Turkish Citizenship by Investment
GK Partners is one of the leading Turkish immigration law firms, providing the Turkish Citizenship by Investment Program. Our Turkish citizenship lawyers have advanced expertise in Turkish Citizenship, immigration, real estate, and corporate law. Our Turkish citizenship lawyers can provide services like purchasing a property, opening a bank account, and arranging private pension funds to obtain Turkish Citizenship.
Since the announcement of the new regulation of the Turkish Citizenship by Investment (CBI) program in 2017, our Turkish citizenship lawyers have successfully represented and obtained citizenship for more than 350 clients worldwide with the Turkish Citizenship by Investment program.
We have experience with clients having different situations and various nationalities such as the USA, UK, Italy, France, Canada, India, Iran, Russia, Pakistan, China, Hong Kong, South Korea, UAE, Egypt, Jordan, Iraq, Qatar, Palestine, Morocco, Malaysia, Bangladesh Philippines, and the Caribbean Islands’ citizens. Our Turkish citizenship lawyers have also represented stateless- heimatlos people.
General Process of Turkish Citizenship by Investment
The general processes for the options below-mentioned are similar; however, the competent authorities that provide the conformity letter are different, therefore the time frame might be affected depending on the option you choose.
The entire process generally takes 3-4 months. Once your application is accepted, our Turkish citizenship lawyers can arrange an appointment in Turkey or at the Turkish Consulate in your country for fingerprint collection for your passport application.
The first step to commence the process is getting a Power of Attorney (PoA) from the main applicant, depending on the investment option, and a PoA from the main applicant’s spouse is also required.
Legal Basis of Turkish Citizenship by Investment
According to the Turkish Citizenship Code’s regulation, investors are able to choose from the opportunities below-mentioned to apply for and obtain Turkish Citizenship together with their family members.
Turkish Citizenship Through the Property Purchase
For real estate purchases, four main steps may be taken: finding the property, getting an appraisal report to check the property’s value and whether there are any restrictions, preparing a sale contract with the seller, getting the title deed, and putting an unsaleable annotation on the property for 3 years. Our Turkish real estate lawyers will assist you in each step of this matter.
Please note that the Turkish government made a new decision to increase the minimum real estate investment to qualify for citizenship, from USD 250.000 to USD 400.000 in May 2022.
Framework of Turkish Citizenship with Property Purchase
- Obtaining a Turkish Tax ID Number
- Opening a Bank Account in Turkey
- To find a property with our Real Estate Team
- Depositing the money into your Turkish Bank Account
- Getting an appraisal report for your property
- Getting the property on your behalf or signing a preliminary sale contract,
- Putting an unsaleable annotation for 3 years on the title deed and getting the conformity letter from the HQ office of the Title Deed
- Obtaining Turkish PR for the Main Applicant
- Submitting Turkish Citizenship Application
Turkish Citizenship Through the Bank Deposit
One of the most common options for Turkish citizenship through investment is a bank deposit. The investor deposits at least USD 500.000 or equivalent foreign currency in banks operating in Turkey with the condition not to withdraw this amount for at least three years.
We were able to keep the money in foreign currency, however, the government has changed its policy with this decree, and now this investment must be made in Turkish Lira. Therefore, the money must be converted into Turkish Lira. Our Turkish Citizenship Lawyers can assist you to open a “Yuvam“ account to protect your money from any currency depreciation.
Framework of Turkish Citizenship with Bank Deposit
- Obtaining a Turkish Tax ID Number
- Opening a Bank Account in Turkey
- Depositing the money into your Turkish Bank Account
- Converting your money into Turkish Lira
- Signing a commitment to not withdraw the money for at least 3 years
- Getting the conformity letter from the Banking Regulation and Supervision Agency
- Obtaining Turkish PR for Main Applicant
- Submitting a Turkish Citizenship Application
Our team is dedicated to providing our clients with result-oriented and effective solutions. Our mission is to serve our clients with quality legal service. You can contact our Turkish Citizenship by Investment Lawyers to start your process.