The first point we want to emphasize is that citizens of all countries around the world have the opportunity to apply for Turkish citizenship through the Investment program. This program allows individuals to obtain Turkish citizenship by making certain investments in Turkey. However, it is important to note that there are some restrictions on purchasing real estate in Turkey for passport holders of certain countries. Citizens of these countries are not eligible to apply for Turkish citizenship through the real estate investment route but can explore other investment options available in Turkey, such as depositing $500K in a Turkish bank, hiring 50 workers, investing corporate capital, or investing in government debt instruments.
Let’s take a closer look at the countries whose citizens cannot purchase real estate in Turkey under any circumstances, as mandated by Turkish law. These countries include North Korea, Armenia, Taiwan, and Syria. In these cases, individuals from these countries would need to explore alternative investment options if they wish to apply for Turkish citizenship.
In addition to the four countries mentioned above, there are also neighboring countries of Turkey that face certain limitations when it comes to purchasing real estate Turkey. For example, citizens of Iraq are not allowed to purchase real estate in Şırnak and Hakkari provinces, while citizens of Iran face restrictions in Hakkari, Van, Ağrı, and Iğdır provinces. Citizens of Georgia are not permitted to purchase real estate in Artvin and Ardahan provinces, and citizens of Azerbaijan are restricted in purchasing real estate in Iğdır province. Furthermore, citizens of Bulgaria are not allowed to purchase real estate in Edirne and Kırklareli provinces, and citizens of Greece face limitations in purchasing real estate in the Aegean and Marmara Seaside cities of Turkey.
It is important to note that citizens of countries other than those mentioned above can purchase real estate from anywhere in Turkey without any restrictions. This opens up a wide range of possibilities for individuals who wish to invest in Turkish real estate in order to obtain Turkish citizenship.
Now, let us briefly explain the process involved in obtaining Turkish citizenship through Investment program. The process can be broken down into several steps:
1. Obtaining a Tax Number and opening a bank account in Turkey: As part of the process, individuals must obtain a potential tax ID number in Turkey in order to be able to open a bank account and conduct financial transactions and fulfil their tax obligations in Turkey.
2. Investment: Apart from real estate investment, there are other investment options available, such as employment, bank deposit, capital investment, government debt instruments, and real estate investment funds. Individuals can choose the investment option that best suits their needs and preferences.
3. Investment Valuation Report: Applicants must obtain an investment valuation report from an authorized appraisal company. This report provides an estimate of the value of the investment made by the applicant and is one of the most important documents in the process of obtaining Turkish citizenship through investment.
4. Three Years Holding Commitment: Once the investment is made, applicants must commit to holding the investment for a minimum period of three years in order to maintain their eligibility for Turkish citizenship.
5. Certificate of Conformity: Applicants need to obtain a certificate of conformity to prove that they have fulfilled all the necessary requirements for Turkish citizenship.
6. Turkish Residence Permit Application: Before applying for Turkish citizenship, main investors must have a valid Turkish residence permit. This permit allows individuals to legally stay in Turkey during the citizenship application process.
7. Turkish Citizenship Application: After fulfilling all the requirements, including the three years holding commitment, investors can finally apply for Turkish citizenship. Once the application is approved, individuals are granted Turkish citizenship and can enjoy all the benefits and privileges associated with it.
In conclusion, the Citizenship by Investment program in Turkey offers a unique opportunity for individuals from around the world to obtain Turkish citizenship through various investment options. While there are limitations on purchasing real estate in Turkey for citizens of certain countries, alternative investment options are available to ensure equal opportunities for all. By following the necessary steps and fulfilling the requirements, individuals can successfully obtain Turkish citizenship and benefit from the countless opportunities that Turkey has to offer.
Aslan Attorney: Your Trusted Legal Law Firm in Istanbul
The Turkish Citizenship process can be complex and requires deep understanding and expertise in Turkish law. Aslan Attorney is at the forefront among immigration law firms in Turkey in navigating this process smoothly and efficiently. Our immigration lawyers in Istanbul possesses a unique experience base derived from previous client files, guaranteeing applicants find solutions faster than any other immigration Law Firm in Istanbul, particularly in complex situations relating to the Turkish citizenship process.
