Overview of Türkiye
Türkiye, a secular democratic Republic founded in 1923, strategically spans Eurasia and boasts a rich history dating back to 1920. Situated between Asia and Europe, it covers a land area of 783,600 km2 with a population of 85 million people. Türkiye stands as the largest country in the region, excelling in territory, population, and land area compared to any European state. Renowned for its diverse attractions, including natural landscapes, historical sites, and top-notch health facilities, Türkiye is a sought-after destination for leisure, business, and health. With a GDP of around $800 Billion, it ranks 15th globally in GDP-SAP and stands as the world’s 16th largest economy, showcasing its position as one of the youngest economies.
Citizenship by Investment Program of Türkiye
Türkiye has initiated the granting of Turkish citizenship to foreign investors, amending the Turkish Citizenship regulations in 2017 to encourage foreign investment. Initially established with an investment threshold of US $1,000,000, the Turkish government reduced it to US $250,000 in 2019, enhancing the attractiveness of the Citizenship by Investment (CBI) program. The Türkiye Citizenship by Investment Scheme stands out as one of the quickest and most straightforward paths to obtaining a second passport.
The application process is straightforward and you can become the proud holder of a Turkish passport within as little as six months.
The Türkiye Citizenship by Investment program offers a diverse range of investment options, allowing applicants to choose from a US $600,000 investment in real estate, a US $500,000 cash deposit at a Turkish bank, a US $500,000 cash purchase of government bonds, or the creation of 50 jobs in Türkiye.
Which Family Members Can Be Added in the Same Türkiye Citizenship by Investment Application?
- Spouse
- Dependent children under the age of 18
- Dependent children over the age of 18 only obtain Turkish citizenship if they have a disability or require care.
Benefits of Turkish Citizenship and Passport
Turkey stands out as one of the most culturally affluent nations spanning Eastern Europe and West Asia, boasting extraordinary landmarks, historical treasures, and breathtaking natural landscapes. The country’s strategic central location and its unique offerings attract both tourists and investors alike.
In light of this, numerous families are inclined to pursue Turkish Citizenship through Investment, aiming to reap the myriad benefits the country provides. The advantages of Turkish Citizenship encompass complimentary education, comprehensive healthcare support, and the privilege of visa-free travel. Furthermore, individuals opting to invest in Turkish real estate can earn rental returns from their investments.
Turkish passport holders are privileged to numerous benefits:
- Visa-free access to over 113 countries and territories, including Japan, South Korea, Hong Kong, and Singapore
- No residency requirements, allowing applicants to secure Turkish citizenship entirely remotely
- Free medical care available to all Turkish citizens
- Türkiye allows dual citizenship
- Easy access to the US E-2 Visa scheme, enabling Turkish citizens to relocate to the US and set up a business
- Turkish citizenship is for life and hereditary, with descendants under the age of 18 automatically becoming Turkish citizens
- Free school and university education
- Live, work, or study anywhere in Türkiye without any time limit or additional permissions
Türkiye Citizenship by Investment Options
Turkish Citizenship through Real Estate Investment
Investors who select the real estate option can secure Turkish citizenship and a passport by acquiring one or more pieces of real estate with a total value of at least US $600,000. The property is required to remain in the ownership of the investor for a minimum of three (3) years, during which it is permissible to be rented out.
Turkish Citizenship through Bank Cash Investment
Obtaining a Turkish passport is also achievable through either depositing US $500,000 at a Turkish bank for three (3) years or purchasing government bonds with the same value and holding them for three (3) years. Alternatively, guided by the Ministry of Industry and Technology, investors can invest US $500,000 in fixed assets.
Turkish Citizenship through Job Creation
Entrepreneurs have the option to secure a Turkish passport by establishing a company and generating a minimum of 50 jobs, following the guidelines of the Ministry of Labor and Social Security.
Türkiye Citizenship by Investment Cost
Real Estate option
US $600,000
Governmental Investment option
US $500,000
Company Setup option
Create 50 Jobs for Turkish Citizens
How to Qualify for Turkish Citizenship?
- Main applicant must be 18 years of age or older
- Applicants must have no criminal record
Reach us to learn all about Türkiye Program, Application Details and Visa-Free Countries
Over recent years, the Turkish government has actively worked to expand the list of countries offering Visa-free access to Turkish passport holders.
FAQ’s About Türkiye Citizenship
How can I get Turkish citizenship?
Obtaining Turkish citizenship and a passport can be achieved through various avenues. Firstly, you may acquire real estate with a minimum value of $600,000. Alternatively, you can become a Turkish citizen by depositing $500,000 in a Turkish bank or investing the same amount in government bonds. Another option is creating 50 jobs in Türkiye, which also qualifies you for Turkish citizenship and a passport.
Can I get Turkish citizenship by buying a house?
Yes, purchasing real estate in Turkey with a minimum value of $600,000 makes you eligible to apply for Turkish citizenship. It’s worth noting that this investment can be spread across one or multiple properties, allowing flexibility in your real estate choices.
What are the benefits of Turkish citizenship?
In addition to Visa-free access to over 110 countries and the US E-2 Visa scheme, allowing relocation and business establishment in the United States, holding a Turkish passport provides the opportunity to settle in the United Kingdom.
Turkish citizens also enjoy life-long access to free medical care and social services upon retirement, along with free education for their children in Türkiye.
As the 16th largest economy globally, Türkiye is a dynamic nation with over 60,000 international businesses operating there and an average population age of just 31.5.
The process of applying for and securing Turkish citizenship is straightforward and quick, taking as little as three months for approval.
How strong is the Turkish passport?
In the “Guide Passport Ranking Index,” the Turkish passport holds the 53rd position out of 112. The rankings are primarily determined by the number of countries offering Visa-free access. With 111 countries providing Visa-free access to Turkish citizens, investors from various countries can greatly benefit from obtaining a Turkish passport.
How long does it take to get Turkish citizenship?
The process to secure Turkish citizenship involves several steps. Initially, you need to collect the necessary documents, which typically takes 3-4 days. Subsequently, the relevant authorities examine these documents within 30-60 days while you prepare your investment. Once the investment is complete, you can submit your citizenship application and expect to receive your passport within 60 days. It’s important to note that before applying for citizenship, you must obtain a residency permit. In total, the entire process takes approximately 4-6 months to secure Turkish citizenship.
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Other Citizenship by Investment Programs
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Cyprus residency Permits can be obtained in just two months, making this one of the fastest and simplest investor visa programs in Europe.
Spain Golden Visa
Greece Golden Visa
Greece Residency program is known for offering the lowest cost residency among the European residency by investment programs.