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Legalixa is an award-winning immigration law firm in Istanbul, Turkey with an exceptional success rate in almost every legal matter we have ever handled. Our Turkish citizenship lawyers are ready to inform you about 2022 citizenship laws in Turkey with investment.
We have in-depth information regarding how to prepare legal documents such as birth certificates and marriage licenses in each country. We also have signed collaboration agreements with immigration agencies in the US and other countries around the world.
Our Turkish citizenship lawyers represent our clients from the application at Istanbul Immigration Office until they get their Turkish Passport. Our Turkish immigration lawyers also represent our clients in other immigration law issues including; extending resident and work permits, applying for Turkish citizenship, and filing a lawsuit to cancel any objections.
2022 Citizenship Laws in Turkey & Regulations
Turkish Citizenship Laws by Property
Recently, one of the exceptional ways based on purchasing real estate with a minimum value of $250,000 increased to $400,000. According to new regulations, foreigners can become Turkish citizens, if they own property worth 400,000 US Dollars for three years.
Turkish Citizenship Laws for Property Purchase
We do perform legal services for property purchase and management for foreign clients. Our services include preparation, legal help, and representation regarding the sale or purchase of a real estate property in Turkey.
An English-speaking attorney will prepare your purchase and sale agreement to buy or sell an off-plan or second-hand house or apartment in Turkey. Our lawyer will advise you of any potential pitfalls, recommend specific changes that would benefit you, discuss or negotiate these concerns and changes with the other party, and accompany you to the Title Deed Office to close the transaction.
Nowadays, there is a huge demand for USD 400,000 valued real estate purchases to apply for Turkish citizenship by property. Our attorneys will help with real estate purchases until you get Turkish citizenship.
2022 Citizenship Laws in Turkey by Bank Deposit
Our Turkish citizenship lawyers are prepared to assist you in opening a bank account at a Turkish bank to deposit 500,000 USD to apply for Turkish Citizenship by bank deposit.
We do perform Turkish citizenship by bank deposit options. We have extensive experience in immigration law in Turkey and we have obtained more than 560 passports currently, we have 60+ pending applications.
We have successfully represented clients from Iran, Palestine, Jordan, Lebanon, Morocco, Egypt, Tunis, Pakistan, Bangladesh, Hong Kong, Macao, China (we obtained more than 100 passports for Chinese), Djibouti, India, Russia, France, Romania, Algeria, Saint Kitts and Nevis, South Africa, South Korea, Vanuatu, and the USA and we know how to get required paperwork done in each country.
2022 Citizenship Laws in Turkey & Legal Grounds
Turkish Citizenship Law’s Article 12 allows foreign investors to acquire Turkish citizenship in exceptional terms; with 18.09.2018 dated 106 numbered Presidential Decree, amendatory new arrangements have been made regarding the amounts mentioned in Article 20 of the Regulation on the Implementation of the aforementioned Law.
In line with the recent regulatory amendments, foreigners who satisfy at least one (1) of the below criteria will be granted citizenship subject to the approval of the Council of Ministers:
- Purchase of a real estate property in Turkey with a minimum value of $400,000,
- A fixed capital investment of a minimum of $500,000 in a Turkish corporate entity
- Generate employment for at least 50 individuals in Turkey
- Deposit a minimum of $500,000 to banks that operate in Turkey
- Purchase a minimum of $500,000 public borrowing vehicles from Turkey
- Purchase a minimum of $500,000 of Turkish real estate participation fund shares
2022 Citizenship Laws in Turkey by Bank Deposit
The second most common way to apply for Turkish citizenship by investment is to deposit 500,000 USD in a Turkish bank account. Our Turkish citizenship lawyers will assist you to open a bank account in your presence. We generally open bank accounts with a Power of Attorney (PoA) given to us by our clients. Some of our clients give us PoA in their own country either at the Turkish Embassy or local notary and apostille.
A PoA can be given in a way called double legalization in some countries like China. In this way, a PoA is prepared by a local notary and attested by the Foreign Ministry of that country and after that, it is attested by the Turkish Embassy.
Once your funds are transferred into your Turkish bank account or you can deposit money in cash as well. Your money must be converted to Turkish Lira (TL) and can be invested in TL interest-bearing accounts or Turkish Government Bonds for 3 years.
It used to be possible to keep your investment in foreign currency but it was changed recently. Please review the Presidential Decree showing the change. We assist you to open a newly introduced bank account called “Yuvam” and you can get dollar protection plus a %8 yield on your investment for 2 years.
In order to be eligible for Turkish citizenship by investment, one must invest at least 500.000 US Dollars converted into Turkish Lira and make a commitment to hold the funds for three years at banks operating in Turkey.
Reach us for 2022 Citizenship Laws in Turkey
Since its foundation in 1992, Legalixa Turkish Citizenship Laws Firm has been the choice of numerous clients in Istanbul, Turkey. Thanks to its nationally recognized immigration law practice, our firm is now one of the leading Turkish citizenship firms in Istanbul, Turkey.