The Turkish Citizenship by investment program is a fairly new way to gain citizenship in Turkey. The program was started in 2017 in order to appeal to foreign investors and exponentially increase the growth of Turkey’s real estate sector. This program is mutually beneficial for both; the applicant and the country, because it grants the applicant Turkish Citizenship while boosting the country’s economic growth.

Candidates can choose from several types of economic contributions to help grow Turkey’s economy. Contact an immigration consultant like Lalani Associates to gain a better understanding of the types of contributions available, so you can select the most suitable one for you.

Eligibility for Turkish Citizenship by Investment:

This program provides you with the opportunity to gain citizenship within three months, through investments of value greater than $250,000. You are under no obligation to declare your assets or generated income in other countries in order to be eligible. You are also not required to be physically present during the process. The only criterion is that you have a high Return on Investment potential, in any one of the three categories below:

1 A property investment of $250,000 or higher: This can be either a residential or a commercial property, and can be leased or sold after three years. You can also split this investment into the acquisition of several properties. For assistance on completing this process in a secure way, get in touch with the visa consultants at Lalani & Associates.

2 A cash investment of $500,000 or higher: You can deposit $500,000 in a Turkish bank for a minimum period of 3 years. This fixed-asset investment has to be approved by the Ministry of Industry and Technology.

3 Setting up a company: You also have the option of setting up a company that creates job for at least 50 Turkish nationals. This has to be verified by the Ministry of Industry and Technology.

4 Capital investment of $500,000 or more: You need to attach the following documents to your B1 visa application:

Documents Required for Turkish Citizenship by Investment:

You will require the following documents to ensure all the requirements are met:

i. A valid passport

ii. Birth certificates and 4 passport-size photographs of each member of your family

iii. Marriage certificate, if applicable

iv. A residence permit or a valid tourist visa registered with your passport

v. A verification document for proof of completion of your investment

vi. Your application tax payment receipt

vii. Addresses of relatives living in Turkey along with a copy of their Turkish ID, if applicable

Completion of investment and processing time:

All candidates will be required to open a Turkish bank account and complete their investment before completing their citizenship application. Applicants are advised to have a valid residence permit while submitting their application and can continue to live abroad. Upon receiving a residence permit, the investor can apply for citizenship. Applications can take up to 90 days to be processed, after which they will receive a Turkish passport.

Why do you need an immigration consultant?

An experienced immigration consultant like Lalani and Associates can effectively guide you in choosing the most suitable type of investment, collection of required documents and in your application for a residence permit. Contact the best immigration consultants in Lahore and Karachi today, so we can help you successfully apply for Turkish Citizenship.