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How to get Turkish citizenship by investment? All you need to know

Many people want to have citizenship in countries other than their own, and one of these popular countries is Turkey. There are many ways to get citizenship in this country, but one of the best and fastest ways is to get Turkish citizenship by investment.

Turkey is a great destination for those looking to settle in other countries. In this page of City Realty Turkey, we will examine some of the benefits of acquiring property and citizenship in this country.

You cannot enter the field of action without having the necessary information about getting citizenship in this beautiful country. For this purpose, be sure to get the necessary information from a reliable source.

Also, consult with relevant legal experts. This article is a reliable source for getting information about Turkish citizenship by investment.

What are the general conditions of investing in Turkey?

The amount of money

Getting Turkish citizenship by investment regulations has recently changed. Under previous laws, investors had to invest between $ 1 million to $ 3 million in Turkey in various ways. However, in the new laws in 2019, the government reduced this amount. Now, it is in the range of 250 thousand to 500 thousand US dollars. In the past, people needed more money to get Turkish citizenship by investment. For this reason, not everyone was able to provide this amount of financial source. In this way, second and third-rate capitalists can enter the country too.

The tax standards

Turkey pays at least 500 million lire to foreign investors as to tax repayment. To attract foreign investors to acquire property and citizenship, they have reduced the tax rate to 20 percent, and sometimes some foreign investors are exempt from paying taxes. Knowing all tax standards helps you manage your money more efficiently when getting Turkish citizenship by investment.

Signing anti-corruption agreements

Tukey established the Agreement on the Promotion and Protection of Capital and the Agreement on the Prevention of Dual Taxation for the security of global investors and the prevention of corruption. Other countries and Turkey have signed the Agreement. This Agreement is only for the sake of preserving the capital of individuals and controlling the import of money into the country. In this way, getting Turkish citizenship by investment is safe.

Why should you choose Turkey for acquiring property and citizenship?

1 Get your citizenship in no time

The duration of getting citizenship in a country is an important factor. Unfortunately, some European countries spend a lot of time issuing citizenship. However, Turkey has kept the period of citizenship to a minimum. Getting Turkish citizenship by investment takes only 3 to 6 months.

2 Get one of the top 30 passports in the world

Passports of some countries have restrictions. The more valid a country’s passport is, the easier it is to travel to other countries. In other words, the number of countries that accept your passport is the key to the validity of that passport. Now, Turkish passports are among the top 30 passports in the world. By getting Turkish citizenship by investment, you can travel to 148 countries without a visa. The good news is that you can travel to the EU and 26 Schengen countries without a visa.

3 You will not have any restrictions on your presence in the country.

One of the most common problems in acquiring property and citizenship is staying in that country for a certain period. This is a limiting factor. You will not have this restriction by investing in Turkey. Getting Turkish citizenship by investment does not require staying in the country.

4 It is possible to renew your passport after ten years

After getting Turkish citizenship by investment, you must know that you must renew your passport after a while. Sometimes the interval between extensions is short, and this creates anxiety and social insecurity. In this country, the passport offered to citizens is valid for ten years. You can also extend this passport for life. In this way, you will feel safe by acquiring property and citizenship in Turkish.

5 All family members receive free medical care

The social benefits you receive through the citizenship of a country are important. You can benefit from free social services such as medical services in Turkey by getting Turkish citizenship by investment. This service will not be just for you, but also it is available for your family too.

6 There is a possibility of free education

Another social service that you will benefit from is free education. Citizens of Turkey will be able to study for free. You can easily enjoy this advantage by acquiring property and citizenship in this country.

7 Existence of excellent infrastructure in Turkey

Apart from the benefits of a passport, getting Turkish citizenship by investment has financial advantages too. By investing in Turkey, you can significantly improve your financial situation. As this country has an excellent infrastructure, it provides a good opportunity for you. You will benefit from countless business opportunities by importing your capital into Turkey and acquiring its citizenship.

8 Making an economic profit in Turkey is not a dream

Given the country’s infrastructure and economic growth, it is possible to profit by investing in Turkey. The purpose of investing is not only to get Turkish citizenship by investment but also to make a profit. You need to make sure that your capital is not wasted and will be more in the future. By going to Turkey through investment, you will have both Turkish citizenship and financial gain.

9 You can benefit from Turkey’s relations with Europe

Since Turkey is a member of the European Customs Union, its trade relations are always growing. Having connections with European countries multiplies the opportunities available in this country. If you cannot invest in European countries, go to Turkey. By getting Turkish citizenship by investment, you can easily connect to other countries.

10 The importance of foreign investment attraction policies in Turkey

These policies are important to encourage investment in areas where technology plays a significant role. Their goal is to attract foreign investors to acquire property and citizenship. These policies will benefit you because they facilitate getting Turkish citizenship by investment. Turkey will not give up investor policies because of their importance in economic growth. This ensures the security of your capital and passport.

