Are you planning to travel the world without any hassle? Or are you looking to expand your business or seek new opportunities in Turkey? However, you also place a high value on keeping your investment intact. Living in Turkey will grant you a second nationality and allow you to travel the world, including 120+ visa-free countries.
Turkish Citizenship Lawyers in Istanbul, Turkey 2024
Turkey's Citizenship by Investment Program is popular globally because of its great benefits. So, are you looking to acquire Turkish citizenship? Kurucuk & Associates Law Firmcan assist you!
PROCESS FOR TURKISH CITIZENSHIP 2024
The procedure is divided into three (three) phases: investing, obtaining a residency permit, and becoming a Turkish citizen. In the example below, we are considering a scenario in which the applicant selects the most preferred application; and invests in real estate.
1. Selection of Investment
2. Bank Account Opening, Payments & Title Deed
3. Submission of Application
4. Evaluation of The Application
5. Approval & After Citizenship
Real Estate Investment for Turkish Citizenship
A Turkish CBI program can be applied for by investing USD 400,000 in real estate and including a clause that ensures the property will not be sold for at least 3 (three) years in the title deed.
In accordance with the regulation, the chosen property must be evaluated by companies authorized by the Turkish Capital Market Board before it can be purchased.
According to the evaluation, the applicant will be able to complete the purchase of the property's cost is more than USD 400,000.
The conformity certificate for the investment shall be requested and collected from the relevant authority.
Turkish Residency Permit
If the conformity certificate is submitted along with the related documents, the applicant is required to apply for a special residency permit.
We schedule an interview with the Migration Authority that all applicants are required to attend in person (or be represented by an attorney).
The Migration Authority issues a residency permit within two weeks of receiving the required documentation and completing the interview.
Turkish Citizenship Approval Process
1. After the Directorate approves the residency permit of Civil Registration and Nationality, our team collects and prepares final documentation for application submission.
2. After checking the documents, the Directorate sends the documents to the General Directorate, which runs an investigation on the background of the applicant with the National Intelligence Service, Financial Crimes Investigation Board, and Security General Directorate.
3. In the event that the investigation is successful, the application will be forwarded to the Presidency of the Turkish Republic for finalization. The applicant becomes a citizen of Turkey following the decision of the Presidency.
Benefits of Turkish Citizenship
Choosing the deposit option provides a significant rate of interest; choosing the real estate investment option enables collecting rents over a period of 3 (three) years and ultimately selling the property at a higher price.
Turkish citizenship laws allow each individual to have more than one citizenship. There are no acceptance conditions requiring an applicant to give up their previous citizenship.
Citizenship in Turkey is hereditary from the date of acquisition. Thus, the beneficiary can pass on all rights and privileges to their heirs. (Exception: Children are over 18 years of age)
Additionally, the spouse and dependent children of the applicant may benefit from the application for citizenship.
The Turkish passport holder can currently visit 68 countries totally visa-free, and 38 countries can grant Turkish passport holders visas on arrival, in addition to countries for which an "e-visa" is offered.
A popular tourist destination, Turkey's location facilitates connectivity with key markets via excellent transportation links making it a major transcontinental country. Istanbul, Turkey's largest city and main commercial and cultural center, is the leading global city, although Ankara is the country's capital.
This program attracts foreign direct investment and boosts growth in the country's real estate market, as well as allowing applicants to make a range of different economic contributions to Turkish society through the program.
The Bosphorus Strait, which connects Europe and Asia in Istanbul, makes Turkey a transcontinental Eurasian country. Its geostrategic significance stems from its location at the crossroads of Europe and Asia.
Requirements of Turkey citizenship by investment
The main applicant needs to fulfill one of the following investment requirements to qualify for Turkish citizenship:
- Own real estate property of worth USD 400,000 (at least)
- Investment in fixed capital contribution of USD 500,000 (at least)
- Deposit in Turkish bank account of at least USD 500,000 (this investment include equivalent foreign currency or Turkish lira)
- Commit government bonds of at least USD 500,000
- Have real estate investment fund share or venture capital investment fund share of at least USD 500,000
- Employ at least 50 people, as certified by the Ministry of Family, Labour and Social Services
In addition to the main applicant, a spouse and dependent children under the age of 18 may apply as well as children of any age, including children living with disabilities.
Procedure of the Turkey Citizenship by Investment Program
As soon as the family has decided the investment option they wish to select, an application for a residence permit shall be made on their behalf. Next, the main applicant must open a bank account in Turkey.
The investment can be completed and the applications submitted to the government when all application documents have been prepared. The government will review the application and may call for an interview once the application has been received.
