Let us dive into Turkish Citizenship by Investment, how it benefits you, qualifications and how to apply for one.
Turkey, with its rich history, stunning locations, and vibrant culture, is undeniably a top-ten global tourist destination, drawing visitors from Europe, especially Germany and Russia. In 2019, just before the COVID-19 pandemic, Turkey ranked sixth worldwide in international tourist arrivals, hosting a whopping 51.2 million foreign visitors. But Turkey isn’t just about beautiful heritage; it’s a multicultural gem known for its delectable cuisine, lively music, arts, entertainment, and bustling markets.
For those born to a Turkish parent, Turkish citizenship is a birthright. Even children adopted by Turkish citizens automatically become Turkish citizens if they’re under 18 at the time of adoption. However, if you’re a foreign national dreaming of Turkish citizenship, the process involves naturalization.
Foreign nationals married to Turkish citizens for at least three years, and still married, can also apply for citizenship under specific conditions:
- Residence with the Turkish spouse (exceptions made if the Turkish spouse passes away after the application).
- No actions that jeopardize the marriage.
- No threat to national security or public order.
The Turkey Citizenship-by-Investment Program, launched in January 2017, aims to attract foreign direct investment and stimulate growth in the country’s real estate sector. This program offers various economic contributions that benefit Turkish society and bolster the nation’s economy.
Here’s why the Turkey Citizenship-by-Investment Program is an appealing option:
- Visa Freedom: Gain visa-free or visa-on-arrival access to 111 destinations, including sought-after locations like Hong Kong, Japan, and Singapore.
- Quality of Life: Experience Turkey’s Mediterranean climate, high standard of living, and beautiful landscapes, all while enjoying a diverse culture.
- No Residency Requirement: You’re not obligated to reside in Turkey to obtain citizenship through investment.
- Family Inclusion: Full citizenship extends to the applicant and their family members.
- E-2 Investor Visa for the USA: Become eligible for an E-2 Investor Visa in the United States for a renewable five-year period. This allows you to explore opportunities in the land of dreams. Turkey is one of the select few countries with a visa treaty offering this privilege.
Turkey is not just a travel destination but also a place where you can put down roots and become a part of its vibrant culture and community through the Turkey Citizenship-by-Investment Program. It opens doors to a world of possibilities and experiences, both in Turkey and beyond.
Turkish Citizenship by Investment – How to Qualify?
To qualify for Turkish citizenship, the main applicant must meet one of the following investment requirements:
- Invest a minimum of USD 250,000 in real estate.
- Invest at least USD 500,000 in government bonds.
- Deposit a minimum of USD 500,000 into a Turkish bank account.
- Invest a minimum of USD 500,000 in fixed capital contribution.
- Invest at least USD 500,000 in their venture capital investment fund share or real estate fund share.
- Create jobs for at least 50 people, as authorized by the Ministry of Family, Labour, and Social Services.
The processing time typically takes six to nine months, from the submission of the application to approval. The main applicant can include their spouse, dependent children below the age of 18, and children of any age who have disabilities in their application.
Once applicants have selected their qualifying investment option, a residence permit application is made on behalf of the family. The main applicant is then required to open a bank account in Turkey.
After preparing all necessary application documents, including certifications and translations, the investment can be completed, and the documents are submitted to the government. Upon receipt of the application, the government initiates the review process, which may include an interview. Typically, applications are approved within 120 days, after which citizenship documents are issued, and the passport application can be submitted.
