New Legislative Regulation
Turkish Citizenship by Investment was first introduced in 12.01.2017 and amended significantly on 18.09.2018. Within the scope of this regulation, Turkey will now grant citizenship to foreigners who buy real estate in Turkey worth at least $250.000 under the condition that the property is not sold for at least 3 years. By purchasing a property of valued minimum $250.000 USD in any part of Turkey or making $500.000 capital investment, a foreign investor will be able to get Turkish Citizenship for himself and the family within 3 months along with other investment options.
With the amendment made to the Regulations Regarding the Implementation of Turkish Citizenship Law, Foreigners who meet any of the following criteria may be eligible for Turkish citizenship, subject to the decision of the President of the Republic of Turkey:
1-)Real Estate Investment = $250.000
Acquiring a property worth a minimum of 250,000 USD (previously 1 million USD) or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years (attested by the Ministry of Environment and Urbanization)
For the real estate(s) purchased between the dates 12.01.2017 and 18.09.2018, the real estate must be worth at least $1.000.000 and above.
It is not possible to apply for citizenship with real estate(s) purchased before the date 12.01.2017 and the real estate(s) covered by an agreement for the promise of sale before the date 07.12.2018.
USD value of the property is calculated based on the effective exchange rate of Turkish Central Bank at the date of transaction. Real estate valuation report, bank receipts and title deed value must be more than the minimum investment amount each separately.
Joint owned property application and buying multiple properties is possible.
2-)Deposit Account at Turkish Bank = $500.000
Depositing at least 500,000 USD or equivalent foreign currency or Turkish lira in any bank(s) operating in Turkey with the condition not to withdraw the same for at least three years (attested by the Banking Regulation and Supervision Agency)
3-)Fixed Capital Investment = $500.000
Making a minimum fixed capital investment of 500,000 USD or equivalent foreign currency or Turkish lira (as attested by the Ministry of Industry and Technology)
4-)Government debt instruments = $500.000
Buying at least 500,000 USD or equivalent foreign currency or Turkish lira worth of government bonds with the condition that they cannot be sold for at least three years. (attested by the Ministry of Treasury and Finance)
5-)Real estate investment fund / venture capital investment fund = $500.000
Buying at least 500,000 USD or equivalent foreign currency or Turkish lira worth of real estate investment fund share or venture capital investment fund share with the condition that they cannot be sold for at least three years (attested by the Capital Markets Board of Turkey)
6-)Employing 50 People
Creating jobs for at least 50 employee (attested by the Ministry of Family, Labor and Social Services)
Keep your investment and its regular income & acquire citizenship at the same time.
Visa free travel to more than 100 countries, full health coverage for the whole family, pension program, free education at public schools and universities, etc.
No requirements to reside in Turkey during or after the application process.
No exam, interview, or complex procedures.
Multiple citizenship is allowed.
Open to almost all nationalities in the world.
Citizenship&Passports: 2-3 Months
Scope: Principal Applicant+Spouse+children under the age of 18
Investment holding period: 3 years