Turkish Citizenship by Investment

Turkish Citizenship by Investment
Citizenship has begun to be used as a tool all over the world in order to serve the economic and labor policies of the state and especially to encourage foreign investment, and the necessary regulations have been made in many countries in this regard. It is possible to acquire Turkish Citizenship through methods such as real estate purchase, capital investment, employment creation, debt instrument purchase, deposit and fund.
It has been accepted that those who first obtained a residence permit in the Republic of Turkey in 2016 and foreign individuals who hold a Turquoise Card and their foreign spouses and children under the age of 18 can acquire Turkish citizenship within the scope of exceptional circumstances. In this law no. 6735 (International Labor Force Law) of 2016, it is possible for foreign persons who do not work in Turkey but invest within a certain scope and amount, as well as their foreign spouses and children under the age of 18, to acquire citizenship, but the conditions for the investment to be made are not clearly specified. . The nature and amount of this investment became clear as a result of the additions made to the board decision a year ago, which came into force in 2017. In 2018, by Presidential Decree, previously determined investment amounts were reduced and application conditions were simplified. Finally, in 2018, the way for foreigners to acquire Turkish citizenship by purchasing real estate worth at least 250,000 USD (American Dollars) was opened.
A-) Conditions for Acquiring Turkish Citizenship through Investment
With the amendment numbered 418 made on 07.12.2018 with the decision numbered 106 of the Presidency, published in the Official Gazette on 19.09.2018, foreigners will be able to acquire Turkish citizenship if they meet at least one of the following conditions.
1-) Turkish Citizenship with Fixed Capital Investment
It is necessary to make a minimum capital investment of 500,000 USD (American Dollar) or its equivalent in another foreign currency or Turkish Lira. This amount, which was previously 2,000,000 USD (American Dollars), was reduced to 500,000 after the change. The capital investment made must be determined through the Ministry of Industry and Technology.
2-) Turkish Citizenship by Purchasing Real Estate
It is necessary to register a real estate with a minimum value of 250,000 USD (American Dollar) or a different foreign currency or Turkish Lira equivalent in the land registry, provided that an annotation is placed that it cannot be sold for a minimum of 3 years. The foreign person has purchased or established a condominium or floor easement and the property cannot be transferred or abandoned for 3 (three) years after the cash payment of at least 250,000 USD (American Dollars) or a different foreign currency or Turkish Lira equivalent is stated in the contract to be drawn up at the notary. must be committed, and its annotation in the land registry must be determined by the Ministry of Environment and Urbanization.
3-) Turkish Citizenship with Employment Creation
It is necessary to create employment for a minimum of 50 people (reduced from 100 to 50 with the last law change). Employment must be determined by the Ministry of Family, Labor & Social Services.
4-) Turkish Citizenship by Depositing to Banks
It is necessary to deposit a minimum deposit of 500,000 USD (American Dollar) or a different foreign currency or Turkish Lira equivalent to banks operating in the Republic of Turkey, provided that it is kept for a minimum of three (3) years. The transaction must be determined by the Banking Regulation and Supervision Agency.

