Nestled in the heart of Eurasia, Turkey offers a captivating blend of natural splendor, cultural richness, and warm hospitality. With its favorable climate, diverse landscapes, and low crime rates, it ensures an exceptional quality of life for both residents and potential second-home buyers. Turkey's cultural heritage, hospitable locals, and robust safety measures further enhance its allure. Moreover, the country boasts excellent air connections, facilitating convenient travel to key destinations. In summary, Turkey emerges as an appealing destination for those seeking a new place to reside or invest.
Both business travellers and vacationers go to Turkey. In addition, there is no residency requirement. Their application processing time is a mere four months. Reason enough to consider the merits of Turkish Citizenship by Investment. With it, you can visit 118 countries without a visa. Also, you get to broaden your horizons and open-up to more worldwide opportunities. Also, it opens doors to opportunities for travel around the world.
Applying for what is commonly referred to as “Turkey citizenship” as a family also benefits from having Türkiye citizenship. Minors can be claimed as dependents.
This means that healthcare and education are accessible to the entire family. Additionally, Turkish citizenship provides access to various cultural events and activities families can enjoy together. If you seek legal advice about the Turkish Citizenship by Investment Programme, look no further than WorkerVisa Offices. We have extensive expertise in Turkish immigration, property law, and business law. Our firm has advised and represented over a thousand international clients on the Turkish Citizenship by Investment (TCBI) programme since its inception in 2017 when the Turkish government first introduced it.
We have advised clients from all over the world, representing various nationalities and backgrounds. Our international clientele includes people from Pakistan, the United Arab Emirates, Saudi Arabia, Jordan, Iraq, Iran, Yemen, Algeria, Egypt, Palestine, Morocco, Syria, Bahrain, Kuwait, Qatar, Algeria, Malaysia, Bangladesh, and a slew of Asian, Western, Caribbean, and CIS countries, including Russia, Azerbaijan, Belarus, Kazakhstan, Nigeria, South Africa, and Italy, among many others.
By investing in real estate, making bank deposits, and exploring other options, our clients and their families were able to become citizens of Turkey legally.
Following the regulations of Turkish immigration law, we respond to the unique demands of each client by learning their story and offering guidance based on that knowledge. We can provide comprehensive advice on achieving Turkish citizenship through investment for you and your family, as we are highly experienced Turkish immigration lawyers and solicitors.
We provide comprehensive guidance on the Turkish Citizenship by Investment application process and rigorously handle all the required stages for our clients, such as opening bank accounts, conducting property reviews and sales, and completing other essential jobs in Turkey.
With our extensive knowledge and expertise in Turkish residence and citizenship law, we are happy to advise our clients on investing in Turkey and becoming Turkish citizens. On September 18, 2018, the Turkish Citizenship Code’s application regulations were revised. Turkish citizenship can now be applied for and obtained by foreign nationals and their family members who meet one of the following investment criteria, according to the new regulations:
OPTION 1
The first option requires an initial investment of at least $400,000 in real estate, stipulating that the buyer would not sell the property for at least three years. Just recently (as of June 13, 2022), the Turkish government officially stated that the minimum investment amount for the Turkish Citizenship by Investment programme would be raised from $250,000 to $400,000 for real estate investment.
OPTION 2
involves planning to deposit 500,000 USD in Turkish banks. The money must be held for a minimum of three years. The funds must be converted into Turkish Lira (TRY) and deposited primarily into TRY following the new legislation implemented in January 2022.
OPTION 3
It would be best to put down at least $50,000 (or its equivalent in Turkish Liras) for the third option. To finalise this investment, the Turkish Ministry of Industry and Technology must approve it.
OPTION 4
If one were to invest $500,000 in Turkish government bonds and bills and retain them for at least three years, they could be eligible to become Turkish citizens (OPTION 4). The Turkish Ministry of Finance and Treasury must approve this investment.
OPTION 5
According to this option, one can also become a Turkish citizen by investing in a real estate investment trust in Turkey or buying shares in a Turkish venture capital fund for at least $500,000.
