There is no other country like Turkey. With a dash of history and a pinch of beauty, Turkey has been alluring people from all around the world. Wouldn't it be rwarding if you could set up a little home of yours in this picturesque country? Now, you can also get citizenship by investment in turkey.
Titles
Why should you get citizenship by investment in turkey?
Turkey undoubtedly has a lot to offer- from its amazing cuisine to the smooth concoction of cultures. Turkey houses a welcoming ambiance with a stunning combination of modern and traditional lifestyles. Here, the east meets with the west to give you a reason to say that you live on two continents simultaneously. But, on a serious note, Turkey has a lot more for you. Read along to know more:
- Turkey has high standards of living.
- Safe and secured environment
- The property costs are comparatively low here
- You can have dual citizenship
- No residency is needed
- Fast application process
- Acquiring a passport for the family is as smooth as it gets
- Rental incomes come as an added incentive
- All Turkish properties are freehold properties
- You do noto declare worldwide income and assets in other countries
- You can travel without a visa to almost 100 different countries that include countries like Japan, Brazil, Thailand, Malaysia, Indonesia and many others
- You don’t need to donate heaps of money while investing in property in Turkey
Don't all the above points make you want to make Turkey your second home?
Know the criteria to get citizenship by investment in turkey:
The Turkish government does not restrict foreigners from investigating in more than one property. You can invest in residential or commercial property and be let for rental income, or sold after 3 years.
Being a foreign investor, you have to meet the following criteria to get citizenship by investment in turkey:
- You have to spend an investment amount of approximately a minimum of USD 250,000 for property acquisitions.
- Buying government bonds worth USD 500,000 is another mandate for foreign investors
- You have to deposit approximately USD 500,000 in the Turkish banks
- You have to create a minimum of 50 jobs
Documents required to get citizenship by investment in turkey
The process of citizenship acquirement in Turkey is very smooth and hassle-free. You can finish your property investment within 1 to 3 weeks, and your documents will be prepared in 4-6 weeks. You get the residence permit within 4 weeks of submitting your application. You will need a minimum of 8 weeks to get hold of the citizenship approval.
Here is a list of the documents you need to have:
- Passport
- Birth certificate
- Health insurance
- Power of attorney
- Marriage certificate
Added benefits of getting citizenship by investment in turkey?
If you are thinking of the future, then you must know that citizenship by investment in turkey is in no way different from citizenship attained by birth. Citizenship can be passed down to generations after you.
But, wait, there are more:
- If you have Turkish citizenship, then you automatically get entitled to the state pension
- Turkish citizenship ensures that you and your family get free healthcare facilities
- Free education is also a benefit you can enjoy out of Turkish citizenship
- You even get the right to vote in Turkey
Hey, brush up on all the requirements and set out to have a second h9ome against the impressive Turkish backdrop.
