Turkish Passport: Benefits of Second Citizenship
Our clients procure a Turkish passport due to various reasons. Some are interested in purchasing property in Istanbul or the coastal towns, yet others value the investment and business perspectives in the country and Turkey’s favourable taxation system, other are attracted by the opportunity of free entry into 115 countries including Japan, Singapore and South Korea.
Total Costs of obtaining Turkish Passport
The Turkish authorities have decreased the required investment sum from $1 million to $250,000 in 2018, and it should only be held for three years.
Investment Options to proceed with Turkish citizenship
There are three investment options below:
Property Investment Projects
By investing $250,000, client will be able to purchase an apartment in Istanbul as well as a beautiful seaview villa in Antalya, Bodrum or other coastal cities. Many investors purchase apartments and houses here with a purpose of reaping rental incomes.
High net worth individuals from across the globe are frequent buyers of apartments in Turkey, the current rate of the Turkish Lira allows you to buy property at bargain prices.
Timeline of obtaining Turkish Passport
Client will be granted the Turkish citizenship very fast: just 60 days after the investment process is over. Note! Before client apply for the passport, they need to open an account at a Turkish bank and invest the funds.
Turkish Passport for the family
Client can include into the application their spouse and under-age children.
How to start the process of preparation for Turkish Passport
There are steps towards Turkish citizenship below:
Obtain Residence Permit prior of getting Turkish Passport
Client will receive the residence permit right after they make the investment. They don’t have to reside in Turkey – there is no such application requirement. Once client is granted the residence permit, they can apply for the citizenship right away.
Documents are required to submit an application
Exams and interviews.
Turkish Citizenship by Investment Programme requires no exams or interviews. Moreover, our clients are applying for passport remotely – they don’t need to be physically present.
Residence Requirements to stay in Turkey
Turkey has no residential requirements. Neither before nor after procuring the citizenship.
Route to British Passport via Turkish Citizenship
Turkish citizens can relocate to the UK with a Turkish Businessperson business visa. Immigration experts note that many affluent citizens take this very path to attain their goal of relocating to London.
Route to US Passport via Turkish Citizenship
Turkish passport is the right of Turkish citizens to obtain the US E-2 business visa followed by the EB-5 immigration visa. After procuring the latter, they can apply for the green card.
Mann’s Solutions is international immigration advisory firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering Immigration by Investment services and legal support to high net worth individuals.