Launched in January 2017, the Türkiye Citizenship by Investment Program aims to attract foreign direct investment and stimulate growth in the country’s real estate sector. This program allows applicants to make various types of economic contributions to Turkey, thus bolstering the national economy and providing a pathway to citizenship.

Advantages of the Türkiye Citizenship by Investment Program

• Global Mobility: Visa-free or visa-on-arrival access to over 110 destinations, including Hong Kong, Japan, and Singapore.
• High Quality of Life: Enjoy the mild Mediterranean climate, beautiful landscapes, and a high standard of living in Türkiye.
• Full Citizenship: Citizenship is granted to the main applicant and their family members.
• US Visa Eligibility: Opportunity to apply for an E-2 Investor Visa in the USA after residing in Türkiye for three years, valid for a five-year renewable period.
• Strategic Location: Benefit from Türkiye’s position as a stable economic, financial, and political hub bridging Europe, Western Asia, and the Middle East.

Investment Requirements

To qualify for Turkish citizenship, applicants must fulfill one of the following investment options:

1. Real Estate: Purchase real estate valued at a minimum of USD 400,000.
2. Fixed Capital Investment: Invest at least USD 500,000 in fixed capital contributions.
3. Bank Deposit: Deposit a minimum of USD 500,000 into a Turkish bank account.
4. Government Bonds: Need to commit at least USD 500,000 into Turkish government bonds.
5. Investment Funds: Invest at least USD 500,000 into real estate or venture capital investment fund shares.
6. Private Pension System: Commit at least USD 500,000 into a Turkish private pension system for a minimum of three years.
7. Job Creation: Create jobs for at least 50 people, as verified by the Ministry of Family, Labour and Social Services.

Family members, including a spouse, dependent children under 18, and children of any age with disabilities, can be included in the application.

Application Process and Timeline

1. Investment Selection: Choose a qualifying investment option.
2. Residence Permit Application: Apply for a residence permit on behalf of the family and open a bank account in Türkiye.
3. Document Preparation: Gather and prepare all required documents, including certifications and translations.
4. Investment Completion: Complete the investment and submit documents to the government. It is compulsory that contributions must be made in Turkish lira, equivalent to the USD amount.
5. Biometrics: Applicant needs to Visit Türkiye to submit biometrics for the residence application.
6. Approval: Applications are generally processed within three to five months. After approval, citizenship documents are issued, and the passport application can be submitted.

Additional Considerations

Please be aware that Turkish gift and inheritance taxes apply to worldwide assets held by Turkish citizens. It is advisable to seek professional advice regarding these tax implications.