Time frame of the Turkish Citizenship by Investment Program
Typically, citizenship documents are issued within 120 days of your citizenship application being accepted, following which you can apply for a passport.
Hire now the experienced immigration lawyers in Istanbul, Turkey for hassle free Turkish citizenship!
Turkish Citizenship Lawyers serving Clients since 2018
Kurucuk & Associates Law Firm is providing outstanding services of the highest quality, an experienced immigration lawyers in Istanbul, Turkey specializing in different legal fields, and an in-house consultant working closely with international experts from top universities and research institutes.
Kurucuk & Associates Law Firm is a Turkish Immigration and Business Law Firm based in Istanbul, Turkey. We specialize in serving non-Turkish businesses and individuals. We speak English, Swedish, Russian and Chinese Language.
We are specialised in matters related to residency, citizenship by investment, setting up businesses, property investment and asset management in Turkey.
We work with individuals looking to acquire Turkish citizenship through investment. Obtaining Turkish citizenship opens the door for many of these individuals to apply for both immigrant and non-immigrant US visas. In particular, Turkey is an E-2 treaty country and Turkish citizens can obtain a US investor visa for an initial period of 5 years.
In addition, Turkish citizens can apply directly for a US green card (permanent residency) if the investments are bigger than $900,000 for rural areas and $1,800,000 for all others. Other business visas such as EB-1, O-1, and L-1 are also available.
We assist our clients with their visas, citizenship, investments and other legal needs in Turkey. We are the experts in providing immigration pathways to our clients to work, study, invest and settle in Turkey and various provinces and territories of USA, Canada , UK and Australia through Turkish Citizenship.
It should be noted that Turkish Immigration Law Firm Kurucuk & Associates Law Firm is specialized in matters related to residencies, citizenship, setting up businesses, property investment and asset management in Turkey.
We are very experienced in Turkish Citizenship Program by serving with our offices located in European Side and Asian Side of Istanbul, provide high quality legal services (including Mandarin Service ) to our clients for their investments in Turkey.
All our Turkish Citizenship applications (more than 200) have succeeded and never failed so far, we have very good reputation and reliability in this sector, all our clients and partners (agencies) are fully satisfied with the services of our law firm and our Turkish immigration and investment lawyers.
Turkish Citizenship Program
This citizenship program is really popular investment program among investors nowadays.
Investors, their spouses and children under 18 can receive Turkish Citizenship either by purchasing property in Turkey in an amount of USD 400,000 minimum and keep the property for 3 years while generating rent income or deposit USD 500,000 to the Turkish Local Bank and keep USD 500.000 during 3 years while earning interest from this amount during this period.
We complete all the citizenship application procedure on behalf of the client and his/her family based on the Power of Attorney. The client and his/her family need to come to Turkey only once at the end of the procedure in order to give fingerprints to receive Turkish ID's and Turkish Passports.
In some countries, the Turkish Consulates are authorized to receive fingerprints so that the Client and his/her family will not even have to come to Turkey even once. In other words, we can finalize each and every step of the client and the family only by Power of Attorney. The whole citizenship procedure is completed within 6 months as long as all the required documents are provided on time.
Turkish Citizenship Lawyers Services
We provide full package of services for the Turkish Citizenship Application to our Clients including;
- Welcoming the client,
- Virtual Pre-departure Orientation,
- Providing Turkish cellphone SIM,
- In-Person Post arrival Orientation to Turkey Session ( Turkish Life, weather, food, culture, familiarization with neighborhood, modes of transport etc.),
- Airport pick up and drop off to your pre-booked accommodation
- Guide and translator,
- Accompanying the client with site inspection for property purchase,
- Issuance of evaluation report for the property,
- Assistance with opening bank account, obtaining a debit and credit card, completing investment and deposit requirements and obtaining relevant official documents from the Bank and Public Authorities,
- Property selection & negotiation with Developers and Sellers,
- Legal Due Diligence and land registry search,
- Assistance for application for Turkish Tax Number and Health Insurance,
- Sale transaction,
- Contracts,
- Application for resident permit,
- Application for Turkish Citizenship,
- Obtaining Turkish ID and Turkish Passport,
- Moreover, we offer post-sale services such as Accounting-Tax report, Maintenance, Cleaning and Rental, Address Proof, Certificate of Clearance, Local Driving License, Passport Name Change, Marriage Certificate,
- Assistance with employment search, applying for all eligible benefits for the client and children, Assistance with school admissions for children, Assistance with rental accommodation, Assistance with registering in e-government system and e-government passwords,
- We also offer, money transfer services via crypto – money, bitcoin etc.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