Why should you choose Turkey for acquiring property and citizenship?

1 Get your citizenship in no time

2 Get one of the top 30 passports in the world

3 You will not have any restrictions on your presence in the country.

4 It is possible to renew your passport after ten years

5 All family members receive free medical care

6 There is a possibility of free education

7 Existence of excellent infrastructure in Turkey

8 Making an economic profit in Turkey is not a dream

9 You can benefit from Turkey’s relations with Europe

10 The importance of foreign investment attraction policies in Turkey

Analyzing Turkish citizenship by investment standards

Usually, one of the concerns of investing in foreign countries is investment security. In addition to making a profit, it is very important to maintain the initial capital. Turkey has signed bilateral trade agreements with various countries in the world, which can ensure the security of your investment and facilitate getting Turkish citizenship by investment. These agreements include:

Investment Promotion and Protection Agreement

The Agreement ensures a favorable economic environment for investors by setting business standards. This Agreement guarantees that the investor’s property will not be confiscated, except in exceptional cases where the investor’s property may be confiscated in the public interest after going through the legal process.

Tax Prevention Agreement

The Agreement ensures that you pay taxes in only one of the two countries. So investors are not required to pay taxes in Turkey and their own countries. This will save your money when trying to get Turkish citizenship by investment.

What are different ways of getting Turkish citizenship by investment?

You can get Turkish citizenship by investing in yourself and your family. The family includes a spouse and children under 18. For your investment to lead to Turkish citizenship, you must invest in one of the areas of investment declared by the Turkish government. You are also required to invest the minimum amount declared in each area.

The process of getting Turkish citizenship by investment for an investor usually takes between 3 to 6 months. In 2019, as the rules become easier, getting Turkish citizenship for a family will take up to 2 months. The Turkish government allows dual citizenship, so you do not need to revoke your current citizenship for acquiring property and citizenship.

Invest in Turkey by buying a property

One way to get Turkish citizenship by investment is to buy property in this country. The minimum capital to immigrate to Turkey through the purchase of property is 250 thousand US dollars. One of the conditions for investing in this method is that you should not sell the purchased property for three years.

Buying a property for a smaller fee can also lead to getting Turkish citizenship by investment. You can get a 3-year stay in Turkey by buying a property worth at least US $ 60,000. This is a tourist stay, which means that you are not allowed to work in Turkey in this way.

Of course, it is possible to get a work permit if it is possible to hire you legally. This period can be shorter under some conditions. To get more information about acquiring property and citizenship, you can contact special counselors.

Investing in Turkey through bank deposits

Getting Turkish citizenship by investment is possible through bank deposits in this country. There is no need to invest in any field. In this method, you must deposit at least US $ 500,000 in Turkish banks. It used to be $ 3 million but has recently dropped to $ 500,000. Your money must remain in the bank for at least three years.

Invest in Turkey by buying stocks

Getting Turkish citizenship by investment is also possible through investing in the stock sector. The minimum capital for getting citizenship in Turkey in this way is 500 thousand US dollars that you have to buy shares with it.

This amount was previously 2 million US dollars, which the government reduced according to the new plan of Turkey in the field of acquiring property and citizenship. One of the conditions of this type of investment in Turkey is that the Turkish Ministry of Industry and Technology must approve your investment. Like the previous ways of getting Turkish citizenship by investment, you must keep the purchased shares for three years.

Invest in Turkey by buying government bonds

You can get Turkish citizenship by investment if you purchase government bonds. One of the conditions of this method of investing in Turkey is that you should not sell your bonds for at least 3 years.

In addition, the Turkish Ministry of Treasury and Finance must approve your investment. The minimum needed amount of money for getting Turkish citizenship by investment through the purchase of government bonds is $ 500,000.

Invest in Turkey by choosing real estate companies

Another way to get Turkish citizenship by investment is to invest in real estate companies. In this method, you must invest at least $ 500,000 in one of these companies.

Invest in Turkey through entrepreneurship and company registration

Previously, a foreign employer was required to employ 100 Turkish citizens to get Turkish citizenship by investment through entrepreneurship. However, according to new Turkish law, in 2019, employers can get Turkish citizenship by hiring 50 Turkish citizens.

You must submit a business plan in this method, which the Turkish Ministry of Labor and Social Affairs must approve. The initial capital for getting Turkish citizenship by investment through this method must be at least $ 2,600, which is equivalent to 10,000 Turkish lire.

Last word about Turkish citizenship by investment

Turkey offers countless opportunities for individuals. For this reason, acquiring property and citizenship in this country has always been one of the easiest options. By acquiring Turkish citizenship by investment, you will enjoy the economic benefits of investing in this country and the benefits of its passport superiority.

Do not hesitate to get Turkish citizenship by investment. If you have any questions about this investment, you can contact our experts. We try to provide you the most comprehensive and reliable information CityRealtyTurkey.