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Obtaining citizenship in Turkey through investment is becoming an increasingly popular way for foreign investors who want to have access to the country's market and receive the privileges associated with citizenship. The Turkish Citizenship by Investment Program was launched in 2017 and allows you to obtain Turkish citizenship by investing in certain sectors of the country's economy.
What investments are required to obtain Turkish citizenship?
To receive you need to Turkish citizenship through investments, a foreign investor must invest at least 500 thousand US dollars in the country's economy. There are several investment options:
- Real estate: the investor must purchase real estate worth at least 250 thousand US dollars and keep it in his possession for three years.
- Capital investments: an investor can invest 500 thousand US dollars in government securities or deposits in Turkish banks, which will be kept for three years.
- Entrepreneurship: an investor can create a business in Turkey and invest at least 500 thousand US dollars in the country's economy.
Advantages of Turkish citizenship
Obtaining Turkish citizenship through investment can be beneficial for foreign investors for several reasons:
- Visa-free access to 110 countries of the world: citizens of Turkey can travel without a visa to 110 countries of the world, including the Schengen zone and the USA.
- Access to the visa-free program: citizens of Turkey can take advantage of the visa-free program, which allows them to live and work in the countries of the European Union for 90 days in every 180 days.
- Tax benefits: citizens of Turkey are not obliged to pay tax on income received abroad.
- Easier access to education: Turkish citizens have the right to education in Turkish universities and schools, and can also receive scholarships from the government.
- Fast passport acquisition: the process of obtaining Turkish citizenship through investment takes three to six months, which is a fast and convenient way to obtain a passport.
- Immigration advantages: citizens of Turkey can live and work anywhere in the country without restrictions and have the right to free medical care.
How to get Turkish citizenship through investment?
To obtain Turkish citizenship through investment, the following steps should be taken:
- It will determine the sector of the economy in which investment is planned.
- Register on the website of the Ministry of Foreign Affairs of Turkey and fill out an online application.
- Will provide documents confirming investments in the selected sector of the economy, as well as documents confirming personality and financial standing.
- Pass a security check and a medical check.
- Receive Turkish citizenship after approval of the application and payment of the state fee.
In conclusion, obtaining Turkish citizenship through investment is an attractive and convenient way for foreign investors who want to have access to the country's market and receive the privileges associated with citizenship. Turkey's investment citizenship program provides a number of benefits, including visa-free access to many countries around the world, tax benefits and easy access to education. In order to obtain Turkish citizenship through investment, it is necessary to fulfill a number of conditions and provide the necessary documents.
