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How long do foreign investors take to acquire Turkish citizenship?

by Proact
Jan , 4
How long do foreign investors take to acquire Turkish citizenship?

Following the decision to amend the law on obtaining citizenship, the Ministry of the Interior of Turkey began to facilitate and accelerate the procedures in this regard.

Akin Atalay, director of VIPTurkishPass, a specialist brokerage firm for foreign investors, said that the Turkish Ministry of Interior respons to requests from foreign investors for citizenship within 45 days of the application.

He added that in order to obtain a response as soon as possible from the Turkish Interior Ministry, all the necessary papers for nationality must be completed without any shortage in the application file and that the request be submitted with those who are aware of these procedures in order to avoid the incorrect input.

He pointed out that foreigners who receive Turkish citizenship, will benefit from tax and insurance cuts, and get the full rights obtained by the Turkish citizen, without any difference between them.

On September 19, the Turkish Official Gazette published an amendment to the executive regulations on the application of the law on citizenship. The decree decreased the value of the property, which entitles its owner to apply for the Turkish citizenship from one million dollars to 250 thousand dollars, not to sell the property for three years.

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