Their meticulous attention to detail, unwavering dedication, and commitment to ensuring their clients' needs are met are truly admirable. I strongly recommend Vardanyan & Partners for their exceptional legal services.
Ali E.
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Discover the Gateway to Global Mobility: Turkey's Citizenship by Investment Program
Turkey's Citizenship by Investment (CBI) program offers a unique and powerful opportunity for investors and their families to gain a second citizenship, opening doors to global mobility, business opportunities, and a high quality of life.
Key Benefits of Turkish Citizenship
- Visa-Free Travel: Enjoy visa-free or visa-on-arrival access to 126 countries, including Japan, Singapore, and South Korea, enhancing global mobility and business opportunities.
- Schengen Area Access: Turkish citizens are eligible for a C-2 Schengen visa, allowing for travel across Schengen countries for up to 90 days within any 180-day period.
- E-2 Visa Eligibility for the USA: After three years of residence, Turkish citizens can apply for the E-2 Investor Visa, enabling them and their families to live and work in the USA.
- Comprehensive Benefits: Turkish citizenship offers the right to live, work, and study in Turkey, visa-free travel to over 120 countries, and the possibility of passing citizenship to future generations
Considerations for Investors
- Dual Citizenship: Turkey allows its citizens to hold multiple citizenships, provided the other countries also permit it.
- Family Inclusivity: Spouses and children of investors are eligible for Turkish citizenship, with no additional investment required.
- Transparent Fees: A government fee of $574 applies per family member under the citizenship program.
- Investment Flexibility: The required investment can be made in various forms without depending on the investor's family composition.
Investment Routes
- Real Estate Investment: A favored choice, necessitating a $400,000 minimum investment in real estate. Although combining multiple properties to meet the investment threshold is no longer permitted, the investment in housing, commercial facilities, or a qualifying land plot is viable. After three years, the property can be sold, albeit the subsequent buyer is ineligible for the CBI program. The investment in real estate incurs a property tax and a stamp duty tax of around $14,000 for properties valued at $400,000, with the necessity to convert foreign currencies into Turkish Liras to finalize transactions.
- Business Investment: This entails injecting at least $500,000 into the capital stock of a Turkish company or generating at least 50 jobs.
- Bank Deposit: Committing $500,000 to a Turkish bank, with withdrawal options available after three years. The total can be distributed across several banks operating in Turkey.
- Government Bonds and Investment Funds: Engaging $500,000 in government bonds or investment fund units, with sell-off opportunities post three years.
Steps to Citizenship
- Obtain a Turkish Tax ID and open a bank account in Turkey.
- Select and finalize your investment route, potentially involving real estate purchases, business investments, or financial contributions.
- Apply for a residence permit, a prerequisite for the citizenship application.
- Submit the citizenship application, including all required documents and proof of investment.
- Undergo due diligence, with a process taking 3-4 months, after which citizenship is granted.
Family Inclusion and Due Diligence
- The main applicant can include their spouse, dependent children below 18, and children of any age living with disabilities.
- Due diligence checks are thorough, ensuring applicants are of good character and have no outstanding visa refusals or illegal stays in Turkey.
Tax and Military Service Considerations
- Turkish residents are taxed on worldwide income, with progressive rates up to 35%. Real estate taxes, capital gains tax, and inheritance taxes apply, with specific exemptions and rates depending on the property and investment type.
- Turkish citizenship exempts foreign citizens from mandatory military service.
Conclusion
Turkey's Citizenship by Investment program offers an attractive pathway to global mobility, financial growth, and a secure future for investors and their families. With its strategic location, robust economy, and cultural richness, Turkey presents a compelling case for those looking to expand their horizons and access new opportunities worldwide.
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What Clients Say
As an American living in Armenia, I definitely need legal representation to help guide me through the many rules and regulations here, and I am happy that Vardanyan & Partners has been able to do just that.
John B.
Overall, I felt it could not have been any better. Everything was taken care of so smoothly, effortlessly, and managed very well.
Jagdish N.
It is always daunting when dealing with immigration, visas in a foreign country. The team at Vardanyan & Partners made the process for registering the business and applying for residency so much easier. I had no worries at all. The team overall really went out of their way to accommodate and assist us.
Nadine B.
The company is the great team of professional specialists. They have formally defined mature processes, that helps to serve client's requests clearly, on time, without red tape and bureaucracy.
Maxim B.
The team members were all professional, knowledgeable and most importantly, honest. They are hard-working and patient and were always responsive to my messages and questions. What I like most is, they are very well organized and have a modern system of work.
H. Rassa
The team of Vardanyan & Partners led us through the whole process seamlessly by navigating the bureaucracy end to end. Extremely professional yet personal and friendly service.
Mati H.
Why Choose Us
Decade of Excellence
Over 10 years of specialized experience in immigration and business setup.
Tailored Solutions
Our team of locally licensed, English-speaking attorneys specializes in immigration, incorporation, and compliance matters, providing bespoke legal strategies for each client.
Fast & Fluent Communication
We prioritize your concerns with a 24-hour response policy and communicate effectively in both English and Russian.
Client-Centered Approach
At Vardanyan & Partners, client care is paramount. Our emphasis on honesty and transparency ensures that you are always informed and confident in your legal journey.
Secure Transactions
Benefit from our secure online payment system without the worry of hidden charges.
Reputable & Reliable
Established in 2012, Vardanyan & Partners has built a reputation for excellence and reliability. With our team, you are not just hiring attorneys; you are partnering with insured legal experts committed to your success.
What Makes Armenia a Good Choice for Residency
No Stay or Visit
Maintaining residency in Armenia does not require physical presence; remote application is possible.
Fast and Easy
The residency application usually takes about 80 days and only a valid passport is required.
Family Covered
Residents can sponsor extended family for residency (parents, siblings, grandchildren, etc.)
Citizenship Path
After living in Armenia for three years, citizenship can be obtained. Dual citizenship is allowed.
Nerses Isajanyan
Managing Attorney
LL.M., Georgetown University
Licensed Attorney, Armenia: License no. 903
Licensed Attorney, New York: License no. 5148945
Our firm's reputation rests on more than just legal expertise. We pride ourselves on the values of honesty, transparency, and an unwavering commitment to client care. We recognize the unique opportunities and challenges Armenia presents, and we are here to guide you through them.
For inquiries or to schedule a consultation, you may contact us at [email protected] or +374.99.00.11.67. I look forward to collaborating with you on your journey in Armenia.
Where to find us
Nestled in the heart of the Davtashen district in Yerevan, our office is a stone's throw away from the Migration Service building, ensuring seamless coordination on immigration matters. If you refer to the map above, you will pinpoint our exact location. For those journeying from the city center, anticipate a brief 20-30 minute taxi ride to reach us. We look forward to welcoming you and addressing your legal needs.