About Türkiye By CITIZENSHIP BY INVESTMENT
Who Can Get Türkiye Citizenship
- Be over 18 years old.
- Furthermore, prove the legality of your investment
- Additionally, have a clean criminal record and produce a Police Clearance Certificate from your country of citizenship
- Moreover, you should have no serious illnesses
- Firstly, they must be over 18 years old
- Secondly, they should have no criminal record and present a Police Clearance Certificate from their country of citizenship
- Lastly, a clean bill of health is also necessary
- Up to the age of 18
Turkish Citizenship by Investment Programme Requirements
To qualify for the Türkiye Citizenship by Investment Programme, applicants must meet all statutory criteria and satisfy one of the following investment requirements:
OPTION 1. Purchase Turkish Property
The first Citizenship by Investment option requires you to invest a minimum $400,000 real estate purchase in Türkiye. Moreover, you pay 1-8% VAT on a new property, while there is no VAT for resale.
Stamp duty is 4%, divided between you, the buyer, and the seller (although in the resale market, you will bear the cost of the entire 4%). Additionally, you pay 2% of the 4% real estate commission, while the seller covers the remaining 2%.
Furthermore, there is no Turkish government contribution amount. Additionally, you won’t need to worry about due diligence fees or administrative fees, except for minor negligible charges.
OPTION 2. Make a Bank Deposit in Türkiye
Deposit in a Turkish bank account at least $500,000 or other foreign currency’s worth of Turkish lira.
OPTION 3. Invest in a Turkish Real Estate or Venture Capital Investment Fund
The Presidency of the Republic of Türkiye Investment Option sets out the conditions. These are by “buying real estate investment fund shares or venture capital investment fund shares worth a minimum of USD 500,000 or equivalent foreign currency with the condition that they are not sold for at least three years, as attested by the Capital Markets Board of Türkiye”.
OPTION 4. Make a Turkish Fixed Capital Investment
Your fixed capital investment needs to be at least $500,000 for this “Turkey Citizenship-by-Investment Program” option.
OPTION 5. Buy Government Bonds in Türkiye
Your investment needs to be at least $500,000 for this “Turkish Citizenship-by-Investment Program” option.
OPTION 6. Create Jobs For Turkish Citizens With a New Business
Another way of qualifying for Türkiye Citizenship by Investment is by starting a new company. Create jobs for at least 50 people to satisfy Ministry of Labor and Social Security quotas.
Other Turkish Citizenship Requirements and Benefits
To be eligible for the Türkiye Citizenship by Investment Programme, first, you must hold onto your investment for at least 3 years. Additionally, you don’t have to live in Türkiye to qualify for citizenship there.
Turkish Citizenship by Investment Application Process
MONTH 1
Turkish citizenship onboarding process
We commence our Turkish Citizenship by Investment application process with Form 1, the initial RIF Trust due diligence. Subsequently, following this screening, we provide you with a Client Agreement (CA). You must review and sign this.
Upon completing the CA, you issue a Power of Attorney to our Turkish lawyers. Consequently, they open a bank account, purchase property, and proceed with the Turkish citizenship application. In the next steps, the lawyers will request a government conformity letter. Then, they will apply for short-term residence permits.
MONTHS 2-4
Application review and submission of Turkish Citizenship by Investment
Before submitting your documents, we review your application. This ensures your file complies with the Investment Office of the Presidency of the Republic of Türkiye’s requirements.
Additionally, the Investment Office undertakes its own due diligence and reviews all the paperwork. Throughout this process, we will continue to work closely with them.
MONTHS 4-6
Turkish Citizenship issued
The Investment Office will assess your application. Upon approval, make all necessary contributions. This includes paying any applicable government fees. These contributions and payments, in turn, complete your Türkiye Citizenship by Investment application.
Contact Us if You Are Looking for a Visa Application
Need a consultation? Call us today +92 300 833 0167 or email us: info@riftrustglobal.com