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How can investors fast track their citizenship processes without meeting the minimum period of residency in Turkey?

I heard Turkey amended its CBI legislation. How will this impact my application when it comes to how long I need to reside in the country?


Answers
  • Tuncay & Barcın Law office
    December 08, 2020

    You do not have to stay in the country. You can follow the citizenship process by giving a power of attorney to a lawyer who will represent you. You only visit to get your identity when the citizenship procedures have been completed.

  • Beyond Residence and Citizenship
    December 08, 2020

    The CBI legislation doesn’t require any physical presence. The minimum investment amount is $250,000. If you fulfill the investment requirements then physical presence is not an issue.

  • ADMD Mavioglu & Alkan Law Office
    December 08, 2020

    The residency-based citizenship program requires a minimum of 5 years of stay in Turkey. There is no fast-track version. The citizenship-by-investment program does not require any minimum period of residence (all process can be realized remotely) but only mandates an investment (either $250,000 in real estate; or $500,000 as bank deposit, bond or fund investments; more for other corporate investments etc.).

  • Aslan Attorney
    July 25, 2021

    The process of citizenship by investment in Turkey takes approximately 2-3 months depending on the case. An investor does not have to reside in Turkey during this process. On the other hand, even if there is a new CBI regulation, it would not regulate an applicant's residency time. That would be just for the investment amount for now. If you choose to deposit money to the bank in Turkey instead of buying a property as an investment, you could skip the property’s title deed process. That process is worth double the price compared with buying property but you may gain around a week or two weeks.