Turkey Citizenship by Investment
Turkey being a business-friendly jurisdiction and strategic location has been a driving factor behind the highly popular Turkey Citizenship-by-Investment Program. Strategically located between the Middle East, Central Asia, the Mediterranean, and the Balkans the location again speaks for itself. The exceptional asset-based real estate investment option coming in at USD 250,000 again makes it an easy decision for Global investors. The ability to exit an appreciating investment after a 3-year holding period means funds are not tied up for extended periods. The processing of Citizenship is also extremely expeditious leading to investors gaining the Turkey Passports in as little as 3 months with no physical presence required.
Benefits
- Residence granted from the outset of application and Passports granted within 6 months
- Asset-Based investment option when purchasing real estate at USD 250,000
- Spouse and children can be included
- No declaration on foreign assets or wealth required
- No physical residence requirement
- Advantageous and business-friendly jurisdiction
- Access to free medical, Government pension, and subsidized schooling
Requirements
Options 1:
Traditionally the most popular option when applying for Turkey Citizenship is through the real estate purchase at the minimum required threshold of USD 250,000. This investment needs to be held for a minimum period of 3-years after which it can be sold off while holding Citizenship indefinitely. Applicants can also rent out the purchased real estate during the holding period meaning a decent rental yield can be generated.
Option 2:
Another option when applying is a fixed bank deposit of USD 500,000 which again needs to be maintained in a Turkish bank account for a minimum 3-year holding period. This option is usually engaged by certain Nationalities who are restricted from purchasing Turkish real estate
Option 3:
The final and least popular option is the option available of starting a Turkey based Company with the requirement of employing a minimum of 50 Turkish Nationals attached
Process & Timeline
The required real estate purchase or bank deposit must be completed before submission, many real estate investors prefer to visit Turkey to view the required real estate which we can assist with. Once completed the relevant Government fees are then payable and submission takes place. Once received Residence Status is gained immediately for all applicants, Citizenship applications are then automatically engaged, and Passports are then granted within 4 months.
Visa-Free Access
Bangladesh *
Cambodia *
Hong Kong (SAR China)
Indonesia
Laos *
Macao (SAR China) *
Malaysia
Maldives *
Nepal *
Philippines
Singapore
South Korea
Sri Lanka **
Timor-Leste *
Uzbekistan
Albania
Andorra
Austria
Belarus
Belgium
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Germany
Gibraltar
Greece
Greenland
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Vatican City
Botswana
Cape Verde Islands *
Comores Islands *
Egypt *
Eswatini (Swaziland)
Gambia
Guinea-Bissau *
Kenya *
Lesotho
Madagascar *
Malawi
Mauritania *
Mauritius
Mayotte
Mozambique *
Reunion
Rwanda *
Senegal *
Seychelles *
Sierra Leone *
Somalia *
South Africa
St. Helena *
Tanzania
Togo *
Tunisia
Uganda
Zambia
Zimbabwe
Cook Islands
Fiji
French Polynesia
Kiribati
Micronesia
New Caledonia
Niue
Palau Islands *
Samoa *
Solomon Islands *
Tuvalu *
Vanuatu
Anguilla
Aruba
Bahamas
Barbados
Bonaire; St. Eustatius and Saba
British Virgin Islands
Cayman Islands
Cuba
Curacao
Dominica
Dominican Republic
French West Indies
Grenada
Haiti
Jamaica
Montserrat
St. Kitts and Nevis
St. Lucia
St. Maarten
St. Vincent and the Grenadines
Trinidad and Tobago
Turks and Caicos Islands
Belize
Bermuda
Bolivia *
Brazil
Chile
Colombia
Costa Rica
Ecuador
El Salvador
French Guiana
Guatemala
Guyana
Honduras
Nicaragua
Panama
Peru
Suriname
Venezuela
Armenia *
Georgia
Iran *
Jordan *
Lebanon *
Qatar
Government Fees
- Government Processing Fee: USD 1,000 per applicant
- Real Estate Appraisal Fee: USD 1,000
- Residence Card Fee: USD 100 per applicant
- Notary Fee: USD 1,000
- Passport Fee: USD 300 per person
- Land Transfer Tax: 3%