See program essentials such as prices, requirements, timelines, investment options
Today´s world is full of uncertainties
and having a second nationality can save your life. If you are looking for a
plan B and you are wondering which is the best citizenship option to ensure
your future, then you should definitely consider Turkey. In Mundo Offshore we
do not hesitate for a second to recommend this country to investors from all
over the world.
has the best of both worlds: an ancient culture and a modern country open to
the world. The modernizing impulse of the last years is a contrast with
conservative Europe or slow Latin America.
a Turkish citizen will put you in the center of the world. With one foot in
Europe and one in Central Asia, you will have access to 110 countries without
the need to process a VISA. You will be living in one of the most dynamic and
active markets on the planet. With the safeguard of a tolerant society, no
matter what your creed or origin is, you are here to do business.
if that weren't enough, this beautiful country that unites two continents has
one of the most versatile systems of acquiring citizenship that exists. It doesn't matter if it is with capital
movements, investment funds, government bonds, creating businesses or buying
real estate, everything leads to Turkish citizenship and all the advantages
that come with it.
Obtaining a second nationality can be a
life-saving decision. In some countries where coups d'état, robberies,
kidnappings, economic crises or street protests are commonplace, the
possibility of securing your future and the future of your family is priceless.
Five reasons for obtaining
Here are 5 reasons why you should get Turkish citizenship:
1.Commercial bridge (E-2 in the USA). Turkish citizenship will allow you to enter 110 countries in the
world without the need for a VISA. At the same time, it is one of the countries
with commercial relations with the United States that allows the E-2 visa for
investment to its citizens. Do you want to conduct businesses in the North?
Turkey brings you closer to this goal.
2.Dual nationality. You can
keep your current citizenship while acquiring Turkish citi-zenship.
3.Citizenship by investment. Ease of acquisition is one of the
advantages offered by Turkish
citizenship. You have many ways to acquire it, starting at only US$ 250,000.
4.Tax incentives. Turkey's
profitable tax system has been recognized by the World Bank as one of the
nations whose tax reforms make life and business much more attractive in the
5.Confidentiality is assured. Turkey was born for business, with little more than some pictures,
medical insurance and the application form, you can have your first residence.
How to apply for Turkish citizenship
in this country opens the doors of the world to you in a big way. Its access to
the European Union market, its extensive system of private banks, its
citizenship by investment program, and its attractive tax incentives make it
one of the most sought-after nationalities for investors looking to do good
citizenship consists of two simple steps:
i) Residence permit process and
Would you like to know more? Here you will find more
is the document that allows foreigners to reside temporarily in Turkey. You can
process it for up to two years. During this time your stay in the country will
be completely legal.
residence permit gives you access to work, buying assets and property. With the
residence permit, you can now move your company from Sao Paulo or Caracas to
Istanbul with hardly any paperwork.
general requirements for applying for a residence permit are as follows:
and copy of the passport or travel document (if not in the Latin alphabet, a translation
must be in-cluded)
sufficient and sustainable financial resources for the stay.
health insurance, it can be any of the following:
ØProof of access to health services in Turkey through a bilateral agreement.
ØProvisional document issued by the social security institution.
ØApplication document to the social security institution to be
ØPrivate health insurance.
deed of the applicant's residence (only if he/she owns real estate in Turkey).
invitation by the company or person to contact (only for those who intend to
establish business connections in Turkey).
all this, and within a maximum period of two months from the day you have
submitted your requirements, you will receive a response to your permit
application. Once your permit has been approved, you can travel and live
legally in Turkey for two years.
the residence permit gives you all the advantages of living in Turkey
temporarily. You will be able to travel, work, and visit the country's tourist
attractions. You could consider yourself a Turkish "temporary
citizen". In turn, by obtaining any of the types of residence permits, you
are in the process of formally obtaining citizenship.
is the document that officially accredits you as a citizen of the Republic of
Turkey. It makes you an owner of a Turkish passport, as well as allows you to
enjoy all rights as a citizen, both in Turkey and abroad.
to a residence permit, obtaining Turkish citizenship means enjoying the legal
protection, citizen benefits and access to all kinds of programs that the
Turkish government offers to its citizens. It is the highest honor that the
country, with its vision of community, can bestow on you: to consider you one
of its own. Something quite important if we want to do business with those who
can do it, be it in Europe, Asia or... America.
are a variety of ways you can become a Turkish citizen. Broadly speaking, we
find the following:
residence: After obtaining the
permanent residence permit, you can apply for Turkish citizenship within two
turquoise card: If you have been living in
Turkey for five years in a row and have a turquoise card, you can apply for citizenship.
judgment of legal authority: The
Turkish Ministry of Foreign Affairs can issue a decision accrediting you as a
Turkish citizen. There are two prerequisites for this measure: you must have
resided in Turkey for five years in a row, and you must be fluent in the
Acquisition: General application for
citizenship, having completed five years of residency and comple-ted the form at
the Ministry of Foreign Affairs.
acquisition: For those who have unusual
personal merits in sports, arts or science. The country con-siders that these
individuals present an added value to the nation and therefore finds them
suitable to be granted citizenship in exceptional cases.
marriage: If you marry a Turkish
citizen, this allows you to obtain Turkish citizenship after three years of
adoption: Foreign children adopted by
Turkish parents are granted citizenship. Only one exception applies: when the
child is considered a national threat.
Cities in Northern Cyprus: If you
are a citizen of the Turkish Republic of Northern Cyprus, you are eligible to
apply for Turkish citizenship.
investment: You can obtain Turkish
citizenship by making an investment through any of the 6 official channels that
the Turkish government has stipulated in its laws, we know that this is what
may interest you the most, so we will extend in the next section.
