Does Turkey Offer Citizienship By Investment?
If you are a business owner, considering relocating to Turkey, and are looking to invest in real estate, then you may be interested in Turkish citizenship. This type of program offers a low barrier to entry, lower taxes, and easy citizenship paperwork. The investment must be at least $400,000 USD, and you can purchase a single unit or multiple units. Once you purchase a property, you will have to maintain ownership of the property for three years. This commitment must be documented in a notarised sales contract or title deed.
For foreign investors wishing to invest in Turkish real estate, it is important to understand the requirements. For the initial application, you must invest at least US $400,000 in a property in Turkey. You must then hold the property for three years before applying for citizenship.
Required Documents for Turkish Golden Visa
The process of applying for a Turkish Golden Visa involves the submission of several required documents. These documents must be translated into Turkish and apostilled. The applicant must also have the required ties to the country. These can include employment, knowledge of Turkish, and a sufficient level of income. The application can also be submitted after purchasing a property or real estate worth $100,000. The resident permit is granted for a period of two years, and can be renewed if necessary.
In addition to the main applicant’s passport, applicants may have dependents, including a spouse, minor children, or disabled children of any age. In addition, non-Turkish documents must be notarized or translated in Turkey. Professional immigration advisers will review these documents for compliance with Turkish laws.
Benefits of Turkey Citizenship by Investment
If you’re thinking of becoming a citizen of Turkey, investing in real estate can be a great way to do so. This type of citizenship doesn’t require residency and can be obtained with a low investment amount. You can even purchase property and rent it out if you don’t need it right away.
There are many benefits to obtaining Turkish citizenship by investment, including tax incentives. For example, you’ll not have to pay taxes on any of the income you earn abroad – even if you’re not living in Turkey. You’ll also not have to pay the same level of taxes as if you were living in Turkey full time.