BECOME A
GLOBAL CITIZEN
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Turkey Citizenship
Travelling and going on business trips to 100+ countries without visas
The Turkish citizenship by investment program is one of the most popular ones among investors.
Cosmopolitans can obtain second citizenship by investing $400,000+ in the country’s economy. There are five options available: purchase of real estate or units of an investment fund or bonds, participation in the share capital of a Turkish company, and opening of a deposit in a Turkish bank.
The purchase of real estate is the most demanded option. Real estate prices grow by 15 to 25% per year in Turkey. As a result, home sales to investors grew by 43.5% in 2021.
Family members such as a spouse and children can get second citizenship in Turkey along with the investor.
Benefits of Turkey citizenship
The second citizenship gives the right to live, work, study and run a business in Turkey without restrictions.
100+ visa-free countries with the Turkish passport
China
Japan
Singapore
South Korea
+ 12 countries
Kenya
Madagascar
Seychelles
Tanzania
+ 18 countries
Ireland
Kosovo
Russia
Kiribati
Micronesia
New Caledonia
Niue
+ 10 countries
Bahamas
Barbados
Caymans
Haiti
+ 27 countries
Aruba
Brazil
Colombia
Peru
+ 8 countries
Investment options for Turkey citizenship
The Turkish program offers five investment options:
1. Purchase of real estate — $400,000+
2. Business investments — $500,000+
3. Bank deposit — $500,000+
4. Purchase of government bonds — $500,000+
5. Purchase of units in an investment fund — $500,000+
Under the Turkish Citizenship Law, the investment sum is set in US dollars due to the volatility of the national currency.
Investors can purchase housing or commercial facilities, land, or a share in a real estate project. After three years, the object can be sold to anyone, not necessarily to an investor who also wants to participate in the Turkish citizenship program.
The investment amount doesn’t depend on the investor’s family composition.
Purchase of real estate
Related taxes and fees
Government fees under the citizenship program
Investor
$4OO,000
$14,000+
$574 per each family member
Step-by-step procedure for obtaining Turkey citizenship
Mckhavens consulting conducts its own preliminary Due Diligence to prepare for citizenship by investment unit check. The initial Due Diligence helps to identify rejection risks and find a solution in advance.
The preliminary check is entirely confidential. An investor provides only their passport.
Mckhavens consulting has its own Compliance Department. Clients’ documents are checked by a certified Anti Money Laundering Officer who knows the nuances of Due Diligence procedures in different countries.
The preliminary Due Diligence lowers the risk of citizenship denial to 1%.
Pass a quick test and learn the nuances that can prevent you from obtaining a second citizenship
Mckhavens consulting lawyers provide the investor with a list of personal and financial documents required to participate in the program. When the documents are received, the lawyers prepare them for application: the documents are translated, copies are certified, and government forms are filled out.
The Mckhavens consulting real estate department selects properties that meet the investor’s requirements. For example, it can be an apartment for rent or purchase of property under construction. Our lawyers check the clean title to a property and the contract terms.
The investor chooses an object and makes an advance payment of $1,000 to $5,000. Then the contract of sale and purchase is signed and paid: it includes the total cost of the object minus the advance payment.
Mckhavens consulting lawyers help get a certificate of ownership and a VAT exemption of 0% per transaction. We also receive two conclusions: an assessment of the value of the object and a report on the compliance of real estate with the conditions of the Turkish citizenship program.
We help obtain a residence permit in Turkey for participants in the citizenship program, and immediately after that, we submit an investor’s application for citizenship. The citizenship by investment unit conducts Due Diligence, which lasts 2 to 3 months. Specialists study the investors’ documents and check information about them and their families in international databases.
Due Diligence is the decisive stage of the program. The results of the check define whether the applicants will receive citizenship.
After the approval of the application, the investor receives a passport. It is unnecessary to come to Turkey to get a passport: the document can be obtained at a Turkish embassy or a consulate in another country.
If the investor wants to get an ID card, it is necessary to submit fingerprints. Fingerprinting is usually organized at a Turkish embassy, or the investor can come to the country. The ID card will be ready in 2-3 weeks after fingerprinting.
Property example under the Turkey citizenship by investment program
Investors can buy apartments, villas, plots of land, and shares in real estate projects.
Sea view apartments in a luxury residential project
A sea view apartment in Izmir is worth $645,000. The area is 236 m², and the condo has three bedrooms and two bathrooms. The distance to the sea is 1 km on foot.
There is a pool and a terrace on the roof of the residential complex.
Parks, public transport stops and major highways are nearby the complex.
Answers to frequently asked questions
No one can guarantee that you will obtain citizenship by investment. Moreover, if a company claims a 100% guarantee, you probably deal with scammers.
Immigrant Invest has a Compliance Department. We conduct a preliminary check of applicants to identify the risk of rejection and find solutions to possible problems. Thanks to this, most of our clients successfully pass Due Diligence and get citizenship.
Choose the option with a purchase of the real estate. The property can be sold after 3 years, and the money returned.
As long as the investor owns the property, they can receive income from renting real estate. Some developers predict rental yield at 8% per annum in US dollars. The investor pays a capital gains tax of 35% on the rental income.
Turkish passports by investment are obtained remotely. The investor and their family members do not take language proficiency tests or history exams. There are no requirements to reside in Turkey.
In addition to the cost of real estate, the applicant pays state and notary fees and pays for the property examination. Related costs amount to about 5% of the property value.
No, only a licensed program agent can apply on behalf of an investor by law.
Together with the investor, their spouse and minor children under 18 years old can participate in the investment program. It is also possible to get a residence permit for parents of the investor or their spouse, as well as for children over 18 years old.
The fee for a residence permit under the investor program is $5,000 per person. One can apply for a residence permit simultaneously with the investor’s application for citizenship or after the investor has received a Turkish passport.
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Matthew Oke Havens
Senior Consultant & Partner (Africa)