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How to Get Turkish Passport by Investment?

7 February 2020
How to Get Turkish Passport by Investment?

Republic of Turkey, has eased financial conditions required to be Turkish citizens. The aim of this situation is to make Turkish citizenship attractive and to increase foreign investment in the country. There are certain conditions for obtaining a Turkish passport through investment.

In 2018, a number of amendments were made to obtaining Turkish passport by investment. The regulation of law which is published on official pages is settled out the principles, procedures and laws for the acquisition of Turkish citizenship by foreign investors. Accordingly, the US dollar limit required for foreign investors to obtain Turkish citizenship has been reduced. For example, it was now possible to become a Turkish citizen by purchasing housing of $ 250,000 while seeking $ 1 million. It stated that the Republic of Turkey on the date determined in determining the monetary value of the effective exchange rate of the Central Bank and / or cross-exchange rate will prevail.

There are certain conditions of Turkish citizenship through investment. Short- term and long- term residence conditions are as follows.

What Are The Short- Term Residence Permit Requirements For Foreigner Citizens?

You must first apply for permit to stay in Turkey. Short-term residence permit in order to qualify for your property or place of business in Turkey must notify referring to the Immigration Administration.

The short- term permit for residence to be obtained from the Migration Authority is not more than 2 years. You must also start using your residence permit within 6 months. Otherwise your residence permit will be invalid.

To obtain a residence permit, you will need the following documents. You can apply by obtaining these documents which is given below detailed: 

– Turkey's application for permit of staying is required,

– Original or photocopy of your passport,

– Four biometric photographs that you will take according to the rules,

– During the time that you'll will reside in Turkey, evidence of sufficient amount of Money or financial investment,

– The health insurance for the duration of your stay in Turkey,

– A document indicating that you own a residence,

– Documents to be provided by the person or person you are applying for,

– The payment of fees and card fees that you paid to the government,

After obtaining the above mentioned documents, you will have taken the first step to obtain Turkish citizenship.

How to Obtain Long- Term Permit for Residence in Turkey?

Apart from the short- term permit for residence, you can apply for a long-term permit for residence too. In order to receive long- term permit for residence for at least 8 years, you must be resident in Turkey. You can make your citizenship declaration by applying to the Immigration Administration with the documents mentioned below.

– Original or photocopy of your passport,

– Four biometric photographs that you will take according to the rules,

– During the time that you'll will reside in Turkey, evidence of sufficient amount of Money or financial investment,

– The health insurance for the duration of your stay in Turkey,

– A document indicating that you own a residence,

– A document stating that, you are not receiving social assistance, 

– Documents to be provided by the person or person you are applying for,

General Conditions of Being Turkish Citizen

Being a Turkish citizen has become easier with a change in 2018. The value of the real estate was reduced to $ 250.000, which is the quarter of the previous threshold (It was $ 1.000.000) . 

Second way of being a Turkish citizen, the minimum fixed income securities amount has also been reduced by a quarter and is now equivalent to $ 500,000. In order to apply for naturalization, the state requires the minimum amounts in one of the three areas. Turkey citizenship can be obtained by employing staff in Turkey. Turkey will set up business in order to gain citizenship in the place must have at least 50 employees.

You can also perform application from your work permit in Turkey and abroad.

We explained in detail in our article that you can obtain Turkish citizenship by investing. For investment options, we recommend you to take a look at www.propertytr.com

Private Foreign Direct Investment

In order to facilitate the granting of work permits, special provisions have been introduced by the "Regulation on the employment of foreigners in foreign direct investment". An application for a work permit which is necessary for the employment of employees under direct foreign investment and which does not apply to these provisions is subject to the general conditions set out above.

Getting Turkish Passport by Investment

Turkey increasing the influence of foreign investors in the economy, eased the nationality requirements to increase economic power.

According to the latest statistics made by the Interior Ministry, about 1,000 foreigners who invest in Turkey, he received citizenship in Turkey since then. Most of the new citizens come from Iran (253), Iraq (143), Yemen (97), Afghanistan (94) and Syria (59).

The Turkish state offers advantages to people from these countries. Turkey, but Turkey is less oppressive than their passports passport in his own country, which is more stable, but also allows the ability to travel more by the country's documents. Turkey, to 140 different countries are able to travel without visas.

In order to obtain a Turkish passport by investment, you must invest $ 500,000 in a bank account. And you must keep your money in this bank for a minimum of 3 years. As a second way in Turkey need to have a property in exchange for $ 250,000.

After your application, you will be subjected to a security scan that lasts several months. You will be able to obtain citizenship if you meet the conditions specified in the law.

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