Overview of the Turkish Citizenship by Investment Programme

Turkish citizens enjoy visa free travel to over 100 countries

Dr. Antoine Saliba Haig | Published on 05 Jul 2019

Turkey Citizenship by investment publication

Turkey is a transcontinental country located in both Europe and Asia and since time immemorial has been regarded as a highly desirable destination given its unique geographical position. Turkey is nowadays regarded as one of the most respected countries globally due to its economic structure and stability and is in fact a member of the UN, NATO, the IMF, the World Bank and the G-20. 

Turkish Citizenship by Investment - Legislation 

The Turkey Citizenship by Investment Programme was launched in 2018 by virtue of an amendment to Turkish Citizenship Law no 5901. The objective of this legislation is to define the principles and procedures for the acquisition and loss of Turkish citizenship. In a recent amendment to this legislation, the investment amount required to obtain citizenship was reduced from USD $1 million to USD $250,000.

Turkish Citizenship by Investment - Eligibility Requirements

In order to apply for the Turkish Citizenship by Investment Programme, the main applicant must be of at least 18 years of age, in possession of a clean criminal record, and make an investment as stipulated by law in Turkey. 

The applicant may also include in the same application his or her spouse, and children under the age of 18. Adult children may not be included in the same application. 

There are in total six investment options available for the main applicant to choose from. An investment in one of these options will lead to the acquisition of Turkish citizenship within six months. 

Real Estate Investment

A main applicant may purchase real estate property (commercial and/or residential) in Turkey with a minimum value of USD $250,000 which is to be kept for only three years. The property bought under this programme may also be rented out.

Bank Deposit

A main applicant may deposit at least USD $500,000 in a bank operating in Turkey and keep the funds for at least 3 years. 

Fixed Capital Investment

A main applicant may make a fixed capital investment of at least USD $500,000 which should be attested by the Ministry of Industry and Technology.

Job Creation

A main applicant may establish an enterprise in Turkey and create jobs for at least 50 employees. 

Government Bonds

A main applicant may purchase Turkish government bonds with a minimum value of USD $500,000 which is to be kept for at least 3 years. 

Real Estate or Venture Capital Fund

A main applicant may make a minimum investment of USD $500,000 in a real estate investment fund share or venture capital investment fund share which is to be kept for at least 3 years. 

In addition to the above investment options, applicants are also required to pay government residence & citizenship fees and obtain a health insurance policy for all family members. 

Turkish Citizenship by Investment - Benefits

Obtaining Turkish citizenship has several benefits including the following:

  • Possibility to acquire Turkish citizenship within only 6 months
  • Visa free to over 100 countries including Japan, South Korea and others
  • The right to live and work in Turkey
  • Strong economy, G20 & NATO Member
  • Access to first class educational and health care benefits
  • Perfectly located between Europe, Asia and the Middle East
  • Investment in property may be sold after 3 years
  • Property acquired under the Turkey Citizenship Programme may be rented out
  • Possibility of including the spouse and children under the age of 18 in the same application
  • Turkey allows dual citizenship
  • No need to sit for a language or culture test
  • No minimum stay requirement
  • Citizenship transferable to descendants

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Key Contacts

Dr Jean-Philippe Chetcuti

Senior Partner, Global Residency & Citizenship

+356 22056411

Mr Kenneth Camilleri

Director, Tax & Immigration

+356 22056414

Dr Antoine Saliba Haig

Legal Associate

+356 22056446

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