Citizenship by Investment: Turkey

One of the newest and most expensive Citizen by Investment programs on the market when it first appeared in 2017, Turkey’s CBI program is now well established among global second passport schemes as an affordable, convenient, and quick route to second citizenship. Foreigners can become Turkish citizens in just six months through a diverse array of investments, including the purchase of pre-approved Turkish real estate, bank cash infusions, and job creation.   

About Turkey

The bridge between Europe and the East, Turkey is both a major regional power and cultural center. Its strong economy (its currency is the Turkish Lira) is one of the reasons the Turkish CBI program has become so popular among foreign investors.

Advantages to Turkish Citizenship    

Turkish citizens enjoy the following benefits through their Turkish passport:

·       Visa-free entry to the best of Asia (South Korea, Singapore, Hong Kong, Japan) and 106+ other countries around the world (Turkish citizens are also eligible for the US E2 visa)

·       Zero residency requirements

·       Free education and healthcare

·       Lifetime and hereditary citizenship

Pathways to Turkish Citizenship  

1.      Governmental Investment

• ·       The Government Investment option involves making a deposit into a bank in Turkey (the deposit must not be withdrawn until a minimum of three years have passed).
• ·       Alternatively, applicants may buy a government bond(s), which also must be held for three years.
• ·       Finally, applicants may make an investment in certain assets.
• o   $500,000 USD (The minimum investment required for all three of the above governmental investment pathways for Turkish citizenship).
•  

2.      Investment in Real Estate

• ·       Foreigners can receive citizenship from Turkey by buying property in the country. Ownership must be maintained for a minimum of three years after naturalization. Once three years have passed post-naturalization, the property is eligible to be sold. Please note that any property purchased via this real estate avenue may be rented for income while it is held in ownership.
• ·       Pricing for the Real Estate option is as follows:
• o   $250,000 USD (Minimum investment value of the property)

3.      Job creation

• ·       Foreigners can receive citizenship from Turkey through the establishment of a Turkey-based company which employs a minimum of 50 Turkish people (this option is offered under the auspices of Turkey’s Ministry of Labor and Social Security).

Please note that, in addition to the each of the three investment options to Turkish citizenship, all applicants are also responsible for additional fees such as due diligence and administrative fees relating to application processing.

Eligibility Requirements for Turkey Citizenship 

All applicants for the citizenship via the Turkey CBI program must fulfill the following criteria:

·       The main applicant must be age 18+

·       Be without a criminal history

Eligible Family Members

·       Spouse

·       Dependent children under the age of 18

·       Dependent children over the age of 18 (if they have a disability or require care.)

How to Apply for Turkey Citizenship

Contact MASA Immigration to begin your journey to Turkish citizenship. All applicants must first secure an agent in order to apply for economic citizenship in Turkey. Your agent will help you acquire, assemble, and fill out all of your application materials, ensuring that your application is complete when it is submitted.