Obtaining Turkish citizenship | New updates in the policy of granting Turkish citizenship

Obtaining Turkish citizenship | New updates in the policy of granting Turkish citizenship

The Turkish government recently amended the minimum investment by owning a property to obtain citizenship to $400,000 provided that the property is not sold or transferred for at least three years. It also included incomplete properties ‘under construction so that a naturalization application could be submitted on a purchase basis.

Conditions for obtaining Turkish citizenship

1. Buy a property worth at least $400,000 and not sell it for 3 years.
2. Employing at least 50 citizens of Turkish nationality.
3. Deposit a sum of $500,000 and not withdraw it for at least 3 years.

Note: Under the latest decision issued by the Turkish government on 23 January 2022, the amounts to be invested in foreign currency are deposited in the bank, and are transferred to the Turkish currency through the bank in which the account was opened and the bank, in turn, sells the currency to the central bank and sends it to the owner of the property and receives the exchange receipt and transfer receipt certified by the bank.

Ways to obtain Turkish citizenship

A- Obtaining Turkish citizenship through investment

Persons applying for Turkish citizenship based on investment through fixed capital of $500,000 must write an application and submit it to the Ministry of Economy, taking into account the attachment of a petition signed by the applicant and explanations for information and proofs of investment and capital.

Steps to consider when applying:

1. Fill out a full investment information form.
2. Attach a picture of passport pages containing personal data.
3. Register the commercial register newspaper that highlights the structure of the contribution and capital of the legal entity that executes the fixed capital investment.
4. Special report on fixed capital through sworn financial consultations.
5. It is noted that the $500,000 investment has been transferred to the company’s capital, which is determined by the capital report and the provision of a receipt for the deposit of the amount.

The application is then submitted to the Ministry of Economy, the ministry rejects applications that do not meet the appropriate requirements, the application is answered within at least one month, and the approved applications are sent to the Ministry of Interior to complete the necessary procedures.

B- Obtaining Turkish citizenship through ownership

The requirement to obtain Turkish citizenship through ownership or real estate investment under the new law is to purchase a property worth at least $400,000, not to sell it for at least 3 years, and to ensure that a written undertaking is written into the title deed as an additional item.

What to consider when applying for Turkish citizenship by ownership:

• A specialized report approved by SPK.
• Assess the value of the property mentioned in the report based on the dollar price by the criteria of the Central Bank of Turkey in dollars.
• Transfer of the amount of investment from foreign currency to the Turkish lira through the bank in which the amount was deposited and which in turn sells the currency to the central bank.
• Adoption of the date of 12 January 2017 and after the application is accepted.
• Mention the pledge not to sell the property for 3 years in the property’s title deed and restrictions at the Tabu Foundation.
• To state that the property in question was purchased under the Law on Obtaining Citizenship in an exceptional manner.

Papers to be submitted:

1. A valid passport is translated and certified by the notary.
2. “Family” birth certificate for family members or the person applying for citizenship, certified by the Turkish Foreign Ministry and Consulate at his place of residence, or consulate and foreign country applicant in Turkey.
3. “For married couples” certified marriage contract.
4. Tax number and title deed.
5. An evaluation report from the Tabu Department.
6. Transfer receipt of $400,000 or more to the Turkish lira issued by the Central Bank.
7. Delivery of the amount transferred from the Central Bank to the construction company against the price of the property in Turkish lira.
8. Biometric Selfies Number 10.
9. Fixed address in Istanbul with email and phone number.

When assigned, the lawyer follows up on all the procedures and obtains the necessary papers.

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