ACQUISITION OF THE TURKISH CITIZENSHIP BY INVESTMENT

With the recent changes in the legislation, Turkish Republic started to grant citizenship to the individuals who invest in Turkey without a mininum residence requirement. The citizenship opportunity has become even more attractive as the minimum investment figures have been further reduced in 2018 and the whole process is usually completed within 2- 3 months.

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:

  • Made a minimum fixed capital investment of USD 500,000 or equivalent foreign currency or Turkish lira, as attested by the Ministry of Industry and Technology

  • Acquired a property worth a minimum of USD 250,000 or equivalent foreign currency or Turkish lira with a title deed restriction on its resale for at least three years, as attested by the Ministry of Environment and Urbanization

  • Created jobs for at least 50 people, as attested by the Ministry of Family, Labor and Social Services

  • Deposited at least USD 500,000 or equivalent foreign currency or Turkish lira in banks operating in Turkey with the condition not to withdraw the same for at least three years, as attested by the Banking Regulation and Supervision Agency

  • Bought at least USD 500,000 or equivalent foreign currency or Turkish lira worth of government bonds with the condition that they cannot be sold for at least three years, as attested by the Ministry of Treasury and Finance

  • Bought at least USD 500,000 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, as attested by the Capital Markets Board of Turkey

  • Purchased the immovable property whose condominium or floor easement is established with the value of at least 250.000 US Dollars or equivalent foreign currency or equivalent amount of Turkish Lira paid in cash in advance of the sale of the contract held by the notary public and attaches annotation at land registration not to sell or transfer this property for three years.

In addition, the transition between investment types is possible to complete the specified 3-year period.

The spouse and children below 18 years old of the applicant who applied for Turkish citizenship by investment can acquire Turkish citizenship within the same time.