- January 11, 2022
- Posted by: admin
- Category: Blog
As it is well known Turkish Citizenship by Investment getting very popular nowadays among the investors. Therefore, the law change on Turkish Citizenship by investment is an interesting and important heading. Recently, there is a minor change on the regulation. In this post we will clarify what is changed. Additionally, if you can reach us for further questions we will be happy to answer your questions with this regard.
How Changed Law on Turkish Citizenship by Investment Affect the Process?
Turkish Citizenship by investment mainly has two options. One of them, Turkish Citizenship by property investment. The other option is Turkish Citizenship by 500.00 USD bank deposit. According to new regulation such amounts shall be sold to Turkish Central Bank to buy Turkish Lira. For the sake of clarity, an investor wishes to buy a house for Turkish Citizenship at first he or she shall deposit the USD or other currency to the bank. Secondly, the relevant bank shall sell this amount to Turkish Central Bank to buy Turkish Lira. The similar procedure shall be followed for the deposit of 500.000 USD for Turkish Citizenship by investment.
When New Law on Turkish Citizenship by Investment Will be Effective ?
The law has been published on 6th of January 2022. However, the general practice in Turkey that an explanatory directive are published for new regulations. The explanatory directives on the relevant law has not been published yet.
How Can I get Turkish Citizenship by Investment?
You can find numerous information on our web page for the acquisition of Turkish Citizenship by Property Investment. To recap such process you can find the relevant information below;
- An investor can gain Turkish Citizenship by Investment approximately in 4 months.
- To obtain Turkish citizenship mainly a bank deposit of 500.000 USD or 250.000 USD property investment required.
- The family members including the spouse and the kids below 18 years old can be added to the programme.
- Unfortunately, parents cannot be added to the programme.
- You shall keep the investment amount for at least three years.
- Such non withdrawal period is not to sell the property for 3 years
- Also, not to withdraw the 500.000 amount for 3 years.
How to Start the Process for Turkish Citizenship by Investment ?
In order to have a good and successful process we advise you to work with a competent lawyer for Turkish Citizenship by investment. Since there are several components which affects the success of the process. Such as required documents, evaluation of the property, contacting relevant authorities and doing all those in a timely manner.
The first thing to do is selecting the right property method for you.Secondly, if your option is property investment selecting the correct and profitable property for your process. Finally, in co operation with the consulting conducting the applications for Turkish Citizenship by Investment.
In this article we mentioned about the The Law Change on Turkish Citizenship by Investment also we reminded the important elements for the applications.