Turkey

Introducing

Turkey

A transcontinental country strategically geo-positioned and bordered by three seas. Turkish beauty possesses fascinating city bazaars, elegant Islamic headstones, along with well-known chain stores and shopping Malls.

Although Ankara is the capital of Turkey, Istanbul is Turkey’s largest leading global city and main commercial and cultural center. Turkey facilitates connectivity with key markets via excellent transport links that make it a popular tourist destination. Located and bordered by three seas linking both the European and Asian markets, it is a fusion of cultures with imperial residences, frenzied markets, towering mosques, and lively art and musical entertainment scene.

Turkey is popular for business and leisure. Over decades, Turkey’s performance has increased income and employment and brought macroeconomic stability. The Turkish economy is the world’s 13th largest GDP by PPP and ranked 17th largest nominal GDP. ​Investors have choices from a range of dynamic sectors like tourism, automobiles, shipbuilding, electronics, banking, construction, textiles, oil refining, food, and mining.

Country

Overview

  • Continent: Europe & Asia
  • Capital: Ankara
  • Official Language: Turkish
  • Population: 80.81 million
  • Total Area: 783,562
  • GDP: 851.1 billion USD
  • Visa-Free Countries: 121+
  • Passport Rank: 38th
  • Currency: Turkish Lira
Turkey Requirements

The key requirements of Citizenship-by-Investment are:

Introduced in 2018, by the government, The Turkey Citizenship by Investment Program allowed applicants to choose from different programs, leading investors to contribute to the country’s economy. Turkish Citizenship-by-Investment program offers an effortless and easy application process where applicants can be benefited through rental income and may resell the property if required. Investors can equip lifelong citizens, through foreign direct investment and boost growth. An applicant must qualify one of the following investment requirements to obtain Turkish citizenship:

  • Applicant must acquire real estate worth at least USD 250,000

  • A minimum of USD 500,000 fixed capital investment.

  • Bank Deposit of minimum USD 500,000 or equivalent foreign currency or Turkish currency lira into a Turkish bank account.

  • Contribution into Govt bonds of USD 500,000 or equivalent foreign currency/Turkish lira.

  • Acquiring Citizenship Through Investment In Real Estate of at least USD 500,000 or equivalent foreign currency or Turkish lira as an investment or capital venture.

Turkey Citizenship Advantages

  • Visa-free access to 110+ destinations including Japan, Hong Kong, and Singapore.
  • Full citizenship is granted for a lifetime to the applicant including family members and extended to future generations.
  • Easy relocation to the USA through E-2 Investor Visa for a five-year renewable period.
  • No need to renounce current citizenship.
  • No minimum residency or visitation is required during the application process, entitled to apply instantly.
  • No need for an interview, education, or management experience
  • Free education and healthcare facility.

Eligibility Criteria

  • A minimum of 18 years attainment of age
  • No prior illegal entry
  • Should be healthy
  • No past criminal record
  • Confirmed source of investment

Process of Application with Ad Astra

Step 1 - Choose an Investment Option

Ad Astra pre-screens your passport copy for government pre-approval. To open your application, a down payment of the professional fees is required. After the payment, you will be notified of the response within 24-48 hours.

Step 2 - Documentation

Ad Astra’s professional team will assist you with the documents required with respect to the Government checklist.

Step 3 - Property Purchase & Transfer

Ad Astra will guide you through top-quality properties from reliable developers that match your criteria. Once you make a choice, the purchase and transfer procedure of the property will commence.

Step 4 - Property Evaluation

Ad Astra will help you choose a licensed Capital Markets Board of Turkey valuation expert and get your chosen property evaluated. The property must be registered in the applicant’s name annotating the promise to not sell the property for at least the first three years.

Step 5 - Required Permits

After the valuation and purchase, the Ministry of Environment and Urban Affairs will confirm the value of your investment in both the registry and valuation exceeding $250,000 before the application completion. A residence permit needs to be taken from the specific Directorate General of Immigration Authority.

Step 6 - Application Evaluation in Istanbul

Ad Astra will complete and check your application file and send them for an official checking to İstanbul via mail. After your files are complete, the application evaluation process will be initiated by the Directorate of the Civil Registry of the city where the residence permit is taken.

Step 7 - Background Check

The application file will be forwarded to the National Intelligence Agency of Turkey by the General Directorate of Civil Registry to conduct a security background check. If the National agency confirms no threat and finds the application secure, the Ministry of Interior will validate the application and direct it to the Presidency of Turkey.

Step 8 - Granting Turkey Citizenship

After the final official confirmation from the Ministry of Interior, the Presidency of Turkey will grant Turkish citizenship to the applicant. The Turkish citizenship granted by the Presidency to the applicant will be published on the Official Gazette and go into operation.

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    Turkish Citizenship-By-Investment Act

    Article 20 of the Turkish Nationality Law (“Regulation”) guarantees the implementation of the exceptional case, under which Turkish nationality is obtained which was amended by Presidential Decree No. 106 published in the Official Gazette and came into force on 19 September 2018.

    To obtain Turkish Citizenship, a prerequisite to Article 20 of the Regulation has also been introduced. Consequently, if Capital Market Board determines that a foreigner has purchased a share of real estate investment fund or adventure capital fund with a minimal requested value of foreign currency or original Turkish Lira on condition that the share would behold by the foreigner for at least three years, Turkish citizenship can be obtained upon a Presidential decree.