In accordance with the amended Turkish Citizenship Law, foreing persons who satisfy one of the below mentioned investment requirements are able to obtain Turkish Citizenship (TC) by Investment:
OPTION (A) stipulates that a minimum amount of property investment shall be made for 400k USD. This amount has been reduced from 1m USD to 250k USD (or the equal value in Turkish Lira) and then increase to 400k USD, on the condition to not sell the property within the next 3 years.
OPTION (B) is to deposit 500k USD in cash (or the equal value in Turkish Lira) for at least 3 years in one of the Turkish Banks.
This means, it is possible to obtain TC for the Investor (Main Applicant) as well as for family members: wife and children below 18 years old with the abovementioned investment option, an once the required criteria are met. For the time being, these two options are fastest options for TCBI.
TC by property investment has been the most preferred choice to proceed with TCBI. However, the chosen property itself must meet certain criteria including having a verified valuation report in place, building licence, and it shall also be clear out of any resctrictions on the Title Deed before transfer. Otherwise it will not be suitable for TC.
Note that, there is no Turkish language requirement to apply for TCBI, and there is no Military service requirement for TCBI applicants who are over 22 years old.
THE PROCEDURE:
The procedure for TCBI is quite straightforward. The only thing the foreign investor has to do is; provide us the necessary certified documentation from his home country and/or his current resident country if residing in another jurisdiction. For bank deposit option (B) it is required foreign investor to travel to Turkey only at the beginning to open a bank account. Up the country you are residing there will be no more physical presence for final stage once the citizenship status is officialy declared for providing fingerprints if the properties meet the threshold of the investment. Other than that there is no need to travel or reside inside Turkey.
All further steps on behalf of foreign investor with an apostilled PoA (Powe of Attorney) including TC application procedures.
The final approval for TC will be done by the Turkish governmental authorities. Provided that all the required documentation is duly compiled, submitted, and once you would demonstrate a clear criminal background, then there would be no refusal of applications in principal.
DURATION OF ACQUSITION OF TC:
Once after the investment is made, post-investment works will be duly handled and followed up by our team before relevant Turkish authorities. We will then initially submit his residence permit and then citizenship applications for all family members. For the time being, it currently takes around 4-6 months to acquire Turkish Citizenship status officially, and issuance of Turkish Passports for all family members.
REQUIRED DOCUMENTS:
Passport copy similar document showing which state foreing investor is citizen of; for stateless persons the relevant document requested if it is possible to provide.
If he is citizen of another state; the passport issued by the authorities of other state.
Address registration certificate (any document showing an address in relevant country: for example invoice copies of electricity, water, natural gas, bank statement such as pass book containing address etc.)
Birth certificate includes place and date of birth and parents names.
Document which completes date of birth obtained from the competent authorities of his country if the person’s date of birth does not have a month and a day.
Marital status certificate and marriage certificate if married; separation deed if divorced; spouse’s death certificate if widow.
Criminal record.
Biometric photo.
Note:
All of these documents, except biometric photo, must be approved/apostilled by the Ministry of Foreign Affairs (if another institution is authorized for approval of official documents by relevant authority) and then by the Turkish Consulate.COSTS AND EXPENSES:
PoA translation and notarization 300 USD Passport translation and notarization 50 USD Sworn translation and notarization fee for citizenship documents 250 USD Photo printing fee 10 USD Private Health Insurance for obtaining of residence permit 70 USD Single Entry Visa Fee 70 USD Residence Permit Application Fee 90 USD Residency ID Fee 10 USD Citizenship Application Service Fee 5 USD Citizenship ID Fee 10 USD Compulsary earthquake insurance fee 20 USD Passport Fee (3 years and above) 120 USD
*Per person costs for 2022.
ATTORNEY FEES:
For the OPTION (A) we charge a fixed rate of 5.000 USD (+18% VAT) for our advice and representation on TCBI application, this rate includes all work pertaining to property investment as well as citizenship cases for all family members within the same application but not included costs and expenses.
For the OPTION (B) we charge a fixed rate of 7.000 USD (+18% VAT) for our advice and representation on TCBI application, this rate includes all work pertaining to bank deposit as well as citizenship cases for all family members within the same application but not included costs and expenses.
We can start working with you immediately once after our Legal Services agreement is signed. Agreement will be sent if requested.