TURKEY
Turkey offers a citizenship by investment program that allows foreigners to obtain Turkish citizenship in exchange for making a qualifying investment.
Here are some of the main benefits of obtaining Turkish citizenship through investment:
1. Visa-free or visa-on-arrival access to over 110 countries and territories, including Japan, Singapore, and South Korea. Turkish passport holders can also apply for e-visas for certain countries, making travel easier and more convenient.
2. No residency requirements. Investors are not required to live in Turkey before or after obtaining citizenship.
3. No language requirements. Applicants are not required to learn Turkish or pass a language test to obtain citizenship.
4. The ability to include family members in the application. Spouses and dependent children under 18 years old can be included in the application for citizenship.
5. Access to Turkey's growing economy. Turkey is a member of the G20 and has a rapidly growing economy. Investors can take advantage of the country's business opportunities and access to a large market.
6. A favourable tax regime. Turkey offers a low tax environment, with a flat income tax rate of 15%. In addition, Turkish citizens are not subject to tax on their worldwide income unless they reside in Turkey for more than 183 days in a year.
7. Dual citizenship is allowed. Investors do not need to renounce their current citizenship to obtain Turkish citizenship through investment.
Here are the requirements and steps to obtain Turkey citizenship by investment:
1. Applicants must be at least 18 years old and have a clean criminal record.
2. They must make a qualifying investment in Turkey, which can be in the form of real estate, a capital investment, or the creation of jobs.
3. Applicants must have a minimum investment of $400,000.
Step-by-step procedure:
1. Sign a service agreement with Montegna Private
2. Decide on the type of investment you want to make. You can either invest in real estate, make a capital investment, or create jobs.
3. Prepare the necessary documents: You will need to prepare and submit the required documents, including your passport, birth certificate, police clearance certificate, and other supporting documents.
4. Make the investment: Once you have chosen your investment option and have the necessary documents, you can make the investment. If you are investing in real estate, you need to purchase a property worth at least $400,000. If you are making a capital investment, you need to deposit at least $500,000 in a Turkish bank. If you are creating jobs, you need to employ at least 50 Turkish citizens.
5. Apply for citizenship: Once your investment is made and verified, you can apply for Turkish citizenship. Montegna Private will help you with the application process.
6. Wait for approval: The processing time for your citizenship application can take up to three months.
7. Obtain your citizenship certificate: Once your application is approved, you will receive your citizenship certificate.
8. Apply for a Turkish passport: With your citizenship certificate, you can apply for a Turkish passport through the Turkish Ministry of Foreign Affairs.
It is important to note that the requirements and procedures for Turkish citizenship by investment can change, so it is best to check for the latest information before applying.
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