5-) Turkish Citizenship with Government Debt Instruments
It is necessary to purchase a government debt instrument worth a minimum of 500,000 USD (American Dollar) or a different foreign currency or Turkish Lira equivalent, provided that it is kept for a minimum of three (3) years. The transaction must be determined by the Ministry of Treasury and Finance.
6-) Turkish Citizenship with Investment Fund Participation Fee
It is necessary to purchase a venture capital investment fund participation share or real estate investment fund participation share of a minimum of 500,000 USD (US Dollar) or a different foreign currency or Turkish Lira equivalent, provided that it is kept for a minimum of three (3) years. The transaction must be determined by the Capital Markets Board.
In determining all monetary values mentioned above, the CBRT (Central Bank of the Republic of Turkey) selling rate or cross rate on the date of determination is taken as basis.
B-) Process of Acquiring Turkish Citizenship through Investment
The process of acquiring Turkish citizenship through investment method should proceed through the following 3 stages:
B1) Fulfillment of at least one of the investment conditions specified in Article 20 of the relevant regulation and obtaining a Certificate of Compliance from the relevant institution.
B2) Obtaining a Turkey Short-Term Residence Permit in accordance with Law No. 6458, Article 31, first paragraph, clause J.
B3) Application for Turkish citizenship through investment.
You can review the procedures, principles and necessary documents for the 3-stage process to be followed in detail in the rest of the article.
1-) Turkish Citizenship with Fixed Capital Investment
Procedures and Principles
• Fixed capital investment should include investment elements such as buildings, land, equipment and machinery for the production of services and goods. Purchasing real estate alone does not give rise to the right to apply for citizenship in this context, but expenses incurred for the purchase of real estate are considered as part of the investment.
• If a foreign investor who wants to apply for Turkish citizenship through investment purchases a non-public company completely or becomes a partner to a certain extent, the amount corresponding to the share purchased must be at least 500,000 USD (American Dollar) or a different foreign currency or Turkish Lira. It must be equivalent amount. In this case, the applicant may also be asked to submit a company value report obtained from the authorized institutions regarding the market value determination of the partnered or purchased company.
• In case of an additional investment to a previously made investment, the increase in the investment amount and the foreign person's partnership share in the company from the date the additional investment begins are taken into account. To explain in detail, if the foreign investor is a partner in the company to a certain extent, the proportion corresponding to the partnership share is multiplied by the additional investment amount. The resulting amount must be a minimum of 500,000 USD (American Dollar) or its equivalent in another foreign currency or Turkish Lira.
• Investments made before January 12, 2017 do not give rise to the right to apply for citizenship.
• For applications made after January 12, 2017, 3 years' retrospective expenditure will be taken into account when calculating capital investment.
• Foreign person(s) who are entitled to citizenship through capital investment cannot transfer their company shares to another legal entity or real person for a minimum of 3 years.

2-) Turkish Citizenship by Purchasing Real Estate
Before the change made by the Presidential Decree published in the Official Gazette dated December 7, 2018, foreigners could only purchase real estate that was given condominium ownership and completed. With the changes made, foreign persons can apply for Turkish citizenship by purchasing from ongoing projects, provided that they meet the following conditions:
• A floor easement or condominium must be established on the real estate.
• A minimum of 250,000 American Dollars (USD) or equivalent foreign currency or Turkish Lira (TL) must be deposited in cash.
• A notary-approved promise of sale contract regarding the real estate must be made and this contract must be annotated in the land registry with a commitment that the title deed cannot be abandoned or transferred to a third party for 3 (three) years.
In order to better understand the change mentioned above, it would be appropriate to explain the concepts of "condominium" and "floor easement" in Turkish Law:
•    Condominium; It is the property right established for buildings whose construction has been completed and whose occupancy certificate has been obtained.
• Floor easement; It is defined as the property right of a building whose construction has not yet been completed. Floor easement depends on the land share and is converted into condominium ownership in accordance with the conditions based on the building occupancy permit issued for the entire building.
Settlement and Condominium Ownership...
Following the completion of the building for which there is a floor easement, the contractor applies to the relevant municipality for a project suitability inspection. Relevant units in the municipality examine the construction and check its compliance with the approved project. As a result of the inspection, if the construction is completed in compliance with the project, the municipality issues a 'Building Permit Certificate', or as it is known, 'occupancy' for the building.
In this context, there are some disadvantages of buying a property with floor easement. After obtaining the title deeds with floor easement, the building may be completed by the contractor contrary to the project approved by the relevant municipality. In such a case, the building constructed in violation of the approved project may be demolished by the municipality or governorship with the decision of the municipality or provincial administrative board, or it may cause consequences such as other rights holders taking a decision to demolish the house for different reasons. However, when giving housing loans to their customers, banks require that flats with floor easement have a building permit. For these reasons, buying an uninhabited house always carries some risk, even if the flat is built in accordance with the project. In light of all these explanations, the condominium title deed is a more solid basis from a legal perspective, therefore, it is necessary to examine all potential risks before purchasing a property.

Procedures and Principles
The procedures and principles regarding the purchase of real estate have been determined by circulars published over time by the Directorate of Land Registry and Cadastre, the Department of Foreign Affairs and the Ministry of Environment and Urbanization. In this context, you can review the current procedures and principles dated 2019 applied in land registry offices below:
Legal Basis
Three changes were made to the regulation between 2017 and 2018, accordingly:

