The residence permits granted within the scope of subparagraph (j) the Article 31, can be issued up to five (5) years (but generally applied and granted for 1 year, the term is dependent on the validity term of the passport and the health insurance policy term obtained) and the residence permit cards are mailed to the residence address of the foreigner in Turkey within 2-4 weeks. 75% of our customers continue to use our other services. Many developments have been recorded since January 2017 regarding the acquiring of foreigners to Turkish citizenship. Process Client stamp duty tax on your behalf. The Turkish citizenship by investment program is one the absolute easiest ways to obtain a second passport out there, with even easier rules. 土耳其移民律师事务所 2020 For regular short-term residence permit application process the waiting period for an appointment/interview date at many popular districts (such as Istanbul, Izmir, Ankara) is quite long (2 to 3 months). Title deed applications at Property Register Office after 20.09.2018 may obtain Turkish citizenship by a real estate investment of 250,000 USD. Our lawyer will advise you of any potential pitfalls, recommend specific changes that would benefit you, discuss or negotiate these concerns and changes with the other party, and accompany you to the Title Deed Office to close the transaction. In line with the further amendments made by The President Decision No. Update: As of 29.01.2020, by reason of public pressure in Turkey, the increasing minimum amount of Turkish Citizenship by real estate program from 250.000 USD to 500.000 USD became the main topic of conversation and the issue was being discussed in the Grand National Assembly of Turkey. Turkish citizenship by investment – Capital Investment. Please also note that workplace addresses cannot be declared as residence addresses. We have filed several citizenship applications with property purchase and many for bank deposit. We also perform services for property purchase in Turkey for foreign clients. The foreign currency amounts of the installments shall be determined based on the currency exchange rate of the Turkish Central Bank at the date of transactions regarding purchasing a real estate. Therefore, potential alterations on exchange rates shall not be considered. Turkey Investment Citizenship Program is exclusive to successful investors, purchase your citizenship and a second passport today! Foreigners should deposit a minimum of $500,000 or equivalent amount in foreign currency or Turkish Liras to banks that operate in Turkey with the condition to keep such deposit at such bank for at least three years. The whole citizenship procedure is completed within 4 months, Bank account opening only within 1 day, To make sure if the tenant is paying rent on time. However, in case of shifting the amount to another investment type, such process should be instantaneous and there should not be any interruption for three years period. In accordance with the “Regulation on Making Amendments in the Regulation on the Implementation of Turkish Citizenship Law” which is effective as of being published on the Official Gazette dated 12 January 2017 and No 29946; it has been decided that Turkish Citizenship can be granted to the persons, whom are determined by Ministry of Economy to have made fixed capital investment in the amount of 500.000 US Dollars, upon the suggestion of the Ministry of Interior and with the Cabinet Decision. The new citizenship scheme grants residency and Turkish citizenship to applicants who invest in real estate or bank deposit. Turkey offers one of the best “citizenship by investment” programs to provide a safe haven for your family. For application submitted with incomplete information and documents; applications, which fails to complete the incomplete information and documents within 1 month following the written notification to the applicant, shall be rejected without further notice. If the tenant is not paying rent on time, we will send him/her a warning letter. Foreigner shall also apply for Turkish citizenship based on a joint account (with his/her spouse or any other person) provided that joint account holder(s) other than the applicant has an express consent that they keep such deposit at bank for at least three years. In applications to be submitted in following years, fixed capital investments made within maximum 3 years before the application date shall be taken into consideration within the scope of the report)e. Proof that the direct foreign investment in the amount of 500.000 US Dollars are transferred to the equity capital of the company and submission of the related foreign deposit account receipt in the same Sworn-in Certified Public Accountant report. December 2, 2020 By Cass We have in depth information regarding how to prepare legal documents in each country. But if your original country allows dual citizenship, you can have dual citizenship. Turkish Citizenship by Investment Programme. No need to live and stay in Turkey during the application procedure, We can finalize each and every step of the client and the family only by Power of Attorney. When the regulation was first implemented, the Ministry of Environment and Urbanization wanted the annotation to be sold for three years at the time of the purchase of the real estate. Turkish Government is doing its best to reduce time. A hotel address declaration may be enough at initial application however, foreigner may also submit his/her notarized lease agreement (if any) or the address of the real estate purchased for residence purposes. Time condition for all investments is 3 years. Turkish Citizenship by Investment 2020 Kindly don't lose this chance while the investment amounts are still low to become a Turkish citizen. Our Turkish citizenship lawyers represent our clients from application at Istanbul Immigration Office until they get their Turkish Passport. Accompany you to the Title Deed Office in order to sign the purchase and sale deed. “Within the 20th Article of the Regulation on the Implementation of the Turkish Citizenship Law, there is a commitment not to be sold within three years from the date of acquisition”. Particular purpose report from a certified public accountant (CPA) shall be required for making a fixed capital investment of a minimum $500,000. Our services include legal preparation before buying a real estate. Looking to obtain Turkish citizenship by investment from Nigeria? Turkey’s citizenship by investment program has been one of the most popular schemes during the Corona Crisis. In the first months of 2017, the Committee of Ministers took action when the prospect of an explosion in housing sales in the case of “recognition of citizenship for who purchase house”. You can reach your customer representative 7/24 in case of emergency. 