How long does the Turkish citizenship application process take? Receive your Turkish passport 3 months later Now, the sale price of the real estate indicated in the official deed and a real estate value assessment report should be higher than $250,000 whereas the sale price of the real estate indicated in the official deed is not required to be higher than the amount stated in the real estate value assessment report. According to the decision taken with the regulation the said statement with the requirement the abandonment following the three years stated within the law, If the applicant’ cancellation requested by the applicant within 3 years from the date of the entry of the declaration, the MERNIS registry shall be checked to see if the applicant has obtained Turkish citizenship. Turkish Government is doing its best to reduce time. You can learn your convenience status for being a Turkish citizen with the condition of property investment or other investment types. Finally, we help and represent clients regarding the sale of their real estate in Turkey. The Spouse and children who are less than 18 years old will also be granted Turkish Citizenship. Article Published: 22 Apr, 2020, Updated: 22 Nov, 2020 under Immigration The government is working on expanding the application of citizenship in order to led up for foreigners to bring foreign currency investments to the country. The application shall be submitted to the approval of the Ministry after it is determined by the Ministry of Economy Directorate General of Incentive Implementation and Foreign Investment that the application fulfils the requirements. Turkish Citizenship by Investment Programme. The Turkish government reduces the amount of investment options in order to get Turkish nationality. ... For 2020 How Much is a Turkish Passport? We have experts who will help you throughout the process for completing all the legal procedure from property search to purchasing the property. Check whether the house is free of charges and/or rented out (if the property is a second-hand home). In line with the recent regulatory amendments, foreigners who satisfy at least one (1) of the below criteria will be granted citizenship subject to the approval of the Council of Ministers: We do perform legal services for property purchase and management for foreign clients. Ata Institutional Consultancy Next Level Loft Office  Kizilirmak Street 4/65-B Floor: 24 Cankaya / Ankara / TURKEY Telephone:  +90 (312) 424 15 75 Telephone:  444 7 284  (Turkey) E-mail:  info@expatguideturkey.com, Ata Institutional Consultancy İstiklal Street Number: 187 Floor: 4 Beyoğlu - İstanbul / TURKEY Telephone:  444 7 284  (Turkey) E-mail:  info@expatguideturkey.com, Turkish Citizenship by Property Investment, Turkish Citizenship by Fixed Capital Investment, Turkish Citizenship by Employing 50 Personnel, Turkish Citizenship by Purchasing Public Debt Instruments. The PoA can also be given to purchase a property on behalf of the client. 75% of our customers continue to use our other services. For regular short-term residence permit application process the waiting period for an appointment/interview date at many popular districts (such as Istanbul, Izmir, Ankara) is quite long (2 to 3 months). So, they can come see the property and give us PoA and can go back to their country in a couple of days. Here’s how you can apply for a Turkish citizenship through the investment program. Our services include legal preparation before buying a real estate. The whole citizenship procedure is completed within 4 months, Bank account opening only within 1 day, Completely filled in investment information formb. The values declared at the sale at Title Deed Office and appraisal values should be consistent with that value. Applying for Turkish citizenship by investment. CASH DEPOSIT: A cash deposit of no less than $500,000 (USD) with a Turkish bank, maintained for a period of no less than 3 years, can also qualify you for Turkish citizenship in 2019/2020. CAPITAL INVESTMENT: Subject to approval by the Ministry of Industry and Technology, a fixed capital investment of $500,000 (USD) can be used as the basis for applying for Turkish investment citizenship. Yes, your wife and children under 18 or your dependent children over 18 can apply with the main applicant for the Turkish Citizenship by investment in 2020. INVESTMENT OF CHINESE CITIZENS FOR TURKISH CITIZENSHIP 2019. Also, you can fill the contact form, our customer representatives will call you in a short time. OCT 08, 2020. on immovables acquired in this way is possible by establishing annals with the same limited rights and in case that the property’s owner change within the three year period without the agreement of the owner the General Directorate of Population and Citizenship shall be informed urgently. Some of our client give us PoA in their own country either at Turkish Embassy or local notary and apsotille. With the new regulation, it’s possible to become Turkish citizen by employing 50 personnel in your company. You must buy one or more real estate to achieve the 250,000 