Due to the strong interest and ties that some foreigners have with our country, it is feasible for them to obtain citizenship in the Republic of Turkey in a much simpler manner than any other foreigner. This process is known as extraordinary way of the obtaining citizenship.
Foreign investors may also be able to obtain citizenship in a unique method. In order for a foreigner to obtain Turkish citizenship by investment, he must invest in a specific quantity and scope.
Foreigners investing with a short-term residence permit can obtain citizenship. According to Presidential Decree No. 418, anyone who fits any of the following criteria can get Turkish citizenship by investment, subject to the President’s approval.
Acquisition of Citizenship through Fixed Capital Investment: Foreign investors who have made a fixed capital investment of at least 500.000 USD or equal foreign cash or equivalent Turkish Lira, as defined by the Ministry of Industry and Technology, may apply for citizenship. Purchasing real estate on its own does not qualify as an investment. Investments in fixed capital should be made in the production of commodities and services. As a result, it should include factory-related elements.
Acquisition of Citizenship through Real Estate Investment: Foreign investors determined by the Ministry of Environment and Urbanization may obtain Turkish citizenship if an annotation of at least 400,000 US dollars or its equivalent in foreign currency or its equivalent in Turkish lira is placed in the land registry records of the immovable property for a period of three years. A real estate valuation report demonstrating the market worth of the real estate must be completed by real estate valuation institutions licensed by the Capital Markets Board and the Banking Supervision Board before the real estate can be purchased. The date of issuance of the appraisal report provided as part of the application for real estate purchase must be no more than three (3) months prior to the application date.
Acquisition of Citizenship through Employment Creation: Foreign investors who create at least 50 jobs, as defined by the Ministry of Family, Labour and Social Services, can obtain Turkish citizenship. Acquiring Citizenship by Investing in Banks in Turkey through Opening Deposit Account: Foreign investors who have deposited in Turkish banks, as determined by the Banking Regulation and Supervision Agency, may obtain Turkish citizenship if they keep the deposit in the amount of at least 500,000 US dollars or its equivalent in foreign currency or its equivalent in Turkish lira for three years.
Foreign investors, on the other hand, cannot obtain citizenship simply by meeting the legal requirements. It is necessary to submit/have submitted applications with all required documents, and this application must be approved.
The following are some of the elements of the consulting services we offer in this field.
– Execution of Short-Term Residence Permit application processes
– Determining the type of investment for Citizenship Acquisition and aligning financial plans with the legal process
– Carrying out the processes of providing Turkish tax number and opening bank accounts on behalf of the client
– Maintaining the necessary consultancy processes for the provision of all bureaucratic documents required to be prepared by the applicant before the citizenship application
– Continuation of citizenship applications and interview processes on behalf of the client