OPTION 6
Allows you to apply for TCBI after you deposit a minimum of 500,000 USD or an equivalent foreign currency into funds determined by the Turkish Insurance and Private Pension Regulation and Supervision Agency. The funds must remain in the private pension system for at least three years. The Governmental Agency for the Regulation and Supervision of Insurance and Private Pensions will verify the investment.
This means it is possible to obtain Turkish Citizenship by Investment for the Investor (Main Applicant) and all family members, spouse (wife/husband), and children below 18 years old while proceeding with one of the abovementioned investment options.
Turkish citizenship is granted to all family members following the submission of the documents and quick background check:
WorkerVisa are UK immigration specialists.
WorkerVisa is a prominent immigration agency that provides you with assistance from our team of expert lawyers who specialise in many areas relating to immigration and visas.
WorkerVisa is here to help you with any aspect of the immigration process.
We have a great lot of experience in this field, and as a result, we are familiar with how to address all problems that may arise along the route. We can help you assemble all required documentation, submit your application, and finish the process. All of the legal considerations associated with acquiring a visa can be discussed with our team. You can call us immediately to learn how we can help you.
We can now advise on obtaining Turkish Citizenship by Investment without your visit to Turkey.
We can open a new bank account remotely in Turkey. We can also finalise the property transfer sale and bank deposit/bond purchases as well as all other related necessary tasks remotely without a physical presence in Turkey with an apostilled POA (Power of Attorney), including bank account opening, property sale transfer as well as all further TCBI application procedures.
Yes. To facilitate the property investment for our clients, we have set up a unique real estate department working internally with our firm. Once we start working on your citizenship case, our real estate team will present you with several new, luxurious, and high-end approved properties available to proceed and in line with the Turkish Citizenship by Investment program rules. We only work with financially strong developers to ensure our clients’ investments are safer. Our experienced real estate team and lawyers for the Turkish citizenship program will ensure all points are checked before investing.
We can remotely advise you on the Property Investment Option without visiting Turkey. Therefore, we provide real estate/property identification services integrated with our legal services to ensure your investment will be safer and avoid any risks concerning your Turkish Citizenship by Investment application.
Yes. Turkey has now changed the official name to ‘‘Türkiye’’ as it is in Turkish. United Nations and other international bodies have recognised this change recently.
We confirm that Turkey Citizenship by Investment program allows the investors/main applicants to invest in multiple properties/units; provided that the total amounts exceed $400k, you can proceed with the ownership of numerous properties.
The property shall meet specific criteria, including having a verified expert valuation report and a building license in place, and the title deed shall also be ideally transparent of any restrictions on the title deed before finalising the sale transfer. Otherwise, it will not be suitable to proceed for Turkish Citizenship.
Yes, it is possible to earn regular interest on the deposited amounts. We can open a new bank account for you in Turkey in -1- Day only. As experienced immigration attorneys and Citizenship lawyers in Istanbul, Turkey, we can advise you thoroughly on your Turkish citizenship applications through the Bank Deposit Option. The monies shall be deposited in TRY (Turkish Lira). Earning a regular interest income of around 15-20% is possible. Interest earnings can be gained monthly, quarterly, or yearly on the total deposited amounts.
Yes, once Turkish citizenship is acquired, it will be valid for life, and it will be valid for the next generations and your descendants as well.
They can do so if the applicants prefer to change their names and surnames. Therefore, you can entirely have new Turkish names and surnames as well. However, this shall be done before submitting citizenship applications.
No, there is no residency requirement in Turkey either during the application process or after obtaining Turkish citizenship. You can keep living abroad after obtaining Turkey citizenship.
Ideally, it is advisable to visit Turkey first for the initial procedures and then secondly once the citizenship is obtained for submission of fingerprints. However, if you cannot travel to Turkey, we can advise you remotely on your Turkish Citizenship application without any required visits to Turkey; you can obtain your new Turkish passports without visiting Turkey.
It is possible to obtain Turkish citizenship for the Investor (Main Applicant) and all family members: spouse (wife) and children below 18. There is no limitation on the total number of family members (applicants). However, children above 18 and their parents cannot be included in the same application.
