Turkey Citizenship by Investment Program

Turkey Citizenship by Investment Program offers numerous benefits to investors, such as visa-free travel to 75+ countries, promising returns & a safe future through a fast-track process.

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Turkey Citizenship by Investment – An Overview

Global citizens prefer to invest in Turkey Citizenship by Investment program, making it one of the most popular among international investors. Investors seeking prompt citizenship through the investment route can choose one of the five alternatives available in Turkey - purchasing real estate, buying units in an investment fund or government bonds, investing in a Turkish company, or opening a bank deposit.

With a minimum requirement of $400,000, global investors can acquire a second passport in one of the world's most beautiful countries. The process to obtain Turkish citizenship takes between 3 to 6 months. Investors can yield high returns on their real estate investment in Turkey, which has been witnessing a price boom in property prices, boosting at an annual rate of 15–25%. Investors can leverage various benefits, including visa-free travel to 70+ countries and dual citizenship. Get Enterworld expert assistance to benefit from Turkey Citizenship by Investment Program.

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Who can get Turkey Citizenship?

Different individuals can obtain Turkish citizenship, including foreign investors, people with Turkish heritage, long-term residents, or spouses of Turkish citizens. However, the eligibility criteria for Turkey Citizenship by investment program depend on investment, residency, descent, or marriage.

Investors

The main investor must be above 18 years old, with no past criminal record or previous prosecution. The investor should not be suffering from any serious illness and should be able to prove the legality of the source of income.

Spouse

The spouse of the main applicant is also eligible to apply for Turkey Citizenship by Investment along with the applicant in a single application.

Children under 18

Children under 18 years of age who are entirely dependent on the main applicant are also eligible to apply for Turkish citizenship in a single application along with the primary investor.

Turkey Citizenship by Investment

Requirements of Turkey Citizenship by Investment

Applicants who are keen to obtain Turkey Citizenship by Investment are required to meet the criteria set under the rules governing this citizenship route, including a minimum investment amount of $400,000, a clean criminal record, and a commitment to hold the investment for three years.

Minimum Investment

It is mandatory for the applicants to invest a minimum amount of $400,000 in any of the available investment routes - real estate, government bonds, a business, an investment fund, or a Turkish bank deposit to become eligible for Turkish citizenship.

Investment Holding Period

As per the rules of Turkey Citizenship by Investment program, investors are mandated to invest for a minimum period of three years, making a long-term commitment to the Turkish economy, and facilitating successful citizenship approval.

Clean Criminal Record

The applicants must be able to prove their past is free of any criminal activity during the background checks conducted in their home country or country of residence. They must exhibit good character to be eligible for Turkish citizenship.

Legal Entry and Stay

It is important for global investors to enter Turkey legally. They must also acquire valid residency status or proof of legal stay while the application and investment process is ongoing.

Proper Documentation

It is mandatory for the applicants to submit their legal documents to proceed with their citizenship application, including passports, birth certificates, proof of funds, and property or investment documents for review by the concerned Turkish authorities.

Government Approval

It is important for the investors to get approvals and authorization for the investment by the concerned Turkish ministry or authority, including the Ministry of Environment and Urbanization or the Capital Markets Board.

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Benefits of Turkey Citizenship Program

The citizenship of Turkey offers various benefits to investors, including global mobility, profitable returns on investment, and lifestyle advantages. Through the Turkey Citizenship Program, investors can easily access the international markets, enjoy comfortable relocation options, and a safe future for the whole family.

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Travel to the Schengen Area

Investors who obtain citizenship under Turkey Citizenship by Investment program can acquire a long-term C-2 Schengen visa with a validity for five years. This visa allows Turkish citizens to stay in Schengen countries for up to 90 days within any 180-day period across 27 European countries.

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Visa-free Entry to 70+ Countries

Turkish citizens can benefit from visa-free travel to more than 70 countries, including popular global destinations such as Japan, Singapore, and South Korea, boosting global mobility with minimal restrictions.

