Article Image
Feb 5, 2023

Obtaining the Turkish Passport by Investment

One of the easiest ways to obtain the Turkish passport is to obtain Turkish citizenship by investment. To know about the methods of investment in Turkey that qualify for obtaining Turkish citizenship, we will first talk about the Turkish passport and its advantages.

The Turkish passport has several advantages for its holder, as it is ranked 35th in the world. The evaluation and ranking are done according to the number of countries that the passport holder can enter, without an entry visa, or with a visa issued upon arrival.

It is worth noting that not long ago, the Turkish passport was ranked 50th in the world, but thanks to the good relations between Turkey and the countries of the world, and the government’s interest in air transport, and supporting tourism, Turkey was able to move to 35th place in a short period, as it is expected that Turkey will make progress in the global ranking in the coming years due to its great interest in establishing and financing giant projects in the tourism and air transport sectors.

The Turkish passport allows its holder to enter 128 countries without issuing a prior visa. It also allows travel to 51 countries. A visa is issued from the airport upon arrival. It also gives the right to issue an electronic travel visa online for seven countries. We can say that the Turkish passport enables its holder to access 68% of the countries of the world.

In addition to the previous privileges, the Turkish passport provides many privileges and facilities, as an application for a passport can be submitted directly upon obtaining Turkish citizenship by investment without the need for a period of residence as is the case in most countries.

Features of the Turkish passport 2024

You can obtain Turkish citizenship by investment with all types. Moreover, the holder of a Turkish passport enjoys the full rights of Turkish citizenship and can also obtain a long-term passport that only needs to be renewed once every 10 years. Turkish law allows dual citizenship and therefore no one will have to give up their original citizenship. The Turkish passport also provides the right to enjoy free health and educational services for Turkish citizens.

One of the important points for many who are concerned about transactions within government departments is that there is no fear or worry in this regard because the Turkish government provides the necessary facilities that contribute to the speedy issuance of passports by Turkish citizens.

The Turkish passport allows you to travel to more than 128 countries without a visa and facilitates entry into the Schengen area. Also, the holder of a Turkish passport can benefit from the retirement program like any Turkish citizen. It also gives the Turkish passport holder the right to express his opinion and vote in the Turkish elections.

Related articles:

Documents required to obtain a Turkish passport?

  • Personal ID and a copy of it.
  • Two personal photos. 
  • Postal payment receipt.
  • Proof of residence document.
  • Request to extract and fill out the required data.

After completing the previous steps, the passport is sent to the applicant at the address he specified in the Population Department, after a maximum period of 30 days. If the required period is about 10 years, the cost of a Turkish passport is about 8,625 TL, which is only approximately 280 US dollars. It is worth remembering that the easiest way to obtain a Turkish passport is to apply for Turkish citizenship by investment.

Obtaining a Turkish citizenship by investment

There are many options for obtaining Turkish citizenship by investment, and these options are:

Real estate residence permit: 

One of the easiest options for investing in Turkey is the Real Estate Investment Program, which is a program created in 2018. It provides individuals and their families with a unique opportunity to obtain Turkish citizenship by investment, by purchasing a property worth 200,000 US dollars, in any Turkish state. . This investment will qualify its owner to obtain real estate residence permit, through which he/she has many privileges, including the possibility of applying for Turkish citizenship after five years.

Turkish citizenship: 

In this option, there are no restrictions on investment or property value. If you buy any property worth $400,000 in Turkey, you will obtain Turkish citizenship by investment, provided that the property is not sold for three years and to purchase it from a Turkish citizen. In this case, the investor obtains Turkish citizenship by investment and a Turkish passport within a maximum period of 90 days. The investor's wife/husband and children under the age of eighteen also obtain citizenship.

Investing in a company: 

One of the ways through which one can obtain Turkish citizenship by investment. If you invest $2 million in a Turkish company or buy shares in this company, you can apply for fast track citizenship. But you cannot take the investment for three years.

Bank deposit program: 

It is a fixed amount of $500,000 deposited for a period of 3 years in a Turkish bank, through which you become eligible to apply for Turkish citizenship by investment.

Real estate investment in Turkey:

Real estate investment in Turkey is considered among the first and attractive options for both local and international investors. This is for several reasons and advantages that Turkey enjoys over other countries, the first of which is obtaining Turkish citizenship by investment. Thus, the features can be summarized as follows:

  • Turkey's distinguished strategic location between the European and Asian continents, making it a vital center for trade and investment. This makes it a target for international investors, especially those who want to invest in residential real estate. 
  • The Turkish real estate market has a great diversity of properties on offer, as a variety of properties are available in different sizes, patterns, locations, and views, ranging from luxury residential apartments to commercial buildings, hotels, and large development projects. 
  • Real estate investment returns in Turkey are considered large and very attractive to investors, as the market has enjoyed stability and continuous growth over the years. 
  • There are many government programs and incentives that attract investors, such as programs for obtaining citizenship by investment and the program for obtaining real estate residency. 
  • The Turkish government provides simple and transparent procedures for foreign investors wishing to invest in real estate in addition to exemption from many fees and taxes, making Turkey an ideal destination for investors looking for profitable and stable investment opportunities in an active, safe and diverse real estate market.

Owning a Turkish passport has become a dream for many, not to mention that Turkey is a country witnessing an unprecedented renaissance and great interest and diligent work in giant projects, most of which are about to be completed. The Turkish government is working to offer large investment facilities to obtain its passport in the best and shortest possible ways and is also working to strengthen the economy. Providing it with new sources of income to ensure its development and stability. In the long term, attracting foreign investments and attracting capital, in addition to developing all its sectors especially real estate and investment.

If you would like to know more about obtaining Turkish citizenship by investment, do not hesitate to contact us via WhatsApp, here. The real estate consultant will contact you immediately.

 

 

 

 

#akarkom_real_estate  #real_estate_investment  

#property #turkey_real_estate #turkish_citizenship

 

 

 

 

image

Be the first to recieve the latest news in our blog.

I’m okay with getting emails

Request a free real estate consultation