Webinar – UK Global Talent Visa (IT) : Endorsement and Visa Application Processes for IT specialists

Mann’s Solutions team would like to invite our clients and partners to Webinar Series – Industry Experts Opinion.
Free Webinar will be held on 18th March 2022 14:00 GMT (London Time Zone)
Agenda of Webinar – UK Global Talent Visa:
1. How to qualify for UK Global Talent Visa and obtain Endorsement Letter ?
2. How to prepare relevant documents and submit successful visa application for UK Visa ?
3. How can the whole family move to the UK ?
4. How did i get Permanent Residence status in the UK after 3 years and 5 years ?
5. How to set up UK company and receive Accounting, Tax Planning Support ?
6. How to buy Property in the UK and relocate ?
 Participants:
Evgeny Pavlov – Managing Partner and Immigration Adviser at Mann’s Solutions Group, London UK

Maargi Patel – Private Clients Adviser at at Mann’s Solutions, London UK

Step by Step Process investing in Fixed Capital in Turkey Citizenship By Investment

It is possible to obtain Turkey citizenship by investment in fixed capital. They include business, properties, equipment and land. It all depends on what kind of real estate the investor will consider as an investment. For every investor who would like to apply for Turkish citizenship, it is important to invest at least 500000 USD of fixed capital. In order to do so, people should know how to open a bank account.

Open Bank Account in Turkey 

For those who want to get Turkey citizenship, it is important to know how to open a bank account. There are a couple versions of accounts that can be opened by any investor. It can be a current account, credit card account, gold savings account and participatory account. In case of allocating and transferring funds, it is highly recommended to open a current account. It allows you to make deposits, make trade orders and more. A person should have at least 1000 TL to open an account.

List of documents to open the bank account 

Just like in the case of all other countries of the world, any Turkish bank will require a standard list of documents necessary for opening an account. They include:

  • The original and notarized Turkish translation of the passport of the investor;
  •  Individual tax number code;
  • A Turkey or home country utility bill!

It is important to admit that financial institutions have their own additional requirements, so it is recommended to check for them, using an official website of a particular bank. For fixed capital investments, it is important to prepare all required documents for investment info form. It contains details about the company and the share of the investor in fixed capital. They include not only a passport, but also biometrics, a copy of residence permission. These documents will allow the investor to transfer funds and apply for Turkey citizenship by investment.

Allocate and Transfer funds 

To allocate and transfer funds, it is important to open a bank account in Turkey with a current service option. With a current account, the investor will be able to freely transfer money and pay taxes or bills. It is important to admit that by investing in fixed capital, all the funds should remain in the country for at least a period of 3 years. It is recommended to look for a well-known and respected bank. There are at least 5 financial institutions that can be recommended for investors:

  •  Akbank;
  •  Ziraat Bank;
  •  Halkbank;
  • Isbank;
  •  Garanti!

They have really good stocks of foreign currencies, so it should not be a problem to receive a special purpose report that shows a minimum 500000 USD investment in Fixed Capital. The main requirement is to make sure that it was made through a legal entity, which will be confirmed by the Turkish Trade Registry Gazette with a record of all fixed capital investments made by the person.

Obtain necessary documents to apply for Turkey Citizenship by Investment

To get Turkish citizenship by investment, it is necessary to obtain a number of documents. Each applicant should prepare a birth certificate to identify a person and a home country passport. To prove a residence, an investor should use a recent utility statement. An applicant should prepare 12 biometric passport notarized pictures.

In case the investor is married, then a marriage certificate must be provided or divorce certificate in some cases. A valid in Turkey proof of health insurance. To apply for Turkey citizenship by investment in fixed capital, a proof of transfer of 250000 USD into an official Turkish bank account is required. Turkish tax ID number and CIP application form should be provided.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours are available.
  • Due diligence checks and additional property checks are completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high-net-worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com  or call +44 207 993 63 46.

