Turkish Citizenship & Residency By Investment And Qualifying For The US E2 VisaWhat is Turkish Citizenship by Investment and Residency by Investment?Benefits of Turkish CitizenshipTurkish citizenship by investmentWhy make Davies & Associates Your Turkish Citizenship Lawyers
What is Turkish Citizenship by Investment and Residency by Investment?
The Turkish Citizenship by Investment (“CBI”) program allows non-Turkish Citizens to obtain Turkish Citizenship by making a qualified investment in as little as 1-6 months.
Residency by investment does no grant applicants the right to Turkish nationality or a Turkish passport and does not qualify a successful applicant to apply for a US E2 visa which is a benefit reserved for Turkish Nationals.
Benefits of Turkish Citizenship
- STRONG PASSPORT Visa Free Access to up to 115 Countries including Hong Kong,Japan and Singapore.
- FAST PROCESSING TIMES Passport and citizenship can typically be obtained within 1 - 6 months.
- NO RESIDENCY REQUIREMENT No requirement to spend time in Turkey.
- POTENTIAL EU PASSPORT Since 2005 Turkey has been in negotiations to join the European Union.
- ACCESS TO E2 visa Turkey is an E2 Treaty Country with the United States and obtaining Turkish citizenship makes a person eligible for this visa category.
- DUAL CITIZENSHIP No requirement to give up existing citizenship.
- LOCATION Turkey sits at the crossroads of Europe and Asia. Its national airline flies to more than 300 destinations worldwide.
- MEDICAL CARE Access to free medical care for life for all included family members.
Turkish citizenship by investment
Turkey is not a “new” economic power and can be considered one of the oldest and most established economies in the world. In 2021 the World Bank reported the Turkish economy to have a GDP of USD 795 Billion. Turkish GDP is anticipated to grow to USD 1.33 Billion by 2026, placing it ahead of the Netherlands as the 18th largest economy in the world.
Given its position as a major international transport hub at the crossroads of Europe and Asia, it comes as little surprise that Turkey’s citizenship by investment program is fast becoming one of the most popular in the world. Turkey’s cost-effective program offers fast processing times and access to a strong passport and diverse economy. In addition, Turkish passport holders are eligible for the United States E2 visa, which allows a person to relocate to the United States for the purpose of owning and operating a business.
Turkey offers several quick and cost-effective pathways to citizenship. Applicants can choose between applicable programs.
|Program||Minimum Investment||Duration of Investment||Certifying Agency||Notes|
|Capital Contribution: Bank Deposit||USD 500,000||3 years||Banking Regulatory and Supervision Agency||Investor remains in full control of their funds which can be liquidated at any time.*|
|Real Estate Investment||USD 250,000||3 years (5 years - see note on Turkish Capital Gains Tax)||Ministry of Environment and Urbanization||The Turkish Government has announced real estate investment will be increased to USD 400,000.|
|Capital Contribution: Government Bond||USD 500,000||3 years||Ministry of Treasury and Finance||Purchase at least USD 500,000 in government bonds.|
|Minimum Capital Investment||USD 500,000||3 years||Ministry of Industry and Technology||Making a minimum fixed capital investment of USD 500,000 or equivalent foreign currency or Turkish lira.|
|Investment in Real Estate fund||USD 500,000||3 years||Capital Markets Board of Turkey||Invest at least USD 500,000 or equivalent foreign currency or Turkish lira into a real estate investment fund share or venture capital investment fund share.|
|Job Creation||Creation of 50 jobs in Turkish business||Ministry of Family, Labor and Social Services|
* While Turkish Citizenship is granted immediately upon making a qualifies investment or bank deposit the Turkish Government will revoke the grant of Citizenship if the qualifying investment is not maintained for three (3) years.
Applicants are able to earn rental income or interest on their investment over this period. A Turkish passport offers visa free access to more than 150 countries around the world, as well as the opportunity to engage in Turkey’s diverse economy.
The Turkish CBI Bank Deposit option is unique because it leaves the investor in full control of their investment capital with the ability to withdraw their capital at any time.