Republic of Turkey wishes to add citizens among its compatriots who are willing
to generate added value in the country. Are you ready to invest, to create and
to innovate? Do you have something to contribute to this millenary nation? If
the answers to both questions are yes, you are what the Turkish state has been
looking for. Apply now and become a Turkish citizen.
Citizenship by Investment Program
2017 the Turkish government has been amending the Regulation on the
Implementation of the Citizenship Law. This included a modern and attractive
citizenship by investment program. A variety of options are available to you to
obtain citizenship, including generating good income along the way.
types of investments should I make to apply? In what amounts?
Here are the
in real estate: Buying one or several
properties whose value totals at least US$ 250.00 and meeting some
the property for at least 3 years.
in the purchase application that the purchase was made with the intention of
of fixed capital: Making an
investment for a minimum amount of US$ 500,000 or its equivalent in Turkish
Lira or other foreign currency. Which must be attested by the Ministry of
Industry and Technology.
employment: Creating employment for at
least 50 people, as witnessed by the Ministry of Family, Labour and Social
Deposit: By making a deposit of at
least US$ 500,000 or its equivalent in foreign currency or Turkish Lira in
banks operating in Turkey, on the condition that it is not withdrawn for at
least three years, as attested by the Banking Regulation and the Supervisory
Government Bonds: By
purchasing Turkish government bonds for a minimum amount of US$ 500,000 or
equivalent, under the condition that they cannot be sold for at least three
years, as demonstrated by the Ministry of Finance.
funds: With the purchase of US$
500,000 or equivalent in shares of real estate investment funds or venture
capital investment funds, keeping them for at least three years, as indicated
by the Turkish Capital Market Board.
either of these options, you are on your way to obtaining your Turkish
citizenship. The question now is what to do next? Knowing the country in depth
is vital. That's why we at Mundo want to guide you in understanding everything
about this nation.
are the best investments? How safe is it? How much freedom will I have? Check out our Country Page for all
these answers, our experts will guide you in all matters concerning Turkey, our
purpose is to ensure your well-being and safety.
Despite all the advantages
we have already seen in Turkey, we have not talked about one of the most
important ones. Citizens of Turkey have access to a treaty with the U.S. where
they can qualify for an E-2 investor visa. Thus, in Turkey, you will have a
gateway to the United States: the most important market in the world for doing
The E-2 Investor Visa
allows persons from a treaty country - a country with which the U.S. maintains
a treaty of commerce and navigation - to be admitted to the United States at
the time of investing a substantial amount of capital in a U.S. company. The
U.S. business must be majority-owned by persons from the treaty country.
Although Brazil and
Venezuela are not treaty countries, many of the investors from these countries
may qualify for the E-2 visa if they have dual citizenship from such countries
as Turkey, for example.
The investment must be
substantial concerning the type and size of the business, with $150,000
generally being the minimum. Being one of the critical points the profitability
that demonstrates the investment, you must be especially careful in what you
invest your money. The investment has to be profitable and it should not be
made only to meet the requirement and get the certificate on paper.
Tax system in Turkey
The tax system of a country
is one of the most critical points when evaluating where we are going to
invest. In Turkey, the tax system considers four aspects: income, wealth,
indirect and other taxes.
ØIncome tax: All individuals residing in
Turkey are taxable. It is taxed between 15 and 33%.
ØCorporate tax: Corporate tax taxes the
profits of resident and non-resident companies in the country. Its rate is 20%.
Various rates also apply to bonds, dividends, bank deposits, among others.
ØIndirect taxes. Here, Value Added Tax (VAT)
is levied at the following rates: 1% for basic products (such as newspapers),
8% for food products and 18% for most products.
ØOther taxes. This is where city taxes
are located. By adding the tax on the building and the land, a maximum rate of
0.4% of the declared value of the property is paid.
Although VAT is still at
high rates, the tax system in Turkey has been praised by the World Bank in its
Doing Business Index (2020) as one of the few countries in the world that made
significant reforms to create incentives for business and investment in the
The Turkish government has
learned the lesson from countries like Venezuela: the state should not get
involved in the businesses, freedom to invest and a convenient tax situation is
what can really attract foreign investment. Investing in Turkey today, because
of its tax system, is more profitable than doing it in most E.U. countries.
Banking system in Turkey
When choosing a country to live and invest in, we must look at how
its banking system works. In the case of Turkey, we find one of the strongest
in the world. Turkey's private banking system has the guarantees, level of
security and modernization comparable to any in the European Union. It is the
credit of this robust banking system that has made it possible to finance the
impressive and excellent economic growth in Turkey in recent decades, which
economists have called "The Turkish Miracle".
What do I need to log in? One of the advantages of Turkey is its
ease. With your tax number, which will be given to you after processing your
residence and your passport, you can access any of the banking institutions in
the country. This versatility of entry into the financial system is one of the
biggest temptations for those who do not want to lose time with excessive
What about your security?
Compared with other jurisdictions, the prestige and possibilities offered by
Turkish institutions are the perfect support to carry out all your operations
with ease. By banking in Turkey, you will be safe before the international
financial system. You will have countless tools that will allow you to take
your business from Caracas to Ankara and to start a new life full of prosperity
and financial success.
At Mundo, we have a team of professionals trained to help you
embark on the road to the business of your life. With the support of NTL
Wealth, leaders in the financial and legal advisory sector since 1994, we seek
to protect your assets and increase your wealth.
We have been stablished in the Caribbean, giving to our clients
the best experience, advice and guidance when it comes to asset protection and
With our expert in Turkey, Imad Elbitar, you will have the best
advice in order to successfully apply for a Citizenship by Investment. More
than 20 years of experience support him, hundreds of investors from all around
the world are the living proof of this.
Our focus and commitment are to give you peace and security, with
our team of experts you won’t need to worry about anything. Mundo helps you achieve your