• The value of real estate purchased between January 2017 and September 2019 must be a minimum of 1,000,000 USD (American Dollars).
• The value of real estate purchased after September 2019 must be a minimum of 250,000 USD (American Dollars).
Legal Limitations
Turkey has given permission to purchase real estate for citizens of 183 countries, provided that they comply with the legal limits stated below:
• Foreign persons can acquire real estate up to ten percent of the district's surface area. If deemed necessary, the Council of Ministers is authorized to double this limit.
• A foreign person can purchase a maximum of 30 hectares (300,000 square meters) of real estate throughout the country. If deemed necessary, the Council of Ministers is authorized to double this limit.
• The real estate in question must not be located in military or restricted areas.
Nature of the Real Estate
• Foreign persons can acquire all kinds of real estate within the Republic of Turkey, such as residences, land, workplaces and fields, provided that they comply with the above legal limits. However, if land or field is purchased, they must submit their projects to the relevant ministry for approval within 2 years. (Provincial Directorate of Agriculture and municipality).
• Promise of sale contracts to be drawn up in a notary public are only possible for immovable properties where floor easement and condominium ownership have been established.
• The real estate to be purchased must not be registered in the land registry in the name of a foreign person or a company legal entity in which the foreign real person is a partner.
Number of Real Estate
There is no limit on the number of properties to be purchased. If a foreign person purchases more than one real estate at the same time or at different times, the total value must be at least 250,000 USD. In addition, all real estate must have a clause stating that it cannot be sold for at least three years.
Valuation of Real Estate
When determining the value of purchased real estate, the three value types listed below are calculated separately. It must meet the regulation value of 1,000,000 USD (US Dollars) or 250,000 USD (US Dollars).
• Total values in the valuation report
• The sum of the sales price declared in the official deed and / or the values specified in the sales promise.
• The total of payments on the bank receipt showing the transfers of fees.
Before purchasing real estate, a real estate valuation report showing the market value of the real estate must be prepared by real estate appraisal institutions authorized by CMB (Capital Markets Board) and BRSA (Banking Regulation and Supervision Board). The issue date of the report submitted during the application can be up to 3 months before the application date. The report in question will be considered valid until the transaction is completed. If a valuation report was not obtained before the purchase, a valuation report based on the purchase date of the real estate is requested. It is not necessary that the note and report value be completely compatible. It is sufficient that both of them separately provide a value of 250,000 USD (American Dollars). If a newly completed real estate is purchased, the report must calculate and find the finished value of the building.

Making the Payment
With the circular dated 2018, it became mandatory to submit the receipt for the transactions made. For this reason, the sales transaction must be carried out through banks. A bank-approved receipt showing that the relevant amount has been deposited into the seller's account by the buyer is submitted during the application. The date of the receipt may also be after the sales date in the sales transaction. However, in the case of a sales promise, the date of the receipt must be before the notary issuance of the contract or at the latest on the contract day. The receipt for the payment made after the notary arrangement is invalid as it cannot be considered as an advance payment.
Determination of Exchange Rates
• Bank Receipt Rate: If the price of the real estate is paid in Turkish Lira, the effective sales rate of the CBRT (Central Bank of the Republic of Turkey) of the last business day before each payment day is taken as basis in calculating the value of the bank receipt in USD (American Dollars).
• Official Note Rate: In calculating the official note value or the USD (American Dollar) equivalent of the Turkish Lira value specified in the sales contract, the CBRT (Central Bank of the Republic of Turkey) is the business day (last business day) before the sales transaction application is made or the sales promise contract is drawn up at the notary. ) is based on the effective sales rate. If more than one receipt for different dates is presented, exchange rate differences may occur. In this case, the American Dollar (USD) equivalent of the Turkish Lira (TL) value determined in the sales contract is calculated based on the CBRT (Central Bank of the Republic of Turkey) effective sales rate of the last business day before payment. The sum of these values should not be less than the amount required by the regulation (1,000,000 or 250,000 USD).
• Valuation Report Rate: In this report, in calculating the Turkish Lira (TL) value of the real estate in American Dollars (USD), the CBRT (Central Bank of the Republic of Turkey) effective sales rate of the business day before the report date (last business day) is taken as basis. If the real estate valuation report is prepared after the sale transaction, the effective sales rate of the CBRT (Central Bank of the Republic of Turkey) of the previous business day (last business day) of the application for the sale transaction is taken as basis.
Mortgage and Foreclosure
In the promise of sale or sales transaction, it is possible to sell with a lien or with an existing mortgage. If the real estate is acquired through a mortgage / sale transaction, in determining the value, the remaining amount after deducting the loan amounts from the sales price is required to be at least the amount required by the regulation.
Installment Sales
With the new regulations, if the real estate was purchased after 2018 and the installments will be paid after this date, purchasing in installments has become possible. Installment payments made before 2018 will not be taken into account. The value of the installments in USD (American Dollar) is calculated based on the effective sales rate of the Central Bank of the Republic of Turkey (CBRT) on the date of the transaction.
Procedure for Imposing a Non-Sellable Annotation for Three Years
The registry of the real estate subject to the sale and/or promise of sale transaction; It is stated that "within the scope of Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law, there is a commitment that it will not be sold for 3 years from the date of annotation and/or the promise of sale contract will not be transferred or canceled for 3 years from the date of annotation."

