Turkey's robust economy, strategically poised
between Asia and Europe, is complemented by its breathtaking natural beauty.
For those intrigued by the prospect of relocation, Turkish citizenship beckons
as the gateway. The coveted Turkish passport not only secures permanent
residency but also unveils a plethora of additional advantages, all of which we
shall explore here.
If the question "How to become a citizen in Turkey?" echoes in your thoughts, rest assured, this post holds the key. Embark on a journey through the various pathways to Turkish citizenship, a voyage that traverses distinct stages. So, let us commence this illuminating exploration.
6 Ways to Become a Citizen in Turkey Via
Investment
Between
2018-2021, 19,630 foreigners acquired Turkish Citizenship through investing in
Turkish real estate.
There are six different ways of acquiring Turkish citizenship via investment. You can choose any of the ones below that suit you best:
Acquire Real Estate Worth At least 400,000 USD
One
of the simplest ways to get your hands on Turkish citizenship is to buy real
estate in Turkey worth a minimum of 400,000 USD. The property can be of any
type: land, apartment, holiday home, villa, commercial building, etc.
You
do not have to stick to buying one property worth 400,000 USD. You can purchase
more than one for this total amount.
Deposit 500,000 USD or More in the Bank
Another way is to deposit money worth 500,000 USD in Turkish Lira in a Turkish bank with the condition of keeping the deposit for three years.
Fixed Capital Contribution
You can also invest a fixed capital of at least 500,000 USD.
Invest in Government Bonds
You can invest a minimum of 500,000 USD in Turkish Lira in government bonds.
Further Reading: Turkish Citizenship by Investment
Buy Shares of Investment Funds Worth USD
500,000
You can buy shares of investment funds worth 500,000 USD in real estate investments or venture capital investments and keep them for three years.
Start a Business With 500,000 USD
You
can choose to open a business worth this amount or create at least 50 jobs to
provide employment to Turkish people.
The
investment you make in Turkey for citizenship can produce significant profits
in the future.
You have to wait three years to sell your property or close your bank deposit after you obtain citizenship.
Further Reading: Why You Need to Consider Investing Your Money Into Turkish Property
Other Ways to Acquire Turkish Citizenship
There
are a few other ways for foreigners to become a Turkish citizen without buying
property.
1.
Foreigners can become citizens through marriage to Turkish citizens after three
years of marriage.
2.
It is possible to be a Turkish citizen by birth if at least one of the parents
is a Turkish citizen.
3.
Foreigners can get citizenship via employment after five years of contractual
work.
4. A foreigner can become a Turkish citizen by applying for naturalization if they have a good command of the Turkish language and have lived in Turkey for five years.
Steps to Apply for Turkish Citizenship
Here
are the steps to apply for Turkish citizenship through the Citizen by
Investment Program.
1.
Select the property that is right for you.
2.
You can grant Power of attorney to a lawyer to handle all the legal
requirements.
3.
Finish off your investment by signing the purchase agreement and completing
your transaction.
4.
Prepare your documents to apply for a residency permit. You will need documents
such as the Certificate of Conformity and the Real Estate Valuation Report.
5. You can now receive your citizenship and move on to apply for a Turkish passport.
FAQs
What are the benefits of having Turkish
citizenship?
There are many benefits, including the chance to apply for an E-2 investor visa, which can pave the way for you and your family to get residency in the United States. You can live a lavish yet affordable life with access to high-quality food, ideal accommodation, great healthcare, and much more. It is even better if you live in Turkey and earn in foreign currency since this can allow you to spend less on everyday expenses and maximize your income’s potential.
For more details on this, please read our blog on 10 Benefits of Property Investment in Turkey.
What is the major benefit of having a Turkish
passport?
The Turkish passport currently ranks 54, and Turkish passport holders have the privilege to visit 112 countries visa-free, via visa on arrival and through electronic travel authorization (eTA).
Can I get Turkish citizenship if I purchase a
house?
Of course, you can. As long as the property is worth at least 400,000 USD, you are eligible to apply for Turkish citizenship.
How long does it take to get Turkish
citizenship?
After you make your investment in Turkey, you can have to wait about three to six months to obtain citizenship.
Can I have dual citizenship in Turkey?
You can possess dual citizenship as a Turkish citizen. Therefore, you can hold on to the citizenship of your home country when you acquire a Turkish passport.
Do foreigners who have acquired Turkish
citizenship via real estate investment have to serve in the Turkish army?
All Turkish males between the ages of 20 and 41 must perform mandatory military duty. However, foreigners who have acquired Turkish citizenship and are older than 22 are exempt from military service.
If you want to know more about the Turkey Citizenship by Property Investment program and are interested in exploring what real estate options Turkey has, you are free to contact us. Our team will get back to you in no time.
Note: The information in this blog has been thoroughly
researched and is intended for guidance purposes only.
Nestled advantageously in the Eyup area, Rams Halic presents an authentic Istanbul experience along the iconic Golden...
Discover Sinpas Finans Sehir, a prestigious project meticulously crafted for those who seek a private sanctuary to...
Hunting for a home that offers marvelous natural views while letting you stay in the heart of...
Seba Central extends a contemporary opportunity for discerning buyers, harmonizing refined living quarters with a productive workspace,...
Dap Yeni Levent presents a peaceful life in the financial hub of Istanbul. With its lush green...
Orman Istanbul is a pristine and luxurious project in a beautiful district undergoing urban regeneration. Its features...