TURKEY CITIZENSHIP BY INVESTMENT
Turkey launched a Citizenship by Investment program (CBI) in 2017. In 2018, the Turkish government cut the investment amount significantly to make the program more competitive. The Turkish CBI offers several investment option to applicants, with the most popular being the property purchase. Most investments are required to be held for 3 years from the time of investment. The Turkish passport offers visa free travel to many destinations in the world but not in the EU or the US. Although, Turkey has held talks for visa-liberalization with the EU in 2013 and there is hope that the process will take place in the future.
Location
Asia
Population
80 million
Capital
Ankara
Currency
Turkish Lira
Language
Turkish
Investment Amounts
| Citizenship by Investment | |
|---|---|
| Fixed Capital option | make fixed capital investment at least 500.000 US Dollars for whom certificate of conformity is issued by the Ministry of Industry and Technology, |
| Real Estate option | purchase the immovable property at least 250.000 US Dollars for whom a certificate of conformity is issued by the Ministry of Environment and Urbanization, |
| 50 Jobs option | employ at least 50 employees and for whom a certificate of conformity is issued by the Ministry of Family, Labor and Social Services, |
| Bank Deposit option | invest at least 500.000 US at banks operating in Turkey and for whom a certificate of conformity is issued by the Banking Regulation and Supervision Agency, |
| Bond option | purchase public borrowing instruments at least 500.000 US Dollars for whom certificate of conformity is issued by the Ministry of Treasury and Finance, |
| Investment Fund option | purchase a real estate investment fund participation share or venture capital investment fund participation amount of at least 500.000 US Dollars for whom a certificate of conformity is issued by the Capital Market Board, |
Application Process
Stage 1 Month 1
Obtain the documents required for the residence permit within the scope of item (j) of Article 31 of the Law 6458. Obtain a certificate of eligibility. Finalize investment and gather the documentation.
Stage 2 Month 2
Apply to the Provincial Directorate of Immigration Administration of the settlement. Obtain the documents required for the citizenship application. Apply to the Provincial Directorate of Census and Citizenship of the settlement. The citizenship file is applied and sent to NVIGM.
Stage 3 Month 6
Receive approval after 3-6 months and make the oath of allegiance. Receive naturalization certificate and apply for passport