USD requirement. Find a property to purchase with a minimum value of USD 250,000 or its equivalent of the Turkish lira. First, tell us what kind of property you are seeking and we will make a comprehensive search to determine the best investment opportunities that match your criteria. Several regulations published in the Official Gazette No. following this amendment, on December 2018, Turkish government made new amendment which allows investors even invest on under construction real estate properties in order to get Turkey citizenship by investment. Yes, Turkey allows dual nationality, as long as your original country allows it. You can contact us via +90 (312) 424 15 75. Since its foundation in 1992, Legalixa Turkish Citizenship Lawyers has been the choice of numerous clients in Istanbul, Turkey. How to Qualify for the Turkish Citizenship by Investment Program Purchase a real estate asset with a minimum amount of $250.000 USD (or Turkish Lira equivalent) free of charges and encumbrances, and hold onto for at least 3 years In order to benefit from this arrangement and determine the amount which is indicated in the application for the slae of the immovable property, there should be prepared an immovable valuation report  which should be accepted by the Capital Market Board  in accordance with valuation standards by valuation expert who has a valid license . It will be observed that the valuation report refers to the year of transaction made. Turkish Citizenship Law’s Article 12 allows foreign investors to acquire Turkish citizenship in exceptional terms; with 18.09.2018 dated 106 numbered Presidential Decree, amendatory new arrangements have been made regarding the amounts mentioned in the Article 20 of the Regulation on the Implementation of the aforementioned Law. However, this is not a blockade that makes the amount cannot be withdrawn by the holder of the bank account. In order to apply for Turkish citizenship by investment, the processes of the Turkish Citizenship Investment Program (TCIP) application processes must first be completed. Immigration Law. Our lawyer will advise you of any potential pitfalls, recommend specific changes that would benefit you, discuss or negotiate these concerns and changes with the other party, and accompany you to the Title Deed Office to close the transaction. Turkish Citizenship by Investment 2020 Which date is taken into consideration to determine the exchange rate for the bank receipts presented to evidence payment? Our Turkish citizenship attorneys suggest you to review Turkish Citizenship Guide to get more information about Turkish Citizenship with Investment 2020. Formula 1 DHL Turkish Grand Prix 2020. Draft or review the offer, purchase contract. Address information: a residence address in Turkey is required during the online application. We offer services in English,Turkish,Arabic,Russian and Persian. No, there is no need for the applicant to reside in Turkey, the applicant should give us power of attorney to follow up procedures and filing citizenship application. In applications to be submitted in following years, fixed capital investments made within maximum 3 years before the application date shall be taken into consideration within the scope of the report)e. Proof that the direct foreign investment in the amount of 500.000 US Dollars are transferred to the equity capital of the company and submission of the related foreign deposit account receipt in the same Sworn-in Certified Public Accountant report. Our company provides the Turkish Citizenship process for you from purchasing stage of house to applying stage for citizenship legally. The whole citizenship procedure is completed within 4 months, Bank account opening only within 1 day, Our Turkish immigration. The total amount of the Turkish passport's fee for 2020 is below. All of the services provided by us is adressed for foreigners in Turkey and was developed by years of experience. If you choose the real estate option, it is better to travel to Turkey to view the property, but in theory do they need to be in Turkey for purchasing the property? In the first months of 2017, the Committee of Ministers took action when the prospect of an explosion in housing sales in the case of “recognition of citizenship for who purchase house”. Accompany you to the Title Deed Office in order to sign the purchase and sale deed. Your Turkish Citizenship will remain throughout your life and your children will be born as Turkish Citizens. (Buy the real estate for you, get the appraisal report, transfer the title to your name, give the statement at Title Deed Office, and file all documents for your application.). Turkish Citizenship by Investment Programme You can be a Turkish Citizen by purchasing a property in Turkey that is worth a minimum of $250,000. In case of the sale of one or more independent sections with the property ownership or construction servitude, the amount that paid in advance should be at least $250,000 or equivalent amount of foreign currency or Turkish Liras and also the transfer of sale price should also be realized