Citizenship | Turkey
Overview
Turkey is a major transcontinental country strategically positioned and bordered by three seas. A popular tourist destination, Turkey’s location facilitates connectivity with key markets via excellent transport links. Although Ankara is its capital, the leading global city of Istanbul is Turkey’s largest and is its main commercial and cultural center.
Investment: Minimum donation of USD 4,00,000
Processing time: Approximately 120 days from submission of the application to approval.
Key benefit: The right of free movement to Turkey, Hong Kong, Japan, and Singapore, among others.
Benefits of Turkey Citizenship by Investment:
—–Visa-free or visa-on-arrival access to over 110 destinations including Hong Kong, Japan, and Singapore
—–Citizenship of a country that enjoys a mild Mediterranean climate, beautiful scenery, and a high standard of living.
—–Full citizenship was granted to the applicant and included family members
—–Eligibility for an E-2 Investor Visa in the USA for a five-year renewable period
Requirements of Turkey citizenship by investment
To qualify for citizenship, the main applicant should fulfill one of the following investment requirements:
—–Acquire at least USD 400,000 worth of real estate
—–Invest a minimum of USD 500,000 fixed capital contribution
—–Deposit at least USD 500,000 or equivalent foreign currency or Turkish lira into a Turkish bank account
—–Commit at least USD 500,000 or equivalent foreign currency or Turkish lira into government bonds
Procedures and Time frame of the Turkey Citizenship by Investment Program
After applicants have chosen the qualifying investment option, a residence permit application shall be made on the family’s behalf. The main applicant is then required to open a bank account in Türkiye.
Once all application documents have been prepared (including applicable certifications and translations), the investment can be completed and the documents submitted to the government. Once the application has been received by the government, the review process will begin and an interview may be requested. Applications are typically approved within 120 days, following which the citizenship documents are issued. The passport application can then be submitted.
Please note that Turkish gift and inheritance taxes apply to worldwide assets held by Turkish citizens. We recommend that you seek appropriate professional advice in this regard.