Turkey Exceptional Acquisition of Citizenship
Citizenship | Access to Hong Kong, Japan, Singapore and Qatar
On the proposal of the Ministry, a foreigner may acquire Turkish citizenship by the decision of the Council of Ministers.
Turkey is located in Asia Minor, at the south-eastern gate of Europe, with a population of 80 million. Its capital is Ankara, and the official language spoken is Turkish. Turkey uses the Turkish lira as its currency.
The Republic of Turkey is a member of NATO and one of the wealthiest economies of the Middle East. Turkey has the world’s 13th largest GDP by purchasing power parity (PPP), with a diverse economy and a strong manufacturing industry and shipping industry.
Istanbul is the largest city in Turkey and has more than 15 million inhabitants. Istanbul is a vibrant and cosmopolitan city with a strong economy. The Ataturk Istanbul Airport is one of the world’s busiest. Turkey has emerged in the last decade as one of the countries with the most touristic arrivals.
The Turkish Citizenship program – known as the Turkey Exceptional Acquisition of Citizenship – provides applicants with the citizenship and passport of Turkey. Turkey is one of the EU’s main partners in the Middle East, and a US treaty country, meaning that Turkish citizens may apply for an E2 green card.
Turkish citizenship grants visa-free travel to 111 countries including Hong Kong, Japan, Singapore, Qatar and much of the Caribbean. Turkey needs to meet a few more benchmarks before being granted visa-free travel in the Schengen Area.
Turkey’s tax on local income is capped at 35% and there is no tax on capital gains on dividends on locally traded shares.
To apply for citizenship through the Turkey Citizenship by Investment program one of the following commitments is required:
Purchase an immovable property of at least USD 250,000; or
Invest at least USD 500,000 at banks operating in Turkey; or
Purchase public borrowing instruments of at least USD 500,000; or
Employ at least 50 employees; or
Purchase a real estate investment fund participation share or venture capital investment fund participation in the amount of at least USD 500,000; or
Purchase a venture capital investment fund participation amount of at least USD 500,000; orMake a fixed capital investment of at least USD 500,000 for which certificate of conformity is issued by the Ministry of Industry and Technology;
Investments are required to be held for at least 3 years. Further to this, the amount of government-related administrative fees is approximately TRY 15 per person.
This means that the total capital outlay for a single applicant would amount to approximately USD 250,000 excluding any service providers’ professional fees and any other fees not mentioned herein.
The CIVIQUO™ process starts by filling in our qualification questionnaire. The questionnaire is a simple online form which helps us to gather all your requirements, whilst ensuring that the essential criteria are met.
2. Receive Quotes
Our team will use the information you provide to find the best quotes in the market for you. Our growing international network of immigration professionals, means that we can provide the best quotes in the market, for any residency or citizenship programme, anywhere in the world.
We will send you the quotes and once you have identified a quote which best suits your needs, our team will reconfirm expectations on both sides, a client agreement is signed, and a deposit payment is made.
4. Application Process
Your chosen service provider, will work with you to start compiling the application. Our concierge-style support will ensure that the process of compiling the application is as smooth as possible.
Once an application has been submitted, the government authorities review the application and communicate the outcome. This period of time varies depending upon the programme, but it may be used to further explore what opportunities will become available once residency or citizenship are attained.
6. Renewal & Support
Some residency and citizenship programmes require compliance monitoring, and/or renewals, and together with our service providers, we will make sure that any renewals, or other interventions are done on time, and accurately. Even after this, the CIVIQUO™ team remains at your service.