3-) Turkish Citizenship with Employment Creation
All applications are evaluated by the General Directorate of International Labor Force of the Ministry of Family, Labor and Social Services. Applications that do not have any missing information will be finalized within 7 (seven) business days. In applications made with incomplete information and documents, the applicant is given 30 (thirty) days to complete the deficiency. Applications whose deficiencies are not corrected within this period will be rejected. As a result of the evaluations, the results of the applications for foreigners who are determined to meet the necessary conditions are notified to the Ministry of Internal Affairs and the applicant.
4-) Turkish Citizenship by Depositing to Banks
Procedures and Principles
On the official website of BRSA (Banking Regulation and Supervision Agency), the principles and procedures have been determined in the form of answers to frequently asked questions on this subject. You can review a brief summary of the principles and procedures determined within the scope of frequently asked questions in the section below:
• Foreign persons are required to deposit a deposit or participation fund of a minimum of 500,000 USD (American Dollars) or the equivalent foreign currency or TL (Turkish Lira) to any bank operating in Turkey, provided that they are kept for 3 (three) years. It is sufficient that this amount be convertible (freely convertible into foreign currency) (such as convertible currencies, precious metals, etc. specified by the Central Bank of the Republic of Turkey) and be the equivalent of 500,000 USD (American Dollars).
• There is no requirement for the foreign investor to deposit the said amount by opening an account in a single bank operating in Turkey. It is possible to apply for Turkish citizenship if it is determined that the total deposit amount in different accounts opened with banks operating in Turkey is 500,000 USD (American Dollars), provided that it is blocked for 3 (three) years as a basis for the citizenship application.
Turkish Citizenship with Deposit...
• It is essential that the amount in question be deposited in a bank established within the Republic of Turkey. Accordingly, it is not possible for amounts deposited to a foreign branch, subsidiary or representative office of a bank operating in Turkey to be accepted as a basis for citizenship application.
• In accounts opened jointly in a bank operating within the Republic of Turkey (e.g. an account opened together with the foreigner's spouse), if the partner other than the person applying for citizenship has express consent that the account will not be withdrawn from the bank or reduced for 3 (three) years, the joint account It is possible to apply for citizenship via .

• The amount to be deposited in the bank can be converted into another convertible exchange rate equivalent to 500,000 USD (American Dollar) or into TL (Turkish Lira) within a period of 3 (three) years, upon the request of the investor. However, it is also possible to convert it into another type of investment regulated in other provisions of the regulation. However, in case of conversion to another type of investment, this must be done in a way that does not disrupt the continuation and provision of the 3 (three) year process. The other type of investment must be notified to the ministry (Ministry of Internal Affairs) by the relevant institution without causing any interruption. Otherwise, the Banking Regulation and Supervision Agency (BRSA) will immediately notify the Ministry of Internal Affairs of the interruption that will occur.
Citizenship by Depositing...
• It is possible to benefit from dividends, interest and similar returns arising from this participation fund or deposit, provided that the amount in the account does not fall below 500,000 USD (American Dollars) within a 3 (three) year period, depending on the contract signed with the relevant bank and the type of account opened.
• If a currency other than USD (US Dollar) is deposited to banks, the USD (US Dollar) equivalent on the date the account is opened is determined and the amount is expected to remain the same amount for 3 (three) years. Therefore, any differences that may occur in the exchange rate during the 3 (three) year period will not be taken into account.
• Money deposited to banks for citizenship purposes is blocked by banks in line with the requests of individuals, but it is always possible to withdraw these amounts. In case of withdrawal or decrease of the amount in the account used as the basis for the Turkish citizenship application, or information about all kinds of legal restrictions, including (but not limited to) pledges, liens, measures that will prevent the use of the amount on the account or prevent its decrease, the relevant bank will immediately inform the Banking Regulation and Supervision. It is reported to the Institution (BRSA). This situation is immediately notified by the Banking Regulation and Supervision Agency (BDDK) to the ministry (Ministry of Internal Affairs), the Population and Citizenship Affairs Directorate and the Directorate of Immigration Management, and the citizenship acquisition process is terminated and, if Turkish citizenship has been acquired, it is cancelled. In a new Turkish citizenship application to be made in the period following this situation, the time spent for the previous application is not taken into account and the 3-year period starts from the beginning.
5-) Turkish Citizenship with Government Debt Instruments
The debt instruments market aims to enable investors to convert into cash at any time by determining the prices at which they will invest in fixed-income securities in a market competitive environment. There are 9 types of debt instruments in total:
1. CBRT (Central Bank of the Republic of Turkey) Liquidity Notes
2. Government Domestic Debt Securities
3. Income Indexed Securities
4. Income Partnership Certificates
5. Financial Bills
6. Private Sector Bonds
7. Bank Bills
8. Asset and Mortgage Backed Securities
9. Asset and Mortgage-Backed Securities