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Safe Haven

Turkey offers a safe haven for investors and their families in case of turmoil in their home countries. The investors can ensure personal and family safety by entering Turkey as its citizens to avoid health, financial or political crises, even if the borders are sealed for non-citizens.

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E-2 Business Visa to the USA

Turkish citizens are eligible to apply for E-2 visa to the US to run their businesses there. The investors must commit any amount over $100,000 to qualify.

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Tourist Visa to the USA

Turkish citizens are eligible for U.S. B-1/B-2 visa, which can be applied through the American consulates in Istanbul or Ankara. However, it is a must to follow the simple interview process.

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Prospect of Investment Return

Investors who apply under Turkey Citizenship by Investment program are eligible to sell their Turkish property after a period of three years. There is no legal binding for the investor to hold the property after a three-year holding period, making it easy to recover the investment amount legally and flexibly.

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Easy Path to Citizenship for a Family

Investors and their dependents can easily obtain citizenship in Turkey under its Citizenship by Investment program without having to undergo language tests or mandatory stays. The overall process usually takes a few months to complete, after which the investors and their dependents can enjoy the benefits offered to Turkish citizens.

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Profitable Investment

Investors can choose to invest in property, stocks, or businesses at their own convenience. However, investors who plan to invest in Turkish real estate must know that this investment is sure to yield profitable results, as real estate in Turkey has consistently witnessed an annual increase. Since 2015, property values have witnessed sixfold value growth.

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Right to Keep Other Passports

Investors seeking Turkish citizenship are eligible for dual passports, making it easy for the investors to retain their original citizenship. However, the investors must check with their home countries about the provisions for dual citizenship.

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How to Obtain Turkey Citizenship?

Turkey Citizenship by Investment program is a well-organized and systematic process that involves various steps, including legal stay, investment, and documentation. It is a stepwise process, and investors should follow the below-given steps to obtain their Turkish citizenship:

Select an Authorized Agent

The first step in the process of obtaining citizenship is to choose a government-approved agent like Enterworld who can guide you well throughout the application process.

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Get a Turkish Tax ID

Investors keen to obtain Turkish citizenship through the investment programs must first apply at the local tax office with their passports to receive their Turkish Tax Identification Number.

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Open a Turkish Bank Account

The next step in the process is to open a local bank account in Turkey to be able to carry out the investment transaction.

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Make the Qualifying Investment

The investors must invest at least $400,000 in real estate or $500,000 in other government-approved assets or funds, choosing the alternative according to their convenience.

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Obtain a Certificate of Eligibility

The next step requires the investors to obtain a certificate from the appropriate Turkish authority, which confirms the investment meets program requirements.

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Apply for a Residence Permit

The next step requires the investors to apply for a short-term residence permit based on their mode of investment in Turkey.

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Submit Citizenship Application

Once the above steps are complete, the investor is required to file their citizenship application and attach all the relevant documents to the application at the Provincial Directorate of Census and Citizenship.

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Await Approval

Once the application has been submitted, the investors have to wait while their application is under review. It takes 3 to 6 months for the authorities to complete the processing, and after receiving the approval, a Turkish passport is issued.

Documents Required

Documents Required to Obtain Turkey Citizenship

Given below are the documents needed to obtain Turkey Citizenship-

  • Copy of Valid Passport – Notarized and translated into Turkish
  • Official Birth Certificate – Applicant & family members, translated & notarized
  • Proof of Investment – Real estate deed or bank deposit confirmation
  • Criminal Record Certificate – From the country of origin or residence
  • Biometric Photos – Recent passport-size biometric photographs
  • Application Forms
  • Turkish Tax ID Number
  • Residence Permit
  • Marital Status Certificate

Flourishing Industries

Profitable Businesses for Entrepreneurs in Turkey Citizenship

Real Estate Development

Tourism & Hospitality

Export-Import Business

Construction & Infrastructure

Renewable Energy

Agribusiness & Food Processing

Textiles & Apparel Manufacturing

Technology Startups

Healthcare & Medical Tourism

Investment Options for Turkey Citizenship

Global investors have five options to invest in Turkey Citizenship by Investment program - Real estate worth $400,000+, Turkish business worth $500,000+, Bank Deposit worth $500,000+, government bonds, or units in an investment fund. The Turkish citizenship law mandates that investors deal with investment amounts in U.S. dollars to facilitate stability and offer protection against the volatility of the Turkish Lira.

