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Citizenship by Investment in Turkey: A Pathway to Turkish Citizenship

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Citizenship by Investment in Turkey: A Pathway to Turkish Citizenship

Citizenship by investment programs have gained popularity worldwide as a means for individuals to obtain citizenship in a foreign country by making a significant investment. Turkey is one such country that offers a citizenship by investment program, allowing foreign investors to acquire Turkish citizenship through various investment options. In this article, we will explore the citizenship by investment program in Turkey, its benefits, and the requirements for eligibility.

The citizenship by investment program in Turkey was introduced in 2017 with the aim of attracting foreign direct investment and stimulating economic growth. The program offers a streamlined pathway to Turkish citizenship for individuals who make a significant investment in the country. There are several investment options available, including real estate, capital investment, job creation, and bank deposits.

One of the most popular investment options for obtaining Turkish citizenship is through real estate. Foreign investors can acquire Turkish citizenship by purchasing property worth a minimum of $400.000 USD keeping it for at least three years. This option not only provides individuals with a tangible asset but also offers the opportunity for rental income or capital appreciation.

Another investment option is capital investment, where individuals can obtain Turkish citizenship by making a fixed capital investment of at least $500,000 or creating at least 50 jobs for Turkish citizens. This option is particularly attractive for entrepreneurs and business owners looking to expand their operations in Turkey.

Additionally, individuals can also obtain Turkish citizenship by depositing a minimum of $500,000 in a Turkish bank for at least three years. This option provides a secure investment and allows individuals to earn interest on their deposit while enjoying the benefits of Turkish citizenship.

One of the key benefits of obtaining Turkish citizenship through the citizenship by investment program is the ability to live, work, and study in Turkey without any restrictions. Turkish citizens also have access to a wide range of social and economic benefits, including healthcare, education, and business opportunities. Furthermore, Turkish citizenship provides visa-free or visa-on-arrival access to a serious number of countries.

To be eligible for Turkish citizenship through the citizenship by investment program, individuals must meet certain requirements. These include being at least 18 years old, having a clean criminal record, and demonstrating the financial capability to make the required investment. It is important to note that the investment must be made in compliance with the regulations and guidelines set by the Turkish government.

The application process for Turkish citizenship through the citizenship by investment program involves several steps, including the submission of the required documents, background checks, and an interview with the relevant authorities. The process is generally efficient and streamlined, with the Turkish government aiming to process applications within a reasonable timeframe.

In conclusion, the citizenship by investment program in Turkey offers a pathway to Turkish citizenship for foreign investors who make a significant investment in the country. The program provides individuals with the opportunity to obtain Turkish citizenship and enjoy the benefits of living, working, and studying in Turkey. With various investment options available, individuals can choose the option that best suits their needs and objectives. It is advisable to seek professional advice and thoroughly understand the requirements and regulations before applying for Turkish citizenship through the citizenship by investment program.

For more information read Turkish Citizenship by Investment .

Intestate Succession in Turkey: Understanding the Distribution of Assets Without a Will

Intestate succession is a legal process that determines how the assets and properties of a deceased person will be distributed when they have not left a valid will. In Turkey, intestate succession is governed by specific laws and regulations that outline the order of priority for distributing the assets among the deceased’s heirs. In this article, we will explore the rules and implications of intestate succession in Turkey.

When a person dies without leaving a will in Turkey, their assets and properties are distributed according to the rules of intestate succession outlined in the Turkish Civil Code. The law provides a specific order of priority for distributing the assets among the deceased’s heirs, based on their relationship to the deceased.

The first priority in intestate succession is given to the deceased’s spouse. If the deceased has a surviving spouse, they are entitled to a specific share of the estate, depending on whether there are any children or other heirs. If the deceased had children, the spouse gets 1/4 of the estate and the rest is split in between the children. If the spouse is an heir with the parents, the spouse gets half of the estate.

The children are entitled to an equal share of the estate, regardless of their gender or age. If any of the children have predeceased the deceased, their share is distributed among their own children (the deceased’s grandchildren).

If the deceased does not have a surviving spouse or children, the next priority in intestate succession is given to the deceased’s parents. The parents are entitled to an equal share of the estate. If one of the parents has predeceased the deceased, their share is distributed among their own children (the deceased’s siblings).

If the deceased does not have a surviving spouse, children, or parents, the next priority in intestate succession is given to the deceased’s siblings. The siblings are entitled to an equal share of the estate. If any of the siblings have predeceased the deceased, their share is distributed among their own children (the deceased’s nieces and nephews).

If the deceased does not have any surviving spouse, children, parents, or siblings, the estate is distributed among more distant relatives, such as grandparents, aunts, uncles, and cousins, in accordance with the rules of intestate succession.

It is important to note that intestate succession in Turkey follows a strict order of priority, and the assets are distributed among the heirs based on their relationship to the deceased. The law does not take into account the deceased’s personal wishes or preferences. Therefore, it is advisable for individuals to make a will to ensure that their assets are distributed according to their own wishes.

In conclusion, intestate succession in Turkey is the legal process of distributing the assets and properties of a deceased person when they have not left a valid will. The law provides a specific order of priority for distributing the assets among the deceased’s heirs, based on their relationship to the deceased. It is advisable for individuals to make a will to ensure that their assets are distributed according to their own wishes and to avoid potential disputes among family members. For more information read Inheritance Law in Turkey.

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