I learned that by making an investment and creating jobs, one can obtain citizenship in Turkey. What kind of jobs are acceptable? How long does the investment need to sustain those jobs?
There is no limitation on the type of jobs; minimum wage positions will also be acceptable. No designation on the time for sustaining such jobs is mentioned, a conformity certificate will be obtained based on the payroll submissions. We assume it would be wise to keep the jobs in place at least until the application for citizenship is resolved that could be targeted to be finalized within six months.
There is no limitation in jobs for the Turkish CBI program. With any kind of legal business, you can apply for citizenship. If you invest to turkey, and if you prove that your investment is more than $500,000, you can apply for citizenship. There is not a minimum time limit o sustain the investment in this option.
In accordance with the regulations, the government doesn't put any restrictions on jobs, so, you may choose any sector which allows for foreigners.
Save for the sectors affecting national security, you are free to invest in Turkey. The requirement with regard to the number is 50. Therefore, you are required to employ 50 Turkish employees. As for the timeline, you need to employ them the first 6 months following which you would apply for citizenship. However, it is not possible for us to mention a specific period as to how long more you need to sustain those employments. The reason is that the Ministry conducts audits on a regular basis (it may be after 3 months or 3 years) without notification and checks as to whether the Company still employes those employees. We discussed this with the Ministry several times over the phone in order to ascertain what the period is for audits. They always leave it open and state that if the number of employees decreases (for instance from 50 to 40), then, "rightful reasons" may always be claimed during the audits.
Acquiring Turkish citizenship is possible via investing in a line of business existing and operating legally in Turkey. Setting up a new business or joining an existing one by a share purchase are the options. The main point here is that the investment cannot be done less than the the the minimum amount of the program: $500,000 or its equivalence in Turkish or another country's currency. The shareholder who intends to follow the way mentioned must keep the shares and cannot sell their shares to the third parties within three years.
There are no types of investments or jobs for application. You can choose what type is qualified with your possibility. Investing more than $ 500,000 is sufficient to apply for Turkish citizenship. It should also be remembered that the company should have a structure that complies with the employees' number facts, minimal amount of the capital and Turkish Commercial and Citizenship Laws.
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