Exploring the Path to Turkish Citizenship by Investment
Have you ever wondered about the process of obtaining Turkish citizenship through investment? The Turkish Citizenship by Investment Program is a popular pathway for foreign investors looking to acquire Turkish citizenship. Below, we answer some of the most frequently asked questions about this process.
1. How Long Does It Take to Acquire Turkish Citizenship?
The process typically takes around 3-4 months after completing the investment. Within just a week, you can receive your new Turkish passports and ID cards.
2. Are There Approved Properties for Turkish Citizenship?
Yes! You can find many approved properties. Our real estate team collaborates with reputable developers to offer luxurious properties that meet the criteria for citizenship.
3. Can I Invest in Multiple Properties for Turkish Citizenship?
Yes, you can invest in multiple properties as long as the total investment exceeds USD 400,000.
4. What Are the Eligibility Criteria for Properties?
The property must meet specific criteria. It should have a verified expert valuation report, building license, and a clear title deed without any restrictions.
5. Will Turkish Citizenship Expire?
No, once you acquire Turkish citizenship, it remains valid for life and extends to your descendants.
6. Can I Change My Name After Citizenship?
Yes, you can change your name before submitting the citizenship application.
7. Do I Need to Reside in Turkey During the Application Process?
No, there is no residency requirement for the application process or after obtaining Turkish citizenship.
8. How Many Times Do I Need to Travel to Turkey During the Application Process?
You will need to visit Turkey once for the procedures and again after obtaining citizenship to submit your fingerprints.
9. Can I Include My Family in the Citizenship Application?
Yes, the main applicant can apply for their spouse and children under 18 years old. However, children over 18 and parents must submit separate applications.
10. Do My Children Born After Citizenship Automatically Become Turkish Citizens?
Yes, any future children born to a Turkish citizen will automatically acquire Turkish citizenship.
11. Is There a Language Requirement for Turkish Citizenship?
No, you do not need to meet any language requirements to apply for Turkish citizenship.
12. What Are the Tax Liabilities in Turkey?
If you do not reside in Turkey for more than 6 months, the government will not tax your income earned abroad. However, if you earn income in Turkey, such as rental gains from investment property, you will need to pay taxes.
13. Do I Need to Serve in the Turkish Military?
If you are over 22 years old and obtain Turkish citizenship, you will not need to serve in the Turkish military.
14. Can I Maintain My Existing Citizenship(s) While Becoming a Turkish Citizen?
Yes, Turkey allows dual or multiple citizenships, so you can retain your original citizenship while acquiring Turkish citizenship.
15. What Is the Property Tax Rate in Turkey?
When buying or selling property in Turkey, you will need to pay a property purchase tax of 4% of the sales price to the Turkish tax authorities. This tax is usually divided 2% for the buyer and 2% for the seller.
Conclusion:
If you’re considering the Turkish Citizenship by Investment program, it offers a straightforward route with multiple investment options and many benefits, such as dual citizenship and the chance to pass citizenship to your children. Understanding these frequently asked questions will help you navigate the process and make informed decisions. Start your journey to Turkish citizenship today!
