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Türkiye Citizenship by Investment Program
The Türkiye Citizenship by Investment Program (previously named the Turkey Citizenship by Investment Program) was launched in January 2017 to attract foreign direct investment to and boost growth in the country’s real estate sector. The program allows applicants to choose from a number of different types of economic contributions to Turkish society, thereby developing the country’s economy.
With the city of Istanbul embracing Europe and Asia on the Bosphorus Strait, Türkiye is a transcontinental Eurasian country. Its location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance.
There are diverse and multiple investment options available for obtaining citizenship of Türkiye, here are some of the available investment options.
Purchase Property
The first Citizenship by Investment option requires you to invest a minimum US$400,000 real estate purchase. Moreover, you pay 1-8% VAT on a new property, while there is no VAT for resale. Stamp duty is 4%, divided between you, the buyer, and the seller (although in the resale market, you will bear the cost of the entire 4%). Additionally, you pay 2% of the 4% real estate commission, while the seller covers the remaining 2%. Furthermore, it’s worth noting that there is no Turkish government contribution amount. Additionally, you won’t need to worry about due diligence fees or administrative fees, except for minor negligible charges.
Make A Bank Deposit
Deposit in a Turkish bank account at least $500,000 or other foreign currency’s worth of Turkish lira.
Contribute to an Approved Public Benefit Project
The Presidency of the Republic of Türkiye Investment Option sets out the conditions. These are by “buying real estate investment fund shares or venture capital investment fund shares worth a minimum of USD 500,000 or equivalent foreign currency with the condition that they are not sold for at least three years, as attested by the Capital Markets Board of Türkiye”.
Benefits of Turkiye Investment
Apply for citizenship of the country that offers both rich Islamic culture and serene landscapes through our best immigration consultants.
Easy and Fast Processing
No Minimum stay Requirement
Lifetime Citizenship for Generations
Visa-free or visa-on-arrival access to over 110 destinations including Hong Kong, Japan, and Singapore
Step-by-Step Processing
It’s convenient when you have relevant immigration experts to provide the support, step-by-step. We at Visax exactly do that for our prestigious clients.
01
Initial Profile Screening
Consult with Visax and our relevant advisor will go through your profile, your personal and professional details, and background checks to ensure your eligibility for the process.
02
Submission & Review
We will submit your documents along with your application to the Citizenship Unit of the Country. Our Citizenship Advisor will be one call away for required facilitation at any point.
03
Application Approval
After Due Diligence, the government & citizenship by investment unit will give your application final approval. You will receive your application approval at your door step.
04
Granting Citizenship
After making the final payment, you will get a certificate of naturalization & your passports will arrive your home country within the given timeline by Visax.