 

Webinar – Agenda “UK Innovator Visa: Endorsement and Visa Application Process”

Mann’s Solutions team hold  Free Webinar was held on 3rd February 2022 12:00 GMT (London Time Zone)

Agenda of Webinar – UK Innovator Visa:

1. How to qualify for UK Innovator Visa and obtain Endorsement Letter ?

2. How to prepare relevant documents and submit successful visa application for UK Innovator Visa ?

3. How can the whole family move to the UK ?

4. How did i get Permanent Residence status in the UK after 3 years ?

5. How to set up UK company and receive Accounting, Tax Planning Support ?

6. How to buy Property in the UK and relocate ?

Participants: Evgeny Pavlov – Managing Partner and Immigration Adviser at Mann’s Solutions Group, London UK

UK LONDON BASED SOLUTIONS ADVISERS

Full Support with our Immigration Advisers & Property Consultants: Property search based on your requirements (from residential properties to high-value luxury developments) Property virtual tours, 3-D tours, and in-person tours are available. Due diligence checks and additional property checks are completed by our experts. Residency & Citizenship document preparation and submission. Full support until you receive your second passport & residency. Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high-net-worth individuals.

Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at

enquiries@manns-solutions.com or call +44 207 993 63 46

Step by Step Process of Real Estate Purchase in Turkey Citizenship by investment

Any foreign investor is able to obtain Turkey citizenship by investment. In some scenarios, it is even possible to use cryptocurrency to get a passport. But it is possible to say that the safest and easiest way is to buy real estate in this country. To do that, the applicant just needs to know details about the purchasing process and all possible underwater rocks. This is a reason to read a step-by-step guide, as it will help in avoiding all problems.

First Step: Do your research 

The first thing to do is to dedicate some time to research. For such investments there are too many residents to buy, so it is not shocking to see so many estate agents all over the country who would like to provide help for any interested person. But the fact is, it is not necessary to get help from professionals if the investor purchased any property in the past and is able to find an appropriate option on a local real estate market.

Investors should not forget that this property should not be sold within 3 years after getting a passport of Turkey. It is possible to buy a residential facility in literally any Turkish region, including Antalya, Bodrum, Istanbul, Yalova, Kalkan, Fethiye. Comparing different options can take some time.

The Second Step: Compare options available on market 

Considering how big of a country Turkey is, residential facilities in different cities are unique in terms of usage scenarios. To compare options, investors are able to either use official online advertising platforms with details over each residence or contact a real estate agent who is familiar with a specific region and can provide advice. It is recommended not to rush and get to know the agent properly. This will allow the investor, who wants to obtain turkey citizenship to get a complete picture of the real estate market in Turkey.

The Third Step: Visit Turkey before you buy and go on a preview trip with Appointed Consultant

If a person would like to receive Turkey citizenship by investment, it is recommended to visit this country in order to get familiar with the city, apartments and residential facilities of the particular region. It is important to know that a chosen real estate will fit the lifestyle of the owner. Preview trip with an appointed consultant will help with diving into details of what to expect from a particular option. At least 4 days are required to compare different objects of property and decide which of them looks like the most interesting one. Now it is time to think about the price.

Fourth Step: negotiate the price and terms of purchase 

To buy property in Turkey and receive a passport, it is important to invest at least 250000 USD in real estate. But it is not necessary to spend more than that. In some cases, it is possible to receive a good discount, if the client will not hesitate to ask for it. Consultant will help to get not only a good price, but also help with understanding terms of purchase of a particular residence. It is important to reserve the property to not lose an opportunity to buy a real estate object.

Fifth Step: Reserve the property 

To freeze its price and be able to invest in Turkey without spending too much in the process, it is recommended to reserve the property. Such an operation usually costs around 1100 USD with no returns policy. Applicants should make a reservation deposit, which is why it is needed to open bank account in Turkey before looking for real estate. Thanks to a reservation, the agreed purchase price will be kept until the completion of the buying procedure.

The Sixth Step: preparing all the documents required to complete the real estate purchase process in Turkey 

To complete the real estate purchase and receive Turkey citizenship by investment, it is important to prepare all the required documents. The most efficient way of doing so is to appoint a solicitor by getting a power of attorney to complete a deal. Such a professional will be able to get all documents ready for an applier. It is necessary to stay in Turkey until the title deed will be obtained.

The Seventh Step: Exchange the agreements and obtain the Title deed of the property 

Thanks to a solicitor, it is possible to exchange agreements in accordance with local law and sign a contract. It takes up to 4 weeks to complete such a process. A help from a professional solicitor is advised, as this specialist will be able to guarantee that the real estate was properly registered on the investor’s name. It all leads to the title deed of property – TAPU. It is paperwork that includes a name of property owner, sales price, map section, measurements, boundary limit, description, etc.

