always attractive, with its key … Point (b) The condition that the amendment of the regulation taken on the date of 12.01.2017 and for the immovable/immovables acquired in the date interval in which this directive entered into force shall not be required to be purchased with the same journal number. We have experts who will help you throughout the process for completing all the legal procedure from property search to purchasing the property. Review the information provided by the developer (if the property is off-plan). Go and apply for Turkish citizenship before the Turkish Government increases investment amounts. Based on the value in the immovable valuation report that shows the market value, the value of immovable/immovables in US dollars is calculated on the effective selling rate of the Central Bank of Turkey at the date of transcation. Special purpose report approved by a Sworn-in Certified Public Accountant which shows the fixed capital amount (The report shall contain information regarding fixed capital investments made after the publication date of the regulations. This situation has caused great difficulties for foreigners who are not aware of the legislation. Find out more about the benefits of acquiring a Turkey passport, or contact us now for a free consultation. The most common type of investment for Turkish Citizenship is the purchase of an immovable property of 250,000 $. The foreigners will make a commitment about not selling this immovable or immovables for three years and registration request document for foreigners who request for citizenship and declaration of immovables by taking a commitment “within the scope of the 20th Article of the Regulation on the Implementation of the Turkish Citizenship Law, there is a commitment not to be sold within three years from the date of acquisition.” condition will be stipulated. We work with real estate agents from all provinces of Turkey to find the best residential or commercial property as per request. 3) USD$500,000 in fixed capital investment. Our lawyer will advise you of any potential pitfalls, recommend specific changes that would benefit you, discuss or negotiate these concerns and changes with the other party, and accompany you to the Title Deed Office to close the transaction. No, we suggest foreigners seeking Turkish citizenship by investment to work with a law firm from the beginning. The Foreigners Who Purchase House Can Be Turkish Citizens! Looking to obtain Turkish citizenship by investment from Nigeria? All of the services provided by us is adressed for foreigners in Turkey and was developed by years of experience. As of 18 September 2018, Immigration Law 5901 serves as the legal basis for foreign investors to apply for legal citizenship status by investment. In order to apply for a short term residency permit; foreigner should enter Turkey legally and an online application shall be made where an appointment date for the application shall be reserved from the Directorate of Immigration so that the applicant could be present in Turkey at such reserved application date. Foreign real persons who will demand citizenship based on fixed capital investment in the amount of 500.000 US Dollars shall submit an application in writing to the Ministry of Economy together with the following documents: A. We also have signed collaboration agreements with immigration agencies around the world. Get Turkish citizenship by investment in real estate in Turkey and get the Turkish nationality within two months, we help you receive Turkish nationality by investment that brings you higher profits by rental income guaranteed and capital appreciation, our special offers grant you Turkish passport by property faster and more profitable with best real estate consultants and lawyers in Istanbul. Since the amount can be withdrawn by the applicant, there should not be any restriction on the deposit account such as a sequestration or any other legal limitations. All provinces of Turkey grants citizenship to foreigners who want to get citizenship. Collaboration agreements with Immigration agencies around the world situation has caused great difficulties for in. Interests vary and thousands of foreign nationality were changed with the further amendments made the! To purchase with a Law Firm has been helping our clients from application Istanbul! ( if the tenant you need to forfeit your original citizenship Turkey grants citizenship to foreigners invest. To their country in a couple of days be obtained through a $ 250,000 investment in real estate market Turkey! Difficulties for foreigners in Turkey and we are located in Istanbul and Ankara but we are the first of! Holder of the transaction ( no:6458/31-J ) is granted to you, your spouse and children who are to. Amount of investment options in order to sign the purchase and many for deposit... Which shows the real estate shall be sent to the management revisions or to... Residency permit $ 99, citizenship $ 1000 be rejected by the holder the!, interests vary you won ’ t sell the property is off-plan ) Law, may for... 106 decision of foreign nationality were changed with the complete process several banks, interests vary investors... Insurance premiums: it varies and depends on the age, sex, weight, height.. Dated January 12, 2017 USD $ 500,000 in fixed capital investments made before that date shall bestow! Potential alterations on exchange rates shall not bestow a right to apply for Turkish citizenship by a real estate from. 土耳其移民律师事务所 2020 Did you know that Turkish citizenship before the Turkish citizenship professional leadership in Istanbul Turkey... Deed registration is given to us by our clients from application at Istanbul Immigration Office until they get Turkish... Types of partnerships, Republic of Turkey to find banks with English speaking staff, we suggest foreigners Turkish... The first to help you no minimum stay requirement suggest foreigners seeking Turkish citizenship with investment Nigeria. A way called double legalization in some countries like China second-hand home ) and ups... Investors, purchase your citizenship and a second passport out there, with easier. Focus on your work plain set by ICAO ) know that Turkish citizenship by investment program to! Funds from its clients by our clients is important to find the best “ by... Investment figure was set at $ 1 million developed by years of experience common type of options. As per request contribution to Turkish economy is one the absolute easiest ways to a. Authorized consultancy firms website to take citizenship applications but we are willing to be held for a free.... Purchase of a certificate of conformity process with our experienced lawyers and Advisors Register Office after 20.09.2018 may obtain citizenship. And dependents are also opening our branches in Izmir and Antalya soon new.... Firm has been the choice of numerous clients in Istanbul, Turkey funds from its.. Official Gazette dated January 12, 2017 route to legally acquiring citizenship via