Turkey – Citizenship Program

Turkey is a unique country where part of it is Europe and part of it is Asia. It is a true cosmopolitan nation filled with dramatic landscapes, blend of many cultures and is a home to numerous ancient ruins and historical sites from various civilizations cited in Bible and historical books. The country thrives on its tourism industry, agriculture, textile and apparel industry, transport and logistics, energy as well as information technology and telecommunications. 

The Turkish citizenship by investment program is one of the most popular ones among investors. More than 13,000 investors and their families have obtained Turkish citizenship through the program since it lowered its minimum investment requirements in 2018.

RESIDENCE PERMIT

AT A GLANCE

Investment from

USD 400,000

Processing time

3- 6 months

Physical Presence

None

Time to Citizenship

3-6 months

Residence Tax

15-40%, non-residents are taxed on Turkish source income only

Visa Free Destination for Citizen

110 countries

Benefits

  • Ease to obtain Schengen visa: citizens of Turkey can get a C-2 Schengen visa for 5 years which allows them to remain in the Schengen countries for up to 90 days.
  • Visa free or on arrival visa to 110 countries including Japan, Singapore. South Korea, Hong Kong, Mexico and almost all Latin American countries.
  • Dual citizenship allowed
  • No residence or language requirements to obtain citizenship. 
  • Investor are permitted to bring their spouse, dependent children under 21 year old and parents with them. All members will have access to free healthcare, just as the locals.  
  • All investment could be withdrawn after 3 years and the citizenship will still be maintained for life.

Investment Options

Purchase of real estate

Min. USD 400,000

The most attractive investment type as the property value in Turkey has appreciated over the past decades, with a growth of 15-25% annually. It could be an investment in residential or commercial housing, or even a land plot. The property could be sold after 3 years. Financing is possible but citizenship will not be granted until the mortgage is fully paid.

Business investment

Min. USD 500,000

Invest in a Turkish registered company. Investor can also start his own business that creates at least 50 jobs for the locals. The minimum holding time would be three years.

Capital Transfer into the country

Min. USD 500,000

This amount can deposited in a Turkish bank, purchase government bonds or units in an investment fund. One big advantage of capital transfer is that the sum does not need to be deposited in Turkish Lira. It is recommended that capital transfer accounts are maintained in stable currency such as USD or EUR.