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Turkey Citizenship by Investment

The Turkey Citizenship by Investment Program was launched in January 2017 to attract foreign direct investment to and boost growth in the country’s real estate sector. The program allows applicants to choose from a number of different types of economic contributions to Turkish society, thereby developing the country’s economy.

With the city of Istanbul embracing Europe and Asia on the Bosphorus Strait, Turkey is a transcontinental Eurasian country. Its location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance.

Requirements of Turkey citizenship

To qualify for citizenship, the main applicant should fulfil one of the following investment requirements:

Acquire at least USD 250,000 worth of real estate
Invest a minimum of USD 500,000 fixed capital contribution
Deposit at least USD 500,000 or equivalent foreign currency or Turkish lira into a Turkish bank account
Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into government bonds
Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into real estate investment fund share or venture capital investment fund share
Create jobs for at least 50 people, as attested by the Ministry of Family, Labour and Social Services

The main applicant may include their spouse, dependent children below the age of 18, and children of any age who are living with disabilities in their application.

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Procedures and time

Procedures and time frame of the Turkey Citizenship by Investment Program

After applicants have chosen the qualifying investment option, a residence permit application shall be made on the family’s behalf. The main applicant is then required to open a bank account in Turkey.

Once all application documents have been prepared (including applicable certifications and translations), the investment can be completed and the documents submitted to the government. Once the application has been received by the government, the review process will begin and an interview may be requested. Applications are typically approved within 120 days, following which the citizenship documents are issued. The passport application can then be submitted.

Advantages Of Turkish Citizenship By Investment

Overview

Turkish Citizenship by Investment does not differ from citizenship attained by birth, it is for life and can be passed down to next generations. All properties in Turkey are freehold properties and applicants are not required to declare worldwide income and assets in other countries. Investors can recover their investments after a must-hold period of three years and there is no inheritance tax unlike in many other developed countries. Turkish citizenship also offers a route to Britain and the United States under special visa categories for Turkish nationals. In addition, Turkey offers a favorable business environment with special trade areas set up by the Turkish government, including customs unions, low tax rates and other generous perks including government programs to develop and support businesses. 

Requirements
Timelines
Visa-free travel
Other Benefits
UK Relocation Route
US Relocation Route

Address Istanbul

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İstanbul:
Istanbul Real Estate
Visnezade mah. Levhaci sk. 17/3
34357 Besiktas -Istanbul

+90 212 3276230
info@istanbul-real-estate.com