Frequently Asked Questions (FAQs) About Turkish Citizenship By Investment
Exploring the Path to Turkish Citizenship by Investment
-Have you ever wondered about the process of obtaining Turkish citizenship through investment?
Here are some frequently asked questions to guide you through the journey:
-Timeframe: How long does it take to acquire Turkish citizenship?
The process typically takes around 3-4 months after the completion of the investment. Within just a week, you can also receive your new Turkish passports and ID cards.
-Approved Properties: Are there approved properties available for Turkish citizenship?
Absolutely! Our dedicated real estate team works with reputable developers to offer you a selection of new and luxurious properties that meet the criteria for citizenship.
-Investment Options: Can I invest in multiple properties to qualify for Turkish citizenship?
Yes, the Turkey Citizenship by Investment Program allows investors to invest in multiple properties as long as the total investment amount exceeds USD 400,000.
-Eligibility Criteria: What are the criteria for properties eligible for Turkish citizenship?
To proceed with Turkish citizenship, the property must meet specific requirements. These include having a verified expert valuation report, a building license, and a clear title deed without any restrictions.
-Longevity of Citizenship: Will Turkish citizenship ever expire?
No, once you acquire Turkish citizenship, it is valid for life, extending to your descendants as well.
-Name Change: Can I change my name after obtaining Turkish citizenship?
Yes, applicants have the option to change their names and surnames. However, this should be done before submitting the citizenship application.
-Residency Requirement: Do I need to reside in Turkey during the application process or after obtaining citizenship?
No, there is no residency requirement in Turkey for either the application process or after obtaining Turkish citizenship.
-Travel Requirements: How many times do I need to travel to Turkey during the application process?
You will typically visit Turkey initially for the initial procedures and then again after obtaining citizenship for the submission of fingerprints.
-Family Inclusion: How many family members can apply for Turkish citizenship along with the main applicant?
The main applicant (investor) can obtain Turkish citizenship for their spouse and children under 18 years old. There is no limitation on the total number of family members, but children above 18 years old and parents cannot be included in the same application. Separate investments or Turkish Residency Permits can be considered for other family members.
-Citizenship by Descent: Will my future children born after acquiring Turkish citizenship automatically become Turkish citizens?
Yes, after obtaining Turkish citizenship, your future children will automatically acquire Turkish citizenship by birth.
-Language Requirement: Is there a language knowledge requirement for Turkish citizenship?
No, there is no language knowledge requirement to apply for Turkish citizenship.
-Tax Liabilities: What are the tax liabilities in Turkey if I do not reside there?
If you do not reside in Turkey for more than 6 months, you will not be taxed on your income earned abroad. However, if you earn regular income within Turkey, such as rental gains from investment property, you would be subject to pay taxes on that income.
-Military Service: Do I need to serve in the Turkish military after obtaining citizenship?
If you are over 22 years old and obtain Turkish citizenship, you will not be required to fulfill military service obligations.
-Multiple Citizenship: Can I maintain my existing citizenship(s) while becoming a new Turkish citizen?
Yes, Turkish laws allow for multiple citizenships, so you can retain your original/existing citizenship(s).
-Property Tax: What is the property tax rate in Turkey?
When buying or selling property in Turkey, a property purchase tax of 4% of the sales price is payable to Turkish tax authorities. This tax is usually divided as 2%