The Turkish bank deposit option involves an investor depositing USD 500,000 or more in a bank account with a major financial institution, which could be an international bank based in a foreign country, in Turkey. This bank account can be closed and the capital withdrawn by the investor at any time.
Because the bank account can be held in United States Dollars investors are also not exposed to the risk of fluctuation in the Turkish Lire.
As investors can withdraw their entire USD 500,000 interest-bearing deposit at any time the Turkish Bank Deposit option may be considered the cheapest CBI option in the world.
Arguably this option is lesser known because of the inability of agents to earn large commissions.
|Turkish Tax ID||In order to a bank account in Turkey you will find having a Turkish Tax ID to be beneficial.||Davies & Associates Istanbul (“D&A”) can assist clients to obtain a Turkish Tax ID.|
|Open a Turkish Bank Account||Opening a qualifying Turkish Bank Account requires Turkish Tax ID.|
|Obtain Certificate of Eligibility that you Qualify for Turkish CBI||Apply to the Department of Financial Consumer Relations of the Banking Regulation and Supervision Agency||Obtain the documents required for the residence permit as set out in §(j) of Article 31 of the Law 6458 D&A can assist with every step in this process and prepare the necessary applications.|
|Legal Residency||Upon making the applicable investment you can apply to the Provincial Directorate of Immigration Administration of the settlement for a residency permit. https://www.nvi.gov.tr/||Davies & Associates can assist with every step in this process and prepare the necessary applications.|
|Citizenship||Apply to the Provincial Directorate of Census and Citizenship of the settlement for naturalization as a Turkish Citizen||Expect a wait of 1-6 months. Our Turkish CBI team will monitor the process for you and take action if there is an unexpected delay.|
While investors liquidating a Turkish Real Estate Investment after three (3) year will be able retain their Turkish Citizenship investors should be aware of the Turkish Capital Gains Tax (“TCGT”) implications.
If an investor liquidates their real estate investment within five (5) years the investor may owe significant TCGT. Clients should schedule a meeting to discuss TCGT with a qualified and experienced Turkish Tax lawyer in our Istanbul office. At the time of writing many Turkish real estate assets have triple in value over the last three years BUT the Turkish Lire has halved in value, this makes TCGT especially punitive.
Based in Istanbul, Davies & Associates urkish legal team are able to assist investors to obtain liquidity after three (3) years by arranging for a secured loan against the investor’s real estate asset. After five years the asset can be sold, the loan repaid and any residual value returned to the investor.
|Turkish Tax ID||In order to purchase Turkish real estate you will need a Turkish Tax ID.||Davies & Associates Istanbul (“D&A”) can assist clients to obtain a Turkish Tax ID.|
|Open a Turkish Bank Account||Opening a Turkish Bank Account requires Turkish Tax ID.|
|Due Diligence||Conduct research on Turkish properties||Davies & Associates has a team of real estate lawyers in Istanbul who can provide independent advice and counsel.|
|Obtain Certificate of Eligibility that you Qualify for Turkish CBI||Certificate of Eligibility is obtained from the General Directorate of Land Registry and Cadaster of the Ministry of Environment and Urbanization.||Obtain the documents required for the residence permit as set out in §(j) of Article 31 of the Law 6458. Davies & Associates can assist with every step in this process and prepare the necessary applications.|
|Legal Residency||Upon making the applicable investment and applying to the Provincial Directorate of Immigration Administration of the settlement you will become a lawful resident of Turkey. https://www.nvi.gov.tr/#||Davies & Associates can assist with every step in this process and prepare the necessary applications.|
|Citizenship||Apply to the Provincial Directorate of Census and Citizenship of the settlement for naturalization as a Turkish Citizen.||Expect a wait of 1-6 months. Our Turkish CBI team will monitor the process for you and take action if there is an unexpected delay.|
While many brokers and agents push clients to the real estate investment route clients are well advised to think through their choice of citizenship carefully. Because agents generally earn no commissions or fees in Turkish Citizenship by bank deposit case this option is seldom properly explained to clients. Until recently applicants were able to make a qualifying deposit in USD deposit in a major international bank with the ability to reclaim their capital at any time, thereby avoiding foreign exchange and real estate fluctuation risks.
