Turkey Citizenship By Investment
Turkey
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Turkey Country Overview
Turkey is a vibrant nation located in the south of Europe, the Middle East and Central Asia. It is bordered by eight countries, including Greece, Bulgaria, Georgia, Armenia, Iran, Iraq, Syria and the Black Sea.
The country is home to a diverse population of more than 81 million people, and its official language is Turkish. Politically, Turkey is a unitary parliamentary constitutional republic. The executive branch of government is composed of the president and the Cabinet, while legislative power is vested in the Grand National Assembly of Turkey. The country’s judicial system is based on a civil law system. Turkey has a diverse climate, ranging from temperate in the coastal regions to a dry continental climate in the interior. The country’s location gives it access to both the Black Sea and the Mediterranean Sea, and its high altitude makes for cooler temperatures in the interior.
Turkey’s economy is the 16th largest in the world, and its Gross Domestic Product (GDP) has been growing steadily in recent years. The country’s main industries are automotive, electronics, textiles and tourism. Most interestingly, Turkey offers a Citizenship by Investment program for investors who are looking to gain Turkish citizenship.
Turkey’s Citizenship by Investment program allows foreign investors to obtain Turkish citizenship by investing in the country. The program was launched in 2017 and has since attracted many foreign investors looking to benefit from the numerous advantages of being a Turkish citizen. The program offers a fast-track option for investors who wish to obtain citizenship within a short period. In addition, Turkish citizenship offers many benefits, including access to the European market, a favorable tax regime, and a high standard of living. Overall, the Turkey Citizenship by Investment program is an excellent opportunity for foreign investors looking to expand their business and personal opportunities.
This program has gained popularity recently due to Turkey’s strategic location, favorable business environment, and attractive investment opportunities. Our team guides investors through the entire process, from selecting the right investment option to obtaining citizenship. We understand the complexities of this program and work diligently to ensure a smooth and successful experience for our clients. If you’re interested in obtaining Turkish citizenship by investment, we’re here to help.
Turkey's Citizenship by Investment Program
Turkey’s citizenship by investment program provides an opportunity for foreign investors to obtain Turkish citizenship in exchange for an investment in the country. The program offers a range of benefits, including visa-free travel to more than 110 countries, tax breaks, access to a business-friendly environment, and the right to live, work, and study in Turkey.
The program requires a minimum investment of $400,000 in real estate, or the equivalent of $500,000 in Turkish financial products or business, and applicants must also meet certain eligibility criteria, such as proof of sufficient funds and a clean criminal record. With the program, investors can gain Turkish citizenship in as little as three months, allowing them to enjoy the country’s many advantages. The program has already naturalized over 9,000 people since its launch in 2018, and remains one of the most popular programs of this nature in the world.
The Turkey Citizenship by Investment Program allows applicants to invest in one of the following:
- Purchasing real estate in the amount of $400,000
- Invest a minimum of $500,000 in fixed capital
- Commit at least $500,000 into real estate investment fund share or venture capital investment fund share
- Deposit at least $500,000 into a Turkish bank account and hold them for 3 years
- Purchase government bonds for at least $500,000
- Create jobs for at least 50 people through enterprise establishment with a capital of at least $500,000
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Qualification Criteria
To qualify for the Turkey Citizenship by Investment Program, an applicant must:
- Be over 18 years of age
- Have a clean criminal record
- Have the sufficient means to make an eligible investment
Eligible Family Members
The Turkey Citizenship by Investment Program permits applicants to include an extensive selection of family members who are financially dependent on them in their applications. These individuals are:
Investment Options
Turkey offers various investment options for investors to choose from, all the investments must be held for a minimum of three years before they can be resold or recouped. These options are:
1) Real Estate
The most popular option by far under the Turkish Citizenship by Investment Program is the real estate option, where investors can buy one or more properties that amount to at least $400,000 to qualify. Turkey allows investors to choose any immovable property they like (residential, commercial, or land) on an open market with only one limitation; a property cannot be recycled for the use of gaining citizenship, meaning a property used in an application cannot be repurchased for another citizenship application.
The open market policy, coupled with Turkey’s magnificent housing market have made the program a great way to obtain a second citizenship while simultaneously making a great investment.
2) Financial Products
The other options under Turkey’s Citizenship by Investment Program are considered financial products as they relate to monetized investments or business capital. They all require an investment of $500,000.
The options are:
- Fixed capital investments
- Bank deposits
- REIT investments
- Business Establishment
- Government bond investments
These options have become less popular due to the Government’s requirement that they be made in Turkish Lira, which has a tendency for extreme fluctuation, meaning an investor would be susceptible to financial loss (or profit) at a higher risk margin.
The Process
Turkey’s Citizenship by Investment Program has a simple process consisting of a concise list of steps:
The Benefits
Turkey’s Citizenship by Investment Program has a wide array of benefits, including:
- Greater global mobility: Turkey's passport allows its holder to access over 110 destinations worldwide.
- Tax structuring: Turkey has several tax breaks that allow investors to alleviate their tax burden through savvy tax structuring.
- Strong Plan B: Having a second passport is the best way to hedge against political and economic instability and safeguard one's family and wealth.
- Remote and simple process: Turkey's Citizenship by Investment program does not require applicants to reside or travel to qualify for citizenship, and the entire process takes 3-4 months on average.