Overview of Turkey
Turkey is a fascinating country that offers various opportunities in terms of history, culture, nature, and economics. It is considered an attractive destination for both tourists and those seeking business opportunities.
Location and Geography: Turkey is located in the southeast of Europe and the west of Asia, spanning both the European and Asian continents. The country has coastlines along important seas such as the Mediterranean, Aegean, and Black Sea. Turkey’s geographical diversity includes mountains, beaches, valleys, and historic regions.
Economy: Turkey is recognized as a significant player in the global economy and is a member of the G20. The country’s economy includes sectors such as industry, agriculture, tourism, and services. Istanbul is considered the economic center of Turkey and serves as a major financial and commercial hub.
Population: Turkey has a young population, which supports growth in the labor market. The estimated population in 2023 is approximately 83 million.
Language: Turkish is the official and most widely spoken language in Turkey.
Capital: Ankara is the capital of Turkey, but Istanbul is better known as the country’s largest city and commercial center.
Form of Government: Turkey is governed by a unitary presidential constitutional republic. The President is the head of state and leads the government. The Turkish Grand National Assembly constitutes the legislative branch.
Culture and Tourism: Turkey is host to historical riches, unique cuisine, beautiful beaches, and natural wonders. Historic sites like Hagia Sophia and Topkapi Palace in Istanbul, the fairy chimneys of Cappadocia, and coastal regions in Muğla and Antalya are important tourist destinations in the country.
International Relations: As a NATO member, Turkey participates in international defense and security cooperation. Turkey has also applied for membership in the European Union and is considered a candidate country. Its strategic location between the Middle East and Asia plays a significant role in international relations.
Advantages of Turkish Citizenship and Passport
Turkish citizenship and passport offer a wide range of advantages that can be appealing to many people. Here are some key benefits:
Visa-Free Entry to 115 Countries: Turkish citizens can enter 115 countries visa-free or with ease, making travel more convenient for business or leisure purposes.
Ease of Relocating to the USA (E-2 Visa Program): Turkish citizens can benefit from the E-2 investor visa program to move to the United States for the purpose of starting a business or making investments. This is a significant advantage for those looking to expand their business opportunities.
No Residency Requirement: Turkish citizenship holders are not required to live in Turkey. They can be Turkish citizens remotely and live anywhere in the world.
Lifelong Citizenship: Turkish citizenship is lifelong and can be passed down to all children under the age of 18 in the same generation, fostering family ties across generations.
Free Healthcare Services: Turkish citizens can access free or low-cost healthcare services in public hospitals and health centers.
Free Education: Basic education (primary and secondary) is free for Turkish citizens. Additionally, university education is provided either free or at a low cost in state universities, making it an important advantage for young people seeking education.
Exemption from Military Service: Men who have reached the age of 21 and acquire Turkish citizenship later are exempt from mandatory military service, which is a significant advantage.
These advantages of Turkish citizenship and passport may vary depending on individual and family goals. They may not be suitable for everyone, but these benefits make Turkey an attractive destination in terms of living, business, and educational opportunities.
Acquisition of Turkish Citizenship by Exception (Turkish Citizenship by Investment)
In accordance with Article 12 of the Turkish Citizenship Law No. 5901
(Last Amendment Date: 13.06.2022)
-To have made a Fixed Capital Investment of at least 500,000 US Dollars or equivalent foreign currency determined by the Ministry of Industry and Technology. (MIT)
-To have acquired real estate with a minimum value of 400,000 US Dollars or equivalent foreign currency, as assessed by the Ministry of Environment, Urban Planning and Climate Change, with a condition that it shall not be sold for at least three years. (MEUPCC)
-To have created employment for at least 50 people, as verified by the Ministry of Labor and Social Security. (MLSS)
-To have deposited at least 500,000 US Dollars or equivalent foreign currency in banks operating in Turkey, with the condition that such amount shall not be withdrawn for at least three years, as determined by the Banking Regulation and Supervision Agency. (BRSA)
-To have purchased government bonds with a minimum value of 500,000 US Dollars or equivalent foreign currency, with the condition that such bonds shall not be sold for at least three years, as determined by the Ministry of Treasury and Finance. (MTF)
-To have purchased Venture Capital Investment Fund Participation Shares or Real Estate Investment Trust Fund Participation Shares with a minimum value of 500,000 US Dollars or equivalent foreign currency, with the condition that such shares shall not be sold for at least three years, as determined by the Capital Markets Board. (CMB)
-To have kept the amount of 500,000 US Dollars or equivalent foreign currency specified by the Insurance and Private Pension Regulation and Supervision Agency, by keeping it in the funds to be determined by the said agency, provided that it is kept for at least three years, by paying personal pension system contribution payments. (PSPCP)
As Zirve Legal Law Firm, We provide legal process tracking services for foreign individuals, in accordance with the provisions of Article 12 of Law No. 5901 on Turkish Citizenship, for:
-Acquisition of Turkish Citizenship through Real Estate Investment worth at least $400,000
-Investment of at least $500,000 in Fixed Capital
-Investment of at least $500,000 in Government Bonds
-Investment of at least $500,000 in Pension Contribution
-Investment of at least $500,000 in Bank Deposit
These methods allow for the ‘Exceptional Acquisition of Turkish Citizenship.