Our team have also assisted a number of Bangladeshi clients who have obtained Turkish Citizenship by Investment.
|Presidency of the Republic of Turkey Investment Office||https://www.invest.gov.tr/en/investmentguide/pages/acquiring-property-and-citizenship.aspx|
An additional benefit of obtaining Turkish citizenship is that it offers access to the coveted E2 Visa to the United States. The E2 Visa allows a family to live and work in the United States for the purposes of owning and operating a business or franchise. The visa is often described as “the next best thing to a Green Card” because of the range of benefits it offers, including travel flexibility and the ability for a spouse to apply for work authorization in the United States. The key to an application is to present a credible business case to the US consulate in Istanbul. Davies & Associates is strongly positioned to help our clients build a strong business plan or alternatively find a franchise business which meets with the E2 Visas program requirements.
More than half of the world’s population are ineligible for the E2 Visa, which requires your nation to have a relevant treaty with the United States. Citizens of China, Vietnam, Nigeria, South Africa, India, and many other countries are all ineligible. Yet by taking Turkish citizenship, a person or family could become eligible. Davies & Associates is one of very few law firms in the world with successful experience of helping clients from ineligible countries obtain an E2 Visa through such a two-step process.
Whether it is in Turkey or the United States, Davies & Associates and our partners are able to help you and your family thrive in your new location. From setting up a business and finding a property to advising on tax, we stay by your side long after your visas has been issued. Our Turkish partners are specialized in matters related to residencies, citizenship, setting up businesses, property investment and asset management. Our US-based team is drawn from the very top law schools and accountancy firms and they are able to help navigated the complex world of setting up a business and paying US taxes. Our team is spread across the world, we speak your language and we deliver a local service to our clients wherever they live.
US Consulate in IstanbulPoligon Mahallesi,
Sariyer Caddesi No: 75
Istinye 34460 Sariyer
Telephone:(+90) 212 335 9000
US Consulate in AnkaraAtaturk Bulvari 110
Telephone:(+90) 312 455 5555
Why make Davies & Associates Your Turkish Citizenship Lawyers
- Davies & Associates offers Turkish Citizenship by Investment services as an extension of its E2 visa Practice. The E2 visa permits the holder to move to the US with their families for the purpose of investing in and running a business. You must be a citizen of an E2 treaty country to qualify and so our “Turkey E2” package offers the option to become eligible because Turkey is an E2 visa treaty country. We maintain a 100% success rate for Turkey E2 clients.
- We offer support with each stage of the process from obtaining Turkish citizenship and obtaining the E2 visa to finding & setting up a U.S. business and later optionally transitioning to a Green Card. We also offer a Grenada E2 package as an alternative to Turkey.
5 stars and a high five! Thank you Verdie and Etta for assisting us with our change of status application. They were very professional and accommodating with all our questions and concerns throughout the process. Despite the time constraint, we pulled it off and we could not have done this without you guys! Keep up the good work!
Getting my E2 Visa was a very in-depth process that took just over a year from when I committed to it, but 8 months from when I found a business I wanted to purchase. The only reason I'm giving 4 and not 5 stars is because the timeframe was a lot longer than expected from the initial information. Aside from the timing, Verdie and his team led me through the Visa process, providing all the guidance I needed to be successful, including advising me on the RIGHT type of Visa to suit my goals. Within the process I purchased a business and the greater Davies team included lawyer Rinat who helped me put the deal together. One of the biggest parts was my Business Plan which created from my info by Ana Ortiz, who did an incredible job. The process is certainly tedious and Verdie & Christina were always there to answer my questions, provide suggestions and advice and ensure I had all the documents I needed to support my application. I appreciated their patience with my questions and their advice and in the end, the application was so thorough the interview process was quick and easy. I highly recommend Davies & Associates and look forward to working with them again when it's time to renew my Visa.
I had talked with Alex Jovy, he was very quick to respond, had a lot of useful information which I was not aware of. Took time out of his day to discuss my situation and was very helpful. They go into a lot of detail which other companies do not. Overall a great service!
