Turkish Citizenship
Investment
Turkish Citizenship
6 ways by
Turkish citizenship by investment has its laws and rules to be implemented. Within the scope of Article 12 of the Citizenship Law, exceptional cases are regulated in the acquisition of Turkish citizenship.
Within these exceptional cases, foreigners specified by the President’s decision may obtain Turkish nationality. In case they do not have any obstacle in terms of national security and public order.
Now it is possible to obtain Turkish citizenship for foreigners who obtained a residence permit in accordance with subparagraph (j) of Article 31.
According to the relevant article, those who do not work in Turkey but will make investments within the scope and amount determined by the President will be able to obtain a ” special residence permit for investors” and then apply for Turkish citizenship by investment. Also, his/her spouse, children under 18 will be able to obtain a ” ” and then apply for Turkish citizenship. Special Turkish residence permit for investors As of January 6, 2022, the scope and amount of investments determined to be able to apply for Turkish citizenship by property investment have been changed by the Presidential Decision. According to this decree, foreigners who meet any of the following 6 conditions will be able to get Turkish citizenship by the President’s decision:
1. Making a fixed capital investment in Turkey amounting to a minimum $500.000. Or equivalent foreign currency that is determin ed by the Ministry of Industry and Technology.
2. Purchasing real estate property in Turkey with a minimum value of 250.000 USD or its equivalent in foreign currency. An annotation should be added to the title deed that it cannot be sold for at least three (3) years. At least 250,000 USD or equivalent foreign currency should be paid in advance for the purchased real estate with property owner ship or a construction servitude. The notarized preliminary sale contract should be recorded at the relevant title registry with the commitment not to transfer. The abandonment of the agreement for a period of 3 years is determined by the Ministry of Environment and Urbanization.
According to the relevant article, those who do not work in Turkey but will make investments within the scope and amount determined by the President will be able to obtain a ” special residence permit for investors” and then apply for Turkish citizenship by investment. Also, his/her spouse, children under 18 will be able to obtain a ” ” and then apply for Turkish citizenship. Special Turkish residence permit for investors As of January 6, 2022, the scope and amount of investments determined to be able to apply for Turkish citizenship by property investment have been changed by the Presidential Decision. According to this decree, foreigners who meet any of the following 6 conditions will be able to get Turkish citizenship by the President’s decision:
1. Making a fixed capital investment in Turkey amounting to a minimum $500.000. Or equivalent foreign currency that is determin ed by the Ministry of Industry and Technology.
2. Purchasing real estate property in Turkey with a minimum value of 250.000 USD or its equivalent in foreign currency. An annotation should be added to the title deed that it cannot be sold for at least three (3) years. At least 250,000 USD or equivalent foreign currency should be paid in advance for the purchased real estate with property owner ship or a construction servitude. The notarized preliminary sale contract should be recorded at the relevant title registry with the commitment not to transfer. The abandonment of the agreement for a period of 3 years is determined by the Ministry of Environment and Urbanization.
According to the relevant article, those who do not work in Turkey but will make investments within the scope and amount determined by the President will be able to obtain a ” special residence permit for investors” and then apply for Turkish citizenship by investment. Also, his/her spouse, children under 18 will be able to obtain a ” ” and then apply for Turkish citizenship. Special Turkish residence permit for investors As of January 6, 2022, the scope and amount of investments determined to be able to apply for Turkish citizenship by property investment have been changed by the Presidential Decision. According to this decree, foreigners who meet any of the following 6 conditions will be able to get Turkish citizenship by the President’s decision:
1. Making a fixed capital investment in Turkey amounting to a minimum $500.000. Or equivalent foreign currency that is determin ed by the Ministry of Industry and Technology.
2. Purchasing real estate property in Turkey with a minimum value of 250.000 USD or its equivalent in foreign currency. An annotation should be added to the title deed that it cannot be sold for at least three (3) years. At least 250,000 USD or equivalent foreign currency should be paid in advance for the purchased real estate with property owner ship or a construction servitude. The notarized preliminary sale contract should be recorded at the relevant title registry with the commitment not to transfer. The abandonment of the agreement for a period of 3 years is determined by the Ministry of Environment and Urbanization.
Other Citizenship
by investment options
Employing at least 50 people determined by the Ministry of Family, Labor and Urbanization.
Depositing a minimum of $500.000 or equivalent foreign currency to the banks operating in Turkey. It has the condition of keeping it for at least 3 years which is determined by the Banking Regulation and Supervision Agency.
Purchasing debt instruments of the government amounting at least $500.000 or equiva lent foreign currency. It should be kept in reserve for 3 years that is determined by the Ministry of Treasury and Finance. Purchasing real estate participation fund share and venture capital investment fund share amounting to at least $500.000 or equivalent amount of foreign currency. It also has the condition to keep those in reserve for 3 years that is determined by the Capital Market Board.