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Real Estate Purchase ($400,000+)

As property prices in Turkey appreciate at 15–25% annually, the real estate investment rate offers investors high-value returns. With about 95% of investors choosing this option, it is one of Turkey's most preferred routes to seeking citizenship. Investors are also free to buy housing and commercial facilities. However, they must purchase a land plot if it has a building worth at least $400,000 or a building permit is issued.

This property can be sold off after a holding period of three years to recover the cost of investment. However, the buyers of this property are not eligible to apply for Turkey Citizenship by Investment program. Investors are free to buy various properties with a cumulative investment amount of $400,000, provided they have TAPU for each. TAPU is a document that proves the ownership of the property. However, if TAPU has not been obtained, the investors should furnish a preliminary sales agreement that includes all the properties. It is important to note that the investment amount does not depend on the number of family members of the main investor.

Expenses Investor
Purchase of real estate $400,000
Related taxes and fees $14,000+
Government fees under the citizenship program $574 per family member
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Business Investments — $500,000+

Investors can select the business investment option to obtain Turkey Citizenship by Investment. To facilitate this transaction, they must invest in the capital stock of a Turkish company. However, another way is to incorporate a company in Turkey, potentially creating at least 50 jobs. The investors are free to sell the shares of their business after three years.

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Deposit in a Turkish Bank — $500,000+

The investors can also choose to invest $500,000+ in a Turkish bank deposit. They are free to withdraw the funds from the account after three years.

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Purchase of Units in an Investment Fund — $500,000+

Investors can also choose to invest $500,000 or more in a Turkish real estate or venture capital investment fund, which is approved by the Capital Markets Board. They can sell these units after three years. However, during the ownership period, the investor receives passive income through this fund.

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Purchase of Government Bonds — $500,000+

The investors can also invest $500,000 in Turkish government bonds that are approved by the Ministry of Treasury and Finance. They must, however, hold these bonds for at least three years.

Regulatory Framework for Turkey Citizenship by Investment

The Turkey Citizenship by Investment Program functions under a well-defined legal framework, facilitating transparency and compliance. Distinct laws and regulations govern the eligibility, types of investment, and application procedures for global investors, including the following:

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Turkish Citizenship Law No. 5901

The primary legislation underscoring the procedures and provisions of Turkey Citizenship by Investment program. It also governs the regulations for naturalization through investment.

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Regulation No. 2016/9601 (Amended 2018)

Regulation No. 2016/9601 was introduced and later amended in 2018. It outlines the minimum investment thresholds, simplifying the process for Turkish citizenship for global investors.

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Presidential Decree No. 106 (2018)

Presidential Decree No. 106 was introduced to lower the minimum investment amount to streamline the citizenship process and make it more accessible to global investors by setting thresholds like $400,000 for real estate.

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Ministry Oversight

Ministry of Environment and Urbanization, Treasury and Finance, and Industry and Technology are responsible for supervising the investment approval based on the type of investment chosen by the investor.

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Capital Markets Board Regulations

The Capital Market Board of Turkey governs the regulations of investments in real estate or venture capital funds, and investors must comply with these regulations to facilitate a smooth process.

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Turkish Land Registry and Cadastre Guidelines

Turkish Land Registry and Cadastre Guidelines for real estate investments ensure the legality of the ownership of the property and proper documentation during the citizenship application process.

