turkish-citizenship-by-investment

Turkish Citizenship By Investment Program

The Turkish citizenship by investment program is one of the fastest and most affordable citizenship programs worldwide. It was established in 2017 and has undergone many improvements since then. 

Turkey At AGlance

Turkey is a vibrant, culturally-rich country steeped in the history of ancient empires. It lies at the crossroads of Asia and Europe, making for a very convenient and strategic geographical location. It has a warm climate and diverse landscape punctuated by beautiful beaches where many Europeans love to vacation, majestic mountains, and stunning natural wonders. 

Turkish Citizenship By Investment Options

The Turkish Citizenship by Investment program offers six different investment pathways for applicants: 

citizenship by real estate investment in turkey

Investment Options


  • Real Estate Investment: A minimum investment of US $250,000 in Turkish real estate. The property must be held for 3 years. 
  • Bank Deposit: A minimum investment of US $500,000 in a Turkish bank. The deposited capital must remain there for 3 years, after which it can be withdrawn. 
  • Fund Share:  A minimum investment of US $500,000 in a real estate or venture capital investment fund share with the condition that they cannot be sold for at least three years.
  • Capital Investment:  A minimum fixed capital investment of US $500,000.
  • Government Bonds:  Buying at least US $500,000 worth of government bonds which cannot be sold for at least 3 years.
  •  Job Creation:  Creating jobs for at least 50 people.
how-to-get turkish-citizenship-through-investment

Additional Fees 


In addition to the investment, there are several other required fees:

  • Real estate commission - 2% of sale 
  • Real estate appraisal fee  - US$425
  • Land registry cost - 1.5% of the purchase price of the property 
  • Mandatory health insurance - depends on the number of the people included - US$720 for family of 5
  • Notary and translation costs - US$1,700 approximately
  • Residence permit expense - depends on the number of the people included - US$720 for family of 5
  • Turkish passport fees - US$170 per passport 
  • Advisory, legal and processing fees - US$15,000

Advisory, Legal and Processing Fees Include The Following Services

  1. Real Estate Investment Consultation
  2. Securing Power of Attorney  (One POA for purchasing real estate and another for citizenship applications)
  3. Getting a tax ID Number
  4. Opening an account in a Turkish Bank
  5. Getting an appraisal report with an independent appraiser
  6. Submitting a land registry application for the acquisition of real estate by a foreign investor
  7. Reviewing the land registry records and/or construction permits
  8. Purchasing the property 
  9. Securing a title deed that states the property will not be sold for the next 3 years
  10. Get a certificate of eligibility from the Land Registry and Cadaster
  11. Submitting a residence permit application
  12. Submitting a Turkish Citizenship application

There are no government fees, which make the Turkish citizenship program more cost effective. 

Benefits of Turkish Citizenship by Investment

The Turkish Citizenship by Investment program is both efficient and affordable, while providing many benefits and opportunities when it comes to lifestyle, freedom of mobility, and wealth management. 

Process

  • One of the fastest and most affordable citizenship by investment programs 
  • No minimum residency period required
  • No requirement to be in Turkey during the application process
  • No restrictions on dual citizenship

Lifestyle 

  • Visa-free travel to over 100 countries including Singapore, Japan as well as countries in South America and Africa.
  • E2 Visa Treaty with the USA
  • Ankara Agreement with the UK (ECAA Business Category)
  • Top free education and university reimbursement plans
  • Access to the free Turkish education and health care system
  • Full health coverage and pension funds
  • High standard of living

Financial 

  • No requirements to declare international earnings or pay tax on international income
  • No inheritance tax 
  • Potential to get a return on your investment
  • Quickly-growing economy
  • Turkey’s Customs Union with the EU allows investors and their businesses direct access to the EU Market.

what-are-the benefits-of-having-turkish-citizenship

 

Qualifications and Conditions to Apply

In addition to the financial requirements, there are several other conditions that must be met in order to qualify for the Turkey Citizenship by Investment program. Applicants must:

  • Be of good character
  • Be able to prove a legal source of the funds

Eligible Dependents

  • Main applicant 
  • Spouse 
  • Children under the age of 18 or disabled children of any age 

