Turkey

Turkey, a nation with a strategic geographic location, lies partly in Asia and partly in Europe, serving as a crossroads and link between these two continents.

Over the past 16 years, Turkey, under the leadership of Justice and Development Party, has achieved notable political and economic stability. Consequently, the country has become a major center of attraction for foreign direct investment, providing a stable investment environment. In fact, Turkey’s economy has experienced outstanding growth, moving from the except for the huge leap achieved by its economy from 111th to the 17th position, according to World Bank data.

During the past eight years, according to statistics of the Turkish Ministry of Economy, Turkey has attracted a total of US$ 145 billion in foreign direct investment inflows. The Netherlands had the lion’s share of these investments, contributing over US$ 23 billion between the beginning of 2002 and October 2017. The United States trails behind with direct investment in Turkey reaching US$ 11 billion, followed by Austria, Britain, Luxembourg and Germany, respectively.

Country Highlights

Capital

Ankara

Population

84.87 mn (2021)

Language

Turkish (official)

Currency

Turkish lira

Exchange Rate

1 USD = 28.86 Turkish lira

Government Type

Republican parliamentary democracy

Global Ranking

30th

Time to Citizenship

4-6 Months

Minimum Investment

US$ 400,000

Type of Investment

Real estate

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Venezuela visa-free/90 days

Benefits

  • Entire family is eligible, including spouses and children under 18
  • No residency requirements
  • Full free medical assistance for life for all family members
  • Free education and university reimbursement plans are provided
  • Pension programs included
  • No military services required for TCBI applicants
  • Turkey allows dual citizenship
  • Visa-free travel to 77 countries
  • Easy access to gain Schengen visa
  • Obtain Turkish citizenship in only four to six months, with no requirement for exams or interviews
  • Generate rental income from your property investment. After holding your investment for three years, you have the option to resell your investments.

Required Documentation/Paperwork

  • Certified copy of full birth certificate
  • Six (6) passport- sized, color photos of yourself taken within the last six months (Approximately 35 x 45 mm in size, of good quality color and on high quality paper)
  • Certified copy of your current passport(s)Certified copy of full birth certificate
  • Bank reference letter is sued by an internationally recognized bank valid within the last six months immediately preceding the submission of the application.
  • Due Diligence (Police certificate from country of birth, and from any other country in which you have resided for a period of at least one year during the ten (10) year immediately preceding the submission of the application for citizenship by investment. • The police certificate should be no more than six months old. *In the event that you are unable to obtain a police certificate, please provide an explanation here. Police certificates are NOT required for qualifying dependents below the age of 16).
  • Certified copy of marriage record or marriage certificate (s) (if applicable). *You must submit for the principal applicant and the spouse.
  • Certified copy of divorce decree (if applicable) *You must submit for the principal applicant and spouse.
  • One (1) document of proof of residential address valid within the last three months immediately preceding the submission of the application. *Examples of proof of residential address include: Certified copy of a recent utility bill OR Bank statement showing full name and address. (Certified copy / Original).
  • Professional reference (e.g. from an attorney, chartered accountant or other professional of similar standing) valid within the last six months immediately preceding the submission of the applications.

Eligibility Criteria

Main applicant requirements

  • 18+ years of age
  • Good health
  • No criminal record
  • Successfully pass due diligence checks
  • Confirmed investment sources
  • Investors are not obliged to declare assets or income earned in other countries

Eligible dependents

    • Spouse of the main applicant
    • Children (biological or adopted) under 18 years of age

Steps

  • Step 1: Appraisal of real estate
  • Step 2: Full value registration by wire transfer and complete investment
  • Step 3: Prepare documents
  • Step 4: Submit citizenship application
  • Step 5: Obtain “Investor Residence Permit” within 4-6 months
  • Step 6: Submit and monitor Turkish Citizenship Application
  • Step 7: Receive the citizenship confirmation documents from civil registry office
  • Step 8: Arrange passport and ID appointments (At civil registry offices in Turkey or Turkish Embassies/ Consulates)
  • Step 9: Receive Turkish passport

Costs

Acquiring Turkish Citizenship by Investment is possible by investing in one or more properties in Turkey.

  • Minimum required investment: US$ 400,000
  • Land Registry fee: 2% of the purchase price
  • Official transfer fee (paid to Land Registry): US$ 200
  • Property value report: US$ 500 (approx.)

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