Last Step: Move In 

After all paperwork, it is possible to finally move in and hold this property for at least 3 years after buying it. It is up to the buyer to decide how such a residence will be used in the future. All the hard work is done and it is possible to rest.

Fees & Taxes

It is important to note that in accordance with Turkish regulations law, the buyer will need to pay at least 2% fee for transfer of property rights. The total payment is 4%, but it is divided between buyer and seller, excluding VAT. Also, those buyers who will not reside in the country can get a discount and escape a need to pay 18% of taxes.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours are available.
  • Due diligence checks and additional property checks are completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high-net-worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com  or call +44 207 993 63 46.

 

Investment Options of Turkey Citizenship by Investment

People who are interested in Turkey citizenship by investment should look for a way to obtain one in Turkey. This country gives a number of options with requirements. There is even a way to obtain a citizenship by investment with a cryptocurrency, so everyone is able to find the option that would feel great enough for a particular person. It is important to know requirements and possible options of this program.

General Program Requirements and Investment Options

According to general program requirements of investments in Turkey citizenship, every person will need from 3 to 6 months to complete this process. Investors should be acknowledged about a couple of requirements:

  • Search for a real estate to buy;
  • Start a business in Turkey to make further investments in this country;
  • Open a deposit!

All people who would like to obtain a citizenship will need to open a bank account to pay taxes. There are a couple of popular investment options at the moment – buying real estate, investing in fixed capital, Turkish bank account deposis, investments in government bonds, real estate investment fund share, setting up a company on a territory of this country or real estate investment fund share, venture capital investment fund share. It is worth dedicating a moment and learning more about all of these options to know exactly which one is the most efficient one.

Acquisition Process of Real Estate

It is possible to obtain Turkey citizenship by investment in real estate. A person should buy a commercial or residential property on the territory of this country that is worth at least 250000 USD and not sell this building for at least 3 years. Only after obtaining a passport, is it possible to get rid of buildings on a real estate market. At the moment, it is the most popular investment plan. It is important to know about additional payments, such as the 4% fee for a transfer of property rights.

It is up to the investor to decide which city to choose for a real estate acquisition process. Most people who are interested in obtaining a local passport are looking forward to buying a residential complex in the capital of this country. Once the commercial or residential facility is purchased, the investor needs to apply to the government to get citizenship.  It is worth mentioning – it is possible to buy a number of properties to qualify for Turkish citizenship. Some buildings may have lower prices than required investment amounts. In that case, a person can buy a couple of small apartments with a combined cost of more than 250000 USD.

Investment in Fixed Capital

Those who do not want to buy property in Turkey, can apply for citizenship by making an investment in fixed capital of at least 500000 USD equivalent to Turkish Lira. It can be done by purchasing a company with a corresponding share price. The investor is also able to deposit the right amount in the local company, which will also act like a fixed capital investment. To acquire citizenship of Turkey, investors should visit this country to submit their fingerprints and sign official documents. Any other procedure can be done remotely via the internet in accordance with local laws. At this moment, there are no nationalities restrictions, which means citizens of any country in the world are able to invest in the fixed capital of Turkey.

Deposit in Turkish Bank Account

Some people would like to invest in Turkey by making a 3-year fixed deposit of 500000 USD in one of the local banks. First thing to do in this case – open bank account in Turkey that would allow to make such a transaction possible. It will be one of the easiest ways of obtaining citizenship. But there is one tricky thing – it is not possible to terminate an agreement that was previously signed with a bank before the expiration date of this document, because the opportunity to get Turkish citizenship will be lost.

Investment in Government Bonds

It is possible to get Turkish citizenship by investment in government bonds. A fairly easy method, as a person just needs to buy state bonds and hold them for a period of 3 years in order to apply for citizenship. The amount of money to invest in this case is the same, like in the case of all other options – at least 500000 USD.

Real Estate Investment Fund Share or venture capital investment fund share

Investors can put their money into a venture fund or real estate investment fund in order to qualify for citizenship of this country. It is not that hard, as it may look at first, as conditions are pretty much the same, like in all other scenarios – a person cannot terminate investments during a period of 3 years to get a Turkish passport without any problems with the law.

Set up a company and create 50 full time jobs

Big money investors are able to set up a company to gather at least 50 employees and get a legal way of obtaining citizenship. It is important to have a gross minimum wage and hire a minimum number of employees for at least half a year to have legal rights to apply for a passport. After getting it, the company can be closed and technically, there are no regulations in terms of the unemployment process after receiving a citizenship. So, it is possible to release all employers from work, once the passport is received.