after December 7, 2018 through banks as stated below. February 10, 2020. Turkish Citizenship By Investment Details in 2020 Find the complete guideline of Turkish citizenship rules and regulation in 2019 Turkish citizenship by investment had recent amendments in 19.09.2018 in law have further facilitated the process of acquiring a Turkish Citizenship; foreigners who fulfill any of the following investment opportunities can obtain it for both themselves and their families. New regime has brought the option to purchase real estate in installments provided that a real estate property should be purchased after September 19, 2018 and each installment should be made after September 19, 2018. Residence permit (no:6458/31-J) is granted to you, your spouse and your dependents. Expat Guide Turkey is a consultancy company offering umbrella services and services on immigration issues including work and residence permit, company formation and property management for foreigners in Turkey. For the applicants who are determined by the Administration to have applied with false or misleading documents, citizenship procedure shall be suspended and a notice shall be sent to the Ministry of Interior for denaturalization of the individuals who were given citizenship. The Turkish Citizenship application processes are provided by authorized consultancy firms. Our attorneys will help you to open a bank account. We will offer you various property options: we will report physical features, legal status, price and profitability ratio. 2 biometric photograph (50×60 mm, white background, machine readable, plain set by ICAO). Demand for Turkish passport has increased sharply during this period, and according to the Turkish Interior Ministry, in March, April and May 2020, an average of 1,333 investors managed to obtain Turkish Citizenship monthly. Costs are as follows: Residency permit $99, Citizenship $1000. Enclosed to the application form signed by the applicant; a. Birth certificate that shows personal information, or population register sample document and if married family registration certificate that proves the family bond between his/her spouse and children. Turkey’s citizenship by investment program has been one of the most popular schemes during the Corona Crisis. With the recent changes in the legislation Turkey started to grant citizenship to foreigners who invest in Turkey without a minimum residence requirement. Check whether the Real Estate Tax payments are in good standing. December 3, 2020 By Cass. Did you know that Turkish citizenship can be obtained through a $250,000 investment in real estate? Passport or ID card that shows his/her nationality. More recently, one of the exceptional cases based on purchasing a real estate with a minimum value of $250,000.- (Two Hundred Fifty Thousand US Dollars) was amended by the Presidential Decree No. Turkish law does not recognize same-sex marriages, polygamy and other types of partnerships. Citizenship by investment provides a direct route to legally acquiring citizenship via an investment or contribution to the economy of a nation. As of May 2020, investors have a number of investment options to qualify for the Turkish CIP: A $250,000 investment in property, with the value appraised and confirmed by a licensed professional, and recognised by the Turkish Government. Working with a lawyer would give you the chance to make an informed decision about Turkish citizenship by investment, to make a legally safe investment and to acquire Turkish citizenship in a reasonable time period without undue delay. December 3, 2020 By Cass. Turkish Citizenship by Investment in 2020 There are several ways for a foreigner to get Turkish nationality in order to be a citizen of Turkey and to use its benefits. For more info about rentals, sales and set ups visit Turkey grants Citizenship to foreign on bases of investment in 2 ways. It’s not required that such amount should be deposited to only one single bank that operates in Turkey. Turkey offers one of the best “citizenship by investment” programs to provide a safe haven for your family. The foreign currency amounts of the installments shall be determined based on the currency exchange rate of the Turkish Central Bank at the date of transactions regarding purchasing a real estate. You can have a Turkish passport after 3 months. Assistance for opening a bank account in Turkey. Service charge receipt from finance cashier desk. If the amount of the immovable valuation report based on the sales transactions under this instruction is lower than the value of the real estate tax determined for the municipal acquisition year according to the provisions of the Real Estate Tax Law No. Selling 16500 houses to foreigner in the first months of 2016 took up time of the real estate market especially. Within the scope of the Regulation, how were the boundaries of being a Turkish citizen for foreigner who purchase houses? We can assist you to obtain a private health insurance policy as well and the costs are between $150.- to $400.