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Turkey: The case for Turkish Citizenship

February 18, 2022

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When researching countries with Citizenship by Investment programmes, Turkey may be one of the options you come across. You may also be wondering what Turkey has to offer you. There may be other countries you could invest in that provide access to more countries or are cheaper to invest in – so why invest in Turkey?

Known for being the bridge between Asia and Europe, it is rich history and culture, breath-taking architecture and landscapes,  culinary experience and picturesque experiences such as hot air ballooning in Cappadocia; the country is full of life and exciting adventures.

Launching of hot air balloons in Cappadocia at sunrise

Ways to Invest in Turkey

One of the benefits of investing in Turkey is the several choices you have for investment. You can apply for citizenship within these four investment options:

1.  Minimum of USD 250,000 in real estate investment.

2.  A fixed capital investment of USD 500,000.

3.  Create jobs for at least 50 people.

4.  Deposit USD 500,000 on condition to not withdraw from this amount for three years.

These options allow you to have Turkey citizenship by investment, especially if you have specific goals for your plan, like starting a business.

The most popular route by far is property investment due to several factors: the flexibility in choosing the attractive property returns on investment.

Benefits of Investing in Turkey

If you’re looking to invest in Turkey for the business aspect, you’re in for a lot of good news. Firstly, the country acting as a bridge between Asia and Europe provides easy and fast access to both, whether for business or pleasure.

With Turkey citizenship by investment, you receive visa-free travel and visa-on-arrival to 110 countries, including Japan, Brazil, Singapore, and Hong Kong; this expands your business opportunities for growth and networking.

With a Turkish passport, one can apply for the E-2 investor visa for the United States of America: by investing in a business (of around USD 100,000), you and your family have the right to live, work and study in the US.

In addition, Turkish nationals with the intention of setting up a business in the UK may be eligible to apply for the Turkish Businessperson Visa.

Eligibility for Investing in Turkey

There isn’t much that can impede you from investing in Turkey. You need to be 18 years or older, pass the due diligence successfully, and have no criminal record.

The time it takes before you have your citizenship by investment is only four to six months, so you could make it your goal for the year and travel to your new country for Christmas.

Would You Invest in Turkey?

Whether you’re looking for business or pleasure, Turkish Citizenship by Investment will benefit you in many ways. You will have global access essentially, covering Asia, Europe, and the United States. You can conduct business anywhere with minimal paperwork and costs, which everyone wants.

Don’t forget the cultural experiences from the countries either. You and your family will be able to travel and experience an incredible range of cultures, events, and bucket list items.

At Passport Legacy, we can help you acquire citizenship by investing in Turkey with utmost privacy and tailor-made customer service. We take all the guesswork out and provide you with open communication throughout the process.

If you want more information about acquiring citizenship and property in Turkey, you can visit the Republic of Turkey Investment Office’s Residency here.

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Other Programs We Offer

Passport Legacy is a trusted residence and citizenship by an investment firm recognized for delivering best immigration services globally. Passport Legacy specializing in citizenship and residence by investment programs, comprises internationally licensed lawyers, investment advisors, and immigration experts. Our dedicated team of professionals are recognized for delivering the best dual citizenship,passport and visa services. Trust Passport Legacy to be your reliable partner to support on your path to a successful global future.

Frequently Asked Questions (FAQ’s)

What is the difference between citizenship and residency by investment programs?

Citizenship by investment programs may not require physical residency and can grant citizenship within 2 to 6 months. Residency by investment programs grant residency within 3 months but not citizenship. To obtain citizenship through residency programs, applicants must comply with legal requirements, such as residing in the country for a certain time and paying taxes. However, not all residency programs lead to citizenship, as it's at the discretion of the government.

How much does it cost to apply for a second passport?

The minimum investment for a second citizenship by a single applicant is São Tomé and Príncipe, which requires an investment of USD 90,000. Please contact us for an exact price breakdown.

Do we need to pay the full amount upfront?

Passport Legacy's CBI programs require payment in three installments. The first payment is 5%, the second payment is 25%, and the final payment, which amounts to 70% of the total cost, is due after receiving Approval in Principle.

What documents are required?

To start the process, applicants need to provide us with KYC (know your customer) documents such as a passport copy, birth and marriage certificates, police certificates, bank reference, and health clearance. Some documents may require translation or legalisation, but our client advisors will guide you through the process.

Do I need to renounce my original passport?

Acquiring a second citizenship by investment in any country does not usually require renouncing one's original nationality under the citizenship law of the country where citizenship was obtained through investment.

How do I book an appointment for a consultation?

You can reach us by phone or email anytime. We currently have offices in the UAE (Dubai), Switzerland (Zurich), Nigeria (Lagos & Abuja), Lebanon (Beirut), Singapore, Pakistan (Lahore), Egypt (Cairo), Malaysia (Kuala Lumpur) and The Philippines (Manila).

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