Turkey is an attractive destination for those looking to invest in citizenship. With a process that is relatively easy and straightforward, it’s no wonder why so many people are interested in applying for Turkish citizenship. In this comprehensive guide, we’ll discuss the ins and outs of applying for Turkish citizenship through investment, as well as what you need to know before making your decision.
Eligibility Requirements for Citizenship by Investment in Turkey
The first step in the process of applying for Turkish citizenship by investment is determining if you are eligible. The eligibility requirements are fairly straightforward and include having an existing residence permit or visa with at least six months of validity from the date of application. Additionally, applicants must show proof that they have been living in Turkey continuously for at least five years prior to application submission. Lastly, applicants must be able to provide evidence of their financial means and economic activities in Turkey.
Required Documentation
Before submitting your application, you will need to provide several documents in order to prove your eligibility and financial capabilities. These documents include but are not limited to: a valid passport; a valid residence permit or visa; proof of employment; bank statements showing deposits over a period of five years prior to application submission; documentation proving ownership or rental of property in Turkey; proof of any charitable donations made; and documents showing investments made into businesses registered in Turkey.
It should also be noted that all documents must be translated into Turkish by a certified translator before submission.
Application Process
Once you have gathered all required documents and had them translated into Turkish, the next step is submitting your application packet to the appropriate government agencies. It should be noted that the entire process can take up to 18 months from start to finish after the initial application has been submitted due to processing times associated with each stage of the process. Once all paperwork has been approved, applicants will receive their official Turkish citizenship cards within approximately three weeks after approval has been granted. If approved, applicants also have the option of obtaining dual nationality status as long as they notify their current country of citizenship beforehand.
Conclusion: Applying for Turkish citizenship by investment can be an attractive option for those who meet the eligibility requirements and have sufficient funds available for investments into business operations or real estate property located within Turkey’s borders.. As long as applicants follow all steps correctly, it should not take more than 18 months from start to finish before they obtain their official Turkish citizenship cards. All applicants should make sure they understand all aspects associated with acquiring their new status before submitting their applications so that there are no surprises along the way!