How to obtain Turkish passport by investment
Many investors want to obtain Turkish citizenship to enjoy its many advantages and are looking for different ways to achieve this. Fortunately, Turkish citizenship can be obtained by investing in many ways. After obtaining Turkish citizenship, they can hold the Turkish passport, which is one of the most powerful passports in the world. It occupies an advanced position in the world and allows entry to a large number of countries around the world without the need for a visa, and this is a golden opportunity for businessmen and investors who run businesses abroad and need to travel continuously.
And here the question remains, how can a person obtain a Turkish passport by investment? This is what we will learn next.
Ways to obtain a Turkish passport by investment:
-Buying real estate in Turkey:
Turkish citizenship and then the Turkish passport can be obtained through real estate investment in Turkey by buying property in Turkey for at least 250 thousand dollars, and it is possible to buy a group of real estate in Turkey with a total price of 250 thousand dollars and the The investor must keep these real estate without selling for at least 3 years, and it is necessary that the date of purchase of real estate be after the date of issuance of the amendments to the citizenship Law that were issued in 2018, as all real estate purchased before this amendment are subject to the old laws, and therefore the price of the property in turkey must be at least 1 million dollars so that he can apply for Turkish citizenship and Turkish passport.
-Buying government bonds:
The other way that investors resort to to obtain Turkish citizenship and Turkish passport is by purchasing bonds from the Turkish government for at least $ 500,000 and keeping them for 3 years without being sold, and later he can apply for Turkish citizenship.
-Opening a bank account in Turkish banks:
It is possible to obtain Turkish citizenship by investment and then obtain a Turkish passport by opening a bank account in a Turkish bank and depositing a sum of at least 500 thousand US dollars, and he cannot withdraw this amount for a period of 3 years if he wants to use it to obtain of Turkish citizenship.
-Establishing a company in Turkey:
There are many businessmen and investors who want to establish companies in Turkey and take them as a place to manage their business, and it has been found that doing this gives them a golden opportunity to obtain Turkish citizenship and Turkish passport by investment, and thus they achieve more than one goal at the same time, but of course there are conditions Specific, as it is necessary that the capital to open this company amount to at least 500 thousand dollars.
-Hiring Turkish workers:
Those wishing to obtain a Turkish passport by investment can achieve this by employing a number of Turkish workers within their company, and their number must reach 50 Turkish employees according to the new amendments, as previously the required number was 100 employees with Turkish citizenship.
Advantages of the Turkish passport through investment:
The Turkish passport has many features that encourage individuals to obtain it, and perhaps the most important feature is allowing entry to 77 countries around the world without the need to obtain a visa. It also allows entry to 26 countries of the Schengen area, and its holder is allowed to hold a second passport as the Turkish government allows Dual citizenship and does not object to the individual retaining his original citizenship.
Also, the duration of obtaining a Turkish passport is short, as it is delivered quickly within a short period of time. Of course, when you hold Turkish citizenship and a Turkish passport, you will be able to enjoy all the rights and duties of Turks, such as the right to vote, elections and many others.
On May 13, 2022, the Turkish government issued a decision to raise the amount of obtaining Turkish citizenship through the purchase of real estate to a value of 400,000 dollars instead of 250,000 dollars. The decision has been implemented starting in 12th June 2022.
The investor has the right to buy a real estate or several properties with the new amount of $400,000 in order to obtain citizenship, provided that the investor must keep the property for 3 years and he mustn’t sell the property he purchased for the purpose of citizenship before 3 years from the date of purchasing. For more information about the Turkish citizenship law and its conditions, click here.
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