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Turkey has the 53rd strongest passport in the world, with visa-free travel access to more than 100 countries. The revised Turkish citizenship by investment program was introduced earlier in September 2018 for real estate investors.
The application process to obtain Turkish Citizenship is straight forward and the investor can have their 2nd passport in just 5-6 months’ time. There is no requirement for investors to declare and most importantly there is no physical stay required before or after getting Citizenship of Turkey. Having a Turkish passport can also benefit applicants to relocate in both The UK and USA, under different visa categories.
When the Turkey Citizenship by Investment program was launched, the Turkish government stated that the entry cost has to be a minimum of $1 million. As a result, this did not allure many investors at first. When the government realised that the amount is a bit unreasonable, the government dropped the cost required to $250,000 in 2019. Now the country generates an average of $250 million each month from foreign investors alone.
However, as the figure of applicants who are willing to obtain Turkish citizenship is on the rise, the minimum real estate investment required has been increased to $400,000.
Benefits of the Turkish Citizenship by Investment Programme:
An applicant may be unaware, but several benefits exist when you enrol into Turkish citizenship by investment programme. Besides, some benefits are mentioned below in a quick rundown.
Who Obtains Turkish Citizenship
To qualify for the Turkish Citizenship By Investment programme, the primary applicant requires the undersigned:
Moreover, the applicant requires the following documents:
Steps To Obtain Turkish Citizenship by Investment
In order to qualify for citizenship in Turkey through an investment programme, the primary applicant must adhere to these steps:
FAQs of Turkish Citizenship:
What is the reason behind the popularity of Turkish residency investment program?
Remove this question.
How much do I need to invest in Turkish investment programme to get the citizenship?
Minimum investment requirements are as follows: Real Estate Investment $400,000, Bank Deposit $500,000 and a Capital Investment of $500,000.
If an applicant has previously brought properties in Turkey, can he or she take their advantage?
To take certain advantages of the programme, you need to invest a fresh $400,000.
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