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Regulatory Framework Points

Banking Regulation and Supervision Agency (BRSA)

Investors who choose to invest in bank deposits for Turkey Citizenship by Investment program are required to adhere to the BRSA regulations to be eligible for the program.

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Application Oversight by General Directorate of Population and Citizenship Affairs

The General Directorate of Population and Citizenship Affairs is the authority responsible for managing and processing citizenship applications and ensuring procedural adherence.

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No Dual Citizenship Restrictions

The legal framework facilitates global investors to enjoy dual or multiple citizenships unless it is restricted by the law of the applicant’s home country.

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Timeline to Get Turkey Citizenship by Investment

Turkey Citizenship by Investment is one of the fastest ways to obtain citizenship in Turkey through a structured process. However, the time to receive citizenship depends on the type of investment and the completion of the documentation process. Overall, the investors usually acquire their Turkish citizenship within 4 to 6 months.

Appoint a Legal Representative: 1 to 2 Weeks

Global investors must find a licensed attorney to deal with their application process. The legal representatives also recommend the best investment route for the investors to initiate the citizenship process and help with paperwork and compliance steps.

Document Collection and Investment Completion: 2 to 4 Weeks

The time taken to collect the documents includes notarizing the documents, translating them, making the chosen investment in business, real estate, bank deposit, or government and obtaining a Certificate of Conformity in 2 to 4 weeks.

Residence Permit & Citizenship Application: 2 to 3 Weeks

This step involves investors who are seeking residence permits and then submit their citizenship application to the concerned Turkish authority. It takes about 2 to 3 weeks to complete this step.

Background Check and Approval: 3 to 4 Months

The due diligence checks are conducted by the government of Turkey to validate the background and integrity of the investors. Once cleared, the citizenship certificate is issued, and this process takes 3 to 4 months to complete.

Passport Issuance: Within 1 Month

Once the investors clear the due diligence process and receive their citizenship certificate, they become eligible to apply for a Turkish passport, which they obtain within one month.

Case Studies

Case Study

Case Study 1: Strategic Relocation for Family Security

  • Client: Lebanese businessman with a growing logistics enterprise
  • Challenge: The client was adamant about securing a stable second home for his family amid the instability in the region. He also wanted to give improved educational opportunities to his children in Europe.
  • Solution: We recommended that he apply for Turkey citizenship by Investment program through residential real estate worth $450,000 in Istanbul.
  • Outcome: The client and his family obtained their Turkish passports in six months. After relocating, the client and his family feel safe and happy about global mobility. They have access to better healthcare services and educational institutes.

Case Study 2: Seamless Market Entry for African Investor

  • Client: Nigerian Agritech entrepreneur expanding operations into Europe and the Middle East.
  • Challenge: The client was facing challenges in global business expansion due to limited visa access, which was hampering his ability to meet distributors and explore partnerships across Europe.
  • Solution: We suggested that he pursue Turkey Citizenship by Investment program by contributing $500,000 to a bank deposit, which would facilitate a hassle-free and quick pathway to a second citizenship.
  • Outcome: The client received his Turkish citizenship within six months, significantly boosting his international mobility. Turkish citizenship has ensured a prompt market entry for him, and he can now engage freely with investors across the EU.

Case Study 3: Tax-Efficient Residency for Global Investor

  • Client: Canadian investor with multi-national business interests.
  • Challenge: The client was keen to seek a tax-friendly jurisdiction that would give him strategic access to European as well as Asian markets to optimize global operations.
  • Solution: We recommended Turkey Citizenship by Investment pathway through investment in commercial real estate worth $600,000 in Izmir’s business district.
  • Outcome: The client secured his second passport within five and a half months, streamlining his international travel and optimizing global tax planning within Turkey’s business-friendly policy framework.
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10 Reasons to Choose Enterworld