I received an world-class help in how to immigrate to the USA succesfully! Alex was very open to answer my questions and is definitely a professional in what he does! Strongly recommend this firm.
We were in a hurry and Verdie and the team were highly responsive and supportive, even when we threw in some curve balls along the way. We had our visas approved without any issues and felt confident and well prepared for document submissions and the interview. I'd certainly recommend this team for an E2 visa process.
Contact Davies & Associates Offices in Istanbul
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We are known for our creative solutions that obtain "impossible" visas, we solve the most complex immigration problems for businesses, investors, individuals, and families.Turkish citizenship by investment Immigration lawyer near me
Several lawyers told me I would not be able to get a TN visa. Two weeks after contacting Davies & Associates I was working in New York, visa in hand.Individual seeking 'Impossible' TN Visa
D&A was very detail-oriented and was very thorough in what they did” L1 Visa Client. There was a lot of work on my case and worked on it 24/7 and was very patient answering all my questions.E2 Visa Client
My case felt complex but D&A managed the whole process carefully and helped me move seamlessly from one stage to the next.E2 + CBI Client
D&A was my guiding light through the entire EB5 Process.EB5 Visa Client
I would definitely be a big advocate for the rest of my life for anyone wanting to explore the Grenada Citizenship by Investment Programme leading to the E2 Visa. The most important thing is a good team behind you.. with Davies & Associates you’re in safe hands… you need someone who can give you all the support at the ground level and, again, you are well take care of by D&A. The people are really warm, very helpful and quite openminded when it comes to business… Not to mention as a passport it’s great from a travel perspective…It’s just 4/5 hours from New York.Grenada CBI + E2 Visa Client
The entire process of getting an EB5 visa is handled in a professional way by Mark Davies and his team. EB5 is a wonderful option for anyone considering moving to the United States if you have the means. I was hoping to use the H1B route for my children, but it became unreliable and so I looked to the EB5 Visa instead. It is great for anyone who has the resources. Mark gives you the first meetings himself which gives you great comfort. Both Mark and Sanjay are abundantly available and I even had the pleasure of hosting them at my house.Parent of 2 EB5 Visa Holders
I'm in a process of extending my L1 visa. I submitted a few questions regarding my case and he contacted me back almost immediately both by e-mail and telephone. Unlike other attorneys I met before, he gave me the impression of knowing from the top of his head what kind of visa I have, and what actions had to be taken to extend it. He is very thorough and clear regarding the process and what to expect in terms of timelines and issues that may arise. He is constantly in contact, so you definitely know he's working on your case.L1B Visa Holder
Mark Davies is a joy to work with. His extensive knowledge, speedy response and attentive service took away all my fears of dealing with immigration and visa applications. He is very generous with his time in explaining every step along the way and I have already and will in the future recommend him to anybody who is looking for an immigration lawyer.E2 Visa for Small Professional Business With International Offices
Davies & Associates assisted us with an immigration emergency involving my brother's fiancée who was outside the United States. They assisted us in an highly professional manner, working with the relevant US embassy, US immigration and the governments of two other countries. As a result of their efforts the individual involved is now working in the United States. While their knowledge of the law is exemplary what really distinguishes this firm and attorney Davies from any other firm we have worked with is their dedication to customer service and their unrivaled level of professionalism.Complex Fiancée Visa Need Involving Multiple International Jurisdictions
Several lawyers told me I would not be able to get a TN visa. Two weeks after contacting Davies & Associates I was working in New York, visa in hand. I have recommended this firm to several friends and colleagues, they do an excellent job every time.Individual Seeking 'Impossible' TN Visa
I was qualified as a physician in a foreign country. Being on a J1 visa I was facing having to leave the United States and return to my home country. Davies & Associates secured one of only 30 J1 visa waivers available in my State, allowing me to work for a US hospital and remain in the United States.Doctor Seeking J1 Visa Waiver
I am very satisfied with the services Mark Davies has provided me. He has a very extensive knowledge in immigration laws and has a thorough approach to any case.U Visa Applicant, A Victim of Crime
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