As compared to other countries turkish citizenship through investment programs is much easier and faster. A lot of countries offer this program with the popular ones being ireland malta greece portugal moldova turkey spain etc.
How long does it take to get turkish citizenship by investment.
How much to invest in turkey to get citizenship. The real estate investment amount was originally set at 1 million but was drastically reduced in september 2018. By investing such amounts in turkey you can become a citizen of turkey shortly within 3 months only after completion of investment. When the real estate is purchased the annotation of the real estate must not be sold for three years.
In return for a 1 000 000 investment into any local real estate you could get a turkish passport. You can put that money in as a deposit in a turkish bank you can buy government bonds or you can buy real estate or venture capital investment fund shares. The most common type of investment for turkish citizenship is the purchase of an immovable property of 250 000.
The good news is that you are not required to make your deposit in lira. To qualify for citizenship you must buy a property 250 000 in turkey residential or commercial. This requires a property purchase of a minimum of 250 000 fees making turkey one of the lowest cost citizenship by investment programmes on the market.
The most important thing here is how much you need to invest. The number currently stands at 500 000. The minimum amount required for applying to citizenship by immovable property in turkey have also determined as 250 000.
The minimum investment amounts for applying to turkish citizenship is 250 000 usd for property investment and 500 000 usd in bank deposit option. Our brothers azerbaijanis have for many years preferred turkey for resting training and treatment are investing today in turkish property which they favor as their second homeland there were 565 property transactions accounted for by azerbaijanis in turkey during the first nine months in 2016. Applicants who purchase real estate in turkey for a value of usd 250 000 shall legally become citizens of turkey with the same rights as any turkish national.
Turkey introduced citizenship by investment program in 2017. In 2018 after lack of any substantial interest turkey cut the investment minimum from 1 000 000 to just 250 000. Real estate investment fund in turkey participation share of at least us 500 000 or equivalent in exchange or equivalent in turkish lira or venture capital investment fund participation share of at least us 500 000 or equivalent in exchange or equivalent in exchange for at least three years provided that the capital purchased by the turkey capital markets board has been determined.
But they all require you to reside for a specific time period as part of the citizenship process. The newly launched turkey citizenship by investment program is the fastest way to obtain the turkish citizenship within an approximate period of 6 months.