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0:00 – Introduction
In this video, we will introduce you to the Turkey citizenship by Investment program also known as economic citizenship.
We will guide you through the costs, benefits, and process of obtaining a second citizenship. At the end of this video, we will also answer the most frequently asked questions about this program.
0:25 – About the Turkey Citizenship by Investment Program
The Turkish citizenship by Investment program was introduced by the government in 2018 and is focused on real estate investments. The program features a straightforward application process, and investors can benefit from rental income and may re-sell their property.
To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record.
In addition, you are required to maintain your real estate purchase for a holding period of 3 years.
0:55 – Investment Options
To qualify for the Turkey Citizenship by Investment program, you are required to purchase real estate is worth at least 250,000 USD, pay the land registry taxes, transfer fees and a property valuation report.
In addition, there are residency fees and professional fees that apply.
To get the updated and detailed costs, you can book a free consultation with one of our expert consultants by applying on our website.
1:23 – The Process of Obtaining a Turkish Citizenship by Investment
The process for acquiring Turkish citizenship through investment is divided into 7 steps over a period of 4-6 months.
Step one, we will do an initial background check to make sure you are qualified to apply to the program. If you pass the qualification process, a down payment of the professional fees is required to start working on your application and move to the next step.
Step two, our team will assist you in collecting the required documents for the citizenship application.
Step three, we will present a selection of properties from renowned developers that match your requirements. Once you have chosen your property, we will initiate the purchase procedure.
Step four, we will help you evaluate your property by a licensed expert. The purchase must be completed by registering the property and signing a holding agreement for 3 years.
Step five, after the purchase is completed, you will obtain a residency permit, unique to citizenship investors.
Step six, we will submit your citizenship application to the government. A background check will be conducted at this stage.
Step seven, after approval, your citizenship is granted and published in the official gazette. Once the balance of professional fees is settled, your citizenship and travel documents are delivered to you.
2:41 – The benefits of Turkish Citizenship
As a citizen of Turkey, you will be able to travel visa-free or with a visa-on-arrival to over 110 countries and territories in the world, including Singapore, Hong Kong and Brazil.
You and your family will enjoy full citizenship for life, which can be passed on to future generations by descent. You will also have access to world-class healthcare systems, have the right to attend schools and universities in Turkey, open bank accounts and expand your investment opportunities.
As a Turkish citizen, you will be able to apply for the Turkish Businessperson Visa for the United Kingdom and the E-2 investor visa for the United States.
Turkey does not impose taxes on worldwide income, capital gains, gift, wealth and inheritance.
3:28 – Frequently Asked Questions
1. Can I include my family?
Yes, you can include qualified members of your family in the application or add them after you have obtained your citizenship for an additional fee. A qualified family member can be a child not older than 18 years, an older child that is currently enrolled in an educational institution, a spouse, parents and in-laws which are financially dependent on the main applicant.
2. Are there any interviews, language tests, or work experience requirements?
No, there are no requirements for an interview, language proficiency or work experience.
3. What if I get rejected?
Savory and Partners will assess your eligibility before submitting your application. Anything that might cause issues in the process will be explained to you before any action is taken. Once your file is submitted, the Government will conduct their own assessment. Please note that you do not pay the investment amount until your application is approved.
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