TURKEY

Turkey is a nation straddling eastern Europe and western Asia with cultural connections to ancient Greek, Persian, Roman, Byzantine and Ottoman empires. Cosmopolitan Istanbul, on the Bosphorus Strait, is home to the iconic Hagia Sophia, with its soaring dome and Christian mosaics, the massive 17th-century Blue Mosque, and the circa-1460 Topkap Palace, the former home of sultans. Ankara is Turkey’s modern capital.

Turkey’s contemporary capital is Ankara. The country’s architectural marvels, magnificent classical cities, and fortifications perched on hilltops contribute significantly to the country’s allure. Turkey is home to 77 million people and is a well-liked travel and business destination. Throughout the years, the nation’s performance has enhanced macroeconomic stability, and increased employment, and income. The strategic location of Turkey makes it a hub between Europe, Asia, and Africa offering strong market links and connections for travel and trade. Turkey is an ideal country for families looking to establish both residency and business.

Capital
Ankara
Population
85.2 million (2022)
Currency
Turkish Lira
GDP
USD 3.573 trillion (2023 estimate)

About Turkey Citizenship by Investment Program

The Turkish citizenship by investment program is also referred to as the Turkey Golden Visa. It was launched in 2016 and allows foreign investors to obtain Turkish Citizenship within three to six months. The Turkish Golden Visa program grants residency, citizenship, and a Turkish passport to applicants investing in real estate.

Applicants must fulfill all the following requirements.

Real Estate Investment

To qualify for the Turkish Citizenship-by-Investment Program, the main applicant is required to purchase a property in Turkey worth at least US$400,000. The property cannot be resold for the first three years.

Investment Options

Below are the various ways to acquire Turkish citizenship through investment:

  • Acquire real estate valued at a minimum of $400,000
  • Purchase government bonds worth at least $500,000 and maintain the investment for three years
  • Establish a company that will employ at least 50 individuals
  • Invest a minimum of $500,000 as capital investment
  • Deposit at least $500,000 in a Turkish bank and maintain the deposit for at least three years
  • Invest at least $500,000 in a share of a real estate investment fund or venture capital investment fund for a minimum of three years

The minimum investment threshold for citizenship in Turkey used to be $250,000 up until May 2022. However, it was increased to $400,000 on May 13. Investors could previously purchase multiple properties as long as the total price added up to $400,000 or more to be eligible for citizenship. However, the rules regarding this have been updated.

Length

To remain eligible for the Turkey citizenship by investment, the applicants are required to keep the said investment for a minimum of three years.

Required Documents for Turkish Golden Visa

  • Birth certificates of all the applicants
  • Passports of each applicant
  • Residence Proof (Recent utility statement)
  • Biometric, colored passport photos of each applicant
  • Marriage certificate (optional)
  • Death or divorce certificate of spouse (optional)
  • Proof that all the applicants have a clean criminal record
  • Proof of Health Insurance (valid in Turkey)
  • Proof of investment of $400,000 into a Turkish bank account or lawyer’s client account
  • Turkish Tax ID Number (necessary)

Note: You can add your spouse, dependent children below the age of 18, and children of any age with disabilities.

Turkey Citizenship Benefits

  • Visa-free access to 111 countries
  • Full citizenship granted
  • No minimum residency requirement
  • No language test required
  • Secular Muslim country
  • Free education & healthcare
  • The bridge between the East & West
  • Applications processed within five months
  • Children under 25 included as dependants

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