A person has to be a legal resident while starting the application procedure. Therefore get your resident permit as soon as you’ve made your investment for a Turkish passport. It will be issued the same day you submit the application. No wonder this is the fastest residence process throughout the world.
Article 36 sets out provisions on companies with foreign capital. As a full service leading Turkish law firm, we provide advice to our foreign clients with respect to operating in Turkey under the most suitable corporate structure and assist them on new company formations. Please review our Company Formation section for further detailed info. Therefore you can keep your existing citizenships and use your existing passports as well without any renounce requirements. As of June 2022, Russians can still apply for Turkish citizenship program without any restrictions.
Easy Back Pocket Residence Permits in Europe
The investment amount as well as the scope of the Turkish Citizenship by Investment Program was laid down in Turkish Official Gazette and introduced back on 18th September 2018. You can review the official website of theInvestment Office of the Presidency of the Republic of Turkey for further information. However, male children would be later liable with Turkish military service once after they would be over 18 years old. But with the recent changes made in Turkish law, it is possible to be exempted of military service in Turkey by paying a fee of around $6000 USD to the relevant Turkish Authorities. In the event that the investor’s wife/husband is added to the naturalization file, a similar agency must be submitted for each of the spouses, and one joint agency can be organized for the client and his wife.
If you are looking for citizenship through some investment plans in the country, Citizenship by Investment (CBI) is the best option for you all. Among all CBI programs, the Turkish Citizenship by investment is one of the reliable choices for investors. https://t.co/tNsVHz5nAE pic.twitter.com/4OZRwYETxP
— WiklundKurucuk Law Firm (@wiklundkurucuk) April 18, 2021
However as legal personalities banks have their own inherent rules about accepting deposits and people are free to negotiate with other banks about depositing their money. In simple terms, banks are not obligated to accept the money from any natural person or legal person in Turkiye. As legal merchants banks are free to choose Turkish Citizenship Lawyer their customers. If it is considered as an illegal entity or as a subject of money laundering or financial crime, it will not be accepted as a legal deposit or participation deposit. There are also international institutions and regulations that obligate the banks for monitoring the money whether it is legal or not.
Obtaining citizenship by financial investment
The application process is straightforward and you can become the proud holder of a Turkish passport within as little as six months. Established in 2017, the Turkey Citizenship by Investment Scheme provides one of the fastest and simplest ways to secure a second passport. After initially setting the investment threshold at US $1,000,000 the Turkish government reduced it to US $250,000 in 2019 to make the CBI more attractive. Your family members, spouse, parents, and children up to the age of 18 years old can be qualified dependents for the residency card.
You do not have to give up the citizenship of your birth in order to become a Turkish citizen because Turkey allows its citizens to keep dual nationality and passports. Strategic location – Turkey is strategically located between the East and West, affectively becoming the bridge between the two. Because of this, Turkey offers unique opportunities in business as well as visa-free travel. Investors in Istanbul real estate can enjoy a gateway of accessibility.