Each of the above-mentioned investment routes has different procedures and different documents are requested. As a result of the evaluations made in line with these procedures, a “Certificate of Conformity” is issued to determine that foreigners are within the scope of “people who can obtain Turkish citizenship by investment”.
Employing at least 50 people determined by the Ministry of Family, Labor and Urbanization.
Depositing a minimum of $500.000 or equivalent foreign currency to the banks operating in Turkey. It has the condition of keeping it for at least 3 years which is determined by the Banking Regulation and Supervision Agency.
Purchasing debt instruments of the government amounting at least $500.000 or equiva lent foreign currency. It should be kept in reserve for 3 years that is determined by the Ministry of Treasury and Finance. Purchasing real estate participation fund share and venture capital investment fund share amounting to at least $500.000 or equivalent amount of foreign currency. It also has the condition to keep those in reserve for 3 years that is determined by the Capital Market Board.
Each of the above-mentioned investment routes has different procedures and different documents are requested. As a result of the evaluations made in line with these procedures, a “Certificate of Conformity” is issued to determine that foreigners are within the scope of “people who can obtain Turkish citizenship by investment”.
Employing at least 50 people determined by the Ministry of Family, Labor and Urbanization.
Depositing a minimum of $500.000 or equivalent foreign currency to the banks operating in Turkey. It has the condition of keeping it for at least 3 years which is determined by the Banking Regulation and Supervision Agency.
Purchasing debt instruments of the government amounting at least $500.000 or equiva lent foreign currency. It should be kept in reserve for 3 years that is determined by the Ministry of Treasury and Finance. Purchasing real estate participation fund share and venture capital investment fund share amounting to at least $500.000 or equivalent amount of foreign currency. It also has the condition to keep those in reserve for 3 years that is determined by the Capital Market Board.
Each of the above-mentioned investment routes has different procedures and different documents are requested. As a result of the evaluations made in line with these procedures, a “Certificate of Conformity” is issued to determine that foreigners are within the scope of “people who can obtain Turkish citizenship by investment”.
Certificate
of Conformity
in Turkey
The Certificate of Conformity shows that the investment is in compliance with the Law and is officially approved. It is the basic application document for investors acquiring a special residence permit and applying for Turkish citizenship by real estate.
In this context, all process steps must be followed meticulously to obtain the Certificate of Conformity and to prevent the application process from prolonging or resulting in negative results.
In conclusion, you can visit our “Practice Areas” to see our activities in this field and contact us for legal support.
Source: Turkish Citizenship Law, Regulation on the Implementation of Turkish Citizenship Law, Foreigners and International Protection Law, Presidential Decree No. 5072.
in Turkey
of Conformity
Turkish citizenship by investment has its laws and rules to be implemented. Within the scope of Article 12 of the Citizenship Law, exceptional cases are regulated in the acquisition of Turkish citizenship.
Within these exceptional cases, foreigners specified by the President’s decision may obtain Turkish nationality. In case they do not have any obstacle in terms of national security and public order.
Now it is possible to obtain Turkish citizenship for foreigners who obtained a residence permit in accordance with subparagraph (j) of Article 31.
Certificate
Important Issues Regarding Required Documents
All documents required when applying for Turkish citizenship must be original and approved. These documents must be issued/approved by a public notary, foreign representative, or the competent authorities of their country, depending on their qualification.
Otherwise, your Turkish nationality applications will not be accepted by the relevant authority. In order not to encounter such a situation and not to prolong the application process, the application files should be prepared meticulously by bringing together all the documents completely.
Turkish Citizenship
Required Documents for
Application by Investment
Investors who want to get Turkish citizenship by investment must first obtain a special residence permit for investors to apply for citizenship. The following documents are required for the application of special residence permit for investors in Turkey:
1. 2 biometric photos, 50×60 mm in size, taken on a white background, without a pattern, in accordance with the standards set by ICAO and can be read in the machine,
2. Residence permit application form,
3. Certificate of conformity,
4. Notarized Turkish translation of the passport,
5. Health insurance covering the period for which residence permit is requested,
6. A receipt showing that the residence permit fee and card fee have been paid,
7. Copy of old residence permit or work permit, if there were any,
8. Power of attorney if the application is to be made through a lawyer.
The documents required for Turkish residence permit applications must be completely prepared. Otherwise, the application will not be accepted by the relevant authority. In order not to encounter such a situation and not to prolong the application process, the application file should be prepared meticulously by bringing together the documents completely.
You can visit the “Practice Areas” section on our website to see our activities on this issue, and contact us for legal support.
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