Flexible and new requirement for foreigners to acquire Turkish citizenship came into force in the Turkish Parliament. According to the agreement published on 19.09.2018 on Turkish Offical Gazette, the conditions for foreign investors to acquire Turkish citizenship were changed. Istanbul Homes help you that professional service throughout the all citizenship process in Turkey.
Information & FAQ about Turkish Citizenship by Fund Investment
- Minimum investment worth of 500.000 USD via banks (Halkbank, İş Bank, Akbank or QNB Finansbank)
- Capital Markets Board Of Turkey licensed funds
- In 2017 average performance: %32
- Your money and title deeds are under the control of the custodian
- Ernst and Young Company audits to funds
Question: How to obtain Turkish citizenship and how does citizenship process work?
Answer: When purchased the real estate investment fund (REIF) valued above 500.000 USD, you may apply to the bank (Halkbank, İş Bank, Akbank or QNB Finansbank). This is the shortest way to get Turkish citizenship. After the application, This form sends to the Capital Markets Board Of Turkey. As Istanbul Homes, we receive from the bank "Approval Document for Citizenship" which is necessary for citizenship application fund investment. Lastly, the application is sent to General Directorate of Population and Citizenship Affairs and you are invited for signature.
Q: What are the documents that you need to get Turkish citizenship?
A: After obtaining fund with us, Istanbul Homes team helps you to supply all needed documents.
Q: Should I need to purchase just one fund above 500.000 USD or can it be multiple funds or bank deposit?
A: You may acquire various funds and put some portion of money into bank deposit with a total value of more than 500.000 USD. But bear in mind, you need to apply at the same time for all. If the values are above 500.000 USD, the Turkish Government accepts citizenship applications.
Q: What is 'three years' rule?
A: Keep in mind you will not sell your investment for up to 3 years. Though you are able to get your interest, profit or dividends.
Q: How long does process take up the time?
A: If all the required documents are complete for Turkish citizenship application, it takes time between 2 and 4 months.
Q: Should I purchase a commercial fund with rental income guarantee? Does this allow me to obtain citizenship by investment?
A: Yes, you can invest in any type of fund. (land fund, house fund or commercial fund)
Q: Can more than one person benefit from a fund?
A: You, your wife or husband and your children under the age of 18 benefits from a fund.
Q: How much does Istanbul Homes demand for process follow-up service fee?
A: As Istanbul Homes, we are experienced about citizenship by real estate investment which is the most popular way to acquire citizenship. Istanbul Homes help you from selecting the best option profitable funds until you receive Turkish passports. We demand 2.500 USD + VAT as a service fee.