To draw foreign direct investment and boost growth in the country’s real estate industry, the Türkiye Citizenship by Investment Program (formerly known as the Turkey Citizenship by Investment Program) was introduced in January 2017. The program gives candidates various options for economic contributions to Turkish society that will advance the nation’s economy.
Turkish Citizenship through Investment Program Benefits
- Turkish citizenship by property investment benefits many nationals who want to invest in real estate and are looking for opportunities in Turkey. After attaining a Turkish passport, foreign investors will have visa-free travel to 110 countries, including Hong Kong, Japan, and Singapore.
- They will gain citizenship in a country with quality life, a pleasant Mediterranean climate, and a stunning landscape.
- The petitioner was given full citizenship, which also applied to family members.
- The Turkish passport will award the investor a five-year renewable E-2 investor visa eligibility 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.
Turkish citizenship requirements through investing
The primary applicant must satisfy one of the following investment conditions to be eligible for citizenship;
- Acquire property worth at least USD 400,000.
- Invest a minimum of USD 500,000 in fixed capital contributions.
- Fund a Turkish bank account with at least USD 500,000, comparable foreign cash, or Turkish Lira.
- Invest at least USD 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, comparable foreign cash, or Turkish Lira for a three-year minimum holding term in a private pension system.
- As certified by the Ministry of Family, Labor, and Social Services, create at least 50 employments.
The primary applicant may submit applications on behalf of their spouse, dependent children under 18, and children of any age with disabilities.
Turkish Citizenship by Investment Program steps and duration
Applicants must submit a residence permit application on behalf of the family after selecting the acceptable investment option. After that, the primary applicant must create a Turkish bank account.
After the real estate purchase, the paperwork is submitted to the government. All application materials, including certificates and translations, will be checked, the review procedure will start, then an interview request will be submitted. Usually, it takes 120 days for applications to be granted, after which citizenship documents are provided. After that, the passport application may be turned in.