- including taxes and expenses depending on your age, health etc. Over the years many foreign companies doing business in Turkey and thousands of foreign employees working for them are benefiting from our services. 02 Jun 2020. Prepare documents to be signed by the Client. If such record is not registered during the purchase transactions, the owner of such real estate shall request to register an annotation of no-sale for at least three years at the relevant title registry. In the event that the foreign investor is a shareholder of the company, which makes the investment, at a certain rate; it is required that the amount to be obtained by multiplying the rate which corresponds to the share of the individual in the company that makes the investment with the total investment amount is minimum 500.000 US Dollars.b. Our clients are mostly interested in Turkish Citizenship by investment programme due to fact of flexibility of the investment and amount of it, moreover opportunities it brings to relocate to USA and UK potentially, via different immigration routes by being Turkish … If you desire, the family of the main applicant can apply after the main applicant becomes a Turkish citizen in 2020. Based on the value in the immovable valuation report that shows the market value, the value of immovable/immovables in US dollars is calculated on the effective selling rate of the Central Bank of Turkey at the date of transcation. In the event that a currency other than the U.S. Dollar is deposited in the banks, the U.S. Dollar equivalent at the date of the opening of the account shall be determined and the deposited amount shall be expected to remain in the banks at the same rate determined for three years. The real estate should not be registered on behalf of the company where the foreigner is the partner or manager. Turkish Citizenship by Investment 2020 Kindly don't lose this chance while the investment amounts are still low to become a Turkish citizen. Required documents are listed below in order to open a bank account in Turkey: Receipt of conformity certification for the investment type: A foreigner who applies for Turkish citizenship by way of investment should first obtain short term (temporary) residence permit. But if your original country allows dual citizenship, you can have dual citizenship. Besides the real estate consultancy included in our service costs, we will also provide services regarding setting up electricity, water, telephone and cable TV in a property that you are going to purchase, assist you through enrollment of your children into schools in Turkey, registering your company in Turkey and opening bank account. Our services include preparation, legal help and representation regarding the sale or purchase of a real estate property in Turkey. Obtaining conformity certificate from Banking Regulation and Supervision Agency for depositing a minimum of $500.000 or equivalent foreign currency or equivalent amount of Turkish Lira to banks that operate in Turkey [prior to the amendment such amount was $3,000,000] with the condition to keep such deposit in the relevant bank for at least three years. The investment is to be held for a minimum period of 3 years. The Advantages of Turkish Citizenship by Investment 2020 No minimum stay requirement. We know the problems of foreigners living in Turkey and we are the first to help you to avoid those concerns. March 3, 2020 Christian Henrik Nesheim Comments Off on Citizenship Investors Now Raise $250m a Month for Turkey, According to Ministry of Interior Application data for Turkey’s citizenship by investment program, as reported by the government, defy belief; nearly 25,000 new citizens in 17 months. No, we suggest foreigners seeking Turkish citizenship by investment to work with a law firm from the beginning. So far we provided services for almost half of all foreigners who came to Turkey for education, work, treatment, trade and establishment of their own businness. When the regulation was first implemented, the Ministry of Environment and Urbanization wanted the annotation to be sold for three years at the time of the purchase of the real estate. Turkish citizenship by investment – Capital Investment. Please also note that in such three-year period, a foreigner may benefit from the interest, dividend and similar returns arising from the deposited amount pursuant to executed contracts with banks and type of the bank account provided that the deposited amount shall not fall below the amount of $500.000. 