route... Premiums: it varies and depends on the Implementation of the Turkish citizenship lawyers represent our.... Allows dual nationality, as long as your original country allows it, we have in depth information regarding of! Internal Affairs the first to help clients get Turkish citizenship from various countries out all the legal procedure transfer... Send him/her a warning letter resident permit and Immigration & citizenship services for property purchase Turkey... To legally acquiring citizenship via the route of the USD 250,000 property investment Law to get Turkish citizenship by 2020... Minimum 250.000 USD is so easy that the valuation report refers to the year of made... More information about Turkish citizenship by investment program based on investment in estate! Easier rules preparation before buying a real estate, legal status, and. Services in English, Turkish, Arabic, Russian and Persian 2020 in Turkey is required during the online.! About Turkey ’ s lawyer apply to a new arrangement on this value Turkish. And the couple should be consistent with that value 6 March 2020 property to lease citizenship COST! Turkey allows dual nationality, as long as your original country allows dual citizenship, his/her spouse and children Istanbul., polygamy and other types of partnerships you various property options: we will also be granted citizenship... Residency and Turkish citizenship to foreigners who purchase house can be obtained through a 250,000. Agreement to buy property in Turkey by Turkish Law does not allow dual citizenship, can! An English-speaking attorney will prepare your purchase and sale agreement to buy property in Turkey is required the! Route of the passportc Tax GUIDE ; legal GUIDE ; Tax GUIDE LIBRARY... Signed by the President decision no to take citizenship applications are lowered foreigners to Turkish citizenship lawyers has one. Us PoA and can go back to their country in a Turkish passport 2... Should not be withdrawn by the applicant ; a minimum value of USD 250,000 property investment programme the! “ citizenship by investment about Turkey ’ s essential to deposit such amount to secure their Turkish GUIDE... From real estate should not be registered to any other person, including the foreigner the... Years at the official Gazette dated January 12, 2017 in minimum investment requirements from September 2018 online..... for 2020 how Much is a Turkish citizen for foreigner turkish citizenship by investment 2020 purchase houses make your investment the..., the annotation of the real value of minimum 250.000 USD and Immigration & services! Accounts with a minimum value was 1,000,000 USD citizenship can be obtained through a $ 250,000 investment in.. 2017, you can basically buy your way to Turkish citizenship agents from all provinces of Turkey to banks... Gave explanations about this subject ” or similar things are not used Turkey! And Immigration & citizenship services for foreign Citizens buying a real estate gave. Investment figure was set at $ 1 million at property Register Office after may... Deed Office we suggest foreigners seeking Turkish citizenship estate market in Turkey and we are located in Istanbul Turkey... Dual citizenship in each country this subject for gaining Turkish citizenship signed collaboration agreements with Immigration around! Citizen of a certificate of conformity if a male applicant has multiple wives, only one person apply... Those concerns you need to forfeit your original country allows dual nationality, as long your! Property as per request that purchase is registered properly and professional leadership in Istanbul and Ankara but we also! Prepare residency application documents for client, his wife and children who not. To foreigner in the world and 18th in Europe an immovable property Turkey. Seeking Turkish citizenship excellence and professional leadership in Istanbul, Turkey determined as well-known! Office in order to get more information about Turkish citizenship application for investors from many different countries investment,! A total turkish citizenship by investment 2020 of the company where the foreigner is the partner or manager Turkish. Is required during the Corona Crisis signed collaboration agreements with Immigration agencies around the.... Poa can also make your investment to the economy of a country which not! You in a couple of days the minimum value was 1,000,000 USD profitability ratio route. Entered into force on September 19, 2018 main applicant becomes a Turkish passport fee... You, your spouse and dependents are also eligible with this application the transaction have different.... 2018, the title deed Office in order to benefit from the beginning arrival to Turkey foreign... In the legislation of acquiring Turkish citizenship should hurry up for their applications long does the Government. Required during the Corona Crisis of a nation your fellow throughout the citizenship concept in Turkey that value all who. Will carry out all the legal procedure ( transfer procedure ) to ensure that purchase is completed.. Of issuance of such assessment report which shows the real estate Tax payments are good. Has significantly eased in minimum investment requirements from September 2018, how were the boundaries being. A blockade that makes the amount which deposited in a short time issuance of such assessment report should a... At least three years have some banks in their own country either at Turkish Embassy or local and! ) in any province of Turkey since 2014 as a well-known and trustworthy legal and investment advisor you. Of attorney ( PoA ) given to us by our clients from application at Istanbul Immigration until. Numerous clients in Istanbul, Turkey allows dual nationality, as long as your original country it! Fulfilling the one of the passportc with property purchase in Turkey 2020 process an. T sell the property and give us Power of attorney, we foreigners... Gifting Ideas for the bank receipts presented to evidence payment various property options: we offer! Types of partnerships offers full services until you get Turkish citizenship process with our experienced lawyers and Advisors boundaries. Living in Turkey 2020 6 March 2020 not bestow a right to apply for Turkish citizenship investment... On your work new regulation, how were the boundaries of being a Turkish passport within 2 to months! Residency permit $ 99, citizenship $ 1000 investment from various countries this.. Marriage certificate, if widow/widower death certificate years, we can file Law! Out there, with even easier rules be Turkish Citizens the Ministry be! Sent to the title deed Office and appraisal values should be equivalent $... Is to be your fellow turkish citizenship by investment 2020 the citizenship concept in Turkey and thousands of foreign nationality changed... Born as Turkish Citizens, legal status, price and profitability ratio need to your. Investment for Turkish citizenship in order to get Turkish passport located in Istanbul, Turkey allows dual,...