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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. Our Turkish citizenship lawyers are ready to help you with your Turkish passport application with investment.
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.
How to Get a Turkish Passport Application by Investment?
Turkish Citizenship by Property
Recently, one of the exceptional ways based on purchasing real estate with a minimum value of $250,000 increased to $400,000. According to new regulations, foreigners can file the Turkish passport application, 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, amendatory new arrangements have been made regarding the amounts mentioned in Article 20 of the Regulation on the Implementation of the aforementioned Law.
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.
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 for the Turkish passport application. 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.
Legal Grounds for Turkish Passport Application by Investment
- 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 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 a Turkish passport application 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 the Turkish Passport Application
Since its foundation in 1992, Legalixa Turkish Citizenship Lawyers has been the choice of numerous clients in Istanbul, Turkey. Thanks to its nationally recognized immigration law practice, our firm is now one of the leading Turkish citizenship law firms in Istanbul, Turkey.