It is known - after amendments to the regulations that came into effect on September 19, 2018 - that the Turkish government reduced the minimum investment required for foreigners to obtain Turkish citizenship. The ceilings of the various types of investment for citizenship have fallen to one-fourth or one-sixth of the previous minimums.
According to these regulations, five types of investment have been identified for foreign investors, who wish to obtain Turkish citizenship through investment. For general information on this matter, you can review our other article on the Al-Jazeera Net website.
Of these five types of investment, only two have so far become popular: A - real estate investments. B- Depositing money in a Turkish bank. It was rare to see foreign investors using the other three options:
1- Recruitment of 50 Turkish citizens in a facility.
2- Purchase of government bonds.
3- A fixed capital investment of not less than 500,000 USD (five hundred thousand).
Because options 1 and 2 are very clear, we will focus on providing an explanation of the third option (3) in this article. Although this method can be a very preferred and profitable option for some foreign investors, its terms are not known by them, and there is not a lot of information that talks about this option.
| " Making fixed capital investment often means one of two things: either setting up a company in Turkey, or buying a stake in a Turkish company. If the amount of fixed and paid-up capital for a newly established company by a foreign investor, or the investor’s stake in another company is $ 500,000 as a minimum, this will open the way for Turkish citizenship to be requested. " |
Making a fixed capital investment mostly means one of two things: either setting up a company in Turkey, or buying a stake in a Turkish company. If the amount of fixed and paid-up capital for a newly established company by a foreign investor, or the investor's stake in another company is $ 500,000 as a minimum, this will open the way for Turkish citizenship.
In addition to some paperwork specified in the application document, the only thing the investor must do is provide: A- Official documents proving the size of his stake. B- The value assessment report prepared by an accredited accountant in Turkey. C- The document clarifying the transfer of funds for capital investment.
After the application is completed, its data and the actual presence of the documents and the company in question are verified by the relevant ministry, and the requests are only successful after confirming that.
It should be noted that the investment in capital must be limited to three years. Likewise, the application will only be accepted for investments made after September 19, 2018. If the foreign investor has already acquired some stake in a company but has increased / increased its share by adding capital after September 19, 2018, the added amount will be calculated after the date Mentioned only.
Last but not least; if the Turkish authorities discover that the applicant has obtained Turkish citizenship through a fixed capital investment but with false or misleading documents, these authorities reserve the right to revoke the citizenship. Therefore, foreign investors are strongly recommended to work with a lawyer from the beginning of the process, in order to ensure that there is no problem with the documentation provided during the application process.