Residency /
Citizenship by Investment
Citizenship by Investment
TURKEY CITIZENSHIP / RESIDENCY BY INVESTMENT
Turkey Residency & Citizenship: Security. Opportunity. Peace of mind.
Welcome! In an effort to support the country's economy, Turkey has published an immigration by investment program that allows the applicant to receive Turkish citizenship (Turkey passport) on the basis of an investment into Turkish real estate or other assets.
International business executives, investors, and important persons who are active worldwide consider an alternative citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.
While Turkey is not (yet) a member of the EU, the country strives to join the union. The Turkish passport provides visa free travel to over 100 countries, including Japan, Singapore, South Korea as well as countries in Africa, Asia and South America. Full Turkish citizenship and the Turkish passport are issued to the applicant and his/her family.
Turkey Citizenship Program Details
The applicant may select from several investment options, each of which qualifies for the Turkish citizenship program. A recent reduction in the minimum investment amount to only USD 400,000 makes the Turkish citizenship program one of the most affordable citizenship by investment programs available worldwide. Application processing can be as fast as three to six months.INVESTMENT OPTION #1: USD 400,000 minimum amount: Real Estate
The Turkish government recently lowered the investment amount required to obtain Turkish citizenship (Turkish passport) from USD 1.0 million to USD 400,000 (the USD 250,000 option was eliminated in April of 2022) for applicants who purchase a local property or properties. This real estate investment may be made into residential property, commercial property, or undeveloped land. The property/ies must be held for a minimum duration of three years.INVESTMENT OPTION #2: USD 500,000 minimum amount: Bank Deposit / Fixed Capital / Government Bonds / Real Estate Fund
This investment option requires a minimum investment amount of USD 500,000 into one of the listed investment vehicles. The investment must be held for a minimum of three years.Eligibility for Turkey Citizenship
Turkey citizenship applicants must be at least 18 years of age and have a clean criminal record. The main applicant may also add dependents to a citizenship application, including his/her spouse, minor children, and adult children who are unmarried.
Application Timeline
Step 1 - Initial consultation. The legal team
in Turkey will speak with you to answer any questions you might
have and to determine which investment vehicle is best given
your investment goals. There is no charge for this initial consultation.
Step 2 - Engagement Letter / Power of Attorney. After you have signed the Engagement Letter and Power of Attorney the legal team in Turkey will start your case file.
Step 3 - Document Preparation. At this stage your assigned immigration advisor will work with you on collecting all required supporting documentation and completing your Turkey residency application forms. This stage also entails opening your bank account and making an investment selection. The team can also assist with finding a property that fulfills the real estate investment requirement, if chosen. Once your residency application file is complete, it is filed with the Turkish government.
Step 4 - Residency Permit Issued. Upon approval, the Turkish government will issue your residency permit. This step also starts the final stage of your Turkish citizenship application procedure. Once all remaining forms have been completed your citizenship application will be submitted to the Turkish government for final processing.
Step 5 - Citizenship (Passports) Issued. Upon approval, the Turkish government will now issue your certificate of naturalization, and you may collect your Turkish passport.
Step 2 - Engagement Letter / Power of Attorney. After you have signed the Engagement Letter and Power of Attorney the legal team in Turkey will start your case file.
Step 3 - Document Preparation. At this stage your assigned immigration advisor will work with you on collecting all required supporting documentation and completing your Turkey residency application forms. This stage also entails opening your bank account and making an investment selection. The team can also assist with finding a property that fulfills the real estate investment requirement, if chosen. Once your residency application file is complete, it is filed with the Turkish government.
Step 4 - Residency Permit Issued. Upon approval, the Turkish government will issue your residency permit. This step also starts the final stage of your Turkish citizenship application procedure. Once all remaining forms have been completed your citizenship application will be submitted to the Turkish government for final processing.
Step 5 - Citizenship (Passports) Issued. Upon approval, the Turkish government will now issue your certificate of naturalization, and you may collect your Turkish passport.
The application process for residency is expected to take about two months. The total time to citizenship is between 3 - 6 months. Government filing fees and attorney fees are in addition to the investment minimums.
Why Turkey?
With its warm climate and convenient geographical position acting as a bridge between Asia and Europe, Turkey is considered an attractive place for residence or citizenship.
The Turkish citizenship program is one of the fastest at approximately three to six months for application processing, and starting from USD 400,000 one of the most affordable citizenship programs worldwide. The Turkish government allows dual-citizenship, which means applicants may retain their original nationality.
Citizens from most nationalities are eligible to apply for the program. Applicants may add family members, including unmarried adult children over 18 years of age as well as a second wife, if the USD 500,000 bank account deposit option is chosen.
The Turkish citizenship provides access to the free Turkish education and health care system. Additional benefits include visa-free travel to over 100 countries, Singapore, Japan and major countries in South America and Africa.
The Turkish Government does not require the applicant to declare international earnings or pay tax on international income. Further, there is no inheritance tax in Turkey.
Please contact us for a detailed cost estimate or confidential consultation. Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Turkey Residency / Citizenship by Investment programs.
FREQUENTLY ASKED QUESTIONS (FAQ)
Q: How does citizenship application process work in Turkey?
A: When the client buys property valued above USD 400,000 in Turkey the request for Turkish citizenship is made to the "General Office of Land Registry and Cadastre". The application and title deed are submitted through the Ministry of Environment and Urbanisation.Q: What is the responsibility of the Ministry of Environment and Urbanisation?
A: The Ministry of Environment and Urbanisation verifies with sworn appraisers that the value declared on the title deed is correct and above USD 400,000. Sworn property valuation companies are used in order to prevent fraud.Q: Is my family included?
