Well, following the regulation stated by the Turkish Government, the turkish citizenship law investment has proved to be quite useful for foreign investors. It was published in the State's official gazette, which was dated 12th January 2017 under amendment no. 29976. The amendment states that any person who makes a fixed capital investment of 500,000 USD in the country will be granted Turkish Citizenship. Determined by the Ministry of Economic, the amendment was made based on the Ministry of Interior Affairs and the Cabinet's suggestions.
Based on the regulation, a set of the framework was created. Any foreign investor shall be evaluated based on that framework to determine if they are fit for Citizenship.
As per the regulations, any foreign person can demand Citizenship based on fixed capital investment. The amount of investment should have a minimum value amounting to 500,000 USD. Once this criterion is met, the person needs to submit an application to the Ministry of Economy along with the following documents:
1. A duly filled application form signed by the applicant with the following:
2. The application which you will submit needs to be approved by the Ministry after getting determined by the Directorate General of the Incentive Implementation and Foreign Investment from the Ministry of Economy. He will check if the application fits all the requirements. If the application does not fulfill all the essentials, it will get rejected under the Directorate General's supervision. Your application for turkish citizenship law investment is likely to get rejected in the following cases:
The rejected applications are notified in written and are given a month to submit the complete information. However, if the applicant fails in doing so, the entire application gets rejected until further notice. Once everything is submitted, the duly filled application is sent to the Ministry for detailed scrutiny and further procedures.
As per the Turkish Government's new regulation, the following types of fixed capital investment are accepted:
If an applicant, during the scrutiny by the Administration, is found to have made false claims or submitting misleading information, the citizenship procedure will be canceled. Also, a notice will be sent to the Ministry of the interior for denaturalizing the individual. Any application submitted by him for turkish citizenship law investment in the future would not be considered either.
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