The Spouse and children who are less than 18 years old will also be granted Turkish Citizenship. 3. With property investments priced from only $250,000, the Turkey CBI program offers excellent value for money, a simple application process, and a powerful passport. You may reach our attorneys for Turkish Citizenship with Investment 2020 by sending an email or through Contact page. Please also note that in such three-year period, a foreigner may benefit from the interest, dividend and similar returns arising from the deposited amount pursuant to executed contracts with banks and type of the bank account provided that the deposited amount shall not fall below the amount of $500.000. 408 through the publication in the Official Gazette dated December 7, 2018 and it is now possible to apply for Turkish citizenship by executing preliminary sale contract before notary public as for the real estates under construction projects provided that a real estate has construction servitude deed or condominium deed. The Advantages of Turkish Citizenship by Investment 2020 No minimum stay requirement. This situation has caused great difficulties for foreigners who are not aware of the legislation. December 3, 2020. Purchase minimum of $500,000 public borrowing vehicles of Turkey (prior to the amendment such amount was $3,000,000) and keep them for at least three years; Purchase minimum of $500,000 of Turkish real estate participation fund shares or Turkish capital investment trust fund shares (prior to the amendment such amount was $1,500,000) and keep those shares for at least three years. For regular short-term residence permit application process the waiting period for an appointment/interview date at many popular districts (such as Istanbul, Izmir, Ankara) is quite long (2 to 3 months). Normally, in order to make a short-term residence permit application, the foreigner should enter Turkey with a valid visa, or by benefiting from a visa exemption. Review the information provided by the developer (if the property is off-plan). Turkey offers one of the best “citizenship by investment” programs to provide a safe haven for your family. The real estate should not be registered on behalf of the company where the foreigner is the partner or manager. The Advantages of Turkish Citizenship by Investment 2020 No minimum stay requirement. We offer services in English,Turkish,Arabic,Russian and Persian. If you are a citizen of a country which does not allow dual citizenship, you need to forfeit your original citizenship. Turkish Citizenship By Investment Program 2020 You can be a Turkish Citizen by purchasing a property in Turkey that is worth a minimum of $250,000. You can reach your customer representative 7/24 in case of emergency. Point (b) The condition that the amendment of the regulation taken on the date of 12.01.2017 and for the immovable/immovables acquired in the date interval in which this directive entered into force shall not be required to be purchased with the same journal number. When the real estate is purchased, the annotation of the real estate must not be sold for three years. March 3, 2020 Christian Henrik Nesheim Comments Off on Citizenship Investors Now Raise $250m a Month for Turkey, According to Ministry of Interior Application data for Turkey’s citizenship by investment program, as reported by the government, defy belief; nearly 25,000 new citizens in 17 months. Legalixa Law Firm offers full services until you get Turkish Passport. Turkish Citizenship by Investment 2020 Which date is taken into consideration to determine the exchange rate for the bank receipts presented to evidence payment? Citizenship by investment provides a direct route to legally acquiring citizenship via an investment or contribution to the economy of a nation. Expat Guide Turkey is a consultancy company offering umbrella services and services on immigration issues including work and residence permit, company formation and property management for foreigners in Turkey. If the tenant is not paying rent on time, we will send him/her a warning letter. Trade registry gazette which shows the partnership structure of the legal entity which has made the fixed capital investment which constitutes the basis of application and the investment amountd. Turkish Citizenship by Investment in 2020 Become a Turkish Citizen just by $ 250.000 Investment only within 4 months with our Turkish Immigration law Attorneys. Please also note that workplace addresses cannot be declared as residence addresses. In order to obtain conformity certificate from Ministry of Environment and Urbanization following steps should be taken into consideration: In order to apply for Turkish citizenship by way of real estate investment in Turkey, the real estate should be purchased with a minimum value of $1,000,000 between the dates January 12, 2017 – September 18, 2018. COPYRIGHT 2021 © LEGALIXA IMMIGRATION LAW FIRM, Turkey Citizenship with 250.000 USD Property, Purchase of a real estate property in Turkey with a minimum value of $250,000 (prior to the amendment such amount was $1,000,000), such property shall also have an annotation of no-sale for at least three years at the relevant title registry; or purchase a real estate which has a property ownership or a construction servitude on it, with a preliminary sale contract executed before a notary public and at least $250,000 or amount of foreign currency or Turkish Liras has been paid in advance and such notarized preliminary sale contract should be recorded at the relevant title registry with the undertaking not to assign or de-register