It would be necessary to make separate investments for them to obtain Turkish citizenship. Alternatively, you can consider applying for a Turkish Residency Permit (Turkish PR) for the other family members that cannot be included in your application, subject to rules different from those of the citizenship program.
Turkish citizenship can be acquired through birth from a Turkish citizen’s father or mother within the marriage union, regardless of the birthplace. Once you become a citizen of Turkey through the Turkish investment program, your future children will automatically acquire Turkish citizenship by birth.
There is no Turkish language knowledge requirement to apply for Turkish citizenship through an investment program.
Turkey will not tax you for your income abroad. In principle, you would only be liable to pay taxes in Turkey if you reside inside Turkey for up to six months. Nonetheless, the exemption to this could be if/when you earn a regular income inside Turkey; for example, if you rent out your investment property, and if/when you are earning rental gains, then you would be subject to pay taxes arising of such income only.
We can provide detailed Turkish tax advice, Turkish and international tax optimisation, and wealth management services according to your specific case and requirements.
Turkey will not tax you for your income abroad. In principle, you would only be liable to pay taxes in Turkey if you reside inside Turkey for up to six months. Nonetheless, the exemption to this could be if/when you earn a regular income inside Turkey; for example, if you rent out your investment property, and if/when you are earning rental gains, then you would be subject to pay taxes arising of such income only.
We can provide detailed Turkish tax advice, Turkish and international tax optimisation, and wealth management services according to your specific case and requirements.
Yes. The investment amount, as well as the scope of the Turkish Citizenship by Investment Program, was laid down in the Turkish Official Gazette and introduced back on 18th September 2018. You can review the official website of the Investment Office of the Presidency of the Republic of Turkey for further information.
Under Turkish Citizenship by Investment program rules, you can invest in Turkey and become a Turkish citizen instantly with your family members either by investing in a property in Turkey minimum worth USD 400,000 or you can also obtain Turkish Citizenship by depositing $500,000 in one of the Turkish Banks. It is essential to hold the property for at least three years; you can then sell it without any limitations or restrictions.
The minimum investment amount for applying for Turkish citizenship is $400,000 for property investment and $500,000 in Bank Deposit option. By investing such amounts in Turkey, you can become a citizen of Turkey within 3 months only after the completion of the investment.
It takes around 3-4 months to acquire Turkish Citizenship status officially once after the completion of the investment, and you can also collect your new Turkish Passports and ID Cards immediately after.f
With the amendment of Turkish Citizenship Law No: 5091, Turkey grants investors Turkish Citizenship by making an eligible investment in Turkey, the conditions of which are also stipulated by law.
It takes around 3-4 months to acquire Turkish Citizenship status officially once after the completion of the investment, and you can also collect your new Turkish Passports and ID Cards immediately after.f
Turkey, Vanuatu, Montenegro, and Caribbean 5 nations, including Antigua, Dominica, Grenada, St Kitts & Nevis, and Saint Lucia, offer Citizenship by Investment Programs (CIP). Please get in touch with us if you would like to have further detailed info on other CIPs.
Yes. Syrians and Taiwanese cannot own property in Turkey and, therefore, cannot apply through the property route. However, they can use the bank Deposit option. North Korean citizens are banned from the program.
Turkish Passport is currently ranked 51st in the Global Passport Ranking of the Henley Passport Index, which relies on global IATA data. Turkish passport presently allows visa-free travel to 111 countries globally.
You can obtain a permanent residency permit in Turkey (Turkish PR) by making a property investment of $200,000 in Turkey or by setting up a new company in Turkey.
It is required to have a Residency Permit in Turkey to live permanently in Turkey, the conditions of which are subject to rules.
Foreign persons can buy a house or property in Turkey without any restrictions. Turkish law is a part of the EU-Civil law system; this means the property will be freehold, and further generations could inherit it without limits.
A Turkish residence permit with a property investment worth $200,000 in Turkey is possible. The residency permit will be renewable after 2 years if you keep the legal ownership status of the property.
New bank account opening procedures and the required documents will vary for each bank in Turkey. It is easy for foreign nationals to open a new bank account in Turkey with guidance or references. However, we can advise you on opening a new Turkish bank account with a PoA (Power of Attorney) or your presence in Turkey.