Our Offerings for the Turkey Citizenship Program

  • Offered professional support to 100+ clients in obtaining their Turkish citizenship.
  • Supporting clients in collecting and managing their paperwork requirements to initiate their citizenship process.
  • Helping clients select the most suitable investment plan depending on their financial and personal goals.
  • Coordinating with legal experts to facilitate legal and regulatory compliance with Turkish citizenship laws.
  • Conducting due diligence reviews to assess the investment and risks associated with it.
  • Liaising with Turkish authorities to streamline the application process and ensure quick approvals.
  • Providing translation and notarization services for all foreign documents.
  • Offering post-citizenship support, including passport applications and property management, helping clients settle in their new homes.
  • Helping families, including spouses and children, manage their citizenship under one application.
  • Delivering end-to-end service within a 6-month timeline for most applicants.
How We Assist

How does Enterworld assist in Obtaining Turkey citizenship?

Enterworld is committed to simplifying and delivering Turkey Citizenship by Investment process. Our global consultants are professionals who offer expert guidance and help clients meet their legal compliance by completing hassle-free procedures for Turkish citizenship. We offer comprehensive support, streamlining all the stages of Turkey Citizenship by Investment process.

  • Our consultants review the eligibility criteria and residency requirements, helping clients choose the most efficient investment alternative to obtain their Turkish citizenship.
  • We guide our clients in helping them make the right decision about property investment, bank deposits, etc., as per Turkish citizenship rules by simplifying and helping them understand the legal conditions well.
  • We help our clients with managing the mandatory legal and financial documents to facilitate a stress-free citizenship application procedure.
  • We help connect our clients with a legal representative to help file their citizenship applications without any legal hassles.
  • We track the status of the submitted application, assisting the clients through background checks to facilitate on-time delivery of passports after receiving citizenship approval from the Turkish government.

FAQs on Turkey Citizenship by Investment Program

Global investors need to fulfil the minimum investment requirement of $400,000 to obtain Turkish citizenship. This amount can be invested in real estate. However, they can opt for other options, such as bank deposits or business investments, which mandate a minimum sum of $500,000 for investment.

Turkey Citizenship by Investment is a long, systematic and detailed process involving various steps. While the overall process takes between 3 to 6 months to complete, the timeline varies depending on the type of investment, time taken to complete the application process and on-time submission. The timeline may get delayed if the processing and government approval speed is sluggish.

Yes, as per Turkish Citizenship by Investment rules, family members of the main investor, including spouses and children under 18, are also eligible to obtain Turkish citizenship under a single investment. However, every member has to undergo a due diligence process individually.

Yes, global investors can hold dual or multiple citizenship under Turkey's citizenship laws. However, the investors must confirm with their home country whether dual citizenship is permitted under its citizenship rules. If yes, then investors can hold dual citizenship without the need to relinquish their citizenship in their home country.

Yes, investors are eligible to sell the property after completing the mandatory holding period of three years. However, if the investors choose to sell the property earlier, their citizenship may be revoked, and the new buyer will not be eligible to apply for Turkish citizenship.

No, the investors are not mandated to live in Turkey to maintain their citizenship, as there is no residency requirement before or after obtaining citizenship through investment. Investors can choose to live anywhere once they have obtained their Turkish passports.

Yes, Turkish laws permit investors to lease or rent out their property even when it is under a mandatory holding period under the citizenship program. This way, investors can leverage their assets as a source of generating income.

Different types of real estate properties, including residential, commercial, or mixed-use properties, qualify under Turkey Citizenship by Investment program. However, the land must either have a building permit or a constructed property worth at least $400,000 under the rules of this program.

Yes, investors can recover the investment amount used to obtain Turkish citizenship by selling their real estate or withdrawing their bank deposit after the holding period of three years. It is important to note that there are no restrictions on repatriating the funds after the mandatory holding period.

No, investors can not apply for a Turkish passport without following the due procedure to obtain Turkish citizenship through investment first. Once the citizenship application is approved by the government authorities, investors can proceed to apply for Turkish passport.

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