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Turkey’s Citizenship by Investment Program (CIP) offers a quick and straightforward path to Turkish citizenship for those seeking to invest in the country’s economy. This program allows applicants to secure citizenship by making a significant investment, making it an appealing option for those seeking greater global mobility and new business opportunities. At Versfeld & Hugo LLC, we specialize in guiding clients through the process and ensuring a smooth experience from start to finish.
In this guide, we’ll cover everything you need to know about obtaining Turkish citizenship through investment—from the available investment options to the step-by-step process, as well as the benefits that come with Turkish citizenship.
Launched in 2017, Turkey’s Citizenship by Investment Program offers a unique opportunity for foreign nationals to obtain Turkish citizenship without the typical long residency requirements. Through the program, individuals can apply for citizenship by making a qualifying investment in Turkey. The process is efficient, typically taking 3 to 6 months from start to finish, and there is no requirement to live in Turkey for any specific period.
A major benefit of this program is that Turkey allows dual citizenship, so applicants can retain their current nationality while gaining the advantages of holding a Turkish passport.
At Versfeld & Hugo, we offer comprehensive legal support to help investors navigate the process. Our experienced team can assist you with selecting the right investment option and guide you through the steps to ensure everything runs smoothly.
To qualify for Turkish citizenship through investment, applicants must meet one of the following investment requirements:
Real Estate Investment
Minimum Investment: USD $400,000 (or equivalent in foreign currency).
The property must be held for a minimum of 3 years before it can be sold. The value of the property must be verified by an official appraisal.
Capital Investment
Minimum Investment: USD $500,000.
This option involves investing in a Turkish business or project, contributing to the Turkish economy.
Job Creation
Minimum Requirement: Create at least 50 jobs for Turkish citizens.
This investment option encourages business owners to contribute to the Turkish labor market.
Bank Deposit
Minimum Investment: USD $500,000 in a Turkish bank account, locked for 3 years.
This allows you to keep your investment in the banking sector while earning interest over the lock-up period.
Government Bonds
Minimum Investment: USD $500,000.
Invest in Turkish government debt securities for a minimum of 3 years.
Investment Funds
Minimum Investment: USD $500,000.
Invest in real estate investment trust (REIT) shares or venture capital fund shares, and hold the investment for at least 3 years.
Private Pension Fund
Minimum Investment: USD $500,000.
Deposit funds into a Turkish private pension system and maintain the contribution for a minimum of 3 years.
At Versfeld & Hugo LLC, we help you choose the investment route that best aligns with your financial goals and ensure that all legal requirements are met. Whether you're interested in real estate, business investment, or banking, our team is here to assist you every step of the way.
Obtaining Turkish citizenship through investment involves several key steps. Here’s a simplified overview of the process:
Choose Your Investment Option
Start by selecting the investment option that suits your financial goals. Our team will help you assess your options based on your preferences, timeline, and available resources.
Make the Investment
Once you’ve decided on your investment, it’s time to proceed. If you're purchasing real estate, we’ll assist you in finding the right property and guide you through the purchase process. For other investment options, we’ll ensure you meet all legal requirements and make the investment in full compliance with Turkish laws.
Obtain a Certificate of Conformity
After completing your investment, you’ll need to apply for a certificate of conformity from the relevant Turkish authorities. This document confirms that your investment meets the requirements for citizenship. Our legal team will help you gather the necessary documents and make sure everything is in order.
Apply for a Residence Permit
Next, you will apply for a residence permit in Turkey. This is required before you can submit your citizenship application. Our team will guide you through the application process to ensure that you meet all requirements.
Submit Your Citizenship Application
With your residence permit approved, we’ll help you prepare and submit your citizenship application. This includes filling out the necessary forms, submitting supporting documents, and attending an interview if needed.
Receive Citizenship Approval
After a review of your application, you’ll receive approval for Turkish citizenship. This process typically takes between 3 to 6 months.
Obtain Your Turkish Passport
Once your citizenship is approved, the final step is to apply for your Turkish passport. This process is typically completed within 1 to 2 weeks after receiving citizenship.
Investing in Turkey’s Citizenship by Investment Program offers a wide range of benefits, including:
Visa-Free Travel
A Turkish passport grants visa-free or visa-on-arrival access to over 110 countries worldwide, including destinations across Asia, Europe, and Latin America.
Access to Business Opportunities
Turkey’s strategic location between Europe, Asia, and the Middle East offers valuable business opportunities for investors. As a Turkish citizen, you can invest in businesses, own property, and enjoy all the rights of local citizens.
Dual Citizenship
Turkey allows dual citizenship, meaning you don’t need to give up your original nationality. This provides additional flexibility and security for you and your family.
Quick Processing
The entire process is one of the fastest globally, typically taking 3 to 6 months from investment to citizenship approval.
Family Inclusion
You can include your spouse and children under 18 in your application, allowing your entire family to benefit from the program.
At Versfeld & Hugo LLC, we ensure that you fully understand and maximize the benefits of Turkish citizenship, guiding you toward the best options for you and your family.
While Turkey’s investment citizenship program is relatively simple, there are a few common mistakes applicants should avoid:
Choosing Ineligible Property
Make sure the property you purchase meets all the requirements for the program. Our team will ensure that your real estate investment is eligible and properly documented.
Not Holding the Investment for 3 Years
The investment must be maintained for at least 3 years. Selling or withdrawing funds before this period can result in the revocation of your citizenship.
Incomplete Documentation
Ensure all documents are notarized, translated, and apostilled. We will assist you in preparing and reviewing your documentation to avoid any delays or complications.
Not Staying Up to Date with Changes
Immigration laws can change, so it’s important to stay informed about the latest requirements. We keep track of all updates to ensure your application remains compliant.
By working with Versfeld & Hugo LLC, you can avoid these common pitfalls and enjoy a smooth and successful citizenship application process.
At Versfeld & Hugo LLC, we specialize in helping investors navigate the Turkish Citizenship by Investment Program. With our professional legal support, we guide you through each step of the process, from choosing the right investment option to obtaining your Turkish passport. Our team is here to ensure that everything is in order and that your application is successful.
Contact us today to learn more about how we can help you obtain Turkish citizenship and unlock new opportunities for you and your family.
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📞 +1 816 891 8600
🌐 www.versfeldimmigration.com
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