The question that bothers a lot of investors is the ability to buy an existing company with at least 50 employees. It is possible, but in fact, it is still needed to wait for at least 6 months after becoming an employer. Which is why it is hard to recommend such a way of obtaining a company, as in most cases it will be much easier and cheaper than buying an existing one.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours are available.
  • Due diligence checks and additional property checks are completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow.

 

Guide “How to Open a Bank Account in Turkey”

Our Guide on “How to Open a Bank Account in Turkey” will make applicant’s life easier, but legal rules maybe a little complicated – a couple of unique features of the banking system of this country. It is necessary to have information on Turkey law and rules of a specific financial institution. This information is important for any person, who would like to get a citizenship by investment without problems with a local law. First thing that should be highlighted – the operation of the banking system.

Banking System in Turkey

All financial transactions are possible for overseas citizens, who are acknowledged about different types of Bank Accounts. They include:

  •     A current account;
  •     Credit card account;
  •     Gold savings account;
  •     Participatory account!

Depending on what kind of account was opened, the ability to deposit and withdraw money can be limited due to the banking system policy in Turkey. To open an account in this country, applicant need a residence permit. All financial institutions of this region work under this condition. It is necessary to get all documents that would help to obtain a residence permit and then work around the banking system in Turkey.

Most relatable local and international banks in Turkey

Before making any kind of investments in this country with either fiat money or cryptocurrency, it is important to know about the most popular and respected banks in Turkey. They include such financial institutions, like:

  •     Ziraat Bank;
  •     Akbank;
  •     Garanti;
  •     Vakifbank;
  •     Halkbank;
  •     Yapi Kredi;
  •     Isbank!

These 7 banks have been on the market for decades and even centuries in some cases. There are good enough reasons to trust these banks – good history of business lending, long history of existence, a large number of contributors, good stocks of foreign currencies.

How to open a bank account in Turkey

For any foreigner, who is interested in investments, it is important to understand the basics about opening a bank account in Turkey. First of all, such a person needs to gather all the necessary documents, including:

  •     The passport;
  •     Individual tax number code;
  •     A recent utility bill from the home country or Turkey!

Depending on a specific institution, there can be some additional requirements for foreigners. It is recommended to check them via the official website of a bank by choosing a specific city or region of the country.

List of banking services are provided in Turkey

Before getting Turkey citizenship, it is important to get more information on everything related to local banking services. They all depend on what type of account a person has opened. For a current account, it is possible to transfer money, checkbook transactions, make direct debit payments, pay taxes or bills, exchange currencies, buy gold or silver, make trade orders. It is, unfortunately, cannot be used for online shopping.

In the case of a credit card account, a person can use it for online payments without any limitations. A minimum of 1000 TL is required to open a credit account in any Turkish bank.

For Turkey citizenship by investment, a person should open a participatory account. It helps to work with making money through interest operations and real estate payments. With the help of a participatory account, it should not be a problem to buy property in Turkey. For gold savings, there is a separate account dedicated to such services. It is possible to use it in order to save money from deflation of a local currency. The gold can be bought at any moment with a minimum limit of 0.01 grams per transaction.

How to transfer funds & Fees

The question that bothers many people, who would like to invest in Turkey is how to transfer funds and what fees should be paid in the process. First of all, there are no limits in terms of the amount of money that can be brought into this country. But it is important to say there is a limit of money that can be taken out of the country – 5000 USD.

To transfer money from a hometown bank account to the one presented by Turkey bank, it is recommended to contact customer service of a specific financial institution to get more details on any possible fees during online money transferring. Some investors withdraw their money in their home country via ATMs, before they open bank account in Turkey to exchange them for lira personally without any third-party solutions. It is important to note that such a way can be a little expensive, as not all ATMs are offering free of charge withdrawal.

Recent updates on Immigration by Investment program for Fixed Capital Investment Option

To support Lira, a government decided to update Turkish citizenship by investment program. All foreign investors will need to hold their money in the local currency, instead of dollars or euros. Also, all money received as a part of property sales to foreigners will also be converted to Lira via local banks. In 2022, investors should own real estate with a minimum price of at least 250,000 USD in order to get citizenship.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours are available.
  • Due diligence checks and additional property checks are completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow.