With the new Turkish citizenship program, the country is looking to bring in more international business and investment. If you have ever wanted to invest in Turkey but are unsure about the best way to do it, then this article will give you information about Turkey’s new citizenship by investment program designed for people who have a net worth of at least 5 million euros or 2 million pounds sterling.
What is the New Turkish Citizenship Program?
The New Turkish Citizenship Program is a program that was introduced in January of 2017. The program allows foreign nationals to apply for Turkish citizenship if they meet certain criteria. The main criterion is that the applicant must invest at least $2 million in Turkey. Other requirements include having a valid passport, being over the age of 18, and not having a criminal record.
The New Turkish Citizenship Program has been very popular since it was introduced. Over 3,000 people have applied for Turkish citizenship through the program. The program has been praised by the Turkish government as a way to attract foreign investment into the country.
Am I eligible for the Turkish Citizenship by Investment program?
To be eligible for the Turkish Citizenship by Investment program, you must meet the following criteria:
-You must have a valid passport from your country of citizenship.
-You must be at least 18 years old.
-You must have a clean criminal record.
-You must have a minimum investment of $250,000 in Turkish real estate.
-You must hold the property for at least 3 years.
-You must have health insurance that covers you and your family.
How much does it cost?
The cost of the Turkish citizenship program depends on a number of factors, such as the applicant’s country of origin and their current citizenship status.
For example, citizens of certain countries may be eligible for a discount on the application fee. Additionally, applicants who are already citizens of Turkey may be able to apply for a reduced fee.
The total cost of the program also includes the costs of the required medical examination and police clearance. These fees vary depending on the applicant’s country of origin.
Overall, the cost of the Turkish citizenship program can vary depending on a number of factors. However, the average cost is thought to be around $2,000.
Is there a guarantee that I will be granted citizenship?
There is no guarantee that you will be granted citizenship if you apply for the new Turkish citizenship program. The program is designed to attract foreign investors to Turkey, and citizenship will be granted on a case-by-case basis.
2. How much money do I need to invest in order to be eligible for citizenship?
To be eligible for citizenship under the new program, you must make a minimum investment of $2 million in Turkish real estate or $3 million in Turkish government bonds. You must also create at least 50 jobs in Turkey.
3. How long does the application process take?
The application process can take up to six months. Once your application is approved, you will need to submit additional documents, including your passport and proof of investment. After your documents are processed, you will be granted citizenship and issued a Turkish passport.
What is the process after submitting my application form and documents?
After you submit your application form and documents, the Turkish government will review them to make sure you are eligible for citizenship. If everything is in order, you will be invited to an interview. During the interview, a representative from the Turkish government will ask you questions about your application and your reasons for wanting to become a Turkish citizen.
Once the interview is complete, your application will be sent to the Ministry of Interior for final approval. If your application is approved, you will receive your Turkish citizenship certificate in the mail. Congratulations! You are now a Turkish citizen.
How long does it take to process my application form and documents?
It usually takes around two months to process an application for Turkish citizenship. However, this can vary depending on the individual case. Some applications may be processed more quickly, while others may take longer.
The first step in the application process is to submit the application form and required documents. Once these have been received, the application will be reviewed. If everything is in order, the applicant will be interviewed. After the interview, a decision will be made on whether to grant Turkish citizenship.
Can I invest in Turkey before applying for citizenship?
Yes, you can invest in Turkey before applying for citizenship. However, there are some requirements that you must meet in order to be eligible for citizenship.
In order to qualify for Turkish citizenship, you must make a minimum investment of $500,000. You can make this investment in the form of cash, property, or a combination of both. You must also hold this investment for at least three years.
In addition to making an investment, you must also have a valid passport and be over the age of 18. You must also be able to show that you have no criminal record and that you have good health.
If you meet all of the requirements, you can apply for Turkish citizenship. The application process takes about six months to complete. Once you are a citizen of Turkey, you will enjoy all the benefits that come with it.
What are the benefits of becoming a Turkish
There are many benefits to becoming a Turkish citizen. One of the most important benefits is that Turkish citizens have the right to live and work in any country within the European Union. They also have the right to vote in all elections held in Turkey and the European Union. In addition, Turkish citizens enjoy a number of other rights and privileges, such as free healthcare and education.
Another benefit of becoming a Turkish citizen is that it gives you the opportunity to live in a country with a rich culture and history. Turkey is home to some of the world’s most beautiful architecture and stunning natural scenery. It is also a country with a deep-rooted tradition of hospitality. Becoming a Turkish citizen means that you will be able to experience all of these things first-hand.
If you are interested in becoming a Turkish citizen, there are a few things you need to know. First, you must have lived in Turkey for at least five years. You must also be over the age of 18 and have no criminal record. Finally, you will need to pass a language test and an exam on Turkish history and culture.