Application Process

Turkey Citizenship by Investment program has a simple and efficient application process. It normally takes 3-6 months from the initial filing. There’s no requirement to be in Turkey during any part of it. The key stages of the application process for the different investment

a)  Step-by-Step Process

Real Estate

  1. Real Estate Investment Consultancy
  2. Obtain Power of Attorney  (One POA for purchasing real estate and another for citizenship applications)
  3. Get a tax ID Number
  4. Open an account in a Turkish Bank
  5. Get an appraisal report with an independent appraiser
  6. Submit a land registry application for the acquisition of real estate by a foreign investor
  7. Review the land registry records and/or construction permits
  8. Purchase the property 
  9. Secure a title deed that states the property will not be sold for the next 3 years
  10. Get a certificate of eligibility from the Land Registry and Cadaster
  11. Submit a residence permit application
  12. Submit Turkish Citizenship application

Bank Deposit 

  • Get a tax number and open a bank account in Turkey
  • Transfer investment funds into the account 
  • Obtain a 'Certificate of Conformity’ from the Banking Regulation and Supervision agency
  • Submit application for an investor residence permit for the main applicant
  • Submit application for Turkish Citizenship for the whole family
  • Upon approval, apply for Turkish passport and ID either in Turkey or through your local Turkish Embassies

turkey passport by investment

b)  Required Documents

  1. Birth certificate or identity register copy
  2. Marriage certificate
  3. Family registration certificate (proving the relation between parents and children)
  4. Certificate of Residence
  5. Criminal Record (not required but can help expedite the approval process) 
  6. Passport Translations 
  7. Power of Attorney from each spouse 
  8. 6 biometric photos for all family members

*Documents 1-5 must be apostilled or attested by the Turkish Embassy or Consulates

FAQs

A: Turkish Citizenship is granted for a lifetime and gives you the same rights that apply to native Turkish Citizens.

A: If all the required documentation is present, the process takes around 3-4 months.

A: Turkish citizens can apply to both countries as each has its own advantages. ​

Since the USA has an annual quota for every country, Turkish citizens can apply to the USA via the EB-1 and EB-2 visa programs.  

There is a special international treaty between the United Kingdom and Turkey called the Ankara Agreement and it makes it easy for Turkish citizens to immigrate and even work in the UK.

A: No.

A: There is no minimum residency period required. 

A: As soon as you receive the Title Deed for your purchased property and submit your completed application, the evaluation process takes anywhere from 45 days to 4 months.

A: After purchasing a property and securing the title deed, you have the same rights as Turkish property owners. You can’t sell the property for 3 years per the requirements of the Turkish Citizenship by Investment Program, but after that time has elapsed you can keep or sell it.

A: You can include your spouse and any children under 18 on your Turkish Citizenship by Investment application. 

A: Children over 18 years old are not eligible to be included on the application even if they are financially dependent on their parents.

A: Only one person can be the owner of a property in order to be eligible for the Turkish Citizenship by Investment application.

 

A: No, only your spouse and children under 18. 

A: No.

A: You are not required to live in Turkey for any duration as part of the citizenship process. You can rent the property after purchasing. 

A: No. It must be in US dollars and after 3 years it can only be withdrawn in US dollars. 

 

A: You can withdraw the interest only after 3 years when you withdraw the deposited amount. The rate of interest depends on the bank in which you make your deposit.

A: Dual Citizenship is allowed in Turkey and you don’t need to renounce your current citizenship.

A: Yes. Citizens of any country are allowed to apply for Turkish Citizenship by Investment.

A: Yes, they can apply for Turkish citizenship. However, they cannot apply via the real estate investment pathway since Syrians are not allowed to purchase property in Turkey. All other investment pathways are eligible. 

A: Yes. While we can handle almost everything by power of attorney, the main applicant needs to visit Turkey once as part of the application process. 

A: Yes, you can vote and exercise all other rights. 

A: Yes, if you meet the requirements of the program, you can apply again.

A: No, there is no escrow system in Turkish law. The title deed transfer will be completed before one can apply for citizenship.

 

A: Your country of citizenship.

A: Yes, you can apply for the Turkish Citizenship by Investment using your travel document for all pathways except the Real Estate Investment. 

 vicky-page-author

Vicky Katsarova, CEO

“My world travels and my own immigration experiences have given me a deep understanding and clear insight into each of our clients’ specific requirements, aspirations and concerns. It is this intense personal association with client expectations and needs that helps to set our company and our service apart.”

turkey citizenship by investment can be the gate to experiencing hot air ballooning over Cappadocia

There’s no time like the present to take advantage of all the opportunities the Turkey Citizenship by Investment program can provide for your life, business, and family. When it comes to expanding your mobility, freedom and business opportunities, this vibrant country is a wonderful place for a second citizenship. 

If you are interested in learning more about the Turkish Citizenship by Program, please contact us today for your free initial consultation.

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