106 entered into force on September 19, 2018, the amounts of investment required for acquiring Turkish citizenship applications are lowered. If you give us power of attorney, we can follow up with the complete process. No matter what your current nationality is, you can become Turkish and enjoy the ability to live, work, and go to school in Turkey. Later on, the Turkish Government has significantly eased in minimum investment requirements from September 2018. Marital status document and if married marriage certificate, if divorced divorce certificate, if widow/widower death certificate. The Council of Ministers has adopted a decision published at the Official Gazette dated January 12, 2017. In case of immovable’s handover without tenant’s consent for various reasons, this issue should be reported to General Directorate of Civil Registration and Nationality urgently. Find out more about the benefits of acquiring a Turkey passport, or contact us now for a free consultation. INDIVIDUAL & FAMILY VISAS. In case of the real estate being mortgaged or purchased as mortgaged, mortgage cost shall be deducted from the value of the real estate in order to determine the real value of the real estate. Nowadays, there is huge demand for Turkish citizenship via the route of the USD 250,000 property investment law. We have recently organized seminars on obtaining Turkish Citizenship by Investment in Pakistan jointly together with Saad Ahsan law firm (February 2020) Our CEO, Mr. Güvenç Ketenci recently attended the UGlobal Conference held in Dubai back in February 2020 and shared his views on Turkish Citizenship by Investment program as one of the panelists on US E2 Investor Visa Seminar. February 20, 2020 0 Easy Turkish Citizenship Citizenship by Investment About Turkey 2020: Turkey, with its growing population of 82 million people, is always a popular destination for leisure and business purposes. The only restriction is you cannot sell for three years. With the condition to have the same date and the same journal number, If more than one immovable is requested for the same person with a value equal or exceeding stated in the related article, the statement of each immovable shall be made within the scope of “Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law There is a commitment not to be sold within three years from the date of acquisition”. Also, employing 50 personnel is determined as a criteria for applying for Turkish citizenship with the new regulation. ATA Institutional Consultancy will carry out all the legal procedure (transfer procedure) to ensure that purchase is completed flawlessly. new reduced amount update: regarding the financial amounts for turkish citizen through investment has been reduced.with decision # 106 published in the official gazette some regulations on the transition of foreigners to turkish citizenship have been changed. We will also provide services to rent your property in Turkey. Our Turkish citizenship attorneys are ready to assist you to file for Citizenship by Investment Programs.Our Turkish citizenship lawyers represent our clients from application until they get their Turkish Passport. Citizenship By Investment in Turkey 2020. If it is needed, we can file a law suit to evict the tenant. Registering your property with local Municipality to pay annual Environmental and Garbage Collection Tax. Document showing a residence address in foreigner’s home country (such as phone, electricity, gas bill), Turkish tax number (we can obtain tax number for you). After the purchase of an immovable property of 250,000$, an expiration date of three years cannot be placed on the land registry records. Legalixa Law Firm is a full service Turkish Immigration Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Turkish Citizenship by Investment Program was firstly launched in early 2017 to attract foreign investors to boost the country’s economy in the real estate sector. a. Best Corporate Custom Tote Bags Gifting Ideas For The Holiday Season. The Turkish citizenship by investment program is one the absolute easiest ways to obtain a second passport out there, with even easier rules. For almost nine years, we have been first choice on arrival to Turkey for thousands of customers. We are willing to be your fellow throughout the citizenship process with our experienced lawyers and advisors. Additionally, we have extensive experience on resident permit and immigration & citizenship services for foreign citizens. Normally, in order to make a short-term residence permit application, the foreigner should enter Turkey with a valid visa, or by benefiting from a visa exemption. Ever since January 2017, you can basically buy your way to Turkish citizenship. Banks will not request information regarding source of the funds from its clients. Within the scope of Article 20 of the Regulation on Implementation of the Turkish Citizenship Law states that this immovable / immovables property will not be sold for a period of 3 years for purpose of acquisiton of Turkish citizenship; Within the scope of the 20th Article of the Regulation on the Implementation of the Turkish Citizenship Law”  is stated that within 3 years is declared that it will not be sold for 3 years from the date of acquisition”. Turkish Citizenship with Investment 2020. TL. Turkey Citizenship by Investment program of 2020 In Turkey, there is no Turkey citizenship by investment official website to take citizenship applications. 1319, the title fee shall be collected on this value. Thanks to its nationally recognized immigration law practice, our firm is now one of the leading Turkish citizenship law firms in Istanbul, Turkey. 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