0. The amount should be convertible and should be equivalent to $500,000. December 3, 2020. Review the information provided by the developer (if the property is off-plan). Required documents for these steps are summarized below: Opening a bank account within Turkey in order to handle bank transfer for the investment type. REGISTER NOW. With the new regulation, it’s possible to become Turkish citizen by purchasing public debt instruments with the condition of not selling for three years. CAPITAL INVESTMENT: Subject to approval by the Ministry of Industry and Technology, a fixed capital investment of $500,000 (USD) can be used as the basis for applying for Turkish investment citizenship. Give procedures to us, focus on your work. Check the local Municipality whether the Developer has all necessary licenses. The amendments of the Regulation dated 12.01.2017 and the effective date of this instruciton, in case if more than one immovable is acquired by the same person, the sum of which corresponds to a price stated in the relevant article or above, the value calculated in accordance with the effective sales price of each immovable on the sale date shall be taken as basis. December 3, 2020 By Cass. So a spouse should be a person of opposite sex and the couple should be legally married. When calculating for the fixed capital expenses for the applications to be submitted in following years, the expenses made in the last maximum 3 years shall be taken into consideration.d. We work on Citizenship by Investment Program of Turkey since 2014 as a well-known and trustworthy legal and investment advisor. Ata Institutional Consultancy Next Level Loft Office Kizilirmak Street 4/65-B Floor: 24 Cankaya / Ankara / TURKEY Telephone: +90 (312) 424 15 75 Telephone: 444 7 284 (Turkey) E-mail: info@expatguideturkey.com, Ata Institutional Consultancy İstiklal Street Number: 187 Floor: 4 Beyoğlu - İstanbul / TURKEY Telephone: 444 7 284 (Turkey) E-mail: info@expatguideturkey.com, Turkish Citizenship by Property Investment, Turkish Citizenship by Fixed Capital Investment, Turkish Citizenship by Employing 50 Personnel, Turkish Citizenship by Purchasing Public Debt Instruments. 6 Months - 368,30 TL. Accordingly, the Turkish Government introduced the option of obtaining a Turkish Citizenship via making an investment in Turkey, like other countries in the world, with certain reservations. In case of the sale of one or more independent sections with the property ownership or construction servitude, the amount that paid in advance should be at least $250,000 or equivalent amount of foreign currency or Turkish Liras and also the transfer of sale price should also be realized after December 7, 2018 through banks as stated below. The contribution to Turkish economy is one of the most important criteria for gaining Turkish citizenship for foreigners. The most important subject of regulation will be the scope of time. Turkish Citizenship Law’s Article 12 allows foreign investors to acquire Turkish citizenship in exceptional terms; with 18.09.2018 dated 106 numbered Presidential Decree, amendatory new arrangements have been made regarding the amounts mentioned in the Article 20 of the Regulation on the Implementation of the aforementioned Law. With the law published in the Official Gazette on 12 January, the scope of exceptional cases in the acquisition of Turkish citizenship in Article 12 of the Turkish Citizenship Law was expanded. Marital status document and if married marriage certificate, if divorced divorce certificate, if widow/widower death certificate. 2 biometric photograph (50×60 mm, white background, machine readable, plain set by ICAO). Arrange a real estate agent to list your property to lease. Over the years many foreign companies doing business in Turkey and thousands of foreign employees working for them are benefiting from our services. A PoA can be given in a way called double legalization in some countries like China. Thanks to Ata Instutitional Consultancy, getting Turkish citizenship 250.000 USD is so easy. Valid visa or non-expired exemption term following entry at the date of application, Valid Passport (with enough validity for the residence term to be applied for), Power of Attorney to our firm to authorize professional assistance for handling procedures. on immovables acquired in this way is possible by establishing annals with the same limited rights and in case that the property’s owner change within the three year period without the agreement of the owner the General Directorate of Population and Citizenship shall be informed urgently. The Turkish Citizenship application processes are provided by authorized consultancy firms. Ilker Atamer. Normally, in order to make a short-term residence permit application, the foreigner should enter Turkey with a valid visa, or by benefiting from a visa exemption. Turkey intended to qualify for citizenship fixed capital amount was reduced to 500.000 $ from 2 million $. Citizenship by investment provides a direct route to legally acquiring citizenship via an investment or contribution to the economy of a nation. APPLICATION CONDITIONS FOR the Turkish Citizenship by ınvestment ın 2020. The concepts like ” Turkish citizenship lawyer” or similar things are not used in Turkey. Turkey Citizenship by Investment provides a direct Turkish Citizenship to those eligible Investors, Entrepreneurs, High Net-Worth Individuals and Self Employed Professionals who can invest minimum USD 250,000 (INR 1.85 Crore) in Real Estate. After the purchase of an immovable property of 250,000$, an expiration date of three years cannot be placed on the land registry records. Purchase a 250,000$ property in Turkey 2. In case of immovable’s handover without tenant’s consent for various reasons, this issue should be reported to General Directorate of Civil Registration and Nationality urgently. Private health insurance. Turkish Citizenship by Investment 2020 Which date is taken into consideration to determine the exchange rate for the bank receipts presented to evidence payment? You can become a Turkish citizen and have access to many benefits of your new citizenship +90 532 633 0070. Foreclosure, measure etc. Also, you can fill the contact form, our customer representatives will call you in a short time. By fixed investment of $500,000 or by buying a Real Estate property worth $250,000 Turkish Citizenship by Investment - … Completely filled in investment information formb. Some of our client give us PoA in their own country either at Turkish Embassy or local notary and apsotille. Our company provides professional consultancy services with experienced consultants. In case of the real estate being mortgaged or purchased as mortgaged, mortgage cost shall be deducted from the value of the real estate in order to determine the real value of the real estate. 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