Obtaining a Turkish passport by investment
A foreign citizen can obtain a Turkish passport by investment if he meets the required conditions. In this article from Ebla Real Estate, we will talk about how to obtain a Turkish passport through investment, conditions and procedures.
Obtaining a Turkish passport by investment:
Undoubtedly, having a Turkish passport has become a source of pride, as Turkey is one of the most famous countries in the world in terms of investment. Moreover, the attention of investors was directed towards Turkey to take advantage of the benefits and facilities offered by the Turkish state to foreign investors.
The Turkish government has followed the approach of granting Turkish citizenship to foreign investors to encourage investors and strengthen the economy. It is worth noting that investors can obtain a Turkish passport after they obtain Turkish nationality.
What are the conditions for obtaining a Turkish passport by investment?
After the recent amendments to the Turkish citizenship laws, a foreign citizen can obtain Turkish citizenship and a Turkish passport if he meets one of these conditions:
- Buying a property in Turkey worth 400.000$, provided that it is not sold for 3 years.
- Deposit 500,000$ in a Turkish bank, or buy government bonds of the same value.. Provided that they remain for three years.
- Employment of 100 Turkish workers in a company owned by a foreign citizen.
- Investing in a Turkish company with a value of at least two million dollars.
Procedures for obtaining a Turkish passport:
After obtaining Turkish citizenship, book an appointment at the Personal Status Department in Turkey via the Internet. Next, pay the fees of issuing the passport at the PTT Turkish Post Center. Then, go to the appointment set by the Personal Status Department and submit the requested documents. After that, it will be sent to your address within a period of one week to 20 days.
Thus, we provided the most important information about obtaining the Turkish passport by investment. For investing in Turkey and obtaining Turkish nationality, do not hesitate to contact Ebla Group.
Edited by: Ebla Group Real Estate
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