Launched in January 2017, the Türkiye Citizenship by Investment Program (formerly known as the Turkey Citizenship by Investment Program) was designed to attract foreign investment and stimulate growth in the country’s economy, especially within the real estate sector. Türkiye, strategically located at the crossroads of Europe and Asia, holds significant geostrategic importance, making it an ideal destination for investors seeking citizenship.

Benefits of the Türkiye Citizenship by Investment Program

• Visa-free or visa-on-arrival access to over 110 destinations, including Hong Kong, Japan, and Singapore.

• Citizenship in a country offering a mild Mediterranean climate, beautiful scenery, and a high standard of living.

• Full citizenship granted to the applicant and eligible family members.

• Eligibility for an E-2 Investor Visa in the United States after residing in Türkiye for three years, valid for five years and renewable.

• Access to a transcontinental Eurasian country, strategically positioned between Europe, Western Asia, and the Middle East, acting as a stable economic, financial, and political hub.

Requirements for Türkiye Citizenship by Investment

To qualify for citizenship, the primary applicant must meet one of the following investment criteria:

• Real estate investment: Acquire at least USD 400,000 worth of real estate.

• Fixed capital contribution: Invest a minimum of USD 500,000.

• Turkish bank deposit: Deposit at least USD 500,000 into a Turkish bank account.

• Government bonds: Invest at least USD 500,000 in government bonds.

• Real estate investment fund: Commit at least USD 500,000 into real estate investment fund shares or venture capital investment fund shares.

• Private pension system: Commit at least USD 500,000 into a private pension system for a minimum holding period of three years.

• Job creation: Create jobs for at least 50 people, as certified by the Ministry of Family, Labour, and Social Services.

The main applicant may include their spouse, dependent children under the age of 18, and children of any age living with disabilities in the application.

Procedures for the Türkiye Citizenship by Investment Program

1. Investment Option: After selecting the investment option, applicants will apply for a residence permit.

2. Bank Account: The main applicant is required to open a Turkish bank account.

3. Documents and Investment: The required documents will be prepared, including translations and certifications. The investment is to be made in Turkish lira, equivalent to the USD amount.

4. Biometrics: The applicant must visit Türkiye to submit biometric data for the residence application.

5. Citizenship and Passport: Once the application is approved, citizenship documents will be issued, and the passport application can be submitted.

Note: Turkish gift and inheritance taxes apply to worldwide assets held by Turkish citizens, and professional advice is recommended for managing this.