Procedures and Principles
There is no circular published by the Ministry of Treasury and Finance. However, in accordance with paragraph (d) of Article 20 of the relevant regulation, a foreign investor who holds the above-mentioned government debt instruments worth at least 500,000 USD (American Dollars) will be entitled to apply for Turkish citizenship. In order for the investor to be entitled to Turkish citizenship within the framework of the said regulation, he/she must hold the relevant participation shares uninterruptedly for 3 (three) years from the date on which the minimum amount investment requirement is met.
6-) Turkish Citizenship with Investment Fund Participation Fee
Procedures and Principles
On the website of CMB (Capital Markets Board), the principles and procedures are determined as follows:
• The minimum investment requirement for GYF (Real Estate Investment Fund) or GSYF (Venture Capital Investment Fund) participation shares is 500,000 USD (American Dollar) or equivalent foreign currency or equivalent TL (Turkish Lira) on the date when the participation shares are transferred to the investor's account ( If the purchase is not made in one go, the date of each purchase; if the purchase is made in one go, the date of this purchase) is calculated using the USD (American Dollar) selling rate or cross exchange rate announced by the Central Bank of the Republic of Turkey (CBRT).
• In order for the investor to be entitled to Turkish citizenship within the framework of the regulation, the investor must have the relevant participation shares continuously for 3 (three) years from the date on which the minimum investment requirement is met, and in this context, the participation shares must not be reduced by the will of the investor through transactions such as transfer and sale.
• If the value of the participation shares falls below 500,000 USD (American Dollars) as a result of the change in the exchange rate, it will not affect the application for acquiring Turkish citizenship.
Citizenship with Fund Participation Fee...
• Decrease in the number or value of participation certificates of GIF (Real Estate Investment Fund) or GSYF (Venture Capital Investment Fund) beyond the will of the investors (refund of cash dividends or participation shares or liquidation in accordance with the provisions contained in the fund's internal regulations and issue document In case of such transactions), the minimum investment requirement is not considered lost.
• If it is determined by the MKK (Central Registry Agency) that the foreign national applicant for citizenship meets the required minimum amount and scope, this situation is notified to the CMB (Capital Markets Board) within 3 (three) business days.
• Seizure, right in rem, reserve on GYF (Real Estate Investment Fund) or GSYF (Venture Capital Investment Fund) participation shares within the 3 (three) year period to be taken into consideration in exceptional Turkish citizenship applications to be made within the scope of subparagraph (e) of the second paragraph of Article 20 of the Regulation. If there is a precautionary or provisional lien or any restriction that may limit the ownership right of the participation shares, it is considered that the condition of "purchase with the condition of holding for 3 years" sought in the regulation is not met.
• Investor persons who are found to have a decrease in the account balance due to transfer and sale, or a lien, real right, precautionary lien, provisional injunction or any restriction that may limit the property right on the participation shares, during the weekly checks to be carried out by MKK (Central Registration Agency) 3 (three) It is notified to CMB (Capital Markets Board) within business days. Thereupon, the necessary notifications are made immediately by the CMB (Capital Markets Board) to the Directorate of Immigration Management, the Directorate of Population and Citizenship Affairs and the applicant.