A: Yes, the applicant’s wife/husband and all children under the age of 18 (on the application date) and disabled children of any age will receive Turkish citizenship. Parents cannot be included and would need to file their own application.Q: How long does the application process take?
A: Citizenship applications are processed fast - usually it takes 3 to 6 months from start to finish. The Turkish government is eager to reduce the time required, which would make the application process even faster.Q: Do I need to pass any interviews, education classes, or language tests?
A: No - there are no tests.Q: Do I need to declare my wealth?
A: No, applicants don't need to declare any assets or income.Q: Is dual citizenship allowed?
A: Yes, Turkey recognizes dual citizenship.Q: Is there a residency requirement?
A: No, there is no residency requirement.Q: May I buy a commercial property, or a rental property, and receive the Turkish passport?
A: Yes, any property bought qualifies as long as the purchase price (and valuation) meet the minimum required investment amount.Q: I do not have time to travel to Turkey. How can I get the Turkish citizenship?
A: Applicants don’t need to come to Turkey as there is no residency requirement. If you cannot travel to Turkey then our highly experienced legal team in Istanbul will assist you with all informative and bureaucratic aspects of the process through phone, chat, and email. Lastly, the legal team maintains physical offices not only in Turkey, but also in the United States, the Middle East, China, and India.Q: Which nationalities may apply for Turkish passport? Are any nationalities excluded?
A: All nationalities who are able to purchase property in Turkey are eligible for the Turkish citizenship by investment.Q: I bought property in Turkey previously. May I apply for citizenship now?
A: It depends; if the title deed is dated after September 20, 2018 you may apply under the Turkish citizenship by investment program regulations.Q: Since the citizenship process can take up to 6 months, do I receive the Residence Permit sooner?
A: Yes - the residence permit is granted to you and your family prior to receiving the passport, usually within 30 - 60 days.Q: What are some of the most popular immigration by investment programs worldwide?
A: The Bulgaria Citizenship by Investment Program offers several investment options starting from EUR 257,000 plus fees for Bulgaria (EU) citizenship and passport after 5 years in residency status.The Cyprus Residency by Investment Program offers several investment options from EUR 300,000 for Cyprus (EU) permanent residency. Residents may apply for citizenship after 7 years in residency status.
The Greece Golden Visa allows non-EU applicants to file for Greece (EU) permanent residency by way of a EUR 250,000 investment in local real estate. The investor may file for Greek citizenship after 7 years of living in Greece at a minimum of 183 days per year.
The Malta Naturalisation for Exceptional Services by Direct Investment regulation provides the applicant with Malta (EU) residency and citizenship & passport for an investment in the amount of EUR 600,000 (36 months residency option) or EUR 750,000 (12 months residency option). Additional are a philanthropic donation, a property purchase or rental, and fees. For applicants who are only seeking Malta (tax) residency or Schengen travel benefits, options start at an annual recurring expense of EUR 15,000 plus property and fees.
The Monaco Residency / Citizenship Program offers Monaco permanent residency to applicants who can prove sufficient accommodations and financial self-sufficiency. The applicant may file for Monaco citizenship after 10 years of permanent residency.
The Portugal Golden Visa Residence Permit Program offers Portugal (EU) permanent residency for a investment (donation) starting from EUR 250,000. Investors may apply for Portugal citizenship after 5 years in residency status.
The Spain Golden Visa offers Spain (EU) permanent residency for a EUR 500,000 minimum investment in real estate, or a EUR 1 Million Euro asset transfer, or a 2 Million Euro securities investment, or the creation of a new government-approved business project. The investor may file for citizenship after 10 years in residency status.
Outside of the EU, citizenship by investment programs include those offered by Turkey, Vanuatu, Canada, the United States of America, and the Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia:
Turkey offers the Turkish citizenship and passport for a property purchases of at least USD 400,000.
Vanuatu offers the Vanuatu citizenship and passport for a donation starting at USD 130,000.
Canada offers several residency by investment options, leading to citizenship if desired, starting at CAD 200,000.
The United States EB-5 Program leads to permanent residency status and citizenship in the United States for a minimum investment of USD 900,000 in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. After 5 years as a permanent resident the investor may apply for U.S. citizenship.
The Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia offer citizenship programs requiring a real estate investment from USD 200,000 or a non-refundable donation of at least USD 100,000.
Please contact us using the contact form below for a detailed cost estimate or confidential consultation. Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Turkey Residency / Citizenship by Investment programs.
Contact Us for a Free Consultation
Contact us for a free, detailed cost estimate or confidential consultation by email (or phone / office visit, if preferred). To start the application process online please register here.
We will reply to your inquiry by email within one hour!
If you prefer to meet in person at any of the offices please send us your dates of travel so that we may coordinate a time most convenient for you.
Our team of associates in Turkey includes immigration specialists working exclusively on citizenship & residence matters and will stand by your side throughout the entire application process, from start to finish. The team will work with you until your residence or citizenship by investment application has been approved and you have received your residence certificate or Turkey passport.
Do you have any questions? Use our contact form to receive a reply today.
Zenturo Ltd.
Residency & Citizenship by Investment Programs WorldwideTurkey Office: Istanbul
394A / 395A, Triq il-Kbira San Guzepp
Santa Venera, SVR 1016
Malta
Phone: +356 9950 5515
WhatsApp: +356 9991 4125
Telegram: +356 9991 4125
WeChat: ZenturoSupport
Skype: Zenturo Ltd. Support
Service Inquiries: service@zenturo.zenturo.com
General Counsel: legal@zenturo.zenturo.com
Company Registration No.: C-39472
VAT ID: MT-18142026
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