The Turkey Citizenship by Investment programme was created by Article 12 of the Turkish Citizenship Law No. 5901promulgated on 28 July 2016. On the proposal of the Ministry, a foreigner may acquire Turkish citizenship by the decision of the Council of Ministers.View Agents
Mobility : Visa-free access to 111 countries
Minimum Capital Outlay : $ 250,010
Application Processing Time : ~ 5 Months
Physical Presence : Recommended
Minimum Criteria : Choice of Real Estate, Capital Investment, Job Creation, Bank Deposit, Government Bond, Fixed Capital and Investment Project;
Pre-requisites : Main applicant must be at least 18 years of age;Investments must be kept for a minimum of 3 years;
Turkey is located in Asia Minor, at the south-eastern gate of Europe, with a population of 80 million. Its capital is Ankara, and the official language spoken is Turkish. Turkey uses the Turkish lira as its currency.
The Republic of Turkey is a member of NATO and one of the wealthiest economies of the Middle East. Turkey has the world's 13th largest GDP by purchasing power parity (PPP), with a diverse economy and a strong manufacturing industry and shipping industry.
Istanbul is the largest city in Turkey and has more than 15 million inhabitants. Istanbul is a vibrant and cosmopolitan city with a strong economy. The Ataturk Istanbul Airport is one of the world’s busiest. Turkey has emerged in the last decade as one of the countries with the most touristic arrivals.
Benefits of the Turkey Citizenship by Investment programme
The Turkey Citizenship by Investment programme provides applicants with the citizenship and passport of Turkey. Turkey might in the future become part of the European Union.
The citizenship programme allows the main applicants to request their spouse and minor children be admitted into Turkish citizenship.
Turkey’s tax on local income is capped at 35% and there is no tax on capital gains on dividends on locally traded shares.
To apply for citizenship through the Turkey Citizenship by Investment programme one of the following committments is required:
Investments are required to be held for at least 3 years.
Further to this, the amount of government-related administrative fees is approximately TRY 15 per person.
This means that the total capital outlay for a single applicant would amount to approximately USD 250,000. This indicative amount excludes service providers’ professional fees and any other fees not stated herein.
The Application Process
The application process typically commences with the signing a client agreement with a service provider. This is followed by gathering all the required documents. The investment is made and evidence shown to the authorities. If the real estate option is chosen, the applicant will need to have the transaction finalized and pay all required state fees. An application will need to be made at the General Directorate of Land Registry and Cadastre, afterwhich it takes 3 to 7 days for their office to give approval for citizenship.
Once the pre-requisites are complete, an application for a residence permit is made before applying for citizenship to the General Directorate of Population and Citizenship, on the same day.
Once the application for citizenship is sent, it is processed in a special Citizenship Information Office in Istanbul and Ankara, which finalizes the process of acquiring citizenship within 30 days. Once approved, the citizenship certificate is issued.