Turkish Citizenship by Investment is a program by the Turkish government to help foreigners acquire Turkish citizenship. This program is to attract expat investors who are ready to invest in the country.
How to Obtain Turkish Citizenship by Investment
The government of Turkey offers citizenship to foreign investors under the following conditions:
Fixed Capital Investment
If they make a fixed capital investment worth USD 500,000 or equivalent in Turkish Lira or any other foreign currency. This investment is subject to confirmation from the Ministry of Industry and Technology.
Buying a property worth USD 250,000 or equivalent in foreign currency or Turkish Lira can help you get Turkish citizenship. You will have to hold the property for a minimum of three years and prepare a deed stating the same. This deed should then be attested by the Ministry of Environment and Urbanization in order for you to be eligible to apply for a citizenship.
If an expatriate creates employment opportunities for at least 50 people, he/she will be eligible for a Turkish citizenship. The employment of 50 people should however be attested by the Ministry of Family, Labor and Social Services.
If you make a bank deposit worth USD 500,000 or equivalent Turkish Lira or any other foreign currency, with the condition of not withdrawing the same for at least three years, you will be eligible for Turkish citizenship. This deposit along with withdrawal condition should be attested by the country’s Banking Regulation and Supervision Agency.
Buy Government Bonds
If a foreign national purchases government bonds worth USD 500,000 or equivalent foreign currency or Turkish Lira, with the condition of not withdrawing the amount for three years at least, he/she will be eligible for Turkish citizenship. This investment and condition should be attested by the Ministry of Treasury and Finance.
Purchase Real Estate Investment Fund Share Or Venture Capital Investment Fund Share
If a foreigner purchases real estate investment fund share or venture capital investment fund share worth USD 500,000 or equivalent foreign currency or Turkish Lira, with the condition of not selling them for three years at least, he/she can apply for citizenship. This purchase should be attested by the Capital Markets Board of Turkey.
How Long does the Citizenship Process take?
Usually the whole process is completed within 30 days, provided the said criteria is met by foreign investors.
Benefits of Turkish Citizenship
- Get the 52nd strongest passport in the world
- Visa free entry to 77 countries
- No residency permit required
- You do not have to necessarily live in Turkey after acquiring citizenship. You can continue to live abroad.
- No need to renounce your nationality. Turkey allows dual citizenship.
- Access to complete, free of cost medical insurance
- Benefit from Pension Programs as the local citizens
- Get Access to free education and university reimbursement plans
- Gives you the right to vote
You certainly would not want to miss out on these benefits. Apply for Turkish citizenship now!