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Legalixa is an award-winning immigration law firm in Istanbul, Turkey with an exceptional success rate in almost every legal matter we have ever handled. There are only 6 Ways to Invest for Turkish Citizenship and our team is prepared to assist you to apply for Turkish citizenship in each way.
Our Turkish citizenship lawyers represent our clients from the application at Istanbul Immigration Office until they get their Turkish Passport. Our Turkish immigration lawyers also represent our clients in other immigration law issues including; extending resident and work permits, applying for Turkish citizenship, and filing a lawsuit to cancel any objections.
6 Ways to Invest for Turkish Citizenship
Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens. According to new regulations, foreigners can become Turkish citizens, if they own property worth 400,000 US Dollars for three years.
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, mandatory new arrangements have been made regarding the amounts mentioned in Article 20 of the Regulation on the Implementation of the aforementioned Law.
Within this scope, the foreign investors;
- Purchase of a real estate property in Turkey with a minimum value of $400,000,
- A fixed capital investment of a minimum of $500,000 in a Turkish corporate entity
- Generate employment for at least 50 individuals in Turkey
- Deposit a minimum of $500,000 to banks that operate in Turkey
- Purchase a minimum of $500,000 public borrowing vehicles from Turkey
- Purchase a minimum of $500,000 of Turkish real estate participation fund shares
Turkish Citizenship with Investment Services
Turkish Citizenship by Property
Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens. According to new regulations, foreigners can become Turkish citizens, if they own property worth 400,000 US Dollars for three years.
Recently, one of the exceptional ways based on purchasing real estate with a minimum value of $250,000 increased to $400,000.
Turkish Citizenship by Property Services
We do perform legal services for property purchase and management for foreign clients. Our services include preparation, legal help, and representation regarding the sale or purchase of a real estate property in Turkey.
An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. 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.
All Details About Turkish Citizenship by Bank Deposit
Our Turkish citizenship lawyers perform legal services for making an investment and getting a conformity certificate for the investment to apply for Turkish citizenship by bank deposit. Once the investment step is completed, we will apply for residency for the main applicant. After that, we will prepare a Turkish citizenship file for the main applicant and his/her spouse and kids.
Generally, it takes 3 to 4 months to get a citizenship application accepted. We did not have any refusals so far. We got our last application accepted in 75 days. Once your application is accepted, you can apply for a Turkish ID card and passport and get your fingerprints at the Turkish Embassy in your country, you don’t have to come to Turkey at all.
However, if you like to come and get it done in Istanbul one of our English-speaking lawyers will help you to get fingerprints and apply for a Turkish ID card and passport. Turkish passport and ID card will be mailed to our office address.
Turkish Citizenship by Bank Deposit
The second most common way to apply for Turkish citizenship by investment is to deposit 500,000 USD in a Turkish bank account. Our Turkish citizenship lawyers will assist you to open a bank account in your presence. We generally open bank accounts with a Power of Attorney (PoA) given to us by our clients. Some of our clients give us PoA in their own country either at the Turkish Embassy or local notary and apostille.
A PoA can be given in a way called double legalization in some countries like China. In this way, a PoA is prepared by a local notary and attested by the Foreign Ministry of that country and after that, it is attested by the Turkish Embassy.
Once your funds are transferred into your Turkish bank account or you can deposit money in cash as well. Your money must be converted to Turkish Lira (TL) and can be invested in TL interest-bearing accounts or Turkish Government Bonds for 3 years.
It used to be possible to keep your investment in foreign currency but it was changed recently. Please review the Presidential Decree showing the change. We assist you to open a newly introduced bank account called “Yuvam” and you can get dollar protection plus a %8 yield on your investment for 2 years.
In order to be eligible for Turkish citizenship by investment, one must invest at least 500.000 US Dollars converted into Turkish Lira and make a commitment to hold the funds for three years at banks operating in Turkey.
Reach us for 6 Ways to Invest for Turkish Citizenship
Since its foundation in 1992, Legalixa Immigration Law Firm has been the choice of numerous clients in Istanbul, Turkey. Thanks to its nationally recognized real estate practice, our firm is now one of the leading Turkish citizenship law firms in Istanbul, Turkey.
You may reach us for 6 Ways to Invest for Turkish Citizenship by sending an email or through the Contact page.