the agreement for a period of three years, A fixed capital investment of a minimum $500,000 (prior to the amendment such amount was $2,000,000) in a Turkish corporate entity, Generate employment for at least 50 individuals in Turkey (prior to the amendment such amount was 100 individuals), Deposit a minimum of $500,000 to banks that operate in Turkey (prior to the amendment such amount was $3,000,000) with the condition to keep such deposit at such bank for at least three years. Foreigner shall also apply for Turkish citizenship based on a joint account (with his/her spouse or any other person) provided that joint account holder(s) other than the applicant has an express consent that they keep such deposit at bank for at least three years. As of May 2020, investors have a number of investment options to qualify for the Turkish CIP: A $250,000 investment in property, with the value appraised and confirmed by a licensed professional, and recognised by the Turkish Government. Turkish Citizenship by Investment Programme You can be a Turkish Citizen by purchasing a property in Turkey that is worth a minimum of $250,000. We have experts who will help you throughout the process for completing all the legal procedure from property search to purchasing the property. December 3, 2020 By Cass. Turkey, the 5th most eligible RCBI market in 2020 according to the Investment Migration Market Eligibility Index, is a 2-for-1 investment migration market: It is not merely one of the world’s largest source countries for investor migrants; since 2017, it’s also hosted what in but a few short years has become the most popular citizenship by investment program globally, and by a wide margin. We check whether the real estate tax payments are in good standing, check the local municipality whether the property has all necessary licenses. by; If the owner is registered as a Turkish citizen in the system, the citizenship will be revoked until the end of three years’. 1. Turkey intended to qualify for citizenship fixed capital amount was reduced to 500.000 $ from 2 million $. An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. We are willing to be your fellow throughout the citizenship process with our experienced lawyers and advisors. The government is working on expanding the application of citizenship in order to led up for foreigners to bring foreign currency investments to the country. The evaluation reports which will be submitted within the scope of this instruction shall belong to the same year and the application and operation made at the end of the year or the applications which have not been finished in the same year the reports submitted will be reevaluated according to the reevaluation ratio determined by the Ministry of Finances. Such value assessment report shall be valid until the end of the transaction. Consent letter (taken from notary or the related officer in domestic, if abroad external representation or from the authorized offices from his/her country) for the children who are under their mother’s/father’s custody and applying the citizenship with. Turkish Government is doing its best to reduce time. As informed in (b) Regulation (a) Article 20 of the Regulation with the amendment of the Article 2 «b» which regulates the condition for the exceptional acquisiton of Turkish citizenship and referred as « it is possible to obtain Turkish citizenship on exceptional basis for foreign nationality who purchased the immovable property with a minimum amount of 250,000 $ having land registry record which are determined by the Ministry of Environment and Urbanism on the condition that it is not going to be sold for three years». Turkish Citizenship by Investment Program was firstly launched in early 2017 to attract foreign investors to boost the country’s economy in the real estate sector. You can buy several properties which have a total value of minimum 250.000 USD. In line with the further amendments made by The President Decision No. Additionally, we have extensive experience on resident permit and immigration & citizenship services for foreign citizens. If such record is not registered during the purchase transactions, the owner of such real estate shall request to register an annotation of no-sale for at least three years at the relevant title registry. Give procedures to us, focus on your work. TURKISH CITIZENSHIP BY INVESTMENT … But if your original country allows dual citizenship, you can have dual citizenship. An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. As you are in a foreign country, you will have different needs. 106 decision of foreign nationality were changed with the concept of Turkish citizenship. After making the investment and meeting other eligibility criteria, you and your family can attain Turkish Passport within 2 to 3 months. Turkey offers one of the best “citizenship by investment” programs to provide a safe haven for your family. The foreign real person who has bought the real estate should be arranged and declared; From now on, the immovable property which will be purchase for purpose of obtaining Turkish citizenship should commit that tyhe property will not be sold for 3 years. Receive your Turkish passport 3 months later Accordingly, the Turkish Government introduced the option of obtaining a Turkish Citizenship via making an investment in Turkey, like other countries in the world, with certain reservations. Marital status document and if married marriage certificate, if divorced divorce certificate, if widow/widower death certificate. 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