Turkey is known as a resort country with a mild Mediterranean climate, beautiful nature, abundant cuisine and friendly people. But the benefits don’t just lie in the weather and culture. Investors become Turkish citizens for profitable investment, business development, purchase of floating real estate and the possibility of obtaining a US E2 business visa.
The intent to renounce Turkish citizenship or to acquire citizenship of another country is submitted by filing a petition in Turkey to the highest administrative official at the person’s place of residence and abroad to the Turkish Consulate. Documents processed by these organizations are sent to the Ministry of Interior (Turkey) for appropriate action.
As for 2022, The Turkish government has changed the regulation for foreigners to acquire . in a bid to support the national currency, or the lira, according to a decree.
Turkey now grants citizenship to foreigners who purchase real estate worth at least $250,000 in Turkey under the condition that the real estate has not been sold for at least three years. Foreign investors can obtain Turkish citizenship for themselves and their families within three months by purchasing a minimum of $250,000 worth of real estate or investing $500,000 in capital across Turkey.
Real estate must be assessed by a person authorized by the Land Register and the Turkish Government. The real estate appraiser prepares a full report for the real estate department and attaches all legal licenses for the building or project, the number of apartments per floor, exterior and interior photos, and real estate dimensions showing the assessed value of the property. Minimum $250,000 as mentioned earlier.
If real estate is being purchased from a construction company or owner, the full purchase price must be indicated on the deed of title, the amount must be remitted to the seller, and this bank receipt must be attached to the title deed’s file.
Another way to gain the citizenship is to create jobs for at least 50 people, as attested by the Ministry of Family, Labour and Social Services.
The main applicant may include their spouse, dependent children below the age of 18, and children of any age who are living with disabilities in their application.
Benefits for the Turkish Citizenship
- Visa-free access to 110 destinations including Hong Kong, Japan and Singapore.
- Citizenship of a country with a mild Mediterranean climate, beautiful scenery and a high standard of living.
- Applicants are granted full citizenship and include family members.
- E2 Investor Visa Eligibility in the U.S. for 5 Years with Possibility of Renewal.
- Access to transcontinental Eurasian countries, which are stable economic, financial and political centers between Europe, West Asia and the Middle East.