The Turkey Citizenship by Investment Visa allows foreign nationals to obtain Turkish citizenship by making a significant financial investment in the country. Introduced in 2017, the program aims to attract foreign capital and boost the Turkish economy. This visa provides a pathway to Turkish citizenship relatively quickly, offering various investment options tailored to different investor profiles.
Key Features
- Quick Path to Citizenship: Obtain Turkish citizenship within approximately 3-6 months.
- Dual Citizenship Allowed: Turkey permits dual citizenship, allowing investors to retain their original nationality.
- Visa-Free Travel: Turkish citizens enjoy visa-free or visa-on-arrival access to over 110 countries.
- Family Inclusion: The main applicant’s spouse and children under 18 can also obtain citizenship.
- No Residency Requirement: There is no need to reside in Turkey before or after acquiring citizenship.
Investment Options
- Purpose: Purchase property in Turkey.
- Eligibility: Minimum investment of $400,000 in residential or commercial real estate. The property must be held for at least three years.
- Duration: Citizenship granted within 3-6 months.
- Other: The property can be rented out during the holding period.
- Purpose: Invest in a Turkish bank account or government bonds.
- Eligibility: Minimum deposit of $500,000 in a Turkish bank or purchase of government bonds, held for at least three years.
- Duration: Citizenship granted within 3-6 months.
- Other: The investment can be in any foreign currency or Turkish Lira.
- Purpose: Establish a business that creates employment in Turkey.
- Eligibility: Create jobs for at least 50 Turkish citizens.
- Duration: Citizenship granted within 3-6 months.
- Other: The business must be maintained for at least three years.
- Purpose: Invest in a Turkish venture capital or private equity fund.
- Eligibility: Minimum investment of $500,000 in a fund approved by the Turkish government.
- Duration: Citizenship granted within 3-6 months.
- Other: The investment must be held for at least three years.
Eligibility Requirements
General Requirements:
- Age: The main applicant must be at least 18 years old.
- Good Character: No criminal record and a clean security background check.
- Source of Funds: The investment funds must be legally obtained and verifiable.
Specific Requirements:
- Real Estate: The property must be purchased from a Turkish citizen or company and should be registered with the appropriate Turkish authorities.
- Bank Deposit or Bonds: The funds must be deposited in a Turkish bank or used to purchase government bonds and held for a minimum of three years.
- Job Creation: The applicant must prove the creation of at least 50 jobs for Turkish citizens.
- Venture Capital: The investment must be in a government-approved fund.
Required Documents
- Valid Passport: Copy of the applicant’s passport and those of any family members included in the application.
- Proof of Investment: Documents showing the purchase of real estate, deposit of funds, or other qualifying investments.
- Background Check: Police clearance certificates from the applicant’s country of origin and any country of residence in the last 10 years.
- Application Form: Completed and signed application forms for Turkish citizenship.
- Birth Certificates: Copies of the birth certificates of the applicant and family members.
- Marriage Certificate (if applicable): Proof of marriage for applicants including their spouse.
- Proof of Address: Utility bills or rental agreements showing the applicant’s current address.
- Photographs: Recent passport-sized photos of the applicant and family members.
Application Process
- Select Investment: Choose one of the eligible investment options.
- Prepare Documentation: Gather all necessary documents, including proof of funds, background checks, and investment certificates.
- Make Investment: Complete the investment process (e.g., purchase real estate, deposit funds).
- Submit Application: Submit the application to the Turkish Citizenship Office or through a Turkish consulate abroad.
- Processing and Due Diligence: Turkish authorities will conduct background checks and verify the investment.
- Receive Citizenship: Once approved, the applicant and included family members will receive Turkish citizenship and passports.
Cost
| Investment Type | Approximate Cost |
|---|---|
| Real Estate Investment | $400,000 (minimum) |
| Capital Investment | $500,000 (minimum) |
| Job Creation | Cost varies (must create 50 jobs) |
| Venture Capital Investment | $500,000 (minimum) |
| Application Fees | $2,000 – $5,000 per applicant |
| Legal Fees | $10,000 – $20,000 (varies by lawyer) |
Note: Costs can vary depending on the specific investment and legal services used.
Visa Processing Time
| Investment Type | Processing Time |
|---|---|
| Real Estate Investment | 3 – 6 months |
| Capital Investment | 3 – 6 months |
| Job Creation | 3 – 6 months |
| Venture Capital Investment | 3 – 6 months |
Note: Processing times are approximate and can vary based on the complexity of the application.
Key Points to Remember
- No Residency Requirement: There is no need to live in Turkey before or after obtaining citizenship.
- Dual Citizenship: Turkey allows dual citizenship, so you can retain your original nationality.
- Holding Period: The investment must be held for at least three years to maintain citizenship.
- Family Inclusion: Spouses and children under 18 can be included in the citizenship application.
Conclusion
The Turkey Citizenship by Investment Visa offers an attractive opportunity for investors seeking to obtain a second passport and benefit from Turkey’s strategic location, growing economy, and visa-free travel options. With various investment options available, investors can choose the path that best aligns with their financial goals and lifestyle preferences. The process is streamlined, with citizenship typically granted within a few months, making it a popular choice for high-net-worth individuals worldwide.
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