Overview
━ Type: Citizenship
━ Minimum investment: USD 400,000
━ Processing time: 3-6 months
━ Residency requirement: There is no minimum residency requirement to maintain citizenship
Benefits of Turkish Citizenship
━ Allows for dual citizenship without renouncing current nationality
━ Access to over 100 countries visa-free or visa-on-arrival
━ Spouse and dependent children under 18 are also eligible for citizenship under the program
━ Ability to pass on citizenship rights to descendants
Main requirements
━ Main Applicants must be over 18
━ Dependant children must be below 18
━ No criminal record
━ Proof that funds were attained legally
━ Real estate or other investments must be held for a minimum of three years before being sold or transferred
Investment options
Option 1: Purchase of real estate – USD 400,000
━ Investors can purchase residential and commercial properties worth at least USD 400,000. A land plot can be purchased if it has a building worth at least USD 400,000 or a building permit is issued
━ Also, one can buy several properties for a cumulative price of USD 400,000 if they already have title deed (TAPU) for each of them. If TAPU still needs to be obtained, the applicant should provide a preliminary sales agreement that includes all the properties
━ Investors can rent out the properties and can sell the properties after three years while maintaining their citizenship status
Option 2: Business investments — USD 500,000
━ Investments worth USD 500,000 can be made in the capital stock of a Turkish company
Option 3: Bank deposit — USD 500,000
━ The Investor must deposit at least USD 500,000 into a Turkish bank account. The investor can withdraw funds from the account after three years
Option 4: Purchase of government bonds — USD 500,000
━ Purchase of government bonds worth at least USD 500, 000. The Investor can sell the bonds after three years
Option 5: Purchase of units in an investment fund — USD 500,000
━ The investor must purchase at least USD 500,000 in real estate investment fund shares or venture capital investment fund shares. The investor can sell the units after three years. During ownership, the investor receives passive income.
Option 6: Invest into private pension system
━ The investor is required to make a minimum investment of at least USD 500,000 into a private pension scheme approved by the Turkish government. The minimum holding period is three years
Option 7: Create jobs for at least 50 people
━ The investor can establish a company, and provided it creates at least 50 jobs as attested by the Ministry of Family, Labour and Social Services, they can be eligible for citizenship. After a period of three years, the investor is eligible to sell their share in the business
The Application Process:
- Select your investment option
- Make a residence permit application
- Open a bank account in Türkiye
- Make the relevant investment in Turkish Lira, equivalent to the USD amount.
- Submit your application to the Government
- Visit the country to provide biometrics.
- Approval within three to six months
- Issuance of citizenship documents
- Submit passport application
