Turkey has been an immigrant-receiving country since the 2000s. With its increasing economic and social capacities, Turkey is becoming a more important focal point for many people who seek investment, education and better living standards. Thus, there is an increase in the applications for Turkish citizenship. There is a various way to get Turkish nationality. A person can acquire Turkish nationality through education, investment, marriage, by birthplace, etc. For the one who wonders ‘How to get Turkish nationality by investment’, the conditions are outlined in the below.
There is huge confusion on how to get Turkish nationality by investment due to the adjustments that were made about the limits on investment to get Turkish nationality. Thus, some sources provide information that was before 2018 adjustment on the law and this creates a duality on the conditions.
Here is the updated information on how to get Turkish nationality by investment:
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Get Turkish Nationality by Buying Immovable Assets:
It is possible to get Turkish nationality by buying immovable assets worth of at least $250.000. After the adjustment that was made in 2017 the minimum limit to get Turkish nationality by buying immovable asset was reduced to $250.000 from 1.000.000. But there are also some conditions:
- The immovable asset has to be at least worth of $250.000 or the equal of it for other currencies. The currency difference that is equal to dollar has to be annotated. After it is recognized by the Ministry of Environment and Urbanization, the person can apply for and get Turkish nationality.
- The immovable asset that is bought to get Turkish nationality can’t be sold for 3 years
Turkey is an appealing country for investment in immovable assets. With the booming construction sector, buying houses and offices is the most stable investment in Turkey. The prices are also very low compared to other European countries. There are lots of cities in construction and numerous new places are open for construction investment and have a high potential to be a stable and profitable investment. Not only İstanbul but also numerous cities of Turkey are developing are creating new living areas thus potential investments through immovable assets such as İzmir, Trabzon, Antalya, and Bursa.
For the immovable assets like houses and offices in İstanbul and other big cities in Turkey, you can visit this website and see the opportunities and guides to get Turkish citizenship through buying immovable assets.
Get Turkish Nationality by Making Investment
Another way to get Turkish nationality is through making an investment. The minimum amount to get Turkish nationality through was $2.000.000 before the adjustment. After the update, the minimum amount was reduced to $500.000 or its equal for other currencies. After the investment, the investor should apply for Turkish citizenship after he/she takes the document that shows the investment worth of at least $500.000. The investor has to apply to Ministry of Industry and Technology General Directorate of Incentive Implementation and Foreign Investment to check the inconvenience of the investment. After completing all the conditions, the investor can apply for and get the Turkish nationality.
Get Turkish Nationality by Generating Employment
Another way to get Turkish nationality is through establishing a business that can employ at least 50 people. The foreigner has to prove that the business creates employment for 50 people to the Ministry of Labour, Social Services and Family. After completing all these conditions, the person can apply for and get Turkish citizenship.
These are the different ways that show how to get Turkish nationality by investment. After adjustments, it is a lot easier to get Turkish nationality by investment compared to other European countries.
Advantages of Getting Turkish Nationality by Investment
Turkey is more appealing compared to other European countries to investors. Here are the reasons that make Turkey a more advantageous country to get nationality through investment:
- The minimum amount to invest is reduced to very low prices. For immovable assets $250.000, for investment $500.000 and for business employment 50 persons.
- Another factor that makes Turkey appealing to get nationality through investment is the freedom given to the investor to sell his/her investment three years after citizenship. It enables investors to withdraw their investment and their citizenship will remain unaffected.
- Family condition is also another advantage for investors. Turkey does not make it necessary to move to Turkey with your family to get Turkish nationality through investment. It means you can get Turkish nationality without moving your family to Turkey.
- The last condition is that Turkey does not ask investors to give up their own nationality to get Turkish nationality. That means you do not have to give up your own nationality to get Turkish nationality, you can have both at the same time.
Process to get Turkish Nationality Through Investment
Making the investment is not enough to get the citizenship, you should know the procedure and process to know where to apply to get citizenship. The application address changes according to your type of investment.
- If you make an investment through buying immovable assets, you have to apply to Ministry of Environment and Urbanization to prove the convenience of the investment to get Turkish nationality.
- If you make a capital investment, you have to apply to Ministry of Industry and Technology General Directorate of Incentive Implementation and Foreign Investment to prove the convenience of the investment to get Turkish nationality.
- If you make an investment by creating employment, you have to apply to the Ministry of Labour, Social Services and Family General Directorate of International Labor to prove the convenience of your investment to get Turkish nationality.
To sum, Turkey is an appealing country to get nationality through investment. With its advantages such as the freedom to withdraw the investment after three years, the freedom to move or not move the family to Turkey and freedom to stay in your own nationality besides Turkish nationality. Thus, with all its advantageous prices and conditions, Turkey accepts citizenship through investment in different types such as immovable assets, capital investment or creating employment.
