Turkey Citizenship: Comprehensive Investment Guide

Residing in Turkey offers the delights of picturesque landscapes, coastal beauty, delectable cuisine, and the warmth of friendly neighbors. Turkish citizens lead a lively and affluent lifestyle.

Furthermore, Turkey holds strategic importance, positioned at the crossroads of Europe and Asia. These attributes make it a highly desirable place to live. With recent citizenship programs, entering Turkey has become more accessible, presenting expatriates with incredible business prospects and often lucrative investment opportunities. Turkish citizenship by investment was declared in 2016. Late in January 2017, the Turkish government announced a scheme to encourage foreign direct investment and enhance the real estate sector. Upon the introduction of Turkey’s investment citizenship program, the government initially stipulated a minimum entry cost of $1 million. However, recognizing the impracticality of this amount, the Turkish government subsequently reduced the required investment to $250,000 in mid-2019. 

The program allows applicants to select from a variety of economic contributions to Turkish society, thereby stimulating the country’s economy.

Turkey is a transcontinental Eurasian country, with Istanbul embracing Europe and Asia over the Bosphorus Strait. Its location at the crossroads of Europe and Asia makes it a country of great geostrategic significance.

Requirements of Türkiye citizenship by investment:

Turkey is a growing economy and regional power that provides citizenship to international investors. As an investor, you may tap into Turkey’s huge potential while also enjoying the country’s high-quality lifestyle.

To qualify for the citizenship program, you must make investments in one of the following ways:

• Make a minimum fixed capital investment of USD 500,000
• Invest in real estate property worth a minimum of USD 400,000
• Create jobs for at least 50 people
• Deposit a minimum of USD 500,000 in banks operating in Turkey
• Invest in government bonds worth a minimum of USD 500,000 and hold for 3 years
• Buy real estate investment fund shares or venture capital investment fund shares worth     a minimum of USD 500,000
• Deposit a minimum contribution of USD 500,000 in funds determined by the Insurance and Private Pension Regulation and Supervision Agency

Due Diligence 

Every applicant is required to possess a commendable character and undergo the due diligence procedures mandated by the Turkish government. Investors must furnish:

1. Police Reports – confirming a clear criminal record.
2. Absence of any unresolved visa refusals.
3. Various documents, encompassing financial records, employment/business documentation, ID, and proof of address.

Advantages of Opting for Turkish Citizenship through Investment:

Numerous perks come with acquiring Turkish citizenship through investment. Here are a few:

1. Reside, Work, and Study in Turkey:

With a Turkish passport, you and your family gain the privilege to live, work, and study in the country. Generate income from your real estate or rental properties. Plus, enjoy the ease of your children accessing the Turkish education system and experiencing the high-standard lifestyle, as the visa covers the entire family.

2. Swift Access to Citizenship:

Opting for Turkey’s citizenship by investment offers the fastest track to acquiring Turkish citizenship. With a $400,000 real estate investment, you can secure your Turkish passport in less than four months from the application submission.

3. E2 Alternative in Turkey:

Acquiring Turkish citizenship provides an excellent alternative for individuals ineligible for the E2 Visa through their original citizenship. E2 Visa applications are typically limited to citizens of countries with trade treaties with the US. Turkey citizens, however, qualify, allowing you to effortlessly apply for an E-2 investor visa under your Turkish citizenship.

4. Visa-Free Travel

When you receive your Turkish passport, you will be able to travel to around 110 countries without requiring a visa, visa on arrival, or Electronic Travel Authorization.

5. Dual Citizenship Rights

Turkey recognizes dual citizenship; therefore you don’t have to give up your nationality to obtain a Turkish passport. This is a significant advantage for many investors with commitments in their home country. 

6. Turkish Passport In Three Months

As soon as you make your deposit, you can apply for Turkish citizenship. And you will receive a Turkish passport within three to six months.

7. Business Prospects In European Economic Community (EEC) Countries

As a Turkish citizen, you can benefit from the Ankara Agreement, which allows Turkish nationals to work, start a business, and permanently relocate to an EEC country. Although a visa is necessary, the application process is simpler than in other countries.

Ready to make Turkey your new home?

Embrace the chance to secure a second passport and rely on our expertise at  ARY AAA Associates to ensure your journey is effortlessly smooth. Our Immigration team is made up of experts who specialize in helping individuals and families become residents and citizens of various countries. 

Apply now!