turkish citizenship

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CITIZENSHIP

T citizenship turkey urkish Citizenship by Investment

In order to draw foreign direct investment and spur growth in the nation's real estate sector,

the Türkiye Citizenship by Investment Program (previously known as the Turkey Citizenship

by Investment Program) was introduced in January 2017. The program gives applicants a

variety of options for economic contributions to Turkish society that will advance the

economy of the nation.

Turkey is a transcontinental Eurasian nation, with the city of Istanbul embracing both Europe

and Asia on the Bosphorus Strait. It is a nation of significant geostrategic importance because

of its location at the intersection of Europe and Asia.

Benefits of the Türkiye Citizenship by Investment Program

● Access to 111 countries, including Hong Kong, Japan, and Singapore, without a visa

or with one upon arrival

● citizenship in a nation with a high standard of living, a mild Mediterranean climate,

and stunning scenery

● The applicant was granted full citizenship, which also applied to family members.

● eligibility for a five-year renewable E-2 investor visa in the USA

● access to a Eurasian nation that spans continents and serves as a stable economic,

financial, and political hub for Europe, Western Asia, and the Middle East

Requirements of Türkiye citizenship by investment

The primary applicant must satisfy one of the following investment requirements in order to

be eligible for citizenship:

● acquire property worth at least USD 400,000.

● Put down a minimum fixed capital contribution of USD 500,000.

● Fund a Turkish bank account with at least USD 500,000, equivalent foreign currency,

or Turkish lira.

● invest at least US$500,000, equivalent in other currencies, or TRY in government

bonds.

● Invest at least USD 500,000 (or an equivalent amount in another currency, Turkish

Lira, or another currency) in shares of a real estate investment fund or a venture

capital investment fund.

● Invest at least USD 500,000, equivalent foreign currency, or Turkish lira for a

minimum holding period of three years in a private pension system.

● As certified by the Ministry of Family, Labour, and Social Services, create at least 50

jobs.

The primary applicant may submit applications on behalf of their spouse, dependent children

under the age of 18, and children of any age who have disabilities.

Procedures and time frame of the Türkiye Citizenship by Investment

Program

Applicants must submit a residence permit application on behalf of the family after selecting

the acceptable investment option. After that, the primary applicant must open a bank account

in Turkey.

The investment can be finished and the paperwork submitted to the government once all

application materials, including any necessary certifications and translations, have been

prepared. Once the government has received the application, the review process will start,

and an interview request may be made. Usually, it takes 120 days for applications to be

approved, after which citizenship documents are issued. After that, the passport application

can be turned in.

Please be aware that Turkish gift and inheritance taxes apply to any assets held by Turkish

citizens anywhere in the world. In this regard, we advise you to get the right professional

advice.