The foreign investor, within 2 (two) business days from the date on which the required documents are submitted to the CMB (Capital Markets Board) in full, will be registered by the Capital Markets Board as the foreign investor's GYF (Real Estate Investment Fund) or GSYF (Venture Capital Investment Fund) from the Central Registry Agency. Fund) information is requested as to whether the participation fee meets the conditions required in the regulation. If it is determined by the Central Registry Agency that the applicant foreigner meets the minimum amount and scope required by the regulation, this situation is notified to the Capital Markets Board within 3 (three) business days. Upon the letter received from the Central Registry Agency, the "Certificate of Compliance" is issued by the Capital Markets Board within 2 (two) business days.

B2) Obtaining a Türkiye Short-Term Residence Permit
Application Principles
A foreign person who will apply for Turkish citizenship by investment must first obtain a short-term residence permit in Turkey in accordance with the first paragraph (j) of Article 31 of Law No. 6458. In general, in order for a foreigner to apply for a short-term residence permit in Turkey, he must enter our country with a valid visa, e-visa or visa exemption. Following the foreign person's legal entry into our country by taking advantage of a visa, e-visa or visa exemption, the foreign person who wants to extend his stay in Turkey must apply for a Turkey short-term residence permit online. In many big cities (such as Istanbul, Izmir, Ankara), the waiting time for the appointment and interview date in the normal Turkish short-term residence permit application process is quite long (between 8 and 24 weeks). However, applications for the special Turkey residence permit type issued for the acquisition of Turkish citizenship through investment are finalized within 1 to 10 days after the date of online application.
Application processes are followed by Private Citizenship Information Offices located in Ankara and Istanbul. If the foreign person issues a special power of attorney to make the relevant application, the applications can be finalized remotely with the power of attorney, without requiring the foreign person to enter Turkey.
Turkey short-term residence permits to be issued in accordance with the first paragraph (j) of Article 31 of Law No. 6458 can be issued for up to 5 (five) years, but generally an application is made for a period of 1 (one) year and a residence permit of 1 (one) year is arranged. This period is based on the validity period of the foreigner's passport and the validity period of the private health insurance policy he/she procures. Turkey residence permit cards are sent by post to the address provided by the applicant during the online application within 2 to 4 weeks after the application process is completed.
B3) Application for Turkish Citizenship by Investment
Procedures and Principles
The foreign investor, who has received the certificate of conformity from the relevant institution according to the type of investment made and has completed the application for a short-term residence permit in Turkey in accordance with paragraph (j) of Article 31/1 of Law No. 6458, can obtain Turkish citizenship at the offices of the Immigration Administration in Ankara and Istanbul with the documents specified below. can complete the application process.

However, it is possible for a foreign person who has applied to acquire Turkish citizenship through investment to apply on behalf of his or her family members (spouse and children under the age of 18). In this case, family members of the applicant foreigner are not required to apply for a short-term residence permit in Turkey or make an additional investment. Other family members can benefit from the Turkish citizenship application only with additional documents (passport, identity documents, civil status certificate, birth certificate, photograph, etc.).
Concluding
A commission is formed by the relevant ministries, and the citizenship applications of foreigners are evaluated and submitted to the Presidency for approval. The final decision is made by the President.
Obtaining the eligibility certificate, short-term residence permit application in Turkey, receiving the residence permit card and submitting the documents and information required for the Turkish citizenship application can be completed remotely with a special power of attorney, without the need for the foreigner to enter the country. However, at the final stage of the application, the applicant and the first-degree family members on whose behalf the application is made (spouse and children under the age of 18) must go to the nearest civil registry office, give their fingerprints and be present to receive their Turkish citizen IDs or passports.
There are no official regulations on the length of application processes. Turkey short-term residence permit applications are generally concluded within 2 (two) - 3 (three) weeks. Turkish citizenship applications are finalized within 4 (four) - 8 (eight) months.
Although the process of acquiring citizenship through investment has been simplified in the Republic of Turkey, it is important that the application is made correctly and completely. It is of great importance that the process is followed completely and accurately. Any mistake made during the application process or a deficiency in the documents will result in the rejection of the citizenship application. Or it may cause the application process to be extended unnecessarily.
As Mehran Tercümanlık Danışmanlık, we provide consultancy and follow-up services regarding the entire process regarding capital investment, real estate purchase, employment creation and gaining the right to apply for Turkish citizenship through deposits, funds and debt instruments. For your Turkish citizenship transactions through investment, you can reach us at Head Office: 0212 909 87 25 Office: 0850 762 93 44 Mobile Phone: 0544 105 93 44 Mobile Phone: 0537 991 93 44 or our other contact information.

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