Obtaining a Turkish passport by investment is one of the things that foreigners enjoy after the Turkish government allowed them to obtain Turkish citizenship according to the new amendments, where you can apply for a Turkish passport directly after you receive your Turkish identity.

 in this article, we will provide a detail of information about the Turkish passport, who to be entitled to obtain by investment, with other comprehensive details that we answer all your concerns about Turkish citizenship through investments.

Obtaining a Turkish passport by investment, why?

The Directorate of population and the Ministry of the Interior of the Republic of Turkey have announced opportunities to obtain Turkish citizenship for foreigners if they meet all the required conditions. Also, many investors rushed to apply for Turkish citizenship for several reasons, the most important of which are:

• Enjoy the countless benefits that the Turkish passport offers them for life.
• Free education such as schools and universities and free full medical assistance.
• Obtaining and renewing personal documents becomes easier.
• Access to 77 countries around the world without a visa.
• The possibility to transfer nationality to the family, such as the wife, children, and grandchildren
• Freedom of movement and travel
• People who have obtained Turkish citizenship are no longer obligated to residence permit or even stay in Turkey.

 

Read this article: How to obtain Turkish citizenship – methods, and motives.

 

Turkish citizenship by investment: How to get a Turkish passport by investment in 4 ways  

To obtain a Turkish passport / Turkish citizenship by investment, there are several methods, the most important of which are:

 1-Turkish passport by bank deposit: by depositing an amount of $500,000 in a Turkish bank with a commitment to freeze it for a period of three years and signing a statement of seizure for this period only.

2-Turkish passport by buying a property:

 There are many opportunities to own new real estate in Turkey for foreigners intending to acquire a Turkish passport. and they must meet

 a few conditions such as:

• The property must be purchased from a Turkish citizen.
• Can purchase one or more properties with a value of not less than 250,000 USD.
• The investor must retain the ownership of the real estate for at least three years without selling, but he is allowed to rent the property during this period
• Must have A statutory title deed of the property for which the floor easement _ title deed is issued.

Read: Citizenship by Real Estate Investment

 

3-Turkish Citizenship by Buying Government Bond

•  The investor can buy government and bank bonds worth $500,000 under general terms and conditions with a commitment to keep them for a period of three years without selling, leading to obtaining residency, after which he can apply for and obtain Turkish citizenship.
• By investing $500,000 in fixed assets under the supervision of the Ministry of Industry and Technology.

 

See this article: Apartments for sale in installments in Istanbul

4-Turkish citizenship by opening a business or transferring the work and business to Turkey

 

 

• A foreign investor wishing to establish his own business in Turkey has the right to apply for a work permit:

            -Submit a work permit application file to Turkish consulates and embassies in his place of residence if the investor was living outside.

            -Residing in Turkey and holds a valid residence permit for a period of 6 months, except for “residency for educational purposes, with the exception of master’s and                 doctoral degrees.”

• His work permit must exceed three years or more.
• Or by buying a company with a capital of 500,000 US dollars.
• Provide employment for 50 Turkish citizens.
• Purchasing shares worth $500,000 in real estate investment trusts or venture capital funds by assets.

 

Learn about: Returns and risks of investing in Turkey

Who Can Apply for a Turkish passport?

 Anyone who obtained Turkish citizenship can apply for a passport if he meets the conditions, where a lot of investors and foreign businessmen are looking for earning this passport to benefits from its advantages especially where Wives, children, and grandchildren can also inherit the Turkish nationality.

The Motivation Provided by The Turkish Government to Investors In Turkey?

 The Turkish government has stated its great support in many investment sectors, and it has designed the motivation system to encourage investments and attract investors and applied a few procedures such as:

• Investment support in the areas that it provides is less.
• raising the level of support.
• encouraging all aggregate activities.

The investment incentives system included four different programs through which foreign and local investors can access them:

See: Why buy a property in Istanbul

Investment Incentive Program

 All projects that meet the needs of limited capacity conditions and a fixed minimum investment value receive full support from the Turkish government within the framework of the investment incentives project. And one of the most important investment incentives mentioned:

• Exemption from customs duties
• VAT exemption
• Exemption from customs duties for imported machinery and equipment for projects that obtained investment stimulus certificates

Incentive Program for Regional Investment

 The sectors that will be supported in each region are determined according to the capabilities of the region and its local economic level. The specific priority that will be supported through the tools of the industrial zone, regardless of the region in which the investment is made:

• Mining investments
• Railways investments
• Marine transport and passenger transport
• Investments in the defense industries to be implemented.
• Investments in produce engines and generators used in renewable energy generation

 

Large-Scale Investment Incentives Program

The tools of the Large-Scale Investment Incentives Project support 12 investment themes capable of supporting Turkey in the field of technology, research, and development.

 

Strategic Investment Incentive Program

 the most important supporting tools in this program are:

• VAT exemption
• Exemption from customs duties
• tax cuts
• interest rate support
• Research and development support
• Social Security Premium Support (Employer's Share)
• Social security premium support (employee share)
• Exemption from withholding income tax
• Allocating land for investment

Read more about this topic in an article: The Investment Stimulation System in Turkey.

 

 We hope that we have answered all the questions that preoccupied you in this report and provided you with the necessary information in case you are one of those